The eye healthcare industry is attracting more attention than ever. Evolving healthcare technology is enabling new, less invasive treatments for common eye diseases and reimagining existing remedies like eye drops.
We dive into the startups tackling eye care, emerging treatments, and how the eyes can provide crucial insights into full-body health. Take a look.
With Eastern beauty practices merging with Western influences, the Asian beauty industry has changed dramatically in recent years — and Asian consumers are changing the way they buy cosmetics.
2: This week saw the birth of 2 new unicorns, both based in San Francisco. Payments startup Brex, which offers a corporate credit card for tech companies, reached a $1.1B valuation following its $125 Series C. Popular wool footwear startup Allbirds was valued at $1.4B following a $50M Series C. Last quarter, the US saw the birth of 16 new VC-backed unicorns, including Lime, LegalZoom, and GitLab. For more VC funding trends from Q3’18, check out the latest MoneyTree report from PwC and CB Insights here.
-30%: Yesterday, stocks posted their third-worst single-day point decline in history, with the Dow down 832 points. (It fell another 546 points today.) Meanwhile the S&P 500 has plummeted nearly 7% from its late September high and is on its sixth-straight day of losses, representing its longest losing streak since late 2016. Facebook stock is notably down 30% from the high it hit in July, hovering around the levels it was at in the days after the Cambridge Analytica news first broke.
10M: Google’s driverless car unit, Waymo, said its autonomous vehicles have now driven 10 million miles on public roads. Autonomous vehicles could have wide-ranging effects, potentially upending everything from ride-hailing and food delivery to real estate and child care. Check out 33 industries other than auto that driverless cars could disrupt.
15%: Netflix is responsible for roughly 15% of global internet traffic, according to the new Global Internet Phenomena Report from Sandvine. YouTube isn’t far behind, at 11.4%, while Amazon Prime Video clocks in at 3.7%. In the Americas specifically, Netflix accounts for 19.1% of total downstream traffic, and at peak hours, this number can spike as high as 40%.
$10B: Google has announced it will not bid for the Defense Department cloud computing contract JEDI, potentially worth $10B. In a statement to Bloomberg, Google explained that the company would not bid because “we couldn’t be assured that it would align with our AI Principles.” Google is one of many companies considering the ethical questions surrounding artificial intelligence. Read more about how tech companies are confronting ethics in AI here.
33: A new Apple patent shows the company is cracking down on spam calls, developing a method to detect spoofed calls. The patent highlights a system where an iPhone could perform checks on an incoming call — such as checking if it’s been passed through a forwarding device — and warn users if a call is problematic, or even prevent the call from coming through at all. Apple is currently involved in an FCC “Robocall Strike Force” of 33 companies aiming to reduce nuisance calls in the US.
9,534 miles: Singapore Airline’s record-breaking 9,534-mile flight from Singapore to New York relaunches today, after being cancelled five years ago due to rising oil costs. The flight, available 3 times a week, will take up to 18 hours and 25 minutes, and economy tickets start at £1,230. Services will include free Wi-Fi, 1,200 hours of available film and TV content, and a menu designed to “counteract minimal body movement and long flight duration.”