Nokia is officially back in the mainstream mobile phone business after years in the wilderness precipitated by a massively wrong call on the future of the smartphone. Nokia has cut a deal with fellow Finns HMD Global which has now kickstarted a programme to put Nokia-branded handsets back in consumers’ hands. The objectives aren’t modest as they include the aim of becoming a ‘significant player’ in the global smartphone market. Maybe the demise of Samsung in the space will prove fortuitous.
Russian attempts to influence the US election included hacking and leaking documentation as well as ‘weaponising’ social media with false narratives to alter public perceptions, according to analysis conducted by cybersecurity outfit FireEye. “The dawning of Russia as a cyberpower is at a whole other level than it ever was before,” FireEye chair David DeWalt told Bloomberg. “We’ve seen what I believe is the most historical event maybe in American democracy history in terms of the Russian campaign.”
Over two-fifths of start-ups crash and burn because there’s no market need for their products and services, with founders out to build a solution looking for a problem rather than address an actual pain point, according to an analysis of start-up failures conducted by CB Insights. Running out of cash is the second-most-common reason for new outfits to go belly up, as firms struggled with the issue of how to spend those monies raised.
Kenyan taxi-hailing newcomer Little Cab is taking its war with Uber across borders as it plans to expand the cab service into both Uganda and Nigeria. Little Cab, a joint venture between leading East African comms group Safaricom and tech start-up Craft Silicon, only launched in July but has already emerged as a rival to giant Uber with its low-price strategy. Little Cab recently upped the ante in Kenya by lowering its fares from US$054 to US$0.29 per kilometer, the cheapest rate in the marketplace.
Not only is BMW iVentures, the venture capital arm of the prestigious car maker, getting an injection of funds from €425 million to €500 million, its also upping sticks and moving from its base of operations in New York to Silicon Valley. The geographical move is clearly because BMW i Ventures feels a bit out on a limb on the East Coast, and that’s because an estimated half of all start-ups in and around the Valley are currently involved in the mobility sector, and BMW is hoping that energy will rub off.
New social media football platform Dugout has hard-launched its digital offering in partnerships with 27 leading clubs – among them Barcelona, Paris Saint-Germain, Juventus, AC Milan, Liverpool, Arsenal, Chelsea – and with a number of pro players to deliver exclusive behind-the-scenes original content to fans around the globe. Each club has a dedicated channel to upload its own fare or feature content produced together with Dugout.
UK entertainment production outfit Attention Seekers – think, The Boot Room FIFA video game show, the Xbox Upload video channel along with mini-series Dead Space – has joined forces with US events firms Done + Dusted to launch AD+D, a platform for esports. The new outfit will look to bring competitive gaming more into the mainstream. AD+D will provide a one-stop shop for clients seeking the planning and production of live gaming events and will operate out of a US West Coast so that it can more easily work with games companies and broadcasters.
The median salary of women working in tech in the UK is 9% lower than that of the men they work alongside, corresponding to a £5,000-a-year gap in salary terms. That’s at least better than in other sectors, because, across the UK as whole, females are paid an average of 13.9% less than their male counterparts, according to analysis conducted by Hired of its data set across gender, location, role and company types.