The UK has experienced a "lost decade" for productivity, with no increase in production efficiency between 2007 and 2017. Beware those who tell you they know the answer to our longstanding productivity woes. It is a highly complex question and there is no consensus on the precise causes, or what we should prioritise to solve the problem. Yet the bald facts are indisputable. In 2015, this country's output was just 76% of the level in the US, and well behind that of most of our other major competitors in the global marketplace.

Magic Leap, the augmented reality startup that has raised $1.4 billion in funding but has yet to release a product, has made an acquisition to expand its work in computer vision and deep learning, and to build out its operations into Europe. The company has acquired the 3D division of Dacuda, a computer vision startup based out of Zurich. One of Dacuda's focuses had been developing algorithms for consumer-grade cameras (and not just cameras, but any device with a camera function) to capture 2D and 3D imaging in real-time, "making 3D content as easy as taking a video." Dacuda has confirmed the acquisition with a short announcement on its site. It notes that the whole 3D team has moved to Magic Leap and that Dacuda's founder, Alexander Ilic, is now leading Magic Leap Switzerland.