“Waymo said that its autonomous vehicles will be used to help shuttle car parts between several AutoNation locations and other repair shops in the Phoenix, Arizona area,” reports the International Business Times: While the expanded partnership may not seem like a big deal at first blush, it’s important for investors to know that the move is yet another step for Waymo…
Tag: investors
Germany’s Giant Windmills Are Wildly Unpopular
“Local politics are a bigger problem for renewable energy growth than competition from fossil fuels,” warns a Bloomberg columnist: It’s getting harder to get permission to erect the turbine towers. Local regulations are getting stricter. Bavaria decided back in 2014 that the distance between a wind turbine and the nearest housing must be 10 times the height of the mast, which,…
Zuckerberg Doubles Down on Facebook Political Ads Policy After Twitter Ban
Facebook CEO Mark Zuckerberg has ardently defended Facebook’s controversial political advertising policy hours after Twitter took a shot at its rival while announcing it will ban all political ads from its platform. From a report: “Although I’ve considered whether we should not carry [political] ads in the past, and I’ll continue to do so, on balance so far I’ve thought we…
All-seeing eyes: The epic plan to track almost everything on Earth
Firms are racing to create a real-time database of every object on Earth larger than a car. It would help investors and conservationists, but could it be abused? Source: https://www.newscientist.com/article/mg24432542-700-all-seeing-eyes-the-epic-plan-to-track-almost-everything-on-earth/?utm_campaign=RSS%7CNSNS&utm_source=NSNS&utm_medium=RSS&utm_content=home…
The Price of Bitcoin Spiked 40% Friday Night
“The price of Bitcoin skyrocketed overnight, rising by nearly 40 percent from a recent low,” reports Newsweek:
The sharp turn came as Chinese President Xi Jinping spoke highly of the decentralized technology on which the digital currency is founded, telling members of the Political Bureau of the Central Committee that the country should “seize the opportunity” of blockchain… China banned cryptocurrency exchanges…
2,000 WeWork Employees To Lose Their Jobs As Former CEO Adam Neumann Prepares To Walk Away With at Least $1 Billion
WeWork’s value has tumbled, about 2,000 employees are being cut and many investors are nursing losses after the firm’s bailout. But founder Adam Neumann is still a billionaire. From a report: SoftBank’s proposed rescue package of WeWork involves Neumann selling about $1 billion of stock and getting a $185 million consulting fee from the Japanese firm even as the deal values…
Company Offers To Pay You $130,000 To Put Your Face On a Robot
A British engineering and manufacturing firm called Geomiq has put out a call for people interested in being the face of a new “state-of-the-art humanoid” it’s developing with an unnamed company. The lucky winner with the “kind and friendly” face that the company is looking for will receive $130,000. CNET reports: “The company is searching for a ‘kind and friendly’ face…
Why The ‘Not-Com’ Stock Bubble Is Popping
“In the dot-com bubble, public investors got hosed,” remembers The Atlantic. “Today, it’s public investors that are doing the hosing.” When the web browser Netscape went public on August 9, 1995 — the day many cite as the beginning of the dot-com bubble — its stock skyrocketed from $28 to $75 in a matter of hours, even though the company wasn’t…
Hot Online Bank Startup Leaves Customers Without Access to Their Cash
Chime, an online banking startup with more than 5 million customers, has been suffering an outage for much of past 24 hours that has left customers without access to their money. From a report: The startup blamed the disruption on an unspecified issue with a payments processor and said data was not at risk. The downtime comes as the digital bank…
Goldman Sachs CEO Says Apple Card is the Most Successful Credit Card Launch Ever
Goldman Sachs CEO David Solomon called his bank’s rollout of the Apple Card “the most successful credit card launch ever.” From a report: Solomon provided investors with an update on the bank’s new initiatives at the start of a conference call Tuesday. “We believe Apple Card is the most successful credit card launch ever,” he said. Continuing on the Apple Card,…