Waymo accepts $245m and Uber’s ‘regret’ to settle self-driving car dispute

SAN FRANCISCO – Uber Technologies Inc will pay $245 million worth of its own shares to Alphabet Inc’s Waymo self-driving vehicle unit to settle a legal dispute over trade secrets, allowing Uber’s chief executive to move past one of the company’s most bruising public controversies. The settlement announcement on Friday brought an abrupt halt to the… Please follow and like us:

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Uber, other ride-booking services has reduced ambulance usage across the country, study says

SAN JOSE, Calif. — In what is believed to be the first study to measure the impact of Uber and other ride-booking services on the U.S. ambulance business, two researchers have concluded that ambulance usage is dropping across the country. A research paper released this week examined ambulance usage rates in 766 U.S. cities in 43… Please follow and like us:

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Here’s the most disturbing thing about the Uber hack

Ride-sharing service Uber is being maligned again after the company announced Tuesday that it suffered a massive cybersecurity breach last year. The hack exposed the data of more than 57 million riders and drivers that use the Uber app, one of the most successful tech companies of the past five years. The cybersecurity incident comes a… Please follow and like us:

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Google Admits To Tracking User Location Even With Location Services Turned Off

Google has been gathering location data from users with Android smartphones and tablets—even when those users have turned off the location services setting and removed the SIM card, according to a report from Quartz. Google admitted to developing a system that would be able to track user locations despite users choosing to opt out of such… Please follow and like us:

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SoftBank The Next Berkshire Or Valeant?

SoftBank has an odd relationship with Uber. At one point SoftBank bought shares directly from the ride-sharing company at a $68 billion valuation, then tendered shares at a $50 billion valuation. But for AB Bernstein analyst Chris Lane, this dichotomy isn’t a concern about investing in SoftBank and its Vision fund. The tech soothsayers in Japan… Please follow and like us:

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Uber board agrees to clear path for SoftBank investment, reports say

Uber’s board agreed Sunday to a deal opening the way for a consortium of investors led by Japanese conglomerate SoftBank to buy a significant stake in the ride-hailing company, moving Uber toward going public, according to press reports. The Softbank-led consortium’s investment in Uber could be worth up to $10 billion, Reuters reported, citing two unidentified… Please follow and like us:

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Uber says it will bring its flying taxis to Los Angeles in 2020

LOS ANGELES — In just over two years, Uber says it will let commuters soar over Los Angeles’ snarled traffic in flying taxis. The ride-hailing firm announced Wednesday that L.A. will be one of the first cities served by UberAir, which it says will begin ferrying passengers across the region in electric aircraft in 2020. Aviation… Please follow and like us:

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Top 10 ‘unicorn’ companies outside the US

Seven of the world’s top 10 most highly valued non-US “unicorns” – private companies valued at more than $1 billion each – began in China, according to a report from US consulting firm CB Insights. Chinese ride-hailing company Didi Chuxing is the world’s second-most highly valued unicorn, just behind the US-based Uber, another car-hailing service provider.… Please follow and like us:

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Lyft gets $1 billion investment, led by Google’s parent company

SAN FRANCISCO — In the topsy-turvy world of tech, an investor can fund a company one minute and sue it the next. It also can turn around and fund a competitor, which is what Google’s parent company did when it announced Thursday that its growth equity fund led a $1 billion investment in Lyft, four years… Please follow and like us:

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How Investment Managers Can Fight Off The Threat From Big Tech

A recent report found that 56.2% of high-net-worth individuals (HNWIs) would think about using one of the big four technology firms to manage their wealth if they offered investment services. When considered against a backdrop of only just over a third of HNWIs saying they would recommend their current investment manager, the report can be viewed… Please follow and like us:

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Uber investors threaten to sue over Tuesday board vote

SAN FRANCISCO — Adding a new twist to ongoing drama at Uber, a group of prominent investors in the ride-hailing startup is threatening to sue if a contentious board vote Tuesday doesn’t go its way. The deeply fractured board was gearing up to vote on a handful of measures that would, among other changes, further reduce… Please follow and like us:

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DIGITAL ECONOMY – ‘Uber isn’t perfect, but politics is about the signals you send worldwide’

Transport for London’s (TFL) decision last week not to renew Uber’s operating license in the British capital brought both praise and condemnation, and sparked a wider debate on the merits of the service still operating in over 96 European cities. London’s mayor Sadiq Khan supported the TFL’s decision, which cited the firm’s approach to reporting criminal… Please follow and like us:

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If Google invests in Lyft, what does that mean for Uber?

SAN FRANCISCO — Uber was the indisputable No. 1 player in the domestic on-demand transportation industry. And by its workforce size, passenger count and capital raised, it still is. But reports on Thursday from Bloomberg and Axios that Google’s parent company, Alphabet, is mulling a $1 billion investment in Uber’s archrival, Lyft, suggest that Uber’s ongoing… Please follow and like us:

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Domino’s, Ford to test driverless pizza delivery

ANN ARBOR, Mich. — Soon, the pizza you order from Domino’s might show up in a Ford Fusion hybrid without a driver. Domino’s and Ford will begin testing the concept Wednesday in Ann Arbor, where Domino’s is based, to see whether customers like the idea of driverless-car delivery or stumble over what amounts to a self-serve… Please follow and like us:

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Is the Silicon Valley Bubble About To Pop?

This article was originally published on The Conversation. Read the original article. As Facebook’s shares hit a record high, CEO Mark Zuckerburg will be patting himself on the back for bucking the trend and outperforming financial projections for eight consecutive quarters. Meanwhile, many of his competitors are worried—and they should be. While Evan Spiegel, 27-year-old CEO… Please follow and like us:

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