Blasting the Alphabet Inc unit’s claim that it profited from stolen files in the race to roll out the first driverless car, Uber Technologies Inc said that its self-driving sensor technology was “fundamentally different” from Waymo’s. despite Waymo’s claim that its former executive, Anthony Levandowski, stole them before joining Uber, the car rental company said…
In what is being considered to be the latest blow for two firms already struggling in key markets, engine issues have forced Hyundai Motor Co and Kia Motors Corp to plan to recall 1.48 million vehicles in the United States, Canada and South Korea. At a time when Hyundai and Kia face a sharp drop…
Becoming part of the “gig economy” where freelance work is transforming the traditional job market in step with advances in technology, Sydney resident Rosalina Kariotakis was among the first drivers to sign up when ride-hailing company Uber started in 2014. For individuals who are seeking greater flexibility for less security – many of them are…
Calling it “very challenging” in remarks to a Senate panel, the general who commands America’s nuclear arsenal issued a warning about North Korean missile advances. Frustration about the lengthy delays and budget instability that he said are hindering the ability to modernize the nation’s nuclear deterrence capabilities, was expressed at the same time by Gen.…
Japan and the U.S. are coordinating to prevent the Chinese from acquiring it. The Japanese government and the Trump administration are coordinating to ensure that Toshiba Corp’s Westinghouse Electric Co bankruptcy does not lead to U.S. technology secrets and infrastructure falling into the hands of Chinese. Last month, Toshiba’s Westinghouse had filed a bankruptcy having…
There is a significant rise from its last funding round which had valued the company at $5.5 billion. In a major milestone for Lyft Inc, in the latest funding round of the ride services company, it has mopped up at least $500 million thus bringing about its valuation to $7.5 billion, said a source close…
Here is how Ford aims to strategically capture China’s burgeoning vehicle market. Ford Motor Co has disclosed in 2018, it plans on launching a new plug-in hybrid car in China followed by the launch of an electric sport-utility vehicle to China in the next five years. Ford plans on electrifying its entire vehicle lineup. In…
The results of a study done by PricewaterhouseCoopers is an eye opener. No wonder BlackRock’s Larry Fink is focused on emerging financial technologies. As per the results of a new study done by PricewaterhouseCoopers, large financial institutions across the world could lose 24% of their total revenues to advances made by financial technology companies in…
The move underscores BlackRock’s drive towards technologically backed investment decisions. The world’s largest asset manager, BlackRock Inc, has disclosed that Chuck Robbins, Cisco Systems Inc’s Chief Executive has been nominated to serve on its board of directors. In its statement BlackRock disclosed that Robbins will be joining the board as an independent director, if elected…
The Galaxy S8 has the potential to beat the sales record of its predecessor. Samsung’s chip division is all set to propel the South Korean tech giant to new heights for its first quarters in 2017. The quarter could potentially turn out to be sweeter than expected if its flagship, Galaxy S8, turns out…
