U.S. spending bills allocates upto $100 million for R&D into autonomous vehicles and its impact on the traditional transportation job market

With companies racing to place their autonomous automated smart vehicles on the U.S. market from 2019, this funding program aims to assess the impact, including the feasibility, safety and potential job losses, these technologies will bring about for commercial autonomous vehicles. In a significant development, a U.S. spending bill includes a $100 million for a…

Cambridge Analytica’s data practice puts Facebook in a spot

It is very likely that the way social media giants, including Facebook, collect and use user data is going to be scrutinized under a microscope. British privacy regulators are now zeroing in on the offices of the political consultancy Cambridge Analytica with a search warrant following reports that the company may have improperly gained access…

Chinese electric vehicle startup Nio preparing for $2 billion U.S. IPO: Sources

Nio has hired 8 banks for the planned U.S. IPO. According to sources with knowledge of the matter, Nio, a Chinese electric vehicle startup has hired 8 banks, including Goldman Sachs and Morgan Stanley for its planned U.S. stock market listing this year, worth up to $2 billion. The eight banks are, JPMorgan, Goldman Sachs,…

Low cost Chinese drones steadily chipping away at U.S. and Israeli military dominance in military drones market

Although Chinese military drones look suspiciously similar to U.S. and Israeli ones, drone makers are confident that customers will continue to prefer a reliable strike platform rather than a cheap unreliable ones. A predicted rise in demand for military drones from regions in Asia, the military drone market is gradually leaning towards Chinese drone makers…

A modular, cost-effective approach to LNG export terminals projected to place the U.S. as the second biggest exporter of LNG in the world

While legacy train designs have proven themselves in the past, smarter, newer LNG terminals are likely to change the market dynamics and bring in more elasticity and adaptability to contracts in changing market conditions in the near future. Terminals for liquefied natural gas that ship and receive the fuel are undergoing a technological revolution. The…

BP Plc invests $5 million in U.S. mobile electric vehicle charging firm FreeWire

Petroleum giants, whose business model earlier revolved around fossil fuels, are increasingly diversifying into cleaner technologies with consumers preferring electric vehicles to their dirty polluting gas guzzling cousins. BP Plc disclosed it has invested $5 million in FreeWire, a U.S. mobile electric vehicle charging company. Demand for cleaner vehicles are expected to soar in the…