Waymo, formerly known as the Google self-driving car project, is preparing to roll out more than 62,000 autonomous Chrysler Pacifica hybrid minivans. The mobility services company is expanding its partnership with Fiat Chrysler in a deal that may include licensing Waymo’s technology and services so they can be incorporated in FCA vehicles. “FCA is committed […]
Read moreSYDNEY, Australia — Amazon’s decision to deny Australians access to its main website has set off a backlash in the country, with customers complaining they may face big price increases and a loss of access to sorely needed products. The e-commerce giant made the move, which it announced on Thursday, in response to changes to […]
Read moreWarren Buffett told CNBC on Wednesday that it was true his Berkshire Hathaway considered investing in the privately held ride-hailing company Uber earlier this year, but he wasn’t always so enthusiastic about the sharing economy. During Berkshire’s 2014 annual meeting, Buffett handled a question about whether the disruptive business model used by Airbnb and Uber […]
Read moreIt’s been quite a month for @Jack. Twitter, which Jack Dorsey co-founded in 2006, has jumped 14 percent in May, a month in which the S&P 500 has gained just 2.6 percent. Square, the payments company that Dorsey launched three years later, has performed even better, surging nearly 24 percent for the month to a […]
Read moreOne Wall Street firm disagrees with Elon Musk’s view on Tesla’s funding requirements. UBS reaffirmed its sell rating for Tesla shares, predicting the company will need to raise capital by year-end. In April Tesla said in a statement it did not require an additional capital raise this year apart from credit lines. Later that month […]
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Amazon founder Jeff Bezos‘ personal ownership of The Washington Post makes him a “lightning rod” for attacks by President Donald Trump, internet analyst Michael Graham told CNBC on Thursday. “It’s probably not the greatest thing for Amazon shareholders” for Bezos to own the paper, said Graham, who covers Amazon at financial firm Canaccord Genuity. “It […]
Read moreThe price of oil was in free fall and a youthful population restive. So the government of Saudi Arabia turned in recent years to the parent company of the political data firm Cambridge Analytica for help, according to Western consultants who worked in the kingdom, company executives and a review of public documents. The work […]
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Researchers at MIT’s Computer Science and Artificial Intelligence Laboratory (CSAIL) and the Senseable City Lab in the Department of Urban Studies and Planning (DUSP) have designed a fleet of 3D-printed autonomous boats. In the future, the driverless boats could eventually taxi people and deliver goods. The four-by-two meter boat can be printed in about 60 […]
Read moreGeneral Motors said Thursday SoftBank Vision Fund plans to invest $2.25 billion in GM Cruise Holdings, further boosting the automaker’s efforts with autonomous vehicle technology. The news sent GM shares soaring premarket trading, rising more than 8 percent. GM also will make a $1.1 billion investment in GM Cruise once the deal has closed. The […]
Read moreOne top Wall Street firm is getting less bullish on Micron after the stock’s stunning performance so far this year. Morgan Stanley lowered its rating to equal-weight from overweight for the chipmaker, citing the company’s fully priced valuation. “After being bullish on memory for the last two years, we are moving to a neutral stance. […]
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