Uber's Self-Driving Unit Valued at $7.25 Billion in New Investment

Uber's autonomous vehicle unit has raised $1 billion from a consortium of investors including SoftBank Group, giving the company a much-needed funding boost for its pricey self-driving ambitions.

from NDTV Gadgets - Latest http://bit.ly/2Pi8qlt
via

Comments

Post a Comment

Popular posts from this blog

India’s Upcoming Digital Personal Data Protection Bill: Ten Things to Know About the Proposed Legislation

India's much awaited data protection law is expected to come into effect between July and August this year. The regulation is aimed at reforming the tech-reliant relationship between consumers and the market. Rajeev Chandrasekhar, the Minister of State for Electronics and Information Technology has claimed that these ‘behavioural changes' in India's technology sector will secure the user data collected from Indians within the nation, while helping technology firms operate in the country in compliance with the law. During the recent India Fintech Conclave (IFC), Chandrasekhar said that the upcoming data protection bill willl change the way that people's personal data is being harvested by companies and social networking platforms in present day. “The days that anonymised personal data will be stored for many years and learning models be created on top of that, will also certainly, will have to be replaced by something that is more instantaneous in terms of learning and
Read more

Amazon Plans to Launch Its First Internet Satellites in 2024 to Rival Elon Musk's SpaceX, Others

Amazon.com plans to launch its first internet satellites to space in the first half of 2024 and offer initial commercial tests shortly after, the company said Tuesday, as it prepares to vie with Elon Musk's SpaceX and others to provide broadband internet globally. Amazon's satellite internet unit, Project Kuiper , will begin mass-producing the satellites later this year, the company said. Those will be the first of over 3,000 satellites the technology giant plans to launch in low-Earth orbit in the next few years. "We'll definitely be beta testing with commercial customers in 2024," Dave Limp, senior vice president of Amazon devices, said at a conference in Washington. The 2024 deployment target would keep Amazon on track to fulfill a regulatory mandate to launch half its entire Kuiper network of 3,236 satellites by 2026. Limp, who oversees Amazon's consumer devices powerhouse, said the company plans to make "three to five" satellites a day to re
Read more