NEW YORK – Uber is eyeing a valuation above $100 billion for its much-anticipated share offering due in 2019, which would be the biggest-ever in the tech sector, sources familiar with the plan said Tuesday. The sources told AFP the global ride-sharing giant is considering speeding up its plans for an initial public offering (IPO) to the first half of 2019, rather than the second half of the year. Uber, which operates in over 60 countries, is already the largest of the venture-backed "unicorns" valued at more than $1 billion, which until recently was considered rare without tapping stock markets. Its most recent investment -- a $500 million injection from Japanese auto giant Toyota -- was made at a reported valuation of $72 billion. Earlier Tuesday, the Wall Street Journal reported that bankers were proposing a valuation as high as $120 billion for Uber, which has been a disruptive force in many cities where regulators and taxi operators have challenged its business model.
The Idaho-based memory chip maker launched a corporate venture capital program more than a decade ago, but its investments until now had been "very sporadic" and "very close to our core business" of making chips, Sumit Sadana, Micron's chief business officer, told Reuters. The existing venture operation's returns have been solid, but the company believes it can ultimately sell more memory chips by expanding its involvement in artificial intelligence because the field deals with huge amounts of data that need to be stored on its products, he said at Micron's first artificial intelligence conference in San Francisco where it announced the move. Few of Micron's previous investments were ever publicly disclosed. The newly earmarked funds will be invested in both hardware and software startups working on artificial intelligence, Sadana said. Micron has a particular interest in investing in self-driving car technology, augmented and virtual reality, and the technology for automating factories, he said, because the firm already has businesses in those areas.
When we think of ancient Greece we generally imagine ruthless highly-trained warriors or cloth clad philosophers pondering the schematics and perimeters of geometry, geography, architecture and the like. But a new book is about to present them as "skilled forecasters, accurately predicting the rise of artificial intelligence, killer androids and driverless cars." More than 2,500 years ago, Greek mythologists, according to American historian Dr Adrienne Mayor of Stanford University, "envisioned many of the technology trends we grapple with today including Killer androids, driverless technology, GPS and AI-powered helper robots." According to an article about Mayors finding in Greek Reporter, in her forthcoming book Gods and Robots: Myths, Machines, and Ancient Dreams of Technology the creations of Hephaestus, the god of metalworking and an invention in Homer's Iliad, were "predictions of the rise of humanoid robots." Dr Mayor, who according to the Stanford University website is an independent folklorist/historian of science investigating natural knowledge contained in pre-scientific myths and oral traditions, claims Hephaestus crafted'mechanical maid's from gold that were designed to anticipate their master's requests and act on them without instruction, much like modern machine learning software.
The system will advance, smart connected and data-centric systems for ship owners, operators, cargo owners and ports. In doing so, it will bring together the expertise in advanced technology from Rolls-Royce with system engineering components from Intel. A big focus of the initiative will be safety, and new ships will be equipped with the same technology that can be found in smart cities, autonomous cars and drones. It will have data centre and artificial intelligence (AI) capabilities, as well as cutting edge computing techniques that will manage navigation, obstacle detection and communications. Kevin Daffey, Director, Engineering and Technology and Ship Intelligence commented: "We're delighted to sign this agreement with Intel, and look forward to working together on developing exciting new technologies and products, which will play a big part in enabling the safe operation of autonomous ships. "This collaboration can help us to support ship owners in the automation of their navigation and operations, reducing the opportunity for human error and allowing crews to focus on more valuable tasks.
The bank presentations show Uber gathering momentum toward an IPO that is among the most hotly anticipated on Wall Street and Silicon Valley and could come sooner than expected as the new-issue market sizzles. Founded in 2009 and sustained by an ample supply of private capital, Uber is seen as a bellwether for a crop of highly valued startups that have delayed tapping the public markets. Its expected debut comes as rival Lyft gears up for an IPO on a similar time frame. Note: Figures as of Monday close. Over the past year, Uber has labored through a series of scandals, from claims of workplace sexual harassment to the alleged theft of trade secrets from rival Alphabet Inc., and the ouster of co-founder Travis Kalanick.
Companies that provide specialized tools for debugging have often struggled to get developers to actively use the tools. Often, a developer will use such a debugging tool in a very rudimentary manner and avoid going to the effort to get into any more advanced debugging features. This lack of exploring those other debugging features might be due to a lack of awareness of what advantages they provide. There is also the aspect that no one is necessarily urging them to dive more deeply into being skilled at debugging. Most development managers assume it is just something that ripens as you get longer in the tooth in terms of developing more and more kinds of systems.
Tech analyst firm Gartner has compiled a list of the top ten strategic technology trends that organisations need to explore in 2019. According to Garner, these technologies have substantial disruptive potential and are either on the edge of making a big impact, or could reach a tipping point in the next five years. Some of these trends will be combined: "Artificial intelligence (AI) in the form of automated things and augmented intelligence is being used together with the Internet of Things (IoT), edge computing and digital twins to deliver highly integrated smart spaces," explained Garner vice-president David Cearley. The analyst firm's top 10 strategic technology trends for 2019 include: This includes robots, drones and autonomous vehicles that use AI to automate functions previously performed by humans. The next shift is likely to be from standalone intelligent things to swarms of collaborative devices working either independently or with human input, Gartner predicts.
"Once a new technology rolls over you, if you're not part of the steamroller, you're part of the road." Some technologies fizz out over a period of time while some stay on the sidelines and then gain traction after startups, SMEs, and other MNCs fund it or integrate it in their operations. Regardless of changing trends, technology is inevitable. As time passes by, technology gets more and more advanced and pervades every facet of our lives from the way we live to the way we work. Driverless electric cars, AR and VR technology, and robot surgeons are some talk of the town technologies that have created a revolution that will grow for as long as humans continue to advance in their capabilities.
Deliveries of the future could land on your doorstep in robo-pods if a concept design unveiled by French automaker Renault comes to fruition. Its EZ-PRO electric vehicle is a fully customisable, automated lightweight van designed to overcome the last mile delivery problem faced by online retailers and others. The all-electric carriage could also serve as a versatile vehicle for customers as well. Fleets of the driverless pods can serve as everything from a coffee truck, to a delivery van and can either follow each other by'platooning' in a chain or can move independently of one another. The leader pod will house a human concierge in-charge of supervising the delivery of goods and the fleet following behind the pod.
Hagerty, the largest insurer of classic cars, wants to save driving as more automakers push to bring self-driving cars to the roads in the future. McKeel Hagerty stands with his 1967 Porsche 911S which he bought for $500 when he was 13 and restored it in the garage with his Dad. It was his first car and he still owns it 37 years later. Car enthusiast McKeel Hagerty's future changed in March 2017. He was at a car event in Vancouver, British Columbia, when a stranger involved in developing self-driving cars took Hagerty by the elbow, looked him in the eye, and laid forth the future.