The San Francisco-Bay Area did a remarkable job of rebounding from the 2008 Recession: The region has since added 640,000 new jobs, and its unemployment rate hovers around three percent. But as you've probably heard, the area's housing supply hasn't kept up with its population growth, and neither has its public transportation. A 2017 report found that 75 percent of Bay Area commuters drive to work, and only 28 percent of new office developments are accessible by regional transit. A state bill introduced earlier this year hopes to replenish the housing supply and encourage more drivers to ditch their cars for trains and buses--and it has sparked a fierce debate among urban planners, city leaders, and environmentalists up and down the coast. SB 827 would allow developers to bypass nearly all local zoning requirements within a half mile of a major transit stop, and build multi-family housing between 4-8 stories high with no parking space requirements.
SANTA CLARA, Calif., and JERUSALEM, Aug. 8, 2017 -- Intel Corporation (NASDAQ: INTC) and Mobileye N.V. (NYSE: MBLY) today announced the completion of Intel's tender offer for outstanding ordinary shares of Mobileye, a global leader in the development of computer vision and machine learning, data analysis, localization and mapping for advanced driver assistance systems and autonomous driving. The acquisition is expected to accelerate innovation for the automotive industry and positions Intel as a leading technology provider in the fast-growing market for highly and fully autonomous vehicles. The combination of Intel and Mobileye will allow Mobileye's leading computer vision expertise (the "eyes") to complement Intel's high-performance computing and connectivity expertise (the "brains") to create automated driving solutions from cloud to car. Intel estimates the vehicle systems, data and services market opportunity to be up to $70 billion by 2030. "With Mobileye, Intel emerges as a leader in creating the technology foundation that the automotive industry needs for an autonomous future," said Intel CEO Brian Krzanich.
Digital technologies like the internet and smartphones are transforming our lives and society. They are proving to be powerful tools for liberating individuals' creative and entrepreneurial potential, as well as providing new educational opportunities and higher wages for marginalized people, both in the U.S. and around the globe. Unfortunately, in the U.S., outdated government regulations and weak consumer protections are undermining these opportunities. What's more, the Trump administration has not yet made significant moves to address this growing crisis: As of this writing, five key White House positions are vacant, without even acting directors or interim leaders to help the executive branch formulate U.S. science and technology policy. As the founder of both the Open Technology Institute and the X-Lab policy and innovation organization, I have spent years at the heart of many Washington, D.C. battles over technology policy, fighting for ideas that would best serve American workers and the general public.
SITTING IN AN office in San Francisco, Igor Barani calls up some medical scans on his screen. He is the chief executive of Enlitic, one of a host of startups applying deep learning to medicine, starting with the analysis of images such as X-rays and CT scans. It is an obvious use of the technology. Deep learning is renowned for its superhuman prowess at certain forms of image recognition; there are large sets of labelled training data to crunch; and there is tremendous potential to make health care more accurate and efficient. Dr Barani (who used to be an oncologist) points to some CT scans of a patient's lungs, taken from three different angles.
Stocks are falling in early trading Monday, led by declines in utilities and real estate companies. Seven of the 11 sectors of the Standard and Poor's 500 index are lower. Janus Capital surged after announcing it is merging with another investment company. The Dow Jones industrial average fell 65 points, or 0.4%, to 18,243 at 8:03 a.m. The S&P 500 lost 7 points, or 0.3%, to 2,161.