Many large cities (Seoul, Tokyo, Shenzhen, Singapore, Dubai, London, San Francisco) serve as test beds for autonomous vehicle trials in a competitive race to develop "self-driving" cars. Automated ports and warehouses are also increasingly automated and robotised. Testing of delivery robots and drones is gathering pace beyond the warehouse gates. Automated control systems are monitoring, regulating and optimising traffic flows. Automated vertical farms are innovating production of food in "non-agricultural" urban areas around the world.
The increase AI will leave millions of Americans unemployed in the next coming years, reveals a new report from the White House. Dubai police launch AI that can spot crimes BEFORE they... What humans will look like in 100 years: Expert reveals the... How an'emotional hangover' shapes your memory: Effects of... Tesla and Panasonic join forces to begin solar panel... Dubai police launch AI that can spot crimes BEFORE they... What humans will look like in 100 years: Expert reveals the... How an'emotional hangover' shapes your memory: Effects of... Tesla and Panasonic join forces to begin solar panel... The White House report cites a 2013 study from Oxford University that says a whopping 47 percent of jobs are at risk.Softbank's humanoid robot Pepper (pictured) introduces Nestle's coffee machines at an electric shop in Tokyo However, the report suggests AI could improve the country's productivity growth, which would result in higher wages and fewer work hours. YOU'RE AT MORE RISK IF YOU MAKE LESS THAN $20 AN HOUR Hero dog saves his injured'girlfriend' on deadly railway track Fox Valley Mall forced to close as huge brawl breaks out Chaos as people rush out of NJ mall after reports of gunshots Adorable puppy is constantly bumped on the head by playful kitten CAT ATTACK: Pet pounces on man as he opens Christmas present Just beautiful! Kaylee Rodgers stuns internet singing Hallelujah Grizzly bear attacks TV woman who recklessly tries to stroke it President-elect Donald Trump cheered as he attends church Father posts awkward video invitation to his daughter's Quinceañera Mayhem outside Fox Valley Mall as police make several arrests Prince William & Duchess of Cambridge arrive at church service Ten-year-old girl's emotional reaction to puppy surprise!
Companies in the world have been competing to develop the first flying car or vertical take-off and landing (VTOL) vehicles. Uber Technologies Inc [UBER.UL] announced its plan to deploy its flying taxi service by 2020 in Dallas-Fort Worth, Texas, and Dubai. Airbus Group is also working on developing its flying car under its division called Urban Air Mobility.
Uber's flying taxi service was supposed to debut in Dallas, Los Angeles and Dubai, but its deal with the emirate fizzled out before tests could even begin. It still wants to trial UberAir outside the country, though, so it launched a search for a third test city in May. Now, the company has announced that it has narrowed down its choices for the third spot to five countries: Australia, Brazil, France, India and Japan. In particular, Uber seems to be considering Sydney or Melbourne, Rio de Janeiro or the state of São Paulo, Paris, Mumbai, Delhi or Bangalore, and Tokyo. On its website, Uber said that a good launch city has a population of over 2 million with a density of over 2,000 people per square mile, because those are the places that would benefit from an air taxi network the most.
In just under a year since the fund's launch, SoftBank CEO Masayoshi Son has identified target investments for more than half of the existing Vision Fund's promised capital, deploying billions of dollars at a pace that is transforming tech investment. The fund's portfolio includes stakes in semiconductor firms such as ARM Holdings PLC and Nvidia Corp. and office-share company WeWork Companies Inc. SoftBank also plans to have the fund absorb investments in ride-hailing companies like Uber Technologies Inc. and China's Didi Chuxing Technology Co. The scale of the Vision Fund, and the pace of its investing--its choices often driven by Mr. Son's gut--is compelling other funds such as Sequoia Capital to raise billions of dollars to better compete. Current investors--which include the sovereign-wealth funds of Saudi Arabia and Abu Dhabi and technology giants such as Apple Inc., Qualcomm Technologies Inc. and Foxconn Technology Group--are extremely happy with the fund's performance, he said, and institutional investors are also showing interest. SoftBank expects to close the fund with a total of $100 billion in committed investments by the end of May, The Journal earlier reported.