After opening at $40.25, the stock stumbled, slipping about 20%. But it regained much of its loss to close at $40. "I guess it was a rough awakening to life as a public company for a few hours, but we are optimistic," Chief Financial Officer Pat Dillon said. Top news and in-depth analysis on the world of logistics, from supply chain to transport and technology. Chief Executive Cheng Lu said the company is planning to conduct a "driver-out" pilot program without anyone at the wheel in the fourth quarter on a roughly 100-mile run between Tucson and Phoenix. The company has a fleet of 50 trucks it is testing in the U.S. Southwest and approximately 20 more in China, running with two people in the cab.
WASHINGTON--Legislation with bipartisan support in Congress would expand the role of the National Science Foundation and provide up to $200 billion in tech and related research funding to meet what backers say is a growing threat from China. The centerpiece of the package is a bill that would rename the federal government's science agency as the National Science and Technology Foundation, and authorize it to spend $100 billion over five years for research into artificial intelligence and machine learning, robotics, high-performance computing and other advanced technologies. An additional $10 billion would be authorized for the Commerce Department to designate at least 10 regional technology hubs for research, development and manufacturing of key technologies. Additional funding would likely be made available for domestic semiconductor manufacturing and other tech-related supply-chain proposals. The Endless Frontier Act got a hearing before the Senate Commerce Committee on Wednesday, drawing support from Republicans and Democrats.
Microsoft Corp.'s $16 billion deal for Nuance Communications Inc. is the latest sign that the next battleground for technology giants will be in healthcare, an industry whose need to embrace data and software was underscored by the pandemic. The acquisition will help Microsoft tap into Nuance's big business selling its software to healthcare systems, according to analysts and healthcare executives. Speech-recognition software like that developed by Nuance is emerging as an important new opportunity in medicine as doctors seek to speed up documentation of patient work with dictation rather than getting bogged down taking notes, executives said. "This coming together is about empowering healthcare," Satya Nadella, Microsoft's chief executive, said in an investor call. "It's now very clear that healthcare organizations that accelerate their digital investments can improve patient outcomes and reduce cost at scale."
Government regulations and new privacy rules instituted by Apple Inc. and Alphabet Inc.'s Google will limit the ability of advertisers, publishers and tech companies to track users and target ads based on identifiable data. Going forward, marketers will have to revamp their data strategies, while adtech vendors and other companies are hurrying to find alternative ways to reach consumers. One such alternative is contextual advertising: targeting ads by placing them close to relevant content. GumGum uses computer-vision and natural-language processing technologies to scan and analyze text, images, video and audio to help match ads to content. CMO Today delivers the most important news of the day for media and marketing professionals.
"Investors for the most part are familiar with whistleblowing systems and protections and really prize whistleblower protections because, at the end of the day, they do protect long-term investors like Trillium," said Jonas Kron, the firm's chief advocacy officer. The Boston-based firm's proposal, which was submitted in December and could be voted on during Alphabet's shareholder meeting this year, cited several examples of alleged retaliation against workers, saying the incidents were red flags about potential internal problems related to culture, ethics and human rights. Trillium's proposal calls for the company to make the report public. Our Morning Risk Report features insights and news on governance, risk and compliance. A spokeswoman for Alphabet declined to comment.
It was a windfall for online proctoring companies, but thrust the pitfalls of the practice into the spotlight. Being watched by a faceless stranger or artificial intelligence provokes anxiety or worse, according to some students and teachers. Educators and privacy advocates raised concerns about the software's efficacy, invasiveness and potential to discriminate against some disabled candidates. Online proctoring companies are now updating their user experiences, partly to address some of the critiques. "In 2020 we were like a train going 100 miles an hour, and we couldn't stop it," said Proctorio Inc. founder and chief executive Mike Olsen, noting that the number of exams proctored by the company in April 2020 rose 900% from a year earlier.
Chatbots will be more proactive, says Zor Gorelov, chief executive of Kasisto, a company creating conversational AI for banking and finance clients. They'll be able to anticipate individuals' needs and offer advice before users even ask a question, though there is still a long way to go before many of these features become a reality. Instead of pointing you to a resource such as a phone line or FAQ page, chatbots could one day be resources themselves, able to offer highly personalized responses to individual questions and scenarios. A look at how innovation and technology are transforming the way we live, work and play. Daria Zabój, product marketer at ChatBot, an AI software developer, says chatbots will be able to analyze investment questions, such as whether to invest in gold or bitcoin, in real time.
Data from a 2019 hack of Facebook Inc. was made public in recent days, revealing the phone numbers and personal information of more than a half-billion people. While the data came from a vulnerability of Facebook platforms that the company says it has since fixed, security experts say that scammers could use the information for nefarious purposes like spam email and robocalling. Regulators in Europe have asked Facebook for more details about the data leak. Facebook said Tuesday in a blog post that the data leak reflects the ongoing need to police actions of bad actors on its platform. Here is what you need to know.
At the park, on a boat, or in a cabin in the woods, the Sonos Roam doesn't behave much differently than your average portable speaker. It can play audio over Bluetooth. It'll survive a tumble on the ground--and even a short dip in the pool. But when you bring this new $169 speaker home, you won't store it away with other just-for-the-outdoors gear. You'll want to keep it turned on, because the Sonos Roam can work seamlessly with your at-home audio setup, too.
That's where Hitachi hopes to employ GlobalLogic's engineering know-how in manufacturing, energy and other sectors to expand further outside Japan, said Gajen Kandiah, chief executive of Hitachi Vantara, the firm's digital infrastructure segment. "Unfortunately, you only hear about a small group of companies that are maximizing data," he said. "You don't hear about the 99% that isn't." The Morning Download delivers daily insights and news on business technology from the CIO Journal team. Digital services and the data analytics that power them have been a competitive advantage for many companies during the pandemic, with global supply chains upended and employees and customers interacting virtually.