SAN FRANCISCO – Speaking at a conference in San Francisco, Uber Chief Executive Officer Dara Khosrowshahi rattled through the company's ambitions: food delivery, freight, autonomous vehicles and even buses and bikes. Ultimately, Uber Technologies Inc.'s business is getting people from "point A to p...
Tesla, Inc. announced its financial results for the fourth quarter of 2017, as well as for the financial year 2017 Wednesday evening, after markets closed. While the company posted its highest quarterly revenue yet, and a smaller than expected loss, it also quietly delayed the delivery of its mass-m...
Uber executives are travelling the globe to reassure regulators that the company is changing the way it does business. As Laura Frykberg reports, it follows a string of controversies that have hurt the ride-hailing firm's reputation. A group led by Japanese technology conglomerate Softbank has acquired a major stake in Uber. In a tender offer that expired Thursday, Dec. 28, SoftBank acquired a 15 percent stake in Uber while the remaining members got about 3 percent, according to a person familiar with the situation who was not authorized to publicly discuss details. (Photo: Eric Risberg, AP) SAN FRANCISCO -- There's a big trial starting Monday between two companies you've heard of -- Uber and Waymo, the autonomous car company owned by Google-parent Alphabet. But their brawl is over a topic you might not be familiar with: the technology inside a little spinning eyeball on the top of a self-driving car's roof.
Google's parent company Alphabet has reported lower than expected profits in the last three months of 2017 after higher costs offset an increase in advertising sales. Revenue for the three months ending December 31 was $32.3 billion (£22.6bn), a rise of 24% on the same period in 2016. Overall, Alphabet reported a loss of $3 billion (£2.1bn) for the fourth quarter as it set aside $11 billion for taxes - an estimated $9.9 billion (£6.9bn) was for taxes on repatriated earnings. Excluding the tax provision, Alphabet would have posted a profit of $6.8 billion (£4.7bn), falling short of the $7 billion analysts had predicted. The tech giant's shares slid 2.3 per cent in after-hours trade on the results, highlighting concerns about the rising costs of projects such as the Waymo's self-driving car service, and the fact that profits were weaker than expected.
Hey Alexa, you're not the only one getting the holiday love. The holidays were good to Google's parent company, Alphabet, because of hardware products like Google Home, an Alexa competitor, execs said during a fourth-quarter earnings call Thursday. During the call, Ruth Porat, CFO of Alphabet, and Google CEO Sundar Pichai boasted that revenue was up 24 percent to $32.3 billion for the final quarter. However, Google's per-share earnings still fell below Wall Street expectations, partially because of a new tax on foreign assets that hit Google like a $9.9 billion brick. Pichai praised the voice-enabled Google Assistant for bringing the company's machine learning goals to more people.
Waymo, Alphabet's self-driving car unit, is set to buy thousands more Chrysler Pacifica hybrid minivans, the companies announced today. The deal, made between Google's parent company Alphabet and Fiat Chrysler Automobiles, is set to expand Waymo's fleet, with first deliveries beginning at the end of 2018. The self-driving, ride-hailing service says the additional vehicles will support Waymo as it expands to more cities across the US, with its first publicly-offered service set to launch in Phoenix, Arizona later this year. Waymo recently unveiled a self-driving minivan that it hopes could revolutionise the way we travel. It showed off the technology at the closely-guarded'fake town' dubbed The Castle, 120 miles southeast of San Francisco The number of purchased vehicles has not been disclosed by either party, nor has the value of the deal, but since Fiat Chrysler's recommended starting retail price for the 2018 Fiat Chrysler hybrid is set at $39,995, and if Waymo's order is in the 1000s, the deal is worth at least $40 million.
Elon Musk has spent $72 million on homes in California. His most recent mansion was more than $24 million. Tesla founder and CEO Elon Musk presents the new Roadster electric sports vehicle to the media on Nov. 16, 2017 at the electric car maker's Los Angeles design center. Tesla has installed a new compensation plan for CEO Elon Musk that would reward him handsomely if he can build the electric vehicle automaker into "one of the most valuable companies in the world." The plan -- delivered with Tesla's characteristic rhetorical flair for bucking corporate conventions -- would provide tens of billions in compensation to Musk if the company achieves its financial goals.
A Culver City firefighting truck was hit by a Tesla on Monday morning, reports stated. The crash occurred while the crew was responding to an accident on the 405 freeway in Washington Boulevard, CBS Local reported. According to the authorities, the Tesla Model S was on autopilot mode when it crashed into the back of a parked fire truck which was attending the scene of the accident. No injuries were reported in the crash. The Culver City firefighting department confirmed the crash on Twitter.
The automobile is entering an important period of changes. As proof, at this year's Consumer Electronics Show in Las Vegas, Hyundai is displaying a vehicle boasting three solutions that all have a chance to become reality within the next few years. That vehicle is called NEXO. First of all, a technology that should still need some time before becoming widely available in Canada, fuel cells. Hyundai, who already showed off the Tucson FCEV in various auto shows and set up a pilot project in British Columbia, has announced that it has enhanced this technology.