Hints and tips:
...In suspending the company’s driverless cars from the roads, the regulator accused Cruise of having “misrepresented” details of the accident....
...The start-up’s headquarters are at Moffett airfield in the San Francisco Bay Area, a Nasa-owned facility a short drive from Google’s headquarters that the US space agency began leasing to the tech company...
...Prashanthi Raman, vice-president of global government affairs at Cruise, called the decision a “historic industry milestone” that would put the company in a position “to compete with traditional ridehail...
...In 2018, for example, it banned electric scooter companies from operating without permits. It has stopped rideshare companies from driving along parts of the central Market Street....
...More than a decade ago, when engineers were first demonstrating that self-driving cars could confidently merge with traffic up and down the Bay Area, Google co-founder Larry Page surmised: “If this business...
...Former Elliott investor Leo Markel and ex-ValueAct investor Daniel Urdaneta have launched a new London-based fund called Finch Bay Capital, per Reuters....
...Bids have reached the second round; Winslow said the Bay Area franchise’s expansion fee is “the benchmark from here”. Is the league profitable?...
...In all, the company’s moonshot projects have racked up losses of $33bn since 2015....
...But for many of the biggest companies in the world, driverless vehicles are still inevitable....
...This company shares a Russian director with “Velada LLC”, which was granted a concession by the Assad regime in Syria to explore for oil and gas....
...Kyle Vogt, co-founder and chief executive of Cruise, talks of scale as the company’s focus. Cruise says that by 2025, revenues should hit $1bn....
Venture capital fundraising hit a record-high. Now, the bonanza is over. What does that mean for the future of start-ups?
...In a letter to investors, it admitted to having overestimated the power of technology to keep inflationary forces in the economy at bay....
...companies in the San Francisco Bay Area had increased 31 per cent compared with 2021, with “large tenants” seeking to control entire buildings — though on more flexible terms than sought previously....
...Membership dues are calculated according to companies’ size, based on revenue....
Is China’s rapid advancement in technology driven by theft of US trade secrets?
What brought the FBI to arrest a Chinese-American scientist in the middle of the night?
...Companies taking the opportunity to reduce office space are in effect outsourcing rental and utility bills to workers....
...potential to scale up in the Bay Area....
...According to data from the US Postal Service, the number of people moving out of the Bay Area is back to pre-pandemic levels. Big Tech wants its workers back where it can see them....
...It’s not just the Bay Area either....
...It said a fund worth $10bn could be used to purchase a 2 per cent stake in the Chinese internet company ByteDance, the owner of TikTok, without investing in any other companies....
...Raised in the Chicago suburbs, the son of a restaurant owner, he wound up in the Bay Area almost by accident....
...But experience should teach us caution about what big tech companies have in mind when they ask to scan our living rooms....
International Edition