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Michigan Startup May Mobility Expands to a Third US City

1Oct By Gauri SinghNo Comments

USA

Michigan Startup May Mobility Expands to a Third US City

Michigan startup May Mobility which is an autonomous shuttle company has announced its plans to another US city that is Columbus, Ohio. The company has plans to add another route in Grand Rapids, Michigan. It’s an extensive and rapid boost for a company that was established less than two years ago. The startup has built low-speed autonomous shuttles that are designed to run along a specific route in business districts or corporate and college campuses. May Mobility stated that it will bring in four of its six-seat electric shuttles to Grand Rapids. The one-year pilot will begin in March 2019. "We're excited our first [autonomous] pilot is for moving multiple people. This is a step to show that Grand Rapids is ready for" autonomous vehicles, Naramore said. "When new technology come...

Tesla CEO Elon Musk Charged with Fraud by US Regulators

28Sep By Gauri SinghNo Comments

USA

Tesla CEO Elon Musk Charged with Fraud by US Regulators

The US Securities and Exchange Commission has charged Tesla CEO Elon Musk with securities fraud accusing him of misleading investors in tweets about taking the company private last month. It was in August that Musk tweeted about taking Tesla private. He also stated that he had raised funds for the same purpose. But, he never took the company private, instead continued with it being public. The SEC said Musk's statements on Twitter were "false and misleading" and that he had never discussed the plans with company officials or potential funders. However, Musk rejected the SEC's allegations, calling the charges baseless and swearing to defend himself. "This unjustified action by the SEC leaves me deeply saddened and disappointed," Musk said in a statement. "I have always taken action i...

Tesla to Build its own Car Carrier Trailers to Boost Deliveries

26Sep By Gauri SinghNo Comments

USA

Tesla to Build its own Car Carrier Trailers to Boost Deliveries

With an aim to accelerate deliveries, electric car maker Tesla has started manufacturing its own car carrier trailers as stated by CEO Elon Musk. The company is seeing a production of about 4,000 Model 3 vehicles per week. Also, it is witnessing an increase in delivery volume by a factor of 3-4 in some markets and therefore, logistics is becoming a bottleneck. "Shortages of railway cargo carriers, trucks, trailers and drivers are already common in the industry, but Tesla's sudden volume increase highlights the issue even more," a report stated. Tesla's delivery volume is increasing so much this week as the company is looking to end the quarter strong. The company is now facing a problem where they are running out of car carriers. As it is often the case with Tesla, they decided to com...

California-based Turo Expands its Services to the UK

25Sep By Gauri SinghNo Comments

USA

California-based Turo Expands its Services to the UK

California-based peer-to-peer car-sharing platform Turo is reportedly expanding its services to the UK, and his time, everyday car owners can actually use it. It was in 2016 that the company earlier expanded to the UK once but the services were only offered to small rental car companies under its commercial host program. However, this time anyone who owns or leases a 2008 model-year or newer vehicle can list it on the Turo app. All the vehicles rented by its pre-approved users are covered by the company’s insurance partner Allianz. The company since its launch has expanded services to markets like Canada and Germany. As of now, the firm has 8 million users. According to Turo CEO Andre Haddad, the UK is the company’s most-searched-for destination outside North America. “This makes ...

SparkLabs to Launch a Cybersecurity and Blockchain Program in the US

20Sep By Gauri SinghNo Comments

USA

SparkLabs to Launch a Cybersecurity and Blockchain Program in the US

Investment firm SparkLabs has announced that the company will be launching a cybersecurity and blockchain program in the US that’ll be located in Washington, D.C. from next year. The program will be led by former Startup Grind COO Brian Park and Mike Bott, who is ex-managing director of The Brandery accelerator. The program has been named as “SparkLabs Cybersecurity + Blockchain” and will kick off with an inaugural batch of companies in March next year. “We want to foster and grow a robust ecosystem in both cybersecurity and distributed ledger technologies. We believe these two verticals are synergetic by nature, but we will seek innovations beyond the overlap,” Park said in a statement. “It’s so early within this space that we are only seeing the Friendsters and MySpaces of the ...

Amazon Launches Amazon Go Checkout-free Store in Chicago

17Sep By Gauri SinghNo Comments

USA

Amazon Launches Amazon Go Checkout-free Store in Chicago

The retail major Amazon is all set to launch the next Amazon Go checkout-free store in Chicago. The new cashierless store will start operating today which is the first to open outside of Seattle. With this opening, the store will make use of proprietary technology made up of hundreds of cameras and sensors to see what customers have taken. The Just Walk Out tech allows customers to swipe in with their Amazon Go app, pick up what they want and walk out. When they leave, the items are automatically charged to the credit card on the account, without the need to talk to a cashier or swipe a barcode. This is really a convenient and time-saving method of shopping. With this move, the customers now won’t have to stand in the queue and wait for their turn to pay for their items. This hig...

Lehman Bankruptcy: 10 Years of The Biggest Fallout in Wall Street History

9Sep By No Comments

USA

Lehman Bankruptcy: 10 Years of The Biggest Fallout in Wall Street History

The moment was happened in September 2008 when the 150-year-old investment bank Lehman Brothers collapsed, precipitating the worst global economic crisis since the 1930s. After failing to find buyers for the troubled financial giant, that was weighed down by risky debt holdings made up of at sub-prime mortgages, U.S. authorities declined to offer a bailout and allowed the institution to fail. Monday, September 15, 2008, at 1:45 a.m., Lehman Brothers filed for bankruptcy, taking the world by surprise leaving well over $600 billion in debt, as well as 25,000 employees in shock. It was the biggest bankruptcy in American history. On Wall Street, the Dow Jones plunged 500 points, the largest drop since the attacks of September 11, 2001. Stunned traders streaming out of the building car...

PUBG Gaming Mobile App Crosses 3 Million Downloads in the US

8Sep By Gauri SinghNo Comments

USA

PUBG Gaming Mobile App Crosses 3 Million Downloads in the US

The mobile gaming era has been emerging with a great pace all across the globe. One of the most popular games these days that is PlayerUnknown's Battleground (PUBG) mobile that was launched by Tencent in March this year for Android and iOS users is touching heights of success. The mobile game has crossed the number of three million players in the United States. According to the reports, the majority of the PUBG mobile game downloads have come from the Android users. It was last month that the company announced that PUBG Mobile has achieved 100 million downloads on Android and iOS platforms both. The data reveals that the game reached a peak of 3.1 million US players, with 1.7 million from Android, that accounts for the majority of the downloads. Also, the data shows that over 30 perc...

Blood-Testing Company Theranos is Shutting Down

6Sep By Gauri SinghNo Comments

USA

Blood-Testing Company Theranos is Shutting Down

Health technology company Theranos based in California that was once known as a high flying blood-testing start-up accused of cheating and betraying its investors is reportedly shutting down. It is being stated that the company was not able to sell itself and is now looking to pay unsecured creditors its remaining cash of about $5 million in the coming months. A major portion of the employees already had their last day. Theranos tries to sell itself, but, unfortunately, nobody was willing to acquire a company that has been disgraced and lost its investors nearly $1 billion. This move has come three months after the company’s founder and CEO, Elizabeth Holmes, along with former chief operating officer Ramesh Balwani were charged with criminal fraud. They were accused of misleading ...

USA Accuses China of Using Fake LinkedIn Accounts

3Sep By Gauri SinghNo Comments

USA

USA Accuses China of Using Fake LinkedIn Accounts

The top spy catcher of the United States has announced that Chinese intelligence agencies are using fake LinkedIn accounts for the purpose of recruiting Americans with access to government and commercial secrets. They have stated that the company should shut them down. The U.S. counter-intelligence chief, William Evanina has accused China of using fake LinkedIn accounts to carry out the "super aggressive" spy campaign. He told that the Chinese campaign includes contacting thousands of LinkedIn members at a time. However, he refused to tell the number of fake accounts U.S. intelligence had discovered, the number of Americans may have been contacted and also the number of success China has had in the recruitment drive. "I recently saw that Twitter is cancelling, I don't know, millions of...

Snapchat Defeats Facebook’s & Instagram’s User Base in the USA

30Aug By Gauri SinghNo Comments

USA

Snapchat Defeats Facebook’s & Instagram’s User Base in the USA

With the tough fight among the social media giants including Facebook, Instagram, Snapchat etc, it has always been the primary motive of these companies to target the teenagers as most of the user base of the social media platforms comes from the teens. Though Instagram and Facebook have been prevailing in the market since a long time, Snapchat seems to grab more attention of the teenagers in the US. According to a study, the photo-messaging application Snapchat has proved to be the most preferred social networking platform among US teenagers, beating the user base of Facebook and Instagram in that age-category. According to a research done by market research company eMarketer, this year i.e in 2018, 16.4 million 12 to 17 year-olds are likely to use Snapchat as compared with 12.8 mil...

Google One is Now Live for Users in the U.S.

16Aug By Gauri SinghNo Comments

USA

Google One is Now Live for Users in the U.S.

It was a few months ago that the technology giant Google announced the release of its new subscription program known as Google One. This program has been designed to get more storage on Google Drive and various other perks. The subscription program has now been rolled out and over the last few weeks, Google gradually rolled existing Drive subscribers over to a Google One membership and from now on, new users can sign up for a One subscription as well. Talking about the subscription fee, Google One plans start at 100 GB for $1.99. Along with this, there is also a 200 GB tier for $2.99 and a 2 TB option for $9.99. In case a user wants more storage space, the company will sell the user 10 TB, 20 TB and 30 TB plans for between $99.99 and $299.99 per month. An advantage of this new pro...