Uber Technologies Inc on Wednesday reported its second quarterly operating profit as demand for its ride-hailing service approached pre-pandemic levels and its food delivery business turned profitable for the first time. The company’s first-quarter outlook fell short of Wall Street expectations as the Omicron coronavirus variant dampens travel, but Uber Chief Executive Dara Khosrowshahi said business had started… Continue reading Uber posts quarterly profit on strong delivery, recovering ride demand
Category: Tech News
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Tesla Accused of Cutting Corner That Makes Level 3 Self-Driving Impossible
Another bump in the road for Elon’s full self-driving promise. Supply Chain Headache Well, this is a bad look. A CNBC report found that Tesla cut corners to deal with the rampant supply chain issues caused by the pandemic — putting yet another hurdle in the way to level three full-self driving cars. The Elon… Continue reading Tesla Accused of Cutting Corner That Makes Level 3 Self-Driving Impossible
Mazda head units are getting bricked by a local NPR station in Seattle
Some Mazda drivers in and around Seattle this week discovered they could no longer change the radio station or play anything else in their cars after listening to the local NPR station KUOW (via GeekWire). The issue affected owners of various Mazda vehicles with model years ranging from 2014 to 2017 that were tuned in… Continue reading Mazda head units are getting bricked by a local NPR station in Seattle
Uber wrapped 2021 with strong revenue growth and greater adjusted profitability
Today after the bell, Uber reported its fourth-quarter financial performance. The company saw $25.9 billion in gross platform spend, up 51% compared to its year-ago result, and revenues of $5.78 billion, up 83% compare to Q4 2020. The company also reported GAAP net income of $0.44 per share, though that number did include non-operating items… Continue reading Uber wrapped 2021 with strong revenue growth and greater adjusted profitability
Welp, DARPA Just Flew a Black Hawk Helicopter with No Pilot
They say it can be easily fitted into existing aircraft. Ghost Plane The military industrial complex strikes again, as the Defense Advanced Research Projects Agency (DARPA) recently dropped a new Black Hawk helicopter that can fly with no one inside it. The eerie aircraft is equipped with a new AI from Lockheed Martin dubbed the… Continue reading Welp, DARPA Just Flew a Black Hawk Helicopter with No Pilot
Sony’s new AI driver achieves ‘reliably superhuman’ race times in Gran Turismo
AI agents have bested humans at many games, from chess to Go to poker. Now, the machines can claim a new high score on the classic racing video game series Gran Turismo. Sony announced today that its researchers have developed an AI driver named GT Sophy that is “reliably superhuman” — able to beat top… Continue reading Sony’s new AI driver achieves ‘reliably superhuman’ race times in Gran Turismo
EU outlines €43 billion plan to fix Europe’s chip shortage
The European Union has outlined an ambitious new industrial policy that aims to make the bloc a significant player in the global semiconductor industry. The European Chips Act, adopted this week by the EU Commission, bundles together €43 billion ($49 billion) in public and private funding for the sector, with an end-goal of doubling the… Continue reading EU outlines €43 billion plan to fix Europe’s chip shortage
Alfa Romeo’s new SUV comes with an NFT for some reason
The Alfa Romeo Tonale SUV is the “first car on the market” to come with an NFT digital certificate, that the Italian automaker says will increase the car’s residual value. How? Well, that’s not exactly clear, but it involves recording information from the car’s electronic system to the blockchain as proof that a car has… Continue reading Alfa Romeo’s new SUV comes with an NFT for some reason
China’s New Energy Vehicles market may have crossed a turning point as sales zoom
Premium China’s new-energy vehicle (NEV) industry set records in 2021. The country produced 3.54 million NEVs, including battery-electric cars and plug-in hybrids, and sold 3.52 million of them. Sales were up 181% from 2020 and exceeded the total of the previous three years. In 2021, NEVs made up 15.7 % of the country’s car market.… Continue reading China’s New Energy Vehicles market may have crossed a turning point as sales zoom
Shared mobility company GoTo Global is going public through a shell company merger
GoTo Global, an Israeli mobility company that offers shared micromobility and car-sharing services in Spain, Israel, Malta and Germany, is going public on the Tel Aviv Stock Exchange (TASE) through a merger with shell company Nera Tech Media. The merger is expected to close in early April, which will initially give GoTo access to the… Continue reading Shared mobility company GoTo Global is going public through a shell company merger