African on-demand trucking logistics company Lori Systems has raised a Series A round led by Chinese investors Hillhouse Capital and Crystal Stream Capital. Other participating investors included Nigeria and U.S.-based EchoVC, Flexport CEO Ryan Petersen and Nigerian founder Iyinoluwa Aboyeji. Lori Systems is not disclosing the amount of the Series A. DealStreet Asia reported the… Continue reading African logistics startup Lori Systems raises Series A led by Chinese investors
Tag: Uber
Suzuki rethinks promise of India’s auto market, and it is not alone
* India autos will no longer see uninterrupted move upwards-Suzuki * Global players re-evaluating strategy, focus on strengths * Taxes, regulatory changes plaguing global car makers in India By Aditi Shah NEW DELHI, Nov 8 (Reuters) – Suzuki Motor Corp said it was no longer gung-ho about India’s auto market, the world’s fourth-largest, where it… Continue reading Suzuki rethinks promise of India’s auto market, and it is not alone
Unpacking Pay Standards: a response to the UC Berkeley Labor Center
Cost Estimates As Reich notes in his study of ridesharing in New York City, “a comprehensive accounting of all vehicle-related expenses is essential” to understanding driver earnings. This remains true in California, and is precisely why we also do not rely on the IRS rate, but instead conduct our own study on the cost of… Continue reading Unpacking Pay Standards: a response to the UC Berkeley Labor Center
Uber is using Waymo tech in its self-driving cars. That could be an expensive problem. (UBER)
Uber “will likely” have to strike a deal with Waymo or develop it’s own software, the company said. The shift comes after an expert found the ride-hailing company has been using tech from the Alphabet-owned company. It’s not clear by when Uber will have to make the decision, which could prove expensive for its already… Continue reading Uber is using Waymo tech in its self-driving cars. That could be an expensive problem. (UBER)
Uber faces costly choices after expert finds it uses Waymo self-driving tech
SAN FRANCISCO (Reuters) – Uber (UBER.N) said it “will likely” have to strike a licensing deal with Waymo or opt for costly changes to its autonomous driving software, after an expert found the ride-hailing giant still used technology from the Alphabet Inc (GOOGL.O) unit. FILE PHOTO: Uber’s logo is displayed on a mobile phone in… Continue reading Uber faces costly choices after expert finds it uses Waymo self-driving tech
The first hires are the hardest
Tim Hsia & Neil Devani Contributor More posts by this contributor Getting press for your startup: the true role of communications ‘The Operators’: Finance in startups with Duda CFO Stephanie Hsiung and Zeus Living’s Head of Finance Mark Kang Welcome to this edition of The Operators, a recurring Extra Crunch column, podcast and YouTube show that… Continue reading The first hires are the hardest
Now, Next, and Future: Sameer Kshirsagar
A profile series that introduces our team and showcases what we’re working on. My name is Sameer Kshirsagar and I’m the Head of Supply Chain and Business Operations here at Uber Advanced Technologies Group (ATG). I started my career by spending a lot of time in school, earning a B.S. in Mechanical Engineering from Virginia… Continue reading Now, Next, and Future: Sameer Kshirsagar
Uber self-driving car involved in fatal crash couldn’t detect jaywalkers
Sponsored Links Aaron Josefczyk / Reuters Uber’s self-driving car that struck and killed a pedestrian in March 2018 had serious software flaws, including the inability to recognize jaywalkers, according to the NTSB. The US safety agency said that Uber’s software failed to recognize the 49-year-old victim, Elaine Herzberg, as a pedestrian crossing the street. It… Continue reading Uber self-driving car involved in fatal crash couldn’t detect jaywalkers
Uber had 37 accidents before the known fatal accident
The NTSB said that Uber was involved in 37 accidents before the fatal accident. The National Transportation Safety Board (NTSB) investigated the accident that occurred in the March 2018 occurred in Tempe in the US state of Arizona. A woman was caught by a Uber test car and killed. There will be a hearing on… Continue reading Uber had 37 accidents before the known fatal accident
Uber relies on autonomous driving
Malik Gupta gave the Handelsblatt an interview, which also discussed the topic of autonomous driving. Opposite the Handelsblatt gave Mr. Gupta of About that the Autonomous driving would be a high priority for Uber. This seems logical, because with the omission of the travelers you can save a lot of money and known, Uber still… Continue reading Uber relies on autonomous driving