Posts belonging to Category Cities



Intel Gives Up on 5G

Failed Quest to Break Into Mobile Market

Intel Corp., whose products dominate the world of computing, said it’s going to wind down a multibillion-dollar, multidecade effort to grab a viable stake of the mobile phone industry. After its one significant customer, Apple Inc., said it will return to using Qualcomm Inc. chips, Intel announced Tuesday it will exit the 5G smartphone business and complete an assessment of the opportunities for existing chips and fifth-generation modems in personal computers.

“The company will continue to meet current customer commitments for its existing 4G smartphone modem product line, but does not expect to launch 5G modem products in the smartphone space, including those originally planned for launches in 2020,” the Santa Clara, California-based company said in a statement.

http://www.bloomberg.com/

Uber plans to sell around $10 billion worth of stock in IPO

Uber is seeking a valuation of between $90 billion and $100 billion

Uber Technologies has decided it will seek to sell around $10 billion worth of stock in its initial public offering, and will make public the registration of the offering on Thursday, people familiar with the matter said on Tuesday.

An IPO of this size would make Uber one of the biggest technology IPOs of all time, and the largest since that of Chinese e-commerce giant Alibaba Group Holding in 2014.

Uber is seeking a valuation of between $90 billion and $100 billion, influenced by the poor performance of smaller rival Lyft’s shares following its IPO late last month, the sources said. Investment bankers previously told Uber it could be worth as much as $120 billion.

https://www.cnbc.com/

Tesla Gigafactory in Shangai To Be Complete In Summer Of 2019

10% of the total planned capacity of the plant

The breakneck pace of work at Tesla’s Shanghai Gigafactory continues with the announcement that the company has started an energy conservation assessment in cooperation with several governmental agencies. In a further update, Chinese media noted that the project would be completed in the summer of 2019.

The first phase of the Tesla Gigafactory in Shanghai is only an estimated 10% of the total planned capacity of the plant and will be producing the first cars by the end of this year.

The factory will produce Tesla’s smaller Model 3 and Model Y vehicles, launching with the Model 3 and starting production of Model Y essentially in parallel with production in the United States (at Tesla’s Gigafactory 1 in Nevada).

http://www.cleantechnica.com

Trump cancels US delegation to Davos

Ongoing partial government shutdown

President Donald Trump has canceled his delegation’s trip to the World Economic Forum, citing the ongoing partial government shutdown.

“Out of consideration for the 800,000 great American workers not receiving pay and to ensure his team can assist as needed, President Trump has canceled his Delegation’s trip to the World Economic Forum in Davos, Switzerland,” press secretary Sarah Sanders said in a late Thursday statement.

Earlier this week, the White House said it had planned to send Treasury Secretary Steven Mnuchin, Secretary of State Mike Pompeo, Secretary of Commerce Wilbur Ross, U.S. Trade Representative Robert Lighthizer and Chris Liddell, assistant to the president and deputy chief of staff for policy coordination.

http://www.cnbc.com

Chinese tech investors flee Silicon Valley

Trump tightens scrutiny

New Trump administration policies aimed at curbing China’s access to American innovation have all but halted Chinese investment in U.S. technology startups, as both investors and startup founders abandon deals amid scrutiny from Washington. Chinese venture funding in U.S. startups crested to a record $3 billion last year, according to New York economic research firm Rhodium Group, spurred by a rush of investors and tech companies scrambling to complete deals before a new regulatory regime was approved in August.

Since then, Chinese venture funding in U.S. startups has slowed to a trickle, Reuters interviews with more than 35 industry players show. U.S. President Donald Trump signed new legislation expanding the government’s ability to block foreign investment in U.S. companies, regardless of the investor’s country of origin. But Trump has been particularly vocal about stopping China from getting its hands on strategic U.S. technologies.

https://www.reuters.com/

The Boring Company wants to prove it can send 4,000 vehicles traveling at 155 mph through its tunnels every hour

Must be seated & belted for high speed safety

Elon Musk revealed what’s next for The Boring Company in a series of tweets, a day after he demonstrated how the underground tunnels the startup is developing would operate in Los Angeles.

“Next step for @BoringCompany Loop is demonstrating high throughput at high speed. Target is 4000 vehicles/hour at 155mph (250km/h),” he said.

Musk said the company will offer vehicles in a range of sizes for passengers in its proposed underground tunnel system.

“A variety of vehicles, like normal roads, from a small car to a densely seated bus. Must be seated & belted for high speed safety,” he said.

http://businessinsider.com

U.K. Stocks Turning ‘Uninvestable’

Brexit is now such a headache that the UK is ‘uninvestable’: Bernstein

With politics dominating near-term moves, U.K. stocks have become “uninvestable,” according to Sanford C. Bernstein.That’s because the market is not quite cheap enough that extreme outcomes have been priced in, while it’s hard to make any confident bets on political events, strategists led by Inigo Fraser Jenkins wrote in a note.
Besides, there’s more upside in equities in the U.S., rest of Europe and Japan, so as the analysts say, “why take the risk of buying such a market?”

World's longest sea bridge to open in China

The 55km bridge links Hong Kong and Macau to the Chinese mainland

The world’s longest sea bridge is set to open this week, linking the cities of Hong Kong and Macau to the Chinese mainland as part of a broader contentious plan to integrate the special administrative regions into China.
The $20bn Hong Kong-Zhuhai-Macau bridge officially opens on Tuesday in a ceremony that Chinese president Xi Jinping is reportedly planning to attend. Officials are billing the 55km bridge as a key part of the Greater Bay Area plan, a campaign to connect Hong Kong and Macau to 11 Chinese cities to form a high-tech region to rival Silicon Valley.
The bridge links Hong Kong’s Lantau island to Zhuhai on the southern coast of Guangdong province and the gambling hub of Macau, a popular tourist spot for Chinese visitors.

Co-working is just getting started

Investors think highly of buildings that include 15%-30% co-working space

In just the last year, co-working spaces have tripled their share of Manhattan’s office-leasing activity to around 10%, according to real estate brokerage firm Avison Young. Across the country, the number of square feet they occupy has jumped nearly 400% over the last eight years. As the market for flexible and customized offices continues to boom, it’s not just startups and small businesses that stand to benefit. More and more, larger companies that don’t want to be locked into decades-long leases are considering the upsides of flexible spaces.

In August, WeWork launched HQ by WeWork to serve the needs of medium-sized businesses. And other giants (think: Amazon, Verizon, and more) have already begun turning to co-working spaces to house entire divisions of their companies. In 2017, IBM struck a deal with WeWork to occupy its 88 University Place building in Manhattan.
http://www.angel.co

Amazon Could Open Up to 3,000 Cashierless Stores by 2021

Shoppers use a smartphone app to enter the store

Amazon.com Inc. is considering a plan to open as many as 3,000 new AmazonGo cashierless stores in the next few years, according to people familiar with matter, an aggressive and costly expansion that would threaten convenience chains like 7-Eleven Inc., quick-service sandwich shops like Subway and Panera Bread, and mom-and-pop pizzerias and taco trucks.
Chief Executive Officer Jeff Bezos sees eliminating meal-time logjams in busy cities as the best way for Amazon to reinvent the brick-and-mortar shopping experience, where most spending still occurs. But he’s still experimenting with the best format: a convenience store that sells fresh prepared foods as well as a limited grocery selection similar to 7-Eleven franchises, or a place to simply pick up a quick bite to eat for people in a rush, similar to the U.K.-based chain Pret a Manger, one of the people said.
An Amazon spokeswoman declined to comment. The company unveiled its first cashierless store near its headquarters in Seattle in 2016 and has since announced two additional sites in Seattle and one in Chicago. Two of the new stores offer only a limited selection of salads, sandwiches and snacks, showing that Amazon is experimenting with the concept simply as a meal-on-the-run option. Two other stores, including the original AmazonGo, also have a small selection of groceries, making it more akin to a convenience store.
Shoppers use a smartphone app to enter the store. Once they scan their phones at a turnstile, they can grab what they want from a range of salads, sandwiches, drinks and snacks — and then walk out without stopping at a cash register. Sensors and computer-vision technology detect what shoppers take and bills them automatically, eliminating checkout lines.
http://www.bloomberg.com

5G home internet service starting October 1st

Starting Houston, Indianapolis, Los Angeles, and Sacramento

Verizon’s 5G broadband internet service will go live later this fall, with installations starting on October 1st in Houston, Indianapolis, Los Angeles, and Sacramento, the company announced today. This marks the first 5G commercial service to launch in the US, and it seesVerizon make good on its promise to do so in November 2017. Verizon is calling it simply 5G Home, quoting “typical speeds” of 300 Mbps and peak speeds of nearly 1 Gbps, depending upon location.

This isn’t true mobile 5G, which will be the more impactful rollout of the new internet speed standard that was finalized last December when all networks and phone manufacturers support it. But theoretically, it should bring faster broadband speeds for home internet that are on par with, or at least in the range of, gigabit fiber networks. It also helps Verizon in its rollout of mobile 5G in the future, which will involve a dizzying number of different technologies, hardware, and partnerships to get off the ground.

Flurry of electrifying announcements from the auto industry

Mercedes challenges Tesla with an all-electric SUV

Mercedes-Benz unveiled its first fully electric SUV today in Stockholm, the first in a long line of electric vehicles the automotive juggernaut will roll out over the coming years as part of its new EQ sub-brand. The EQC will run to 60 mph in under five seconds, go 200 miles between charges, and when it enters production in 2020, it will find itself in a world of increasingly fierce competition.
The EQC unveil comes amid a flurry of electrifying announcements from the auto industry. Later this month, Audi will debut its own electric SUV, the e-Tron. BMW just began taking orders for its upcoming iX3 electric SUV. Tesla is showing the production version of its gobsmacking, revived Roadster at the Grand Basel motor show in Switzerland this week. Jaguar is gearing up to start US deliveries of its much-lauded electric i-Pace later this year.

http://www.wired.com

Pollution in the city lowers education level by one year

The maths and verbal skills are at risk

Chronic exposure to air pollution can cause harm to cognitive performance, a new study reveals. Researchers believe that the negative impact increases with age, and affects men with less education the worst. Over four years, the maths and verbal skills of some 20,000 people in China were monitored by the US-Chinese study.  Scientists believe the results have global relevance, with more than 80% of the world’s urban population breathing unsafe levels of air pollution.
The study was based on measurements of sulphur dioxide, nitrogen dioxide and particulates smaller than 10 micrometres in diameter where participants lived. It is not clear how much each of these three pollutants is to blame. Carbon monoxide, ozone and larger particulates were not included in the study. Described as an invisible killer, air pollution causes an estimated seven million premature deaths a year worldwide, according to the World Health Organization.
http://www.nanocomputer.com

Wage floor for Uber's ride-hail drivers

The goal is to pay drivers $17.22 an hour, or $15 an hour after expenses like gas.

The New York City council passed first-of-its-kind legislation this afternoon setting a wage floor for ride-hail drivers and capping the number of ride-hail vehicles in the city. Below, our story from before the historic vote.

Uber drivers make about as much money as minimum wage workers.

In some cases they can even make less. That’s because Uber drivers are considered independent contractors, rather than employees, and aren’t protected under federal, state, and local minimum wage laws.

Uber drivers aren’t being recognized as employees (that legal battle is ongoing). But in New York City, the city council is poised to pass a package of bills that, for the first time ever, would set a wage floor for Uber drivers and their peers in the ride-hail industry.
https://qz.com/

Uber wins licence to work in London

15-month probationary licence

Uber will be able to continue operating in London, after a court decided the ride-hailing firm should be awarded a new 15-month probationary licence, after being told of sweeping changes to its practices.
The ride-hailing firm’s future in one of its biggest global markets had been in jeopardy after Transport for London ruled last September that it was not “fit and proper” to hold a private hire vehicles operator licence.
At the start of a two-day hearing, Uber admitted that London’s original decision not to renew its five-year licence had been correct. TfL cited concerns about public safety and security, including a failure to report crimes or alleged crimes to the police, and to conduct proper background checks on drivers.
But Uber’s lawyers convinced Westminster magistrates court that it had since cleaned up its act, while continuing to operate in the capital pending its appeal.
https://www.theguardian.com/