Secretive Self-Driving Car Startup Zoox is Raising up to $630 Million
[Investing]
2018/07/18 10:50
Autonomous vehicle company Zoox has authorized the sale of up to $630 million in new shares, PitchBook has learned. The terms of the deal have not been announced and are subject to change. The company didn't immediately respond to a request for comment.A full $630 million funding could value the company at up to $3.43 billion, per a PitchBook estimate. Rumors of a possible fundraise emerged in...
(Infographic) 14 Car Companies Control A Combined 60 Brands
[Business]
2018/07/18 10:50
If you’re going shopping for a car, you’ll likely see dozens of companies competing for your business. But you may not have realized that the vast majority of these brands are in fact owned by a handful of large corporations. There are only a few independent car manufacturers, and those that do exist struggle to stay afloat. When faced with the choice of shutting their doors or joining one of...
It's Game Over for Victoria's Secret, Jefferies Declares
[Business]
2018/07/18 10:50
An unexpected drop in June comparable sales shows that Victoria’s Secret just keeps struggling to drive traffic, said the investment bank.L Brands Inc. reported an unexpected drop in June comparable sales for its lingerie brand, despite an extended semi-annual sale and deep price cuts. The results show that Victoria’s Secret just keeps struggling to drive traffic, Jefferies said.In fact, "it...
Aston Martin Aircraft Concept Takes Luxury Personal Transportation to The Sky
[Design]
2018/07/18 10:50
British sports car brand aston martin presents the volante vision concept, a luxury aircraft with vertical take-off and landing (VTOL) capabilities. Produced in partnership with cranfield university, cranfield aerospace solutions, and rolls-royce, the project aims to bring chic personal transportation to the sky.The volante vision concept will take full advantage of the latest advances in aeros...
(Infographic) The Dark Side of Crypto
[Business]
2018/07/18 10:49
While there are many potential benefits to cryptocurrency, one has to acknowledge this new form of money has gotten a bad reputation as well. There are many reasons as to why criminals are drawn to Bitcoin and other similar currencies. Even so, it remains to be seen how long this situation will remain in place. Learn more about the dark side of crypto in this infographic from NullTX.Infographic...
(PDF) China Internet Report 2018
[Business]
2018/07/17 11:45
China has twice as many internet users as the total population of the United States -- and it’s growing fast.This unique collaboration between Abacus, 500 Startups, the South China Morning Post, will break down everything you need to know about China’s thriving tech industry, the big players in each field, and lay out the four overarching trends that have emerged.Download PDF Report : https:/...
California Chosen to Host Daimler/Bosch Self-Driving Pilot Project
[Business]
2018/07/17 11:45
The companies are planning to have a fleet of autonomous cars driving the city streets of California in the second half of 2019.Bosch and Daimler plan to use a city in central California as a test bed for in-town automated driving systems. The companies have been working together on self-driving vehicles for some time and have signed an agreement with Nvidia, of Silicon Valley, which will provi...
New Alibaba “FashionAI” Concept Store Teases Future of Fashion Retail
[Business]
2018/07/17 11:45
Alibaba Group debuted its first “FashionAI” concept store on Wednesday, demonstrating a stress-free way to shop with the help of artificial intelligence.The pilot store, open for a limited time only from Thursday through Saturday at Hong Kong Polytechnic University, showcases Guess apparel through innovations such as “smart mirrors,” which display product information on a nearby screen when...
(Infographic) The 6 Forces Transforming the Future of Healthcare
[Business]
2018/07/17 11:45
Disruptive technologies are advancing healthcare at an extraordinary pace.By 2020, there will be 50 billion devices connected to the internet, and many of these devices will be tracking the health data of individuals. This will empower consumers in an exciting way, but it will also fundamentally shift how healthcare companies work and interact with their customers.Today’s infographic comes to...