ZOOX
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 30%
After a minor correction due to fears that changes in stocks which will be accepted collaterals, markets are once again on roll. This time the upward movement has been led by IT stock. When it comes to nifty and sensex, it is dominated by IT and financial services. So as the financial services stocks take a breather, a sectoral turn is taking place and the nifty is moving upward. Now because IT stocks have come into focus after a gap of two years, it needs to be watched how much they are able to push the market. While the party continues on the street, it would be better for investors to focus on what is happening to the individual stocks they own and how the operating matrix of that sector is shaping up. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Waymo robotaxi service opens to all in San Francisco
The Google-owned Waymo robotaxi service on Tuesday became available to anyone in San Francisco interested in hailing a driverless ride. Waymo One ride-hailing is now available in San Francisco, Los Angeles, and Phoenix, with plans to "ramp up" in Austin next.
Amazon's self-driving robotaxi unit Zoox under investigation by US after 2 rear-end crashes
Both crashes happened during the daytime hours, and the motorcyclists suffered minor injuries. In both cases, the agency confirmed that each of the Amazon vehicles was operating in autonomous mode leading up to the crashes.
Amazon's Zoox robotaxis to drive faster, farther, at night in Las Vegas
The moves are modest compared with Alphabet's Waymo, which this week announced a plan to begin a taxi service in Los Angeles, on top of the existing markets of San Francisco and Phoenix, where it already ferries passengers in its retrofitted autonomous Jaguars.
Driverless cars covered 5x more test miles in California in 2023
Driverless vehicles in California traveled 3.3 million miles last year, a fivefold increase from the previous year. General Motors' Cruise and Alphabet's Waymo accounted for the majority of miles without a safety driver. The Cruise accident, in which an autonomous vehicle hit a pedestrian, led to a nationwide halt in operations.
AI officer is the hot new job that pays over $1 million
Businesses are now scrambling to appoint AI leaders, with some metaverse executives reinventing themselves as AI experts. Compensation packages for AI leaders average above $1 million. Most companies have moved on from the metaverse trend, focusing instead on AI. The fickle nature of technology trends is evident in the shifting focus from metaverse to AI.
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Amazon adds cloud executives, Zoox chief to CEO Andy Jassy’s senior team
Dave Brown, Aicha Evans and Swami Sivasubramanian are joining what Amazon calls the S-team, Jassy said in a note to employees.
Chinese autonomous vehicle tech raises concerns: US transportation chief
In a July 17 letter to the transportation chief and secretary of commerce Gina Raimondo, a bipartisan group of four lawmakers asked for an investigation into the prevalence of Chinese AV technology in the United States and how it can be restricted.
Zoox headcount grows as Amazon's self-driving unit expands testing in Vegas
Zoox's headcount has grown to about 2,200, up from 1,900 at the beginning of the year, Chief Technology Officer Jesse Levinson told Reuters.
Microsoft to invest in autonomous trucking startup Gatik
Microsoft plans to invest over $10 million in a financing round that values Gatik at more than $700 million, the sources added. As part of the deal, Gatik will use Microsoft's cloud and edge computing platform Azure in developing autonomous delivery technology for trucks.
It's On
From WhatsApp's lawsuit against the government to Amazon's splashy MGM purchase and Vimeo spun off as a public firm, here's a quick look at the top tech news today.
'Robo-taxi' is here! Amazon's Zoox unveils autonomous electric vehicle, has top speed of 75 mph
The carriage-style interior of the vehicle produced by Zoox Inc. has two benches that face each other.
Uber investors are pressuring CEO to revamp the self-driving division
When Khosrowshahi assumed Uber’s helm from ousted founder Travis Kalanick in 2017, he inherited a mess of cultural, strategic and financial problems.
Big tech goes on shopping spree, brushing off antitrust scrutiny
Big Tech is even buying amid a world economy ravaged by the coronavirus pandemic. While global economic output is expected to shrink by 4.9% this year and bankruptcies and job losses are tearing through industries, tech companies are enjoying surging traffic and sales.
Billionaire Beef: Elon Musk calls Jeff Bezos a copycat…again
This isn’t the first time the Tesla CEO has squared off against the Amazon founder on Twitter.
Bezos buys self-driving startup, Musk calls him ‘copy cat’
This isn’t the first time Musk has taken a dig at Bezos for indulging in similar business deals.
Amazon, looking to the future of ride hailing, will buy Zoox
Amazon said Friday that it is buying self-driving technology company Zoox, which envisions a future where people will request a ride on their phones and a car will drive up without a driver.
Amazon agrees to buy self-driving startup Zoox for over $1 billion
The report did not mention the exact purchase price and added Amazon is unlikely to disclose it when the deal is announced, likely to be on Friday.
Amazon in talks to buy autonomous vehicle startup Zoox
Dow Jones reported that Amazon is in advanced talks to buy Zoox for less than the $3.2 billion valuation from 2018.
Self-driving dream team gets $530 million from Sequoia, Amazon
Aurora’s three co-founders are legendary within the tight community of roboticists and engineers who are leading the charge to make self-driving cars a reality.
VCs plowed a record $9.3 billion into AI startups last year
The surge comes after three years of steadily increasing investment, with the average annual increase from 2015 to 2017 at 28 percent.
Who’s winning the self-driving car race?
In the next three years, almost all of these contenders will be able show off cars capable of navigating city streets at casual speeds along firmly fixed routes.
Collateral benefit: Why self-driving cars owe a lot to Afghan, Iraq wars
These cars carry scars and dent from participation in a legendary series of competitions organized by the Darpa, a research and development wing of the US military.
Photos of Apple's autonomous test car show up in Silicon Valley
The white Lexus RX450h SUV emerged from an Apple facility this week and was kitted out with an array of sensors, according to a person who saw the vehicle and provided photos to Bloomberg News.
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