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DELIVERY: Uber Ambitiously Eyes 2021 for Food-Delivery Drones Launch

  • Date: 21-10-18
  • Category: DELIVERY
  • Source: The Wall Street Journal

Uber Technologies Inc. envisions taking to the skies with a fleet of food-delivery drones in as little as three years, an ambitious timeline for a ride-hailing company that would face numerous technical challenges and regulatory hurdles.

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AUTONOMY: Oxbotica to double workforce after raising £14m in first funding round

  • Date: 19-09-18
  • Category: AUTONOMY
  • Source: The Telegraph

Self-driving startup Oxbotica has raised £14m in its first funding round, in the latest indication of growing interest in the autonomous vehicle space.

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AUTONOMY: Top 8 self-driving startups to watch in 2018 and 2019

  • Date: 24-08-18
  • Category: AUTONOMY
  • Source: TechGenix

Here is a list of the top eight dynamic full-stack self-driving startups that are successfully making autonomous vehicles a reality today.

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ELECTRIC VEHICLES: Tesla sues Ontario for pulling plug on electric car rebates

Tesla Inc. is taking the Ontario government to court over its decision last month to cancel incentives for purchases of electric vehicles. The Palo Alto, California-based automaker claims in a lawsuit filed Aug. 10 in Ontario Superior Court that the province deliberately and arbitrarily targeted Tesla by treating it differently than other firms.

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South African rand slumps after Moody's warning, stocks tumble

  • Date: 15-08-18
  • Category: Rand
  • Source: Reuters

South Africa’s rand slumped on Wednesday as ratings agency Moody’s warned that the pace of fiscal consolidation in Africa’s most industrialised nation had slowed and retail sales data disappointed, underlining the fragility of the economy.

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DIESEL: Truckers asleep at the wheel as diesel price shock creeps closer

  • Date: 15-08-18
  • Category: DIESEL
  • Source: Bloomberg

Every time Chuck Paar makes the over 500-mile round trip from his home in Mt. Jewett, Pennsylvania, to Buffalo and Syracuse, New York, his 18-wheel tractor trailer carries 25 tons of sand or cement and burns about $265 of diesel in one day. That’s up from as little as $166 for the same route two years ago, and the increased cost of fuel is squeezing already thin industry profit margins.

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AUTONOMY: Robotaxi Revolutions Don't Come Cheap, So Zoox Boosts Funding By $500 Million

  • Date: 17-07-18
  • Category: AUTONOMY
  • Source: Forbes

Zoox knows it needs hefty investment to turn a vision of an on-demand ride service using purpose-built robotic vehicles designed without conventional driving controls into reality. Luckily, the stealthy startup made more progress on the financial front, snagging $500 million in a Series B funding round led by Atlassian cofounder and CEO Mike Cannon-Brookes, who is also joining the Zoox board.

Led by Australian artist and entrepreneur Tim Kentley-Klay and computer scientist Jesse Levinson, the Foster City, California, company has raised nearly $800 million with a goal of launching its branded service in 2020. The new funds, reported earlier by Bloomberg Businessweek, lift Zoox's valuation to about $3.2 billion, Kentley-Klay told Forbes.

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AUTONOMY: Audi, Airbus and Italdesign are building a new self-driving car that can fly

  • Date: 11-05-18
  • Category: AUTONOMY
  • Source: Forbes Middle East

Carmaker Audi, engineering firm Italdesign and aircraft manufactured Airbus have designed an electrical vehicle-dubbed Pop.Up Next- that has the capability to transport people both vertically and horizontally.

The ultra-light, two-seater passenger cabin can be attached either to a car module or to a flight module. One of the main interior feature is a 49-inch screen, while interaction between humans and the machine is performed by speech and face recognition, eye-tracking and a touch function.

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