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Larry Page's flying car startup Kitty Hawk is teaming up with Boeing to launch flying taxis

Business Insider SAI - 2 hodiny 36 sek zpět

  • Kitty Hawk, a flying-car startup that is funded by the Google cofounder Larry Page, is partnering with Boeing.
  • Kitty Hawk has created two vehicles that look like oversized drones: Cora, a two-person air taxi and Flyer, a vehicle for personalized flight. Boeing is teaming up with the team behind Cora.
  • The new partnership could help bring the Cora air taxi to consumers sooner than expected.
  • Visit Business Insider's homepage for more stories.

A flying car startup that promises to get you from A to B without worrying about traffic or carbon emissions is partnering with Boeing's innovation division, Boeing NeXt.

Kitty Hawk is funded by Google's cofounder Larry Page and has created two vehicles that look like oversized drones: Cora, a two-person self-flying air taxi and Flyer, a vehicle for solo flight. Boeing will be teaming up with the team behind Cora.

Read more: A new version of the 'flying car' backed by Google cofounder Larry Page is here — see how it works

"Working with a company like Kitty Hawk brings us closer to our goal of safely advancing the future of mobility," Steve Nordlund, vice president and general manager of Boeing NeXt, said in a statement to the press on Tuesday.

He continued: "We have a shared vision of how people, goods and ideas will be transported in the future, as well as the safety and regulatory ecosystem that will underpin that transportation."

Although the announcement is thin on details, the new partnership could mean that Cora might be available to consumers sooner than expected.

"I am excited about our companies working together to accelerate making safe electric flight a reality," said Sebastian Thrun, cofounder and CEO of Kitty Hawk. Thrun previously worked at Google and helped to create its self-driving-car project.

The news of the partnership comes as Uber doubles down on its own flying taxis via Uber Air. It hopes to bring these air services to passengers by as soon as 2023.

SEE ALSO: Trump's tariffs on Chinese imports could hurt one of Amazon's most successful businesses

Join the conversation about this story »

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This 26-year-old stared down financial ruin to raise $340 million for his delivery app that's now beating Uber and Deliveroo in huge markets

Business Insider SAI - 2 hodiny 37 min zpět

  • Oscar Pierre is the cofounder and CEO of Glovo, a Barcelona-based delivery app with a presence in 178 cities across 23 countries.
  • As well as food delivery, the app provides various other courier services, such as pharmacy and grocery, and is known as the "anything" delivery app.
  • Since setting up Glovo in 2015, Pierre has helped the company raise $340 million, including a $170 million Lakestar-led funding round in April.
  • The 26-year-old spoke to Business Insider about the challenges he had to overcome as a young CEO in Spain, his business inspirations, and his long-term goals for Glovo.
  • Click here for more BI Prime stories.

Oscar Pierre is no ordinary 26-year-old.

To put things into perspective, Jeff Bezos – one of Pierre's biggest inspirations – was still four years away from founding Amazon when he was the same age.

By contrast, Glovo CEO Pierre has already raised $340 million for his delivery app, which is available in 178 cities, across 23 countries. As well as operating in established markets in western Europe and Latin America, Barcelona-based Glovo has also entered emerging delivery markets in eastern Europe and west Africa.

Essentially, Glovo aims to deliver anything a city-dweller might need or want, much like the US firm Postmates. This includes food (which Pierre says represents about two-thirds of Glovo's business), pharmaceuticals, groceries, and smartphone accessories. It means Glovo is in direct competition with firms like Uber and Amazon's Deliveroo.

'The idea of everything in your city being delivered – I just found it very cool'

After graduating from the Georgia Institute of Technology in 2012, Pierre worked as an aerodynamics engineer in Toulouse, but eventually decided to start afresh, cofounding Glovo in early 2015 with fellow Spanish tech entrepreneur Sacha Michaud.

"I was finishing my degree in the US, and went to San Francisco for the weekend, where I saw the concept of Postmates," Pierre tells Business Insider. "The idea of everything in your city being delivered – I just found it very cool. Postmates was my inspiration."

A natural entrepreneur, Pierre had already founded two online companies while studying: Zikkomo.com, a donations platform sponsoring 30 children in Malawi, and LoveItLocal.es, a website aimed at boosting local craft businesses. But Glovo was a different beast altogether.

"We started with a very broad proposition, which was basically: we'll get you anything you want from your city," he recalls. "What we realised after two years was that, in order to build a very big company, we had to have a very good food delivery category. Food delivery was our biggest focus for some time."

Staring down financial ruin 

Today, Glovo partners with giant multinationals like McDonald's and family-run businesses who can monetise the Glovo platform. Its revenue stood at €81 million ($92 million) in 2018, which was up 350% from €18 million in the year before. But, as recently as 2017, Glovo was staring into the abyss.

"We were famous in Spain for a while as the startup with the most [rejections] from VCs in Europe," Pierre says. "For our Series B round, we pitched to 118 funds, and all of them said 'no.' We very close to going bankrupt, maybe a month away," he explains.

"All our competitors were huge. Two years ago, there was no way to convince investors that we'd really be competing face-to-face with Uber Eats or Deliveroo. There was very little conviction about food delivery back then.

Read more: Amazon's new $2 billion startup Deliveroo wants to reduce cooking to being 'purely a hobby' over the next decade

"Being from Barcelona was always very tough because when you only operate in Spain, you don't have access to the VCs in London or in France. The Spanish ecosystem of VCs is very small and very risk-averse."

Yet, ironically, it was a company with a famous connection to Barcelona that came to Glovo's aid. "One day, Rakuten came out of the blue and decided to invest in us," recalls Pierre.

The Japanese e-commerce giant has served as shirt sponsor of FC Barcelona, the city's world-renowned soccer club since 2016. Were Glovo's Barcelona roots what caught Rakuten's eye?

"[Rakuten's] big in Barcelona," jokes Pierre. "But, seriously, they had already invested in mobility a lot; in competitors to Uber; and they wanted to invest in delivery as well. So they picked us."

Two other funding rounds have followed, the latest of which, a €150 million ($170 million) raise led by early Spotify investor Lakestar in April, took its total funding to $340 million. And those delivery rivals that once attracted all the funding at Glovo's expense? Well, the startup is beating them in certain markets.

Glovo is winning the war with Uber and Deliveroo in some markets

"We've learned a lot from direct competitors," he says. "For example, when we didn't know how to do food delivery, Deliveroo was already [present] in Spain, and Deliveroo are very good operators.

"Eventually, we ended up beating them in both Italy and Spain. We've always had a mentality of learning from competitors as opposed to trashing them."

"Amazon is the big [influence] for me," he adds. "In terms of how they were able to start out with something so specific; how they've locked their users into something a lot bigger; how they still have a startup mentality after 25 years. It's crazy."

In a twist of fate, Glovo is now in direct competition with the company he admires after Amazon led a $575 million investment in Deliveroo last month — a deal that could see Amazon take a bigger step into the delivery market.

So where does Pierre see Glovo in 10 years? Does he aim to emulate Bezos and turn Glovo into an Amazon-style conglomerate?

"In the future, we'd like to go beyond delivery, and look into things like reservations," he says. "Not only restaurant reservations, but also events, ticketing, going to the cinema, and maybe integrating with mobility services. The final [space we'd like to enter] is home services: things like laundry, repairs, and cleaning services."

Though Pierre admits he worries about spreading Glovo too thinly, he says its focus will remain narrower in the short-to-medium term, adding that Glovo is not yet looking to IPO.

"We don't see ourselves going beyond being a super delivery app for the next few years. I don't see a big reason to have [an IPO] today. Our biggest focus at the moment is groceries, because they're the natural first step after food.

"For now, we're focusing on markets the big players aren't really looking at. Delivery is a global thing. It's not only for big, developed cities."

SEE ALSO: Spanish startup Glovo to raise funds for new Latam tech center

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NOW WATCH: Watch Apple's 2019 WWDC event in 11 minutes

Highlights of the day: Semiconductor inventory piling up

DIGITIMES - 3 hodiny 27 min zpět
The semiconductor supply chain sees high inventory levels. Silicon wafer supplier GlobalWafers has turned conservative about its sales growth in 2019 although its long-term contract agreements with clients will prevent it from seeing major price falls. In the memoy sector, Micron has already decided to cut its NAND flash output for the year. But Wafer Works is still looking furtherr ahead beyond the impact of the US-China trade, planning to build up its production capacity for 12-inch low-resistivity silicon wafers.

Nichia to supply mini LED chips for notebook backlighting

DIGITIMES - 3 hodiny 56 min zpět
Japan-based Nichia will begin to ship mini LED chips of 100-micron in size for 15- to 17-inch high-end notebook backlighting in fourth-quarter 2019, according to industry sources.

Wafer Works to build 12-inch low-resistivity silicon wafer line

DIGITIMES - 4 hodiny 3 min zpět
Taiwan-based Wafer Works plans to build up its production capacity for 12-inch low-resistivity silicon wafers, according to industry sources.

Calin reducing reliance on DSLR camera lenses

DIGITIMES - 4 hodiny 13 min zpět
Optical lens maker Calin Technology has disclosed it expects slower revenue growth for the DSLR camera segment than others.

SES-imagotag to see ESL shipments ride high in 2019-2020

DIGITIMES - 4 hodiny 26 min zpět
Electronic shelf label (ESL) provider SES-imagotag is expected to see its shipments of ESL products grow 30% in 2019 and continue to expand 50% in 2020, buoyed by its marketing efforts in Asia and other regions, according to industry sources.

Taiwan launches Formosat-7 satellite constellation

DIGITIMES - 4 hodiny 31 min zpět
Taiwan's Formosat-7 satellite constellation was launched at the John F Kennedy Space Center in Florida, the US on June 25.

Taiwan government releases Chinese-language voice data to support AI development

DIGITIMES - 5 hodin 1 min zpět
In efforts to accelerate Chinese-language AI development in Taiwan, the Ministry of Science and Technology (MOST) will release 400 hours of data from its AI voice databank set up in collaboration with local radio stations, with the data to be licensed free of charge to related government, industry, academic and research sectors, according to ministry sources.

10 things in tech you need to know today

Business Insider SAI - 5 hodin 10 min zpět

Good morning! This is the tech news you need to know this Wednesday.

  1. Apple has reportedly acquired self-driving car startup Drive.ai. Drive.ai had raised some $77 million from investors including New Enterprise Associates and Nvidia GPU Ventures.
  2. Partners for Facebook's upcoming cryptocurrency Libra signed non-binding agreements because they had doubts about the venture, the New York Times reports. Facebook announced last week that it had signed 27 business partners to help govern Libra, but executives at seven of those companies told the Times they had signed deals they could back out of.
  3. Elon Musk said in a leaked email that Tesla is very close to setting a record for deliveries in one quarter. Tesla's second-quarter delivery numbers will face particularly intense scrutiny because the company's first-quarter deliveries fell well below those of the prior quarter.
  4. San Francisco just banned e-cigarette sales, the first major US city to outlaw tobacco vapes. Juul, the leading maker of e-cigarettes, which is headquartered in San Francisco, is pushing a ballot measure to make the ban unenforceable.
  5. Almost 40% of LGBTQ tech employees that participated in a survey said they've witnessed homophobic discrimination and harassment at work. Blind, an anonymous workplace chat app, recently polled its users who work in the tech industry about LGBTQ sentiment at their companies.
  6. A US Senator asked the FTC to "take all necessary steps" to ensure YouTube is held accountable for violating children privacy laws. YouTube is reportedly under investigation by the Federal Trade Commission for its handling of children's videos and could face fines for breaking children's privacy laws.
  7. The Fed's Chairman said Facebook's cryptocurrency has the potential to be so big that it will be regulated with a "very, very high" standard. The Fed will be "carefully" watching over consumer protections and regulations, he said.
  8. A massive, ongoing hack has been compromising cell service providers around the world without them even knowing, a new report says. More than 10 cell service providers around the world have been hacked in an attack that compromises key information about customers of the affected providers, according to a report by security research firm Cybereason.
  9. Bill Gates said today's big tech companies have learned from Microsoft's mistakes in its big antitrust battle. Gates also called for increased regulation of today's tech firms, given the critical role they play in society.
  10. Head of Instagram Adam Mosseri denied the widely-held belief that Instagram and Facebook listen in to people through smartphones. CBS This Morning anchor Gayle King asked Mosseri whether Facebook targets advertising by eavesdropping on people's conversations.

Have an Amazon Alexa device? Now you can hear 10 Things in Tech each morning. Just search for "Business Insider" in your Alexa's flash briefing settings.

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AcBel to expand production capacities in Taiwan, Philippines

DIGITIMES - 5 hodin 21 min zpět
Power supply maker AcBel Polytech has disclosed it will expand production capacities in Taiwan and the Philippines with a 2-year budget of NT$2 billion (US$63.5 million).

SK Hynix kicks off 128-layer 4D NAND manufacturing

DIGITIMES - 5 hodin 47 min zpět
SK Hynix has announced what the company claims is the world's first 128-layer 1-terabit triple-level cell (1Tb TLC) 4D NAND flash memory, with mass production kicking off.

5G to contribute almost US$900 billion to Asia economy over next 15 years

DIGITIMES - 5 hodin 51 min zpět
Asia's mobile operators are set to invest US$370 billion building new 5G networks between 2018 and 2025, according to the latest Asia Pacific edition of the GSMA's Mobile Economy series, published at MWC19 Shanghai today. The world's first nationwide 5G networks went live in South Korea earlier this year, and it is anticipated that 24 Asia Pacific markets will have launched 5G by 2025. It is forecast that 5G will contribute almost US$900 billion to the region's economy over the next 15 years.

Here's an early glimpse into the autonomous trucking market — and how self-driving technology is disrupting the way goods are delivered

Business Insider SAI - 5 hodin 55 min zpět

This is a preview of a research report from Business Insider Intelligence, Business Insider's premium research service. To learn more about Business Insider Intelligence, click here. Current subscribers can read the report here.

Trucking is set to transform radically in the coming years, with innovative technologies enabling trucks to take over more and more driving responsibilities, saving time and money for operators and businesses that rely on shipping.

Autonomous trucks are being tested on roads around the world, and systems from startups like Peloton and Embark could make their way into commercial trucks as soon as next year. Fleets will be able to leverage autonomous technologies to cut costs and gain a critical edge over competitors.

But to start planning for, and to eventually implement, those technologies, companies need to know what sorts of systems will be ready and when, and what regulatory hurdles will need to be overcome to get autonomous trucks on the road. 

In The Autonomous Trucking Report, Business Insider Intelligence provides an early glimpse into the emerging autonomous trucking market. First, we look at the trucking market as it stands today, offering a basic profile of the industry and highlighting a number of the challenges and issues it faces. Then, we go through the three waves of autonomous technology that are set to upend the industry — platooning, semi-autonomous systems, and fully autonomous trucks — looking at who is making strides in each of these areas, when the technology can be expected to start making an impact, and what companies can do to get ahead of the curve.

Here are some of the key takeaways:

  • Advanced and autonomous technology will enable operators and shipping firms to eradicate some of the challenges that have long plagued them. Trucks will take over more and more driving responsibilities, saving time and money for operators and businesses that rely on shipping.
  • The impact of autonomous technologies on the trucking industry will come in three major waves: platooning or fuel-saving vehicle convoys, semi-autonomous highway control systems, and fully autonomous trucks.
  • Change to the trucking industry will be gradual but inexorable. Companies with foresight can start to make long-term plans to account for the ways that autonomous technologies will change how goods and products move from place to place.

In full, the report:

  • Analyzes the development of autonomous trucking technology.
  • Explains the waves in which advanced and autonomous technologies will start to impact the trucking industry, providing detailed explanations of how a company can take advantage of the disruptive technology transforming logistics at each stage.
  • Profiles the efforts of the companies that are at the forefront of new technology in trucking, looking at what they're working on and when their efforts could start to impact the market.
To get this report, subscribe to a Premium pass to Business Insider Intelligence and gain immediate access to: This report and more than 275 other expertly researched reports Access to all future reports and daily newsletters Forecasts of new and emerging technologies in your industry And more! Learn More

Or, purchase & download The Autonomous Trucking Report directly from our research store

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ZTE launches 5G/FTTH dual-mode home gateway

DIGITIMES - 5 hodin 58 min zpět
ZTE has launched a 5G/FTTH dual-mode home gateway at Mobile World Congress Shanghai 2019. It is compatible with the 5G networks of high bandwidth, low latency and massive connections, as well as high-speed, stable and economical FTTH networks, according to the China-based vendor.

Unimicron, Na Ya to gain from high-specs ABF substrates in 2H19

DIGITIMES - 6 hodin 3 min zpět
The ever-growing demand for high-performance computing (HPC) chips to support 5G and AI applications is ushering in a long-missed market recovery for ABF substrates needed for high-end processors, and Taiwan major makers Unimicron and Nan Ya PCB both have stressed that ABF substrates will be their biggest business highlights in the second half of 2019, according to industry sources.

COF substrate firm JMC to enjoy record sales in 2Q19

DIGITIMES - 7 hodin 33 min zpět
Chip-on-film (COF) substrate suppliers JMC Electronics is expected to see its revenue and profit climb to record-high levels in the second quarter of 2019, driven mainly by a rally in COF substrate prices, according to market watchers.

PTC the digital transformation solution provider

DIGITIMES - 7 hodin 40 min zpět
PTC has in recent years expanded its deployments in AR and industrial IoT (IIoT) and other technologies through strategic alliances and acquisitions, and coupled with its well-received 3D design and product lifecycle management (PLM) software/platform products, the company has transformed itself into a digital transformation solution provider, according to company sources.

Micron to cut further NAND flash output

DIGITIMES - 7 hodin 48 min zpět

Micron Technology has reiterated plans to idle up to 5% of DRAM wafer starts in 2019, but said the company will reduce its total NAND flash wafer starts by a larger 10% compared to the previously-planned 5% cut.