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Market News

Market News

The Most Mindnumbing of Office Tasks Made One Man $360 Million

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Tomomichi Takahashi became a multimillionaire by focusing on the dullest of white-collar tasks. The former SoftBank Group Corp. employee was an early mover into what’s called robotic process automation, the use of software bots to automate repetitive operations. The Japanese entrepreneur stumbled into the business by chance, turning to it as a last resort when…

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AAAS: Machine learning ‘causing science crisis’

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Machine-learning techniques used by thousands of scientists to analyze data are producing results that are misleading and often completely wrong. Dr. Genevera Allen from Rice University in Houston said that the increased use of such systems was contributing to a “crisis in science”. She warned scientists that if they didn’t improve their techniques they would…

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Nissan said to look outside for a new board chairman

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A Nissan Motor governance committee will recommend the appointment of an external director as board chairman, a role distinct from company chairman, in a move to decentralize power at the top level, the Nikkei business daily reported on Sunday. Under Nissan’s current corporate charter, the position of board chair is automatically appointed to head the…

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Shell Acquires sonnen!

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Shell is diving off the deep end into energy storage with the acquisition of 100% of Germany energy storage and solution provider Sonnen. The acquisition builds on Shell’s investment into the company last year through its Shell Ventures arm and shows that Royal Dutch Shell sees an energy future that is not dependent on its…

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Glide helps you build mobile apps from a spreadsheet without coding

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The founders of Glide, a member of the Y Combinator Winter 2019 class, had a notion that building mobile apps in the enterprise was too hard. They decided to simplify the process by starting with a spreadsheet, and automatically turning the contents into a slick mobile app. David Siegel, CEO and co-founder at Glide, was…

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Toyota’s moonshot: Self-driving car for sale — in a year

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TOKYO — They call it Toyota’s moonshot: In just one year, Japan’s biggest carmaker wants to start selling a self-driving vehicle that it says will be the “most powerful supercomputer on wheels.” But the company has a lot of work to do first. It must develop hardware and software for the vehicle, dramatically slash the…

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C2A Security raises $6.5M in Series A funding

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JERUSALEM–(BUSINESS WIRE)–C2A Security, an Israeli startup providing in-vehicle solutions preventing life-threatening cyber attacks, has announced the completion of a $6.5 million Series A round. The round was led by Maniv Mobility and ICV with participation from Labs/02. C2A has developed a unique suite of solutions that protect the car’s internal systems against cyber attacks, ensuring…

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Amazon and General Motors are in talks to invest in Tesla rival Rivian

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Amazon and General Motors are in talks to invest in Rivian Automotive LLC in a deal that would value the U.S. electric pickup truck manufacturer at between $1 billion and $2 billion, people familiar with the matter said on Tuesday. The deal would give Amazon and General Motors minority stakes in Rivian, the sources said. It would be…

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Honda secures battery supply contract for about 1 million electric vehicles with CATL

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Honda hasn’t been one of the most active automakers when it comes to electrification, but it is now making some big moves, including securing a battery cell supply contract for about 1 million electric vehicles with CATL, one of the largest battery manufacturers in the world. Yesterday in Tokyo, Contemporary Amperex Technology Co., Ltd. (CATL) and Honda…

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Another disappointing solar auction for Japan as prices stay high

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In last month’s exercise, final prices were slightly lower than those seen in previous procurements and the total allocated capacity was 196.6 MW. Through the three tenders held by the Japanese government, around 500 MW of solar was assigned, against a target of 1-1.5 GW. Land availability, grid constraints high labor costs make projects expensive…

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