Jihan Abass, a 26-year-old Kenyan woman, often walks into meetings full of puzzled faces as people crane past her looking for the boss of her new digital motor insurance company. Abass is the boss. “They would be surprised to see that it was actually me,” said Abass from her bright office in Nairobi, where almost…
General Motors Co’s self-driving car unit, Cruise, on Tuesday unveiled a prototype electric vehicle with no steering wheel or pedals for use in its planned autonomous ride-sharing service. The vehicle, named “Cruise Origin”, was developed with Honda Motor Co Ltd, which took a minority stake in Cruise in 2018 in an effort to catch up…
Major central banks are looking at the case for issuing their own digital currencies, the Bank of England and European Central Bank said on Tuesday, amid a growing debate over the future of money and who controls it. The central banks of Britain, the euro zone, Japan, Sweden and Switzerland will share experiences in a…
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In April 2019, Tile.com, which helps users find lost or misplaced items, suddenly found itself competing with Apple Inc, after years of enjoying a mutually beneficial relationship with the iPhone maker. Apple carried Tile on its app store and had sold its products at its stores since 2015. It had even showcased Tile’s technology at…
Samsung Electronics Co Ltd on Monday named its youngest president as its new smartphone chief as the firm seeks to defend its lead in the handset market from rising challenges from rivals such as Huawei Technologies Co Ltd. The South Korean firm also promoted the head of its network equipment business, which analysts said got…
U.S. ride-hailing company Uber Technologies Inc and South Korean automaker Hyundai Motor plan to jointly develop electric air taxis, they said on Tuesday, joining the race for flying cars to ease urban congestion. Hyundai will unveil a concept electric aircraft developed with Uber at the Consumer Electronics Show (CES), which kicks off in Las Vegas…
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Toyota Motor Corp said on Monday it plans to build a prototype “city of the future” at the base of Japan’s Mt. Fuji, powered by hydrogen fuel cells and functioning as a laboratory for autonomous cars, “smart homes,” artificial intelligence and other technologies. Toyota unveiled the plan at CES, the big technology industry show. The…
Tesla Inc (TSLA.O) beat Wall Street estimates for annual vehicle deliveries and met the low-end of its own target, sending shares to a record high in a vindication for Chief Executive Elon Musk after a few turbulent years. Boosted by demand for its mass-produced Model 3 sedans as overseas sales pick up, Tesla on Friday…
Amazon.com Inc (AMZN.O), Apple Inc (AAPL.O) and Alphabet Inc’s (GOOGL.O) Google are partnering to lay the groundwork for better compatibility among their smart home products, the companies said on Wednesday. Zigbee Alliance, whose members include IKEA and NXP Semiconductors (NXPI.O) among others, will also contribute to the project, titled “Connected Home over IP”. The rare…
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Toyota Motor Corp plans to first deploy advanced self-driving features in commercial vehicles before adding them to cars meant for personal use, a senior official at the Japanese auto major said on Tuesday. It will be easier to apply self-driving technology that does not require constant and direct human-monitoring to taxis and vehicles Toyota is…
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