Authored by Julieanne Geiger via OilPrice.com,
If you can imagine a massive, horrifying beast with some 6 million miles of tentacles that costs up to $33 billion to feed and $5 trillion to replace, then you can imagine the U.S. electricity grid.
But it’s a beast that can possibly be vanquished, finally.
Earlier this summer we noted Uber's staggering 2Q cash burn of $600 million which equates to roughly $7 million in net cash outflows every single day. The staggering, and consistently growing, cash burn figures resulted in several mutual funds announcing they would slash their valuations of the struggling rideshare company by up to 15%.
Authored by John Naughton, op-ed via The Guardian,
If our supersmart tech leaders knew a bit more about history or philosophy we wouldn’t be in the mess we’re in now...
Since being founded in 1992 with funding from DARPA, robotics company Boston Dynamics has unveiled one nightmarish robotic creation after another. But the company outdid itself this week when it introduced the latest iteration of its ‘Atlas’ robot.
The company caused a stir after publishing a video on YouTube showing the hulking humanoid robot jumping across platforms of varying heights and even perform backflips on command - some of the most advanced capabilities demonstrated by any bipedal robot.
Just days ahead of this weekend's Guangzhou Auto Show, Volkswagen has announced plans to invest $12 billion dollars into efforts to build coal-fueled electric vehicles in China. According the Wall Street Journal, VW plans to produce 400,000 EVs by 2020 and introduce 5 new all-electric models each year through 2025.
Volkswagen AG and its Chinese partners will jointly invest nearly $12 billion by 2025 in developing electric cars for the local market, VW’s China chief executive said.