Automotive and tech firms are poaching each other’s talent to pull ahead in the driverless car race October 3, 2016 Automotive and IT firms are poaching each other’s talent in a bid to nudge ahead in the driverless car race, according to research by CPA Global. Its analysis found that more than 20 patent inventors have made the switch from automotive to IT companies or vice versa since 2008, with Google’s self-driving car programme serving [...]
Before the bell: What you need to know before the US market open October 3, 2016 Sterling has dropped after Prime Minister Theresa May said the UK will trigger the formal process of leaving the European Union by March next year. Here's what you need to know before the US market open at 2:30pm. US stock futures are broadly flat in the pre-market. The S&P is off by just 0.01 per [...]
Tesla delivered a record amount of cars in the third quarter October 2, 2016 Prolific entrepreneur Elon Musk's Tesla Motors said today that the number of vehicles it delivered hit a record 24,500 in the third quarter. They had risen 70 per cent quarter-on-quarter in what the firm said was a "slightly conservative [figure], as we only count a car as delivered if it is transferred to the customer and all [...]
Elon Musk’s totally nuts mission to Mars in nine crazy numbers September 28, 2016 Not content with pushing the boundaries for transport on earth with Tesla, prolific entrepreneur Elon Musk is taking his work on SpaceX a step further out of this world… literally. His ambitious plan to colonise Mars were revealed in not only a highly anticipated event but also a highly detailed one in which Musk laid out ambitious estimates of [...]
Supercar maker McLaren denies Apple takeover talks September 21, 2016 British supercar maker McLaren has denied it is in talks with Apple after it was suggested the Californian tech giant had made a takeover approach for all or part of its business. The Financial Times reported today the tech giant had approached McLaren Technology Group about either an acquisition or to take a strategic investment in [...]
Barack Obama just welcomed driverless cars September 20, 2016 The US President Barack Obama is on board with driverless cars, welcoming the technology's potential for increasing safety and reducing pollution on roads across the US as the country announces new rules for the vehicles. "In the seven-and-a-half years of my presidency, self-driving cars have gone from sci-fi fantasy to an emerging reality with the [...]
Oh my god, I can’t believe it: Spotify has 40m paid subscribers, its founder said today September 14, 2016 It seems Spotify founder Daniel Ek has taken a leaf out of Elon Musk's book: the Tesla tycoon is fond of using Twitter to make market-moving musings. And today Ek did just that: 40 is the new 30.Million. 😄 — Daniel Ek (@eldsjal) September 14, 2016 He was, of course, referring to the number of paid [...]
Elon Musk just went on a mini rant about the SpaceX Falcon fireball September 9, 2016 Tesla founder and tech-world entrepreneur Elon Musk has been on a mini-rant today about the explosion that engulfed his SpaceX Falcon-9 rocket last week. Musk's SpaceX is a space tourism company that is aiming to take humans to Mars by 2025. But the forward-looking group suffered a major setback during pre-launch testing last week, when it [...]
Jaguar powers up electric racing team September 4, 2016 Jaguar will lift the lid on plans for its electric Formula E racing team this week. The car, team, and sponsors are set to be unveiled on Thursday and will compete in the opening race of the Formula E season in Hong Kong next month. Jaguar Land Rover – owned by the Indian industrial giant [...]
Ten ways the electric car revolution will transform the global economy September 1, 2016 The world has begun a rapid switch to electric vehicles. In the first half of this year, worldwide sales were up 57 per cent to 285,000, despite low oil prices, and there are now more than 1m electric cars on the world’s roads for the first time ever. Last February, Bloomberg New Energy Finance (BNEF) [...]