Technology 

Driverless delivery startup Nuro gets $940 million SoftBank investment

FILE PHOTO – The unmanned delivery vehicle, Nuro, is seen during the Kroger annual shareholders meeting in Cincinnati, Ohio, U.S., June 28, 2018. Picture taken June 28, 2018. Courtesy of Kroger/Handout via REUTERS (Reuters) – Autonomous technology startup Nuro said on Monday it raised $940 million from SoftBank Group Corp, which valued the Silicon Valley-based company at $2.7 billion. Nuro was co-founded in 2016 by two former engineers of Google’s self-driving car project, Dave Ferguson and Jiajun Zhu. The funding by SoftBank came through its $100-billion Vision Fund, which usually…

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Technology 

Driverless delivery startup Nuro gets $940 million SoftBank investment

FILE PHOTO – The unmanned delivery vehicle, Nuro, is seen during the Kroger annual shareholders meeting in Cincinnati, Ohio, U.S., June 28, 2018. Picture taken June 28, 2018. Courtesy of Kroger/Handout via REUTERS (Reuters) – Autonomous technology startup Nuro said on Monday it raised $940 million from SoftBank Group Corp, which valued the Silicon Valley-based company at $2.7 billion. Nuro was co-founded in 2016 by two former engineers of Google’s self-driving car project, Dave Ferguson and Jiajun Zhu. The funding by SoftBank came through its $100-billion Vision Fund, which usually…

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Technology 

Exclusive: Tesla’s delivery team gutted in recent job cuts – sources

SAN FRANCISCO (Reuters) – When Tesla Inc announced last month a second round of job cuts to rein in costs, one crucial department was particularly badly hit. The automaker more than halved the division that delivers its electric vehicles to North American customers, two of the laid-off workers said. FILE PHOTO: A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai, China January 7, 2019. REUTERS/Aly Song/File Photo Some 150 employees out of a team of about 230 were let go in January at the…

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Top stories 

Drag queen or delivery driver: What’s your ‘side hustle’?

Image copyright James Tobin Image caption James Tobin performing as Nat West, his Irish Dancing drag queen persona At 3pm most days, James Tobin puts on a shirt and tie and goes to work running educational workshops. In the evening he puts on a wig and fishnets and becomes a drag queen. At the weekends, he’s a roaming estate agent, on call to show around would-be tenants. All this may sound exhausting, but James’s multitasking lifestyle is far from unusual. The ‘side hustle’ generation The 28-year-old is part of a…

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British Cycling: BBC obtains email at centre of testosterone delivery

July 2018: Former British Cycling and Team Sky doctor Freeman – We never crossed the line An email at the centre of the controversy over a mystery delivery of testosterone to the National Cycling Centre has been obtained by the BBC. The correspondence, dated 18 October 2011, is from a staff member at one of the country’s leading medical suppliers, Fit4Sport Limited, to Dr Richard Freeman, the former chief medic at British Cycling and Team Sky. The email contains confirmation that a pack of testosterone gel sent to him five…

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Technology 

Tesla shares dive after Model 3 delivery falls short of estimates, cuts prices

FILE PHOTO: A Tesla Model 3 car is displayed during a media preview at the Auto China 2018 motor show in Beijing, China April 25, 2018. REUTERS/Jason Lee/File Photo (Reuters) – Tesla Inc (TSLA.O) shares sank 8 percent on Wednesday after the electric car maker delivered fewer-than-expected Model 3 sedans in the fourth quarter and cut prices for all its vehicles in the United States in response to the loss of a green tax credit. The company said it delivered 63,150 Model 3s in the quarter, falling short of FactSet…

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Technology 

South Korean food delivery startup Woowa Bros lands $320 million investment

SEOUL (Reuters) – The operator of South Korea’s largest food delivery app has secured a $320 million investment from Hillhouse Capital, Sequoia Capital and GIC, it said on Thursday, in a deal that values the startup at about $2.6 billion. Woowa Brothers Corp, which owns the “Baedal Minjok” food delivery service, said the cash will help drive expansion to overseas markets, and the development of autonomous robots. The investment was led by Hillhouse Capital, which had already invested 57 billion won ($50.7 million) in the firm in 2016, with equity…

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Technology 

Kiwibot delivery robot catches fire after ‘human error’

Image copyright Talia Desch A food delivery robot was destroyed after it caught fire because of “human error”, its creator has confirmed. Kiwibot autonomous delivery robots have been rolling around the University of California, Berkeley campus for two years. On Friday, students found one of the robots in flames and shared photos on social media. Kiwi said the cause was a “defective battery” that had been accidentally installed in the robot. “One of the batteries for our robot that was idling started smouldering, eventually leading to some smoke and minor…

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Technology 

Careem launches delivery service, expects to close funding round soon

DUBAI (Reuters) – Careem launched a delivery service covering everything from takeaway food to pharmaceuticals on Monday, diversifying from its core Middle East ride-hailing business and increasing competition with rival Uber Technologies. The company has expanded its car service business to more than 120 cities in 15 predominantly Middle East countries since launching in 2012. “We believe the opportunity for deliveries in the region is even bigger than ride-hailing,” Chief Executive and Co-Founder Mudassir Sheikha told Reuters at Careem’s headquarters in Dubai. “It is going to become a very significant…

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Technology 

Starbucks partners with UberEats for delivery in U.S., to double China stores

FILE PHOTO: A Starbucks store is seen inside the Tom Bradley terminal at LAX airport in Los Angeles, California, United States, October 27, 2015. REUTERS/Lucy Nicholson/File Photo (Reuters) – Starbucks Corp (SBUX.O) said on Thursday it is partnering with UberEats to deliver food and coffee from nearly a quarter of its restaurants in the U.S. and will nearly double its outlets in China over the next four years. The latest delivery initiative, which will commence from the beginning of 2019, builds on a pilot program launched in Miami in September,…

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