The statement came from Baidu's senior vice president Wang Jing. He believes that Baidu has some advantage over other car makers, especially local knowledge. The company has already invested a lot in the development of AI, that could help the development of autonomous cars.
Sectors
Following Hardware Business, Microsoft And Google Find It Hard To Be Like Apple
Microsoft and Google find it difficult to follow Apple. The two companies are starting to produce their own hardware, which unfortunately are still far from what Apple has. Microsoft is criticized for its Surface Book Laptop, while Google has received hard reviews on its Google Pixel C tablet. It seems that Microsoft and Google are following Apple in the hardware business.
China and Iran Agreed to Expand Trade and Bilateral Cooperation
China's President Xi Jinping and his Iranian counterpart Hassan Rouhani enter a new era of cooperation between two countries. In their meeting on Saturday, both countries agreed to expand trade to $600 billion in the next 10 years and bilateral cooperation.
Finance Tech Company Bluevine Completed Its Series C Funding
BlueVine the fintech startup company completed its $40 million in Series C funding last Wednesday. The investment was led by Menlo Ventures and other participants.
JetBlue Introduced Sky-Fi In-Flight Internet Connection and New High-Tech Entertainment System
The airways announced new cabin design, completed with enhanced technology system to meet travelers' needs nowadays. Besides in-flight internet connection, they also improved new entertainment system with new features and bigger database. The timing of these new improvements coincides with JetBlue's sixteenth anniversary.
Latest News
Tesla cars sale fell below analyst expectation and its inability to roll out the Model X as promised lead J.P. Morgan analyst to reduce its profit projection for the fourth-quarter.
U.S. stock declined sharply on Monday over concern of economic condition and oil price. The Fed is scheduled to have a meeting this week, and market anxiously wait for the next step U.S. central bank will take.
On Monday trade's Twitter, Ford, Westrock, McDonald's and Tyco are among the highly active stocks on trade. Twitter and Westrock dropped on the closing, while McDonalds' and Tyco gained.
Airport ride-hailing service Wingz closed its Series B funding with $11 million on Monday. Expedia led the funding with participants from ltimeter Capital and Marc Benioff, CEO of Salesforce.com.
Future Land Development shares have witnessed a fall of around 14% and appear to be the lowest since September 7. Meanwhile, Moody’s has changed outlook on the business to negative from stable on Monday. Fearing further price falling, the company has arranged suspension of its shares listed in the Hong Kong and Shanghai Stock Exchange.
The Miata hasn’t witnessed the best presentation through the years. Mazda has represented MX-5 generation Miata in the Tokyo Auto Salon 2016. The uproar from the audience indicates that the Miata generation now claims due status in the sports car segment. The new widened Miata has absorbed inspirations from a lot of tuning cultures and thus proclaimed as the largest road racers in the US.
Roger's walkie-talkie style voice messaging app that launched in 2015 gets a financial backing of $1 million from Social Capital. The new feature was created by ex-Spotify employees, Ricardo Vice Santos and Andreas Blixt, who have done complete justice to the phrase 'selling old wine in new bottle'. In the current scenario where voice messaging is no longer a novelty, Roger hopes to tap the market outside Asia where people are still stuck with texting, and win them with its simple, three-button structure.
The advancement of the internet in South Korea has brought some advantages as well as social issues. Internet addiction has been a concern in the country, and the government is helping to solve the issue with some programs, including rehabilitation camps.
Aramco is the largest known oil producer in the world with a daily production of 10.25 MMbpd. KSA authority has increased feedstock prices to narrow down its budgetary deficits and also increases daily production rate to cope with the soaring demands. Now it is in efforts for Aramco’s listing for IPOs. If listed, Aramco will be the world’s first corporate entity with asset value of more than $1 trillion.
