App-based companies like Uber, Lyft and Doordash have dodged a potentially devastating blow to their industry by carving out an exemption from a California law that required them to classify their drivers as employees instead of contractors. California voters passed Proposition 22 and delivered a stinging rebuke to state lawmakers and labor leaders who were […]
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Earlier this week, Tesla sent out its “full self-driving” software to a small group of owners who will test it on public roads. But buried on its website is a disclaimer that the $8,000 system doesn’t make the vehicles autonomous and drivers still have to supervise it. The conflicting messages have experts in the field […]
Timing has always been the catalyst to many inventions, ideas, businesses and the like; and more often that not, timing is underestimated as a key factor for the success of a startup. In fact, Bill Gross, the founder of Idealab, was stunned by his own research when he found that timing accounts for 42 percent […]
Technology has always been ambiguous when it comes to the development of humanity. The printing press. The internet. Electricity. The steam engine. The telegraph. Each of these discoveries and inventions have greatly impacted society as a whole, taking humanity to the forefront of technological development. These innovations are more often than not the catalyst for […]
The pandemic sent shockwaves across the world with many SMEs bearing the brunt of the crisis due to the reduction in global demand for goods and services. The worst effect of the pandemic on SMEs were the mass layoffs seen throughout all industries, although disproportionately. Disposable income that could have circulated in the economy became […]
Unsurprisingly, for a country with a market size of 3.5 million people, Uruguay has a small number of fintechs with only 13 – one less than at the beginning of 2020. The major subdivision of the countries’ fintech industry comprises five parts: fintech enterprise services (FES), payments, exchange, open banking, and investments. Digital payment services […]
In light of the Covid-19 pandemic, companies were forced to move their work entirely online making adjustments to help employees to be most effective. According to a recent study conducted by Dingel and Neiman, 37% of jobs have the potential to be done remotely. With the expectations of a new wave of the virus, technology […]
By BARBARA ORTUTAY AP Technology Writer OAKLAND, Calif. (AP) — Hackers broke into the Twitter accounts of world leaders, celebrities and tech moguls on Wednesday in one of the most high-profile security breaches in recent years, highlighting a major flaw with the service millions of people have come to rely on as an essential communications […]
“AI in transportation will no doubt revolutionize safety and efficiency of the urban transit system,” said Cheng Wei, CEO of DiDi Chuxing who started trials for driverless taxis in Shanghai-China, offering free trips to users who are prepared to trust the AI-powered machines. In an effort to get the general public used to driverless taxis […]
SACRAMENTO, Calif. (AP) — California voters will weigh in this November on whether to expand a landmark data privacy law, alter a decades-old law that limits property taxes on businesses and exempt ride-hail giants Uber and Lyft from a new state labor law. They are among 11 measures Secretary of State Alex Padilla certified on […]