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☆ How today's data centers marry clean tech with reliability
▼ + stars: | 2023-09-04 | by ( Sponsor Post | Created Insider Studios With Schneider Electric | ) www.businessinsider.com time to read: +8 min

Last summer, two data centers in London experienced heatwave-linked failures, with the incident affecting clinical IT systems at a number of hospitals. Data centers have become "a very important aspect of running entire business models, and even our day-to-day lives. Losing the information processed by data centers would be detrimental not only to companies and individuals, but also governments and society as a whole. This puts the firms that develop and operate data centers in a tricky position, not least because today's facilities are resource hungry. Companies can deploy a range of innovations to put these metrics at the core of tomorrow's data centers.

Persons: Pankaj Sharma, Schneider, we're, it's, Sharma Organizations: Facebook, Secure, Ofcom, US, McKinsey, EU, International Energy Agency, Pact, European Commission . Companies, Amazon Web Services, Google, IBM, Companies, Schneider Electric, Insider Studios Locations: London, Paris, Europe

☆ Where Uber's climate and autonomous driving goals will meet in the future
▼ + stars: | 2023-08-24 | by ( Tim Mullaney | ) www.cnbc.com time to read: +10 min

"For most of our history, profitable wasn't the first thing that came up when you asked someone about Uber," Khosrowshahi said on Uber's second-quarter conference call Aug. 1. The $1 a ride alone can add up to $4,000 to a driver's annual revenue, the company says. All of them will compete for customers on Uber's platform much as hotels search for business on Expedia.com – a business once run by Khosrowshahi. Indeed, one threat to Uber's current status as a market darling is if AV makers, especially Tesla, decide to compete with Uber directly for riders, Zino said. Khosrowshahi told Sellers that 10-20% of Uber drivers may soon be robots, but said he still thinks more people will be driving for Uber than there are today.

Persons: Angelo Zino, Uber, Savannah, Khosrowshahi, Dara Khosrowshahi, Zino, Scott Devitt, Morgan Stanley's Brian Nowak, undercharging, They've, Devitt, –, Hertz, That's, Tracy Lynn Young, Tesla, they've, Cruise, AVs, Sellers Organizations: GM, General Motors, Ideas, Uber Technologies, Aurora, Wedbush Securities, Hyundai, Tesla, EVgo, EVs, TrueCar.com, Uber, CNBC, Hertz, Waymo, Cruise, Khosrowshahi Locations: California, San Francisco, Pittsburgh, Hyundai Kona, London, U.S, North America, Atlanta

☆ I'm a Dallas mom who left Uber and Lyft to drive for Alto where I can get health insurance and a 401(k) — here's why it's a much better side gig
▼ + stars: | 2023-08-23 | by ( Jamie Killin | ) www.businessinsider.com time to read: +6 min

I tried driving for Uber and Lyft from 2015 until 2020 off and on. AdvertisementAdvertisementIf I work one 10-hour shift a week, I can remain an Alto driver, and as a driver you're paid by the hour — not by how many trips you book. I recently had a schedule change at my full-time job to mornings, so now I work evenings as an Alto driver. Driving with Alto has the structure and certainty of a full-time jobWith Alto, we have set shifts, like regular employees going into an office. As an Alto driver, you also have the option to get health benefits and a 401(k) because all drivers are W2 employees.

Persons: Tamara Smith, Uber, I've, It's, Lyft, overnights —, isn't, Tamara Smith's Organizations: Service, Alto, Foods, FAA Locations: Dallas, Wall, Silicon, Dallas , Houston, Los Angeles, Miami, Washington, San Francisco, Alto, New Orleans, RideCheck

☆ GM’s Cruise to slash fleet of robotaxis by 50% in San Francisco after collisions
▼ + stars: | 2023-08-21 | by ( Samantha Delouya | ) edition.cnn.com time to read: +4 min

CNN —California authorities have asked General Motors to “immediately” take some of its Cruse robotaxis off the road after autonomous vehicles were involved in two collisions – including one with an active fire truck – last week in San Francisco. The California DMV said that Cruise has agreed to the request, and a spokesperson from Cruise told CNN that the company is investigating the firetruck crash as well. General Motors acquired Cruise Automation in 2016 for $1 billion, solidifying its place in the autonomous vehicles race, but many companies have since scaled back, or abandoned their driverless car ambitions. Ridesharing giants Uber and Lyft have both sold autonomous vehicle units in recent years. Even Tesla CEO Elon Musk, who has been optimistic about autonomous vehicle technology, has yet to fully deliver on his promise.

Persons: Motors, Cruse, ”, Cruise, Waymo, San Francisco, “, ” Hannah Lindow, Elon Musk Organizations: CNN, California’s Department of Motor Vehicles, Cruise, General Motors, California DMV, San, AV, Cruise Automation Locations: California, “, San Francisco

☆ Mark Cuban passed on an early Uber investment—his $250,000 would be worth $2.3 billion today: ‘Whoops’
▼ + stars: | 2023-08-19 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

"Just think: If I would've given him $250,000 on a [$10 million] valuation, it'd be billions," Cuban said. Specifically, given Uber's market capitalization of $90.1 billion as of Friday, Cuban's $250,000 would be worth $2.25 billion today. But, still," said Cuban, whose net worth is currently estimated at $5.1 billion. Cuban and Kalanick already had history at the time: Cuban invested $1.7 million in Kalanick's previous venture, a peer-to-peer networking startup called Red Swoosh, in 2005. However, Cuban said he didn't agree with Kalanick's $10 million valuation of the startup at the time: "I said, 'I'll do it at [a] $5 million valuation...' for Uber!"

Persons: Mark Cuban's, Uber, Travis Kalanick, Kevin Hart's Peacock, Hart, Cuban's, Kalanick, Cuban, Troy Carter, Carter, Mark Cuban, Warren Buffett Organizations: Uber, Cuban, SXSW, CNBC

☆ Lyft threatens to leave Minneapolis if the city raises the minimum wage for drivers, because prices could double and 'only the most wealthy could still afford a ride'
▼ + stars: | 2023-08-18 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

The Minneapolis city council has advanced a bill that could raise the minimum wage for rideshare drivers. "Prices could double, and only the most wealthy could still afford a ride," said Lyft. The Minneapolis city council's move to hike the minimum wage for rideshare drivers has Lyft threatening to exit the city if the bill becomes law. Rival rideshare company Uber also lashed out against the law. To be sure, data from Rakuten Intelligence shows a 92% rise in Uber and Lyft ride costs between 2018 and 2021.

Persons: Uber, Lyft, Jacob Frey, vetoing, Marianna Brown Organizations: Morning, CNN, Democratic, Associated Press, CBS News Minnesota, Rakuten Intelligence Locations: Minneapolis, City, —

kevin rooseAnd you’re listening to “Hard Fork.”casey newtonThis week on the show, Sam Bankman-Fried goes to jail. If you give me, like, 1 percent of the internet, that’s going to give me an aneurysm. And those three are actually going to get to live that out. So I actually think the classroom of the future looks remarkably like the classroom today, but you reverse what you’re doing in it. And I think that’s another piece, is we have to not be delusional about what has actually happened in education.

Persons: casey newton, Joe Rogan, kevin roose You’re, casey newton They’ve, kevin roose They’ve, who’s, kevin roose, Kevin Roose, ” casey newton, Casey Newton, Sam Bankman, Fried, what’s, Wharton, Ethan Malek, kevin roose Casey, I’ve, casey newton Guy’s, David Jaffe Bellini, David, ” david jaffe bellini, casey newton Hi, ’, he’s, david jaffe bellini, david jaffe bellini That’s, they’re, Sam’s, there’s, that’s, Casey, — casey newton, david jaffe bellini I’m, he’d, Caroline Ellison, Caroline Ellison’s, Caroline, She’s, we’ve, they’ve, Sam, He’s, I’m, haven’t, It’s, You’ve, There’s, you’re, Ryan Salem, hasn’t, Gary, Nishad, They’ve, SBF, casey newton Look, Harlem Globetrotters ’, it’s, Kevin, casey newton Oh, kevin roose David Jaffe Bellini, we’re, kevin roose It’s, “, casey newton Sure, Ethan Mollick Ethan, kevin roose Ethan Mollick, ” ethan mollick, ethan mollick, That’s, casey newton Tell, ChatGPT, ethan mollick —, you’ve, Steve Jobs, don’t, You’ll, ethan mollick Oh, casey newton Well, We’ve, kevin roose I’m, Ethan, casey newton It’s, they’d, you’ll, They’re, Ethan Mollick, casey newton —, should’ve, let’s, Cruise, casey newton That’s, — david jaffe bellini, kevin roose —, ”, Alex, casey newton Hey, casey newton Yes, Kyle Vogt, Franciscans, I’ll, kevin roose Totally, casey newton Yep, Uber, casey newton Right, Dirk, Kevin kevin roose, shouldn’t, — casey newton Yes, casey newton Don’t, Rachel Cohn, Davis, We’re, Jen Poyant, Caitlin Love, Sophia Lanman, Dan Powell, Marion Lozano, Rowan Niemisto, Paula Shoeman, Tam, David McCraw, Nell Gallogly, Kate LoPresti, Jeffrey Miranda Organizations: Spotify, The New York Times, FTX, Conference, NFL, Google, “ New York Times, MDC, Republican, Alameda, Twitter, Harlem Globetrotters, Washington Generals, Wharton School, University of Pennsylvania, Fork University, Caud Academy, they’re, TA, . University, University, Hard Fork, Wharton, DMs, San, San Francisco, Cruise, Department of Motor Vehicles, University of Michigan Transportation Research Institute, Virginia Tech Transportation, YouTube Locations: New York, California, Bahamas, Alameda, FTX, autodelete, Caroline, Wharton, GPT, Kenya, America, San Francisco, Charlotte , North Carolina, Texas, North Beach, Cruise, Franciscans, robotaxis, AVs, Rhode Island, Zurich, Paris, Madrid, Swiss, Switzerland

But the 20% rebate on travel purchases (up to $200 back) easily makes this superior to the Chase Sapphire Reserve® offer. Meanwhile, those with a Chase Sapphire Reserve can book travel through the Chase Travel Portal at a rate of 1.5 cents each. Winner: Chase Sapphire Reserve®Consider statement credits and complimentary membershipsThe Chase Sapphire Reserve and Amex Green Card offer various credits that can effectively reduce the annual fee you pay to be a cardholder. The Chase Sapphire Reserve's $300 travel credit is much more versatile than the Amex Green card's annual statement credits, since it applies to virtually any travel purchase. The Chase Sapphire Reserve carries a $550 annual fee, while the Amex Green Card charges $150 per year.

☆ A DEI exec at Uber was placed on leave after hosting an event about white women who don't like being called a 'Karen'
▼ + stars: | 2023-05-22 | by ( Hannah Getahun | Lloyd Lee | ) www.businessinsider.com time to read: +2 min

The news came after employees brought up concerns about a DEI event on "Karens," per the NYT. The term has been used to call out white women who act racist in public. A DEI executive at Uber who upset employees by hosting an event that highlighted the "spectrum of the American white woman's experience" has been put on leave, according to reports. Lee hosted a pair of events this over the past few weeks called "Don't Call Me Karen" — an exploration of the Karen persona that featured white women speakers, the Times reported. "Karen" has long been used as a term to call out problematic white women who commit racist acts in public.

☆ Uber's AI potential is making it stand out among its peers. Here's what that could mean for its stock.
▼ + stars: | 2023-05-19 | by ( Michelle Fox | ) www.cnbc.com time to read: +11 min

All told, there is a nearly $6 trillion in revenue opportunity from AI across the internet industry, a March report from Morgan Stanley found. "UBER/LYFT/DASH already use ML [machine learning] in their matching algorithms (matching rides/eaters with drivers/couriers)," Morgan Stanley wrote in its report. AI tailwind for Uber Uber has both its ride-sharing service and UberEats food delivery business. According to Morgan Stanley, AI and machine learning will be a tailwind to network efficiency. "The extent to which AI drives substantial improvements in top-line growth could lead to teens upside [for the stock]," Morgan Stanley said.

Her mother Sarah — a former deli shop owner — was bored with retirement and had decided to open an ice cream shop in Bethesda, Maryland. "To be honest, at first I was like, 'ice cream shop?'" Running the ice cream shopDespite Sarah's Handmade Ice Cream successful grand opening, it took over six months for the business to become "a well-oiled machine," Park says. Instead, Park and her mother donate ice cream to local nonprofits and community organizations, which has attracted loyal customers in the Bethesda area. Within a few months of opening the first store, Park realized the business didn't have to be limited to just "a mom-and-daughter shop."

☆ Post-Covid, post-bankruptcy Hertz is all-in on electric, with big implications for the EV, auto and rideshare market
▼ + stars: | 2023-05-14 | by ( Tim Mullaney | ) www.cnbc.com time to read: +5 min

In this article HTZ Follow your favorite stocks CREATE FREE ACCOUNTTesla Model 3 electric vehicles at a Hertz neighborhood location. These deals began to roll out last year, after Hertz's first Teslas hit the road in 2021 and experiments with rental EVs extended back over the past decade. "At the end of [March], we had about 50,000 electric vehicles in our fleet, comprising approximately 10% of total cars," Scherr said. Hertz has also told analysts that the growing EV rideshare market can be a buffer against traditional quarterly peak to trough experienced in the leisure business. The benefits of using an EV begin with a $1 per ride credit to the driver for using an EV, Uber spokeswoman Alix Anfang said.

☆ How Lyft’s new CEO is ‘copying’ his former boss Jeff Bezos to turn around the company
▼ + stars: | 2023-05-12 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +5 min

Days after taking over as the new CEO of Lyft (LYFT) last month, Risher announced plans to “significantly reduce” the company’s workforce and stressed that the decision was his. The next week, Lyft (LYFT) revealed the extent of the layoffs: 26% of the staff, or more than 1,000 employees, would lose their jobs. It has lagged behind its chief rival, Uber (UBER), in recovering from the pandemic shock to business. And that really is Jeff Bezos,” Risher told CNN. “It’s not our focus to be part of somebody else’s company,” Risher said.

☆ A $6 trillion AI boom is just starting. Here are 5 ways for investors to capitalize on the tech revolution, according to Morgan Stanley.
▼ + stars: | 2023-04-26 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +4 min

AI is at an "inflection point" that could allow investors and companies tap into a $6 trillion opportunity, Morgan Stanley said. "We see AI accelerating digital transformation and tech diffusion across the economy," analyst Brian Nowak said in a note. AI-driven search tools could power stronger recommendation engines for social media and e-commerce, create better content-production tools and improve shared-economy marketplaces for transportation and other services, the bank said in the note. "We see AI accelerating digital transformation and tech diffusion across the economy," Morgan Stanley Research's internet analyst Brian Nowak said in a research note. Travel"Though 76% of travel is already being booked online, digital travel platforms are well-positioned to capitalize further on their large and unique data sets.

☆ How to talk to your aging parents about safe driving
▼ + stars: | 2023-03-30 | by ( Chris Taylor | ) www.reuters.com time to read: +5 min

One person may represent a danger on the roads at age 65, while another may be perfectly fine at age 85. Upgrades can help them stay safe, including technologies to keep drivers from drifting out a lane, backup cameras and various other detection systems. Special licensing requirements for elderly drivers can help screen out problems with vision and cognition. Some states require more frequent renewal for older drivers, or demand regular vision checks, or prohibit online renewals altogether. For a few hundred dollars a year, you could get a $1 million policy that should let everyone sleep better at night – both you, and your parents.

☆ Lyft CEO and president to step down, former Amazon exec David Risher named as replacement
▼ + stars: | 2023-03-27 | by ( Rohan Goswami | ) www.cnbc.com time to read: +1 min

Lyft 's cofounders, CEO Logan Green and president John Zimmer, will soon step back from their day-to-day roles, the company announced on Monday. David Risher, a former retail executive at Amazon , will be CEO of the ridesharing company beginning April 17, when Green will step aside to serve as chair of the board. Zimmer will transition out of his role on June 30 to serve as vice chair of the Lyft board. Lyft shares have fallen more than 70% in the last year. Risher joined Amazon in 1997 as its first vice president of product and store development.

☆ Stock futures are flat on Monday evening: Live updates
▼ + stars: | 2023-03-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Stock futures inched higher in overnight trading after the S&P 500 posted its third positive session in a row and banking sector concerns continued to ease. Meanwhile, S&P 500 and Nasdaq 100 futures added 0.11% each. Investors fought to extend last week's gains, but tech shares came under pressure. The Dow Jones Industrial Average added 194.55 points, or 0.6%, while the S&P 500 gained 0.16%. Beaten-up regional banking stocks, including First Republic , climbed along with the SPDR S&P Regional Banking ETF (KRE ).

☆ Surge pricing is increasingly being used in restaurants and movie theaters, making everyday activities much more expensive
▼ + stars: | 2023-03-14 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

Dynamic pricing is being used to set prices for activities beyond ridesharing and concert tickets. Experts warned businesses would most likely implement surge pricing in response to the pandemic. "This strikes me as outrageous for a pedestrian family activity," Yenni told the Journal. Insider previously reported that AI-driven dynamic pricing is making its way through business sectors like retail and grocery stores to keep up with changing market demands post-Covid. A startup meant to help restaurants set their own surge prices has also been created, and has helped some establishments double their profits, Insider's Nancy Luna reported.

☆ Uber and Lyft shares rise after California court victory lets them classify drivers as contractors
▼ + stars: | 2023-03-13 | by ( Rohan Goswami | ) www.cnbc.com time to read: +2 min

In Nov. 2020, California voters approved Proposition 22, which allowed ride-sharing and delivery app makers to classify their drivers as independent contractors. Ride-sharing apps, including Uber and Lyft, can continue to treat their drivers as independent contractors, a California appeals court ruled on Monday, overturning a lower-court decision that barred them from doing so. It was the most expensive ballot issue in California's history, with ride-share companies contributing over $181 million to the "Yes" campaign. A group of ride-share drivers sought to strike down Proposition 22, and won a lower court decision. "Proposition 22 does not intrude on the Legislature's workers' compensation authority or violate the single-subject rule," the opinion read.

☆ This fund manager says a bull market might be on the horizon — and names her top stock picks
▼ + stars: | 2023-02-15 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Stock markets seem to be slowing after a strong start to the year. But though bearish sentiment has seeped into the market, fund manager Barbara Doran is taking a contrarian view. Part of that was just bear market positioning but with the breadth that we saw in January, this is feeling like the start of, dare I say, a bull market," Doran told CNBC's " Street Signs Asia " last week. Stock picks One of Doran's top stock picks is Uber — and she's given the stock upside of between 25% and 50%. And the stock is in the camp where there is no [price-to-earnings] because there's no earnings, but I think there's substantial upside here," she said.

☆ US stocks end mixed after volatile session as indexes notch weekly losses
▼ + stars: | 2023-02-10 | by ( Brian Evans | ) www.businessinsider.com time to read: +1 min

US stocks closed mixed on Friday after a volatile trading session amid weak earnings reports. The S&P 500 suffered its first weekly loss in three weeks and notched its worst one-week decline since December. But the Nasdaq led the weekly sell-off with a drop of more than 2%. The S&P 500 suffered its first weekly loss in three weeks and notched its worst one-week decline since December. Trading on Friday began in the red amid some weak earnings reports.

☆ Analysts bail on Lyft after latest earnings, say Uber is cementing its place as leader
▼ + stars: | 2023-02-10 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Lyft shares fell more than 30% during Friday premarket trading as traders weighed a weaker-than-expected forecast from the ridesharing company in its most recent earnings report. LYFT 1D mountain Lyft shares tumble For market observers on Wall Street, that was hardly a good enough explanation. As of Thursday's close, Lyft shares jumped more than 47%, following a 74% drop in 2022. While the analyst did not have a price target available, his previous target in January was $24 for the stock. Lastly, Loop Capital's Rob Sanderson downgraded Lyft to hold from buy, and dropped the price target to $10 from $17.

☆ Stocks making the biggest moves midday: Lyft, Spotify, Expedia, Yelp and more
▼ + stars: | 2023-02-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Expedia — The travel company's stock toppled nearly 8% after falling short of analysts' revenue and earnings expectations for the recent quarter. Yelp — Yelp's stock jumped 4% after fourth-quarter revenue beat analysts expectations, according to Refinitiv. Deutsche Bank — Shares fell 3% after Bank of America downgraded Deutsche Bank to underperform from neutral, saying the European bank is "struggling to improve profitability." The decline in shares came despite a top-and-bottom line beat on analysts' expectations, according to FactSet. Adjusted earnings before interest, taxes, depreciation and amortization for the fourth quarter came in below analysts' expectations, according to FactSet.

Read our review Read Our Review A looong arrow, pointing rightThe Marriott Bonvoy Bold® Credit Card comes with an increased limited-time welcome bonus and good perks for a no-annual-fee card, but unless paying an annual fee is a dealbreaker for you, other Marriott cards — like the Marriott Bonvoy Boundless® Credit Card, Marriott Bonvoy Brilliant® American Express® Card, or Marriott Bonvoy Business® American Express® Card — are a better deal. Review: Is the Marriott Bonvoy Bold Credit Card the Best Credit Card for You? How to Earn Points With the Marriott Bonvoy Bold Credit CardThe Marriott Bonvoy Bold® Credit Card doesn't have as generous an earning structure as other Marriott credit cards, but you'll still have the opportunity to earn bonus points when you travel. Generally, the Marriott Bonvoy Bold® Credit Card requires a good to excellent credit score to be eligible, which means a FICO score of at least 670.Who is eligible for the Marriott Bonvoy Bold? You're also not eligible if you already have a Marriott Bonvoy Bold® Credit Card, Marriott Bonvoy Boundless® Credit Card, or Marriott Bonvoy® Premier credit card (not available to new applicants) open, or earned the welcome bonus from one in the past 24 months.

How to earn Southwest pointsCompare Southwest credit cards Southwest Rapid Rewards® Plus Credit CardSouthwest Rapid Rewards® Premier Credit CardSouthwest Rapid Rewards® Priority Credit CardSouthwest® Rapid Rewards® Premier Business Credit CardSouthwest® Rapid Rewards® Performance Business Credit Card Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Transfer points from Diners Club or hotel loyalty programsDiners Club members can also transfer Club Rewards points to Southwest — 1,500 Club Rewards points, for instance, would convert to 1,200 Southwest points. It's also possible to redeem points earned through participating hotel loyalty programs if you'd rather put them toward flights than hotel stays, though redemption rates are pretty low:5,000 Best Western Rewards points = 1,200 Southwest points6,000 Choice Privileges points = 1,800 Southwest points2,000 Radisson Rewards America points = 200 Southwest points50,000 Radisson Rewards America points = 5,000 Southwest points100,000 Radisson Rewards America points = 10,000 Southwest points9,000 Marriott Bonvoy points = 3,000 Southwest points30,000 Marriott Bonvoy points = 10,000 Southwest points60,000 Marriott Bonvoy points = 20,000 Southwest points90,000 Marriott Bonvoy points = 30,000 Southwest points120,000 Marriott Bonvoy points = 40,000 Southwest points5,000 World of Hyatt points = 2,400 Southwest points50,000 World of Hyatt points = 24,000 Southwest pointsNote that World of Hyatt throws in an additional 6,000 Southwest points as long as you're a member, while Marriott Bonvoy adds 5,000 Southwest points for every 60,000 Marriott points transferred. For instance, a $220 Business Select fare would yield 2,640 Southwest points, while a $200 Anytime ticket would yield 2,000 Southwest points, and a $100 Wanna Get Away ticket would yield 600 Southwest points. Earn Southwest points by taking online surveysYou can earn points by taking online surveys through E-Rewards — $15 worth of E-Rewards yields 300 Southwest points, $25 worth of E-Rewards yields 600 Southwest points, $50 worth of E-Rewards yields 1,200 Southwest points, and $100 worth of E-Rewards yields 2,400 Southwest points.

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