Self-driving cars are supposed to be our salvation, drastically reducing the 1.3 million road fatalities worldwide each year by replacing humans with robots who can do precision piloting and never get distracted, drowsy or drunk. So why did a self-driving Uber SUV being tested in Tempe, Arizona, strike and kill a woman March 18 without so much as hitting the brakes? The accident will only drive more anxiety about autonomy given that 63 percent of Americans already say they’d be afraid to ride in a fully self-driving car, according to a AAA survey. As experts and investigators pore over the Arizona fatality to determine the cause, here’s a look at some factors that may determine how safe robot rides may, or may not, be.1. How do self-driving cars work?Driverless cars “see” the world around them by using data from cameras as well as radar and lidar -- sensors that bounce laser light off objects to determine their shape and location. High-speed processors crunch … [Read more...] about Just How Safe Is Driverless Car Technology, Really?
Nestle SA plans to begin selling slimmed-down Milkybar Wowsomes chocolates in the U.K. and Ireland in the first implementation of a new technology that promises the same sweetness with 30 percent less sugar.The Swiss food giant said the new candy bars will be available on store shelves next week. It’s introducing them in markets where government and consumer groups are putting pressure on the food industry to reduce calories in snacks amid rising rates of obesity and diabetes, especially among children.The new products are the first application of a technology Nestle unveiled in 2016 that makes the structure of sugar more porous, so that a smaller amount produces the same sweetness. The company has likened the process to hollowing out sugar crystals.The U.K. government has set out to fight childhood obesity, targeting sugar reductions of at least 20 percent by 2020 in a range of products. The move comes after the introduction in Britain and elsewhere of sugar taxes to help fight … [Read more...] about Nestle to Bring Sugar-Reduction Technology to U.K.’s Milkybar
By and March 26, 2018, 10:57 AM EDT United Technologies Corp. is becoming a magnet for activist investors.Dan Loeb’s Third Point is interested in building a stake in the maker of jet engines, elevators and air conditioners, potentially raising the pressure on United Technologies as it considers breaking apart. Bill Ackman’s Pershing Square Capital Management has also taken a position in the company, Bloomberg News reported last month.Third Point didn’t reveal the size of any holding in United Technologies or say whether it would seek any changes at the Farmington, Connecticut-based manufacturer. United Technologies Chief Executive Officer Greg Hayes has pledged to consider splitting the company up later this year.Loeb’s fund and United Technologies were granted early termination under the U.S. Federal Trade Commission’s Hart-Scott-Rodino Act, according to a filing that appeared on the agency’s website Monday. The FTC filing is required when … [Read more...] about Loeb’s Third Point Eyes United Technologies Alongside Ackman
Author: European Economic and Social Committee. The following press release was issued by the European Economic and Social Committee on November 15, 2016 12:48. BRUSSELS – The European Economic and Social Committee (EESC) and the International Labour Organization (ILO) have started a two-day high-level dialogue on the future of work bringing together more than 300 representatives of the social partners and civil society in Europe. They are expected to map out the main drivers of change which are transforming jobs and the economy in Europe. Participants will discuss possible solutions to future of work challenges and examples of good practice that will feed into the ILO’s Centenary Initiative on the Future of Work. The contribution of civil society in Europe to this debate will be crucial in shaping a world of work that will best serve people and the economy. European workers and employers are facing major challenges induced by increased globalisation, non-standard forms of … [Read more...] about Globalisation, climate change, technological advances and rising inequality: European social partners and civil society to discuss the future of work
Jean Tardy-Joubert, who ran European operations for technology-focused investment bank Qatalyst Partners, has joined Highland Europe, a firm that provides growth capital to young companies in the region.Tardy-Joubert will be an advisory partner at Highland, the London- and Geneva-based firm said in a statement, while remaining a senior adviser at Qatalyst. Highland, which typically makes investments ranging from 10 million euros ($12.3 million) to 40 million euros, has an active portfolio of about 25 largely software-focused companies, including analytics provider Nexthink and travel-booking service GetYourGuide.The volume of capital entering the technology sector in Europe is growing rapidly as more investors look for ideas and brains beyond the familiar precincts of Silicon Valley, and governments seek to encourage innovation. About $19 billion was invested in European technology companies in 2017, up from less than $15 billion a year earlier, venture firm Atomico said late last … [Read more...] about Qatalyst’s Tardy-Joubert to Join Technology Fund Highland Europe