Rising home prices and conservative borrowing have today's homeowners sitting on a record amount of potential cash. Today's mortgage holders saw their home equity increase by...Real Estateread more
Stocks have been grinding sideways, but technical analysts say once they breakout, the move to the upside could be powerful.Market Insiderread more
The fresh round of cuts is on top of an estimated 4,500 temporary layoffs GM and its suppliers handed out to employees as of Friday.Autosread more
The new wireless earbuds, codenamed "Puget," are expected to come with an accelerometer and be able to monitor things like the distance run, calories burned, and pace of...Technologyread more
Think about the last TV show you recommended to a friend, or the last one that was recommended to you. Odds are, it was from a premium service like HBO, Netflix or Amazon.Entertainmentread more
SpaceX is deep into development of its Starship rocket, with recent updates from CEO Elon Musk showing the first one under construction.Investing in Spaceread more
Greta Thunberg, a 16-year-old Swedish environmental activist, delivered a powerful message at the United Nations Climate Action Summit on Monday.Environmentread more
The Mac Pro is the only major Apple computer to be assembled in the United States. Most of Apple's products, including the iPhone, are assembled in China and are facing tariff...Technologyread more
SoftBank wants to push Neumann out of the CEO role ahead of the IPO.Technologyread more
Toys R Us' bankruptcy caused a 7% surge in sales for the toy industry during the first half of 2018 as parents stocked up, then sales fell 2% as manufacturers experienced...Retailread more
After an unexpected loss of subscribers and increased competition in the streaming war, shares of Netflix erased all of its 46% gain for the year at its peak and officially...Marketsread more
Venture capitalist Bill Gurley thinks it will be more than 25 years before the majority of rides in any major American city are performed by autonomous vehicles with no steering wheel.
"We have created a society where you can sue anybody for anything," Gurley said.
But Asia, Gurley said, is a different story.
"That's going to happen first in Singapore or China, most likely China I would say, for a couple of reasons," Gurley said.
"You have a single-minded government that can make decisions implicitly. You have a much higher death rate per mile driven...so you have more of an incentive. There's zero chance that China can evolve the way America did as far as cars per household — it's just impossible,
Gurley spoke with angel investor Jason Calacanis from the LAUNCH Festival in San Francisco. Both are investors in Uber, which has an existential need for self-driving technology, according to boss Travis Kalanick. Gurley in particular has a lot to gain from Uber's success: The firm where he's a partner, Benchmark Capital, invested $11 million in the fledgling company in 2011 at a valuation of $60 million, according to Crunchbase. Uber is now worth more than 1,000 times that -- its last private valuation was $68 billion.
But Uber's self-driving car division has been under pressure, after a lawsuit alleging it had stolen trade secrets from Alphabet's
Calacanis said they could not comment on the specifics of what's going on at Uber.
Over the next five years, hundreds of companies will claim to have successful self-driving cars, Gurley said. But he said he's reading between the lines of press releases, which often tout tests in very controlled environments that do not totally reflect the real world.
"The part we haven't figured out yet, the last 3 percent, which is snow, rain, all the really, really hard stuff — it really is hard," Gurley said. "They have done all the easy stuff."
Watch: Uber's long-awaited diversity report