UBS announced a net profit of $1.4 billion for the second quarter of 2019.Earningsread more
Beijing says it can still meet its 2019 growth target of between 6% and 6.5% and continues to roll out stimulus measures to prop up activity. China set a 2019 industrial...China Economyread more
Japan and South Korea are part of a complex and tightly linked supply chain that produces electronic goods such as smartphones and laptops.Technologyread more
A different oil pricing dynamic has been evolving with new supply calculations based on the U.S. as the world's largest producer.Market Insiderread more
The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
Stocks in Asia Pacific edged up on Tuesday afternoon, as investors await closely-watched central bank meetings in the coming days.Asia Marketsread more
More than half of Venezuela's 23 states lost power on Monday, according to Reuters witnesses and reports on social media, a blackout the government blamed on an...World Politicsread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
The deal between the White House and Democrats was earlier expected to raise the debt ceiling for two years and permanently end the sequester.Politicsread more
Britain's Antstream is jumping into the cloud gaming battle with a streaming platform for retro titles. And Tencent just backed the company.Technologyread more
American comedian Hannibal Buress, who stars in "The Eric Andre Show," has made a recent transition into the world of business as an angel investor — but there's an important...How I Made Itread more
There's a war for talent in Pittsburgh's booming autonomous car market.
It started with Uber and now includes Argo AI, which is majority owned by Ford, and a start-up called Aurora Innovation. With so much hiring, it's a good time to be at the city's prized academic institution, Carnegie Mellon University.
Andrew Moore, the dean of Carnegie Mellon's computer science school, said that computer vision graduates right out of college are commanding pay packages of $200,000, which he described as "unheard of for any role until recently."
In addition to Uber, Argo and Aurora, Moore said there's a fourth self-driving car company in Pittsburgh that's not yet talking publicly.
"One of the effects is this dramatic salary rise for anyone with robotics engineering skills," said Moore, whose background is in artificial intelligence and robotics. "It does feel very much like a gold rush town at the moment."
Moore, who previously spent eight years at Google and ran the company's Pittsburgh office, estimates that there are 1,000 to 2,000 people in the city working on autonomous driving. Pittsburgh has become the de facto capital for self-driving car development, thanks to Carnegie Mellon's top-ranked robotics program and the city's openness to partnering with tech companies on risky endeavors.
Despite all of Uber's legal, cultural and management troubles, the ride-hailing company is aggressively hiring in Pittsburgh. Uber currently has 60 job openings there in its advanced technologies group, which houses the self-driving engineering team.
Aurora has 12 listings for both Pittsburgh and Palo Alto, the two cities the company calls the "nerve centers of self-driving technology." It has another opening in Pittsburgh for a vehicle operator manager. The start-up's creators came from Google, Uber and Tesla, where they were all working on related projects.
According to an April story in Fortune, Aurora will work with auto manufacturers and suppliers to build a "mix of sensors, software, and data services needed to deploy fully autonomous vehicles."
Argo captured headlines in February, when Ford announced a $1 billion investment for a majority stake in the company. Argo was founded by Carnegie Mellon alumni, who also happen to be former Google and Uber employees. Ford said that by the end of the year, Argo expects to have more than 200 people in Pittsburgh, Michigan and the Bay Area.
The company has job openings in Pittsburgh for software engineers, hardware engineers, vehicle operators and other positions.
"There is a healthy amount of poaching between the self-driving car companies in Pittsburgh," Moore said. "Overall, it's really good for the city because there are constantly new people moving in."