As China's economic growth declines, some analysts say Beijing may have to spend more on infrastructure, adding to concerns about high debts.China Economyread more
The largest U.S. banks are scrutinizing members of the Federal Reserve for any insight into how the central bank will tinker interest rates.Banksread more
The U.S. and China restarted their trade talks, but signs are showing a comprehensive deal could be a long way off, if it happens at all.Marketsread more
"The charts, as interpreted by Carley Garner, suggest that the upside in the stock market has gotten more limited," Jim Cramer says.Mad Money with Jim Cramerread more
U.S. President Donald Trump said Tuesday that Washington and Beijing have a long way to go on trade, adding that America could place tariffs on an additional $325 billion...Asia Marketsread more
Facebook's cryptocurrency project has already been met with skepticism from policymakers around the world.Technologyread more
Stone, 66, a notorious Republican political operative who has described himself as a "dirty trickster," had previously been dressed down by the judge for his public remarks...Politicsread more
Delta is gathering more data from customers than ever in hopes of avoiding customer service problems and increasing customer satisfaction, its CFO says.At Workread more
The Biden team's second-quarter Federal Election Commission filing shows that the campaign wrote a check of just over $5,300 on June 28 to Sheehan Associates for "strategic...2020 Electionsread more
See which stocks are posting big moves after the bell on July 16.Market Insiderread more
While the vote served as a show of solidarity for Democrats, it recommended no substantive penalty against Trump.Politicsread more
Drive.ai, a California-based computer software company, will launch an autonomous car ride-hailing service in Texas.
The pilot program begins in July, amid increased scrutiny over the safety of driverless cars. But Sameep Tandon, the company's co-founder and CEO, said the fleet of cars has been tested and they are safe. He said the vehicles' bright orange color will help them avoid accidents.
"When you see a school bus, you have a slightly different behavior when you drive around it," he said.
Tandon, who holds a doctorate in computer science from Stanford University and was a research assistant there for deep learning on autonomous driving, said other safety precautions include multiple sensors, cameras, radar and lidar on all vehicles. The automobiles have also been tested by way of simulator systems and in geo-fenced locations, or places that use software with GPS to test the service.
The service will change the way people "micro-transit," that is, those five- to seven-minute trips, Tandon said.
"It's a little bit too hot and you don't want to take a car ride," he said. "Or, you're a little bit feeling guilty that you don't want to take your car there."
"We think we're solving a real transportation problem here," Tandon said.
Still, public concerns over autonomous vehicles have heightened since an Uber vehicle in self-driving mode struck and killed a pedestrian in Arizona in March.
On Monday, Uber released a statement saying the accident was likely caused by "false positives," or computer software that programs autonomous vehicles to ignore random objects on the road, such as floating plastic bags. The software, the company said, is an issue for all autonomous vehicles, not just Uber.
Mass adoption of driverless cars may not come anytime soon, Tandon said. But his company, he said, is moving one step closer.
"The cool part about this entire AI approach is that as this system gets more data and experience, it's going to continue and learn and get better," Tandon said.