#1 | Uber’s growth slowing down dramatically

According to Uber’s self-reported financial results, bookings in the last quarter of 2018 rose to $14.2 billion. The company is left with $3 billion in revenue after paying out wages to drivers and delivery people. This means that the revenue is up 25 percent year-over-year in the fourth quarter, compared with 38 percent year-over-year growth in the third quarter, and 70 percent in the first quarter of 2018. This slowdown could ring alarm bells for investors as Uber is preparing for an IPO hoping to be valued as much as $120 billion. Other projects such as Uber Eats, Uber Freight, and investments in e-bikes and e-scooters are gaining traction, the company claims.…!Read more here: http://bit.ly/2GCYuSm http://https://cnb.cx/2BNr7bn http://bit.ly/2Xdjioq


#2 | California governor argues big tech should pay people for data

California Gov. Gavin Newsom has proposed “a new data dividend” arguing that consumers should be paid for providing access to their data. He argues that tech companies make billions “collecting, curating and monetizing our personal data” and that people have a right to enjoy part of the wealth created that way. Although Newsom didn’t specify which companies could be taxed, many suggest that Facebook and Google are some of the corporations that should pay consumers for their data. This initiative follows a critical data privacy bill that California passed last year and that, among other things, allows consumers to request that businesses delete their personal data and to disclose how they use it. Read more here:  https://bloom.bg/2GDYzVR    https://cnb.cx/2En3oAi


#3 | The never ending rise of delivery robots

A growing number of autonomous delivery robots are being tested on the sidewalks of London, Beijing, and many other cities worldwide. They could potentially move the last leg of deliveries to the sidewalk reducing traffic congestion in cities and communities. Furthermore, companies like Amazon could cut last-mile delivery costs by as much as 40 percent with a fully functional autonomous delivery system. There are obstacles on that road, though, such as hard-to-get city permits and thieves. And if robots fail to reach their full potential, perhaps old-fashioned bicycles might be the next best thing. Read more here:    http://bit.ly/2TaiEc2    http://http://bit.ly/2GURBep


#4 | JP Morgan has its own cryptocurrency

The US bank JP Morgan has developed JPM Coin, the digital token that will be used to settle payments between some of its institutional clients. The entire process will run on blockchain and it will take seconds to transfer money using the new cryptocurrency. The value of each token will be equal to $1. Furthermore, the new system that the company is testing could also enable customers to buy instantly JP Morgan-issued financial instruments. And most importantly, this move by one of the leading US financial organisations signals the growing acceptance of blockchain in the banking sector and we could see more and more of similar projects in the future. Read more here:   https://cnb.cx/2E1s4NG     https://cnn.it/2GUosQt

 

#5 | L’Oréal’s AI will help people to slow aging

L’Oréal and Modiface developed an AI-powered diagnostic tech that analyses user’s selfies and recognizes seven aging signs like under-eye wrinkles, dark spots, or pores. Each person is then provided with a personalized set of products that can address specific skin issues. This technology will soon be available on L’Oréal’s websites throughout the world under the name of Vichy SkinConsultAI. The company trained AI using 6,000 clinical images from its own research, as well as with more than 4,500 smartphone selfies of women with different racial background. Read more here: http://bit.ly/2XgDwhahttp://bit.ly/2tv3U9p

 

 

 

 

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