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Business, Financial & Legal Posts - Page 7

Amazon Go: Grocery shopping with no cash, no lines

By: Lana Jelic | More News: Business, Financial & Legal | Posted: Dec 5, 2016 9:45 pm

Today, you can order basically anything online, including groceries. But you are still going to end up grocery shopping at one point or the other, and the huge lines can be really annoying. Amazon has an alternative and has introduced Amazon Go, a shopping experience where instead of traditional checkouts, lines and cashiers, you enter, get your stuff and exit. No lines, no cashiers.



Amazon said they call this 'Just Walk Out Shopping' experience. First, you will have to download their Amazon Go app and use it when you enter the store. You take the products you want and walk out.


The checkout-free shopping experience is made possible by the same types of technologies used in self-driving cars: computer vision, sensor fusion, and deep learning. The technology automatically detects when products are taken from or returned to the shelves and keeps track on your app. When you leave the store, Amazon will send you the receipt and charge your Amazon account.

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European countries working to attract Tesla investment

By: Lana Jelic | More News: Business, Financial & Legal | Posted: Dec 1, 2016 3:25 pm

In November, Elon Musk announced that he plans to choose a location for Gigafactory 2 in Europe next year. He also said that the factory would combine both the production of batteries and complete cars.




Of course, many European countries would be thrilled to become the home of the Gigafactory 2. And rightfully so because the Gigafactory would create between 6,000 and 10,000 direct jobs, and an investment of around $5 billion, says Electrek.


Portugal is using social media to try to attract Elon to their country. They formed a Facebook group called 'Bring Tesla Gigafactory to Portugal!' and they already have more than 25,000 members, and growing. The group description states: "Let's bring the European Tesla Gigafactory to Portugal! Invite your friends to this group, including Tesla employees. Let's show Tesla how welcome they will be in Portugal and how Portugal is the place to be for their new factory in Europe."

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Apple joins the fight to end AIDS with special offers

By: Lana Jelic | More News: Business, Financial & Legal | Posted: Dec 1, 2016 2:33 pm

World AIDS Day, designated on 1 December every year since 1988, is dedicated to raising awareness of the AIDS pandemic caused by the spread of the HIV infection. Governments, non-governmental organizations, and individuals around the world mark this day, often by organizing educations on AIDS prevention and fundraising.




In honor of World AIDS Day, Apple is offering ways for customers to join (RED) in its mission to create an AIDS-free generation. Apple is the world's largest corporate contributor to the Global Fund, founded by, among others, Melinda and Bill Gates and Kofi Annan. This year marks Apple's 10th anniversary supporting (RED) in the fight to end AIDS.


Tim Cook, Apple's CEO, said in an official statement:


The gift of life is the most important gift that anyone can give. Thanks to the vision and dedication of (RED), an AIDS-free generation is within our reach. We want to leave the world better than we found it, and that's why our longtime partnership with (RED) remains so important to us.

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Space, the final frontier for startups

By: Lana Jelic | More News: Business, Financial & Legal | Posted: Nov 30, 2016 1:24 pm

"The cosmonaut training in Moscow saved my life," said Esther Dyson at the European Business Angels Network (EBAN) conference in Zagreb, Croatia. Back in the 2008 and 2009, she went through the training as a replacement for Charles Simonyi, a Hungarian-born American businessman who became the fifth space tourist in 2007, and in March 2009 he made a second trip to the International Space Station.




During her training, Dyson had gone through extensive coaching and learned a lot about every aspect of living in space. One of the routines during training were detailed medical inspections during which she was warned that she should carry out regular checks of the esophagus. She listened to the doctors and made sure she do as they said. This year she was diagnosed with esophageal cancer, luckily in the earliest stages and the cancer is completely curable. Dyson noted that if she hadn't gone through the space training and tests, the cancer might have been detected too late.


This journalist, investor, and philanthropist now invests in the non-profit sector, and during her speech, she explained that she didn't completely stop with the classic investments. One of the projects she invested in "sounds boring," she said jokingly because it's a private company that develops products and offers services for the commercial utilization of space - NanoRacks.

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Bruce Dickinson's advice to startups: Don't give up

By: Lana Jelic | More News: Business, Financial & Legal | Posted: Nov 29, 2016 7:03 pm

The European Business Angels Network (EBAN) conference opened its doors today in Zagreb, Croatia. One of the first speakers and certainly the biggest star of the event was Bruce Dickinson, the voice of the legendary band Iron Maiden.




Those who follow Dickinson's work know that he is so much more than an amazing voice behind the iconic band. He's a pilot, an entrepreneur, and an investor. Dickinson spoke about his business adventures and said that he approaches business the same way he writes songs. It doesn't matter if the music or the lyrics come first during the process, what matters is that it all fits in.


"You need to remember what it was like to be a child. Not childish, but child-like. You need to dream," said Bruce.


Dickinson pointed out a big difference between successful and unsuccessful companies - the first ones treat their customers as loyal fans, while the other ones treat them exclusively as customers that bring them money.

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Tesla snatches top Microsoft HoloLens designer

By: Lana Jelic | More News: Business, Financial & Legal | Posted: Nov 29, 2016 3:32 pm

Tesla recently snatched one of Microsoft's top designers, Andrew Kim. According to his LinkedIn profile, Kim spent three and a half years at Microsoft and will now join Tesla Motors to take up the role of Lead Designer.




During his work at Microsoft, Kim was highly involved in HoloLens, Microsoft's augmented reality project, so it's no wonder that everyone's asking what does Elon Musk have next in mind for his electric cars.


Perhaps we will soon see a first vehicle that uses augmented reality to its fullest. Imagine your windshield turning into a map, or your mirrors into monitors, etc.

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Apple's futuristic campus is nearly finished

By: Lana Jelic | More News: Business, Financial & Legal | Posted: Nov 28, 2016 2:24 pm

Apple's enormous campus in Cupertino is scheduled to open in 2017, and the latest drone footage from YouTube user Sexton Videography shows the progress of the spaceship-like structure.



The Apple Campus 2 looks nearly finished, and the video shows that most of the walls and solar panels are now in place.


The cost of the Apple Campus 2 is estimated to around $5 billion plus the cost of the land which was around $160 million. When finished, the campus will accommodate around 13,000 employees which is not nearly enough to house all of Apple's Bay-Area employees.

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Huawei claws away profits from Samsung

By: Lana Jelic | More News: Business, Financial & Legal | Posted: Nov 27, 2016 5:29 pm

The Galaxy Note7 fiasco left some serious consequences for the Korean giant. For the first time, Huawei has beaten them to become the world's most profitable Android device maker.




According to the new report from research company Strategy Analytics, the Q3 2016 shows a huge drop in profit for Samsung. Although they surpassed other Android smartphone manufacturers regarding volume and value of the devices they shipped, their profits dropped. The report notes that three other Android manufacturers reported a higher profit in the third quarter than Samsung.


To no one's surprise, Apple still holds the majority of the global smartphone profits. The report says Apple earned $8.5 billion in Q3, which is 91% of the total share. Huawei comes second with 2.4% of the share, or $200 million. Interestingly, Chinese manufacturer Vivo holds 2.2% of the share with just under $200 million, and the same results for Oppo in Q3 as well.


Samsung ended up in a joint group with other Android smartphone manufacturers who together hold 2.2% share.

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Amazon plans $1 billion push for Middle East dominance

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Nov 27, 2016 2:33 am

Amazon is looking to extend its retail dominance into the Middle East with the rumors that it will be acquiring, which some call the Amazon of the Middle East.




Bloomberg is reporting that Amazon will be making the $1 billion deal that would give it a large presence in the Middle East, in countries like Egypt, Saudi Arabia, and the UAE. Souq has been doing good things in the Middle East, overcoming issues we overlook in the US and around the world, like having to develop a new payment platform for a part of the world where credit cards aren't everywhere.


This means people can shop for products on Souq with prepaid cards sold at brick-and-mortar retail stores, topping them up when they need to. The other issue that needs to be considered is logistics, which is something that Amazon knows a little about - so I guess that means we can expect drones flying around in a country that doesn't have tight laws pressed on them like the FAA do in the US.

Xiaomi's smartphone sales drop, but they aren't worried

By: Lana Jelic | More News: Business, Financial & Legal | Posted: Nov 25, 2016 8:40 pm

Xiaomi blew everyone's mind last month when they announced their Mi MIX phone, which whether you like it or not, brought some innovation and courage (not the "let's remove the headphone jack" courage) to the market.




However, the company, according to the recent report from the research firm IDC, is struggling with smartphone sales. Last year, they missed their global smartphone target by 12%, and this year's Q3 sales in China, which is their primary market, have dropped by 45%.


We asked Anshel Sag, Associate Analyst at Moor Insights & Strategy, what caused the drop in Xiaomi's smartphone sales.


Xiaomi has been facing stiff competition in China from makers like Huawei, LeEco, Oppo and Vivo. They have recently expanded into markets like India, but they need to be present in the European and North American markets if they want to protect themselves from the cutthroat nature of the Chinese smartphone market. They need to diversify, and fast. That's why you're seeing Xiaomi express interest in the American market, it's just taken them too long. Phones like the Mi MIX would absolutely raise the company's profile globally if they could launch it in the US.

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