Earlier this week, Tesla (TSLA) CEO Elon Musk said that Tesla cars could run on “full autopilot” within the next 5 years. This claim comes much sooner than most experts were predicting, many of whom emphasize self-driving cars won't be commercialized until 2025.
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Stop Acting Like A Humin
Have you ever awoken from a night of partying, with a massive hangover, and a confused look, attempting to remember what happened? Well, if you've experienced this roller coaster ride, you probably know you're, sadly, destined to forget the prior night's shenanigans. This realization is often compounded when assessing your social media damage, only to be made worse by finding a random number in your phone.
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Fiat's Final Breath
Fiat (F.MI), Italy’s largest automobile manufacturer, and major producer of P. Diddy commercials, is leaving its Italian home, after 115 years, in a last ditch effort to survive. At its latest quarterly shareholder meeting, stakeholders agreed to merge Fiat with American car company, Chrysler, to form Fiat Chrysler Automobiles.
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Elon Musk, The Game Changer
Last Thursday, Tesla Motors (TSLA) CEO Elon Musk announced the electric car company will publish its technology patents. Musk stated that he and the company will not sue anyone who utilizes the patents, so long as they are used “in good faith.” The patents reference, but are not limited to, the technology within Tesla car batteries and the company’s charging station network. Since the announcement, analysts and investors alike are focused on how Tesla’s publication of valuable patents will (negatively) affect its future.
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An Uber Investment
Last Friday, transportation network provider Uber announced that it raised an additional $1.2 billion of primary capital, raising its valuation to $17 billion. In just one year, Uber’s perceived value has quadrupled; furthermore, the company is a mere four years old. Now, Uber operates in 128 cities, in 37 countries, around the world and is worth more than rental car competitors Avis (CAR) and Hertz (HTZ).
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Navigating The Maps Market
Apple (AAPL) has acquired social maps application Spotsetter to address its problematic maps application. In an attempt to differentiate itself from the competition, Spotsetter was designed to provide personalized destination recommendations for its users. This is accomplished by linking your social media accounts to Spotsetter's mapping service (i.e. via Facebook, Instagram, and Twitter).
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Never Leave Your Wingman
Ever wanted to join the mile high club? There’s an app for that and its name is Wingman: a new application that aims to be the “Tinder of the skies.” The apps’ purpose is to connect people that are at the same airport, or even on the same flight (for better or for worse). The application is still in its beta stage, but is supposed to have a design similar to that of Tinder.
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