Amazon and Whole Foods Market announced the introduction of free two-hour delivery of natural and organic products from Whole Foods Market through Prime Now, with plans to expand across the U.S. in 2018. Starting today, Prime customers in neighborhoods of Austin, Cincinnati, Dallas and Virginia Beach can shop through Prime Now for bestselling items including …
Jeff Bezos was worth $116 billion yesterday and today Amazon stock is up 4.7%. Jeff Bezos is worth about $122 billion. Bezos is worth more than Bill Gates ($94.8 billion) and Elon Musk ($21.5 billion) combined. Amazon is worth $702 billion. Apple is worth $828 billion. Microsoft is worth $709 billion. Alphabet (Google) is worth …
There were two biotech buyouts this week. Celgene bought CAR-T player Juno Therapeutics for $9 billion and Sanofi buying blood disorder biotech Bioverativ for $11 billion. Kite Pharmaceuticals, CAR-T company, got acquired late in 2017 by Gilead for $12 billion. Both Juno and Kite had been billed as CAR-T platform play. CAR-T acquisitions provide near-term …
Amazon Go is a new kind of store with no checkout required. We created the world’s most advanced shopping technology so you never have to wait in line. With our Just Walk Out Shopping experience, simply use the Amazon Go app to enter the store, take the products you want, and go! No lines, no …
Digital payments in China are processed by scanning QR codes at the point of sales which link to the customer’s bank account in China. China’s mobile payments were 58.8 trillion yuan in 2016. Xinhua News reported that consumers in China’s third-party mobile payment market spent a total of $3.46 trillion (23 trillion yuan) in mobile …
The World Bank forecasts global economic growth to edge up to 3.1 percent in 2018 after a much stronger-than-expected 2017, as the recovery in investment, manufacturing, and trade continues. Growth in advanced economies is expected to moderate slightly to 2.2 percent in 2018, as central banks gradually remove their post-crisis accommodation and the upturn in …
The magazine Ikea ad, running in Sweden, encourages the reader to pee on it. If she does so, and is pregnant, the ad reveals previously invisible text offering a discounted price on a crib—using similar technology that pregnancy tests use to show a positive result. Reaction has been mostly positive—the ad is undeniably clever, after …
Mega funding rounds in Asia led by the biggest ever fund raise of $5.5 billion by China-based Didi Chuxing propelled the overall venture capital funding to reach record levels in 2017. According to a recent report by Preqin, 2017 was a record year for venture capital-backed deals, with 11,144 deals announced for an aggregate deal …
In an effort to improve internal communications, Airbus recently partnered with Singularity University for a 6-month partnership. Together they were able to scope, design, engineer and test a prototype of a mixed reality (XR) communications, collaboration, and learning platform that revolutionized the way Airbus communicates its culture and value to internal employees. The creation of …
Canada’s Loblaw supermarkets is pre-ordering 25 Tesla electric trucks by placing a $5000 downpayment on each. They will also convert all of their fleet of 350 trucks to Tesla electric trucks by 2030. Tesla will not complete their first trucks until 2019. Platooning will be revolutionary in cost with energy efficiency and fewer jobs In …
There are some videos of business advice and motivation from Elon Musk and a transcript of a commencement speech Elon gave. 1. If you want to start a company, you need to work super hard. So what is super hard mean? 7 days a week for 80-100 hours a week for a year. This is …