Skip to main content

TuSimple Inks Delivery Contract With USPS

TuSimple -- the driverless truck startup that raised $95 million earlier this year at a $1 billion valuation -- has been awarded a contract from the United States Postal Service (USPS) to transport packages over 1,000 miles between the Postal Service's Phoenix, Arizona and Dallas, Texas distribution centers. TuSimple will deliver these packages with self-driving trucks that'll have a safety engineer and driver on board for the duration of the journey.

TuSimple will run some of its driverless trucks for 22 hours each -- including overnight driving -- along the I-10, I-20 and I-30 corridors on a trip through Arizona, New Mexico and Texas. Freight flowing through the I-10 (Interstate 10) corridor notably accounts for 60% of total economic activity in the U.S.


The Postal Service -- which has operated for a long 24 decades -- is exploring the use of driverless trucks to reduce fuel costs and improve safety and its fleet utilization rate through longer hours of operation. TuSimple …

Oracle Inks $200 Million Deal To Rename San Francisco Giants’ Stadium

Oracle co-founder and CTO Larry Ellison

image : Yuichi Sakuraba on Flickr

Oracle has payed more than $200 million for naming rights to the San Francisco Giants’ Stadium following a split with AT&T which currently occupies the position, Bloomberg says, the San Francisco Chronicle first reported the move but didn't include a specific price, stating the deal could be worth between $300 million to $350 million.

The SF Chronicle says the change is effective immediately with the San Francisco Giants set to replace the AT&T signs installed on its stadium in 2006 with temporary Oracle Park banners. This would mark the second Bay Area sports venue Oracle has acquired naming rights for now that the Golden State Warriors (the NBA team whose venue flaunts its name) are moving to the Chase Center in the same city, a name that banking giant JP Morgan Chase agreed to pay $15 million to $20 million annually over a span of 20 years for.

A San Francisco Giants fan wears its colours

image : Thomas Hawk on Flickr

Oracle will own naming rights to the Major League Baseball stadium for 20 years, the report says, noting of an interview with Giants President and CEO Larry Baer who termed the deal “very much in line with other recent naming-rights deals for top-tier facilities.”

Giants' fans would now have to get accustomed to a fourth name for the venue since it opened as Pacific Bell Park in 2000. Pacific Telesis, a result of a U.S. Department of Justice antitrust suit against the former American Telephone & Telegraph Company (later known as AT&T Corp) that led to a split into seven independent Regional Bell Operating Companies purchased the rights to a then not-yet constructed stadium in 1996 where the Giants now play for $50 million over 24 years with an additional $8 million paid to expand the deal.

Artist rendering of Oracle Park

image : San Francisco Giants

It later became part of what is now known at AT&T Inc after some telecom mergers and acquisitions and got the AT&T name installed on the venue since 2006. AT&T gave the Giants an option of putting an end to the naming deal if they could find a new partner, the SF Chronicle says.


Comments

Most Read Posts

Boosted Boards Nabs $60 Million Series B Funding

Electric skateboard manufacturer Boosted has raised $60 million Series B funding co-led by Khosla Ventures and iNovia Capital with participation from existing investors Stanford-StartX Fund and Bay Meadows. This rounds brings the total raised by Boosted to over $70 million and will see former Google CFO and iNovia partner Patrick Pichette move from an existing independent board position at the company to a preferred board seat.

"Today’s generation is quickly adopting light electric vehicles as a superior way to commute, saving both time and money over existing options while enjoying the ride," Boosted CEO Jeff Russakow says. "However, the majority of lightweight vehicles on the street today are leisure-grade or toy-grade products, when riders need vehicle-grade products that provide exceptional acceleration and braking performance, safety, durability, and superior design."


"Boosted has been perfecting street-quality technologies for the electric skateboard ma…

Angela Ahrendts Joins Airbnb's Board

Airbnb has added former Apple retail chief and ex Burberry CEO Angela Ahrendts to its board. She'll serve as the company's third independent non-affiliated board member, the other two being former American Express CEO Ken Chenault and former Pixar Studios CFO Ann Mather (who also serves on the boards of Netflix, Alphabet, Arista Networks, Glu Mobile and Shutterfly).

Ahrendts led global retail at Apple for five years before stepping down this year to be replaced by three decade running Apple Veteran Deirdre O’Brien. Prior to Apple, she spent eight years as CEO of British luxury brand Burberry. She also spent 25 years in New York as an executive at fashion brand Liz Claiborne and as President of Donna Karan International prior to Burberry.


Other notable Airbnb board members include LinkedIn co-founder Reid Hoffman, Sequoia's Alfred Lin, Andreessen Horowitz's Jeff Jordan, and co-founders Joe Gebbia, Brian Chesky, and Nathan Blecharczyk.



TuSimple Inks Delivery Contract With USPS

TuSimple -- the driverless truck startup that raised $95 million earlier this year at a $1 billion valuation -- has been awarded a contract from the United States Postal Service (USPS) to transport packages over 1,000 miles between the Postal Service's Phoenix, Arizona and Dallas, Texas distribution centers. TuSimple will deliver these packages with self-driving trucks that'll have a safety engineer and driver on board for the duration of the journey.

TuSimple will run some of its driverless trucks for 22 hours each -- including overnight driving -- along the I-10, I-20 and I-30 corridors on a trip through Arizona, New Mexico and Texas. Freight flowing through the I-10 (Interstate 10) corridor notably accounts for 60% of total economic activity in the U.S.


The Postal Service -- which has operated for a long 24 decades -- is exploring the use of driverless trucks to reduce fuel costs and improve safety and its fleet utilization rate through longer hours of operation. TuSimple …

Apple's New MacBook Pro Is Its Fastest Ever

Apple has debuted a new MacBook Pro with 8th- and 9th-generation Intel Core processors, marking the first time the MacBook Pro is coming with eight cores. The updated MacBook Pro is Apple's fastest so far, delivering two times faster performance than a quad-core MacBook Pro and 40% more performance than a 6-core one.

The new MacBook Pro also features:
The Apple T2 Security ChipRetina display (500 nits of brightness)All-day battery lifeSuper-fast SSDs and as usual, macOSTouch IDThunderbolt 3 ports for data transferA Force Touch trackpadSupport for the P3 wide colour gamut and True Tone technology
It comes in 13-inch and 15-inch versions that retail for $1,800 and $2,400 respectively.



Udacity And Mercedes-Benz Launch New Nanodegree

Udacity is building further on its partnership with Mercedes-Benz, this time launching a "Sensor Fusion Engineer" Nanodegree program. Udacity is working with Mercedes-Benz Research & Development North America (MBRDNA), notably one of the first automotive manufacturers to get hold of a license to test driverless cars on public roads in California.
Udacity first partnered with Mercedes-Benz Research & Development North America in 2016 to launch its "Self-Driving Car Engineer" Nanodegree program, one that has seen more than 21,000 enrollments from 120 countries. Udacity says "many of its graduates" have landed new jobs at the likes of BMW, Bosch, Lyft, Nvidia, Audi, and Jaguar Land Rover.

Likewise, Mercedes-Benz currently employs more than 40 Udacity Nanodegree graduates and is also training a group of its employees with them. Enrollment for the newly created program starts on the 21st of May. The program comprises of 4 courses and is expected to ta…

Medium Said To Have Between 200k-400k Paying Subscribers

Medium -- the online publishing startup led by Twitter co-founder and former CEO Evan Williams -- has seen its number of paying subscribers grow to between 200,000 and 400,000 according to a Cheddar piece. This implies at least $10 million in annual revenue from subscriptions alone in consideration to Medium's $50 annual fee for access to unlimited articles from publishing partners and solo writers.

Medium was founded in 2012 and has raised $132 million in total funding according to Crunchbase data, at a most recent $600 million valuation. Amid keen competition in the online publishing world, growing to an above 200,000 paying subscribers count in 7 years is quite impressive.

Medium is somewhat similar to the news subscription service unveiled by Apple earlier this year but covers a much wider range of content. The company was previously reported to be considering an acquisition of New York Magazine although such purchase didn't go through. Nevertheless, Medium acquired Bay A…

Xiaomi Reports $6.3 Billion Q1 Revenue

Xiaomi has released its financial results for the first quarter of this year, reporting 43.8 billion yuan ($6.3 billion) revenue and profit of 3.2 billion yuan ($460 million). This indicates a 27% jump in revenue on an annual basis. The bulk of revenue -- 27 billion yuan ($3.9 billion) -- came from smartphones, a 16.2% increase from the same period last year.

Xiaomi shipped 27.9 million smartphones in Q1 2019 and ranked 4th globally in terms of volume of smartphone shipments according to market analyst firm Canalys. Revenue from IoT and lifestyle products like smart TVs and air conditioners rose 56.5% year-on-year to 12 billion yuan ($1.74 billion).


Xiaomi has now sold a total of 2.6 million smart TVs worldwide. Other key stats from the company's Q1 results include:
4.3 billion yuan ($620 million) internet services revenue.2.3 billion yuan ($330 million) advertising revenue.16.8 billion yuan ($2.43 billion) revenue from international markets.171 million devices now connected on it…

Meet Ford's Delivery Robot

Ford recently teamed up with Agility Robotics -- a Playground Global backed robotics company spun out of Oregon State University -- on a new bipedal autonomous delivery robot named Digit, that'll carry out the final step of getting delivered packages from the vehicle to the customer's door. The new robot is a stand-out concept of many designs and visions laid out by various companies for robo-deliveries.

Digit, the two-legged robot is made of lightweight material and is capable of lifting packages weighing up to 40 pounds (18.1kg). It can go up and down stairs, work through uneven terrain and even react to physical actions like being bumped into without losing its balance and tripping over.



Ford and Agility Robotics fitted the package delivery robot with wheels to make it easy for walking through obstacles. It's capable of folding itself up for easy storage at the back of a delivery vehicle until it's called into action. In Ford's vision, the delivery vehicle will…

GitHub Acquires Dependabot

GitHub has announced it has acquired Dependabot, a tool that aids developers steer clear of introducing security issues via bugs in open-source libraries. GitHub is directly integrating the service, which will now be free, even with refunds for users that paid for future months. Now, users will also be able to configure Dependabot within GitHub without the use of the Dependabot dashboard.

The existing Dependabot app has been ramed to Dependabot Preview and will remain available in the GitHub Marketplace. GitHub has doubled the number of people working on Dependabot and is promising "lots of great improvements over the coming months."



Private equity giant Hellman & Friedman buys into home security startup SimpliSafe at a reported $1 Billion Valuation

image credit : SimpliSafe

Boston based home security startup SimpliSafe which provides self-installed security systems which are used by a huge number of homes in the U.S. has now sold a major interest in the company to Global private equity and investment giant Hellman & Friedman for an undisclosed sum which according to various sources values the company at a huge $1 Billion

The company which last raised $57 million in a Sequioa Capital led round and has been growing very well with the company counting over 300,000 customers as far as 2015 and a vast number of consumers currently making use of its suite of home security products.

This majority acquisition represents another move by Hellman & Friedman making huge acquisitions and bets in the technology space with the investment company's tech portfolio including notable companies like DoubleClick, Getty Images, Customer experience solutions company Genesys amidst other of its notable investments.

SimpliSafe will now conti…