Business News Weekly ─ December 24, 2018
Elon Musk’s tunnel, the digging venture for his company, Boring, will be demonstrating his tunnel under Los Angeles in the coming week, tied in with a press conference. As reminder, he claims this is the future of transportation in cities to reduce all the stress in traffic.
“Tech Unicorns are rapidly going public” ─from an article in the Wall Street Journal. In 2018, 38 companies valued at $1 billion or more had an IPO listed shares in the US.
Elite universities are cashing in on the popularity of donor advised funds by inviting big givers to have their money managed by the same high-powered investors who oversee their endowments.
Flood in the US powered China dominance, which has China demolishing rivals to produce much of what American consume, from low-tech products such as toys, gadgets, and sporting goods.
“Artificial intelligence has some explaining” ─ from Bloomberg Magazine. Where AI computer program specifies the data from which the software should learn and write a set of instructions, but it doesn’t dictate exactly what it should learn. The article says this is what gives AI much of its power.
UBER has responded to competition and will offer an IPO in 2019. It would become potentially one of the five biggest IPOs of all time, being valued at $120 billion.
Apple faces trouble in China, as chipmaker QUALCOMM won a ruling of patent infringement that prevents a sale of some of iPhones in the biggest market.