The competition for streaming device dominance is a fierce one, but Google is one of the companies sitting at the top of the heap. Google announced during its Q2 2016 earnings call that sales of its Chromecast line up of devices has jumped to 30 million. The last time Google shared Chromecast sales numbers was in May, when it said … Continue reading
Honor might be a Huawei sub-brand, but it’s definitely taking the spotlight today. It’s introducing the Honor Note 8, an upper-mid-range behemoth meant to take on the likes of Xiaomi’s Mi Max. Its focal point is undoubtedly its 6.6-inch, 2,560 x 1,44…
For years, people have used BBC iPlayer as a way to avoid the licence fee. If you watched everything on-demand, rather than tuning in live, it meant you didn’t have to pay the age-old subscription. The British government has wanted to close this “iPl…
Want a display that can take any shape? You might not need a factory to cut it for you in the future — you may only need a pair of scissors and a steady hand. Japan’s National Institute for Materials Science has developed a flexible, organic/metal h…
Oh yes, it’s already that time of year. Temperature are still sitting in the triple digits in some places, but many of you are just four weeks away from a new school year, heralding the end of summer. Once again, Engadget has put together a back-to-s…
After livestreaming the Democratic National Convention, Wimbledon and MLB and NHL games, Twitter is diving into the entertainment space with a stream of the Suicide Squad red carpet premiere in NYC. It’ll kick off at 6 PM tonight from the Beacon Thea…
Ask a YouTube star why they don’t share videos directly to Facebook or Twitter and they’ll probably tell you that there’s no money in it — they make far more from YouTube ads and sponsored clips. The social networks are doing something about that,…
Pokemon Go isn’t the only adorable-monster-hunting game to get a physical accessory — Pokemon Sun and Moon will connect to the Z-Ring, a peripheral that lights up, vibrates and makes noises whenever players use special Z-Moves in the games. Z-Moves…
Tesla was looking into a possible acquisition of SolarCity and it finally sent out a confirmation today. The electric car manufacturer has announced its intention to acquire SolarCity for $2.6 billion. The company says that this acquisition will enable both of them to scale their solar and battery operations with Tesla describing the combined entity as “the world’s only vertically integrated sustainable energy company.”
Tesla has also said that acquiring SolarCity will enable it to develop “fully integrated residential, commercial and grid-scale products” which will be used for generating, storing and distributing solar power.
The electric car company has announced an all-stock $2.6 billion offer for SolarCity, stockholders in the solar energy company will receive 0.110 common Tesla share per SolarCity share that they own. SolarCity’s stock has been valued at $25.37.
It’s interesting to note that Tesla co-founder and CEO Elon Musk is the chairman of SolarCity and he also happens to be the largest individual shareholder of both SolarCity and Tesla. Moreover, SolarCity CEO Lyndon Rive happens to be Musk’s cousin. According to Reuters, due to the potential for a conflict of interest, Musk, Rive and several other Tesla and SolarCity executives have recused themselves from voting on the deal.
Tesla is going to have to wait before this deal can be completed because it includes a 45 day “go-shop” clause which effectively allows SolarCity to consider any and all alternative offers until September 14th, 2016. Tesla remains confident that it will be able to close this deal in the fourth quarter of this year.
Tesla Announces $2.6 Billion SolarCity Acquisition , original content from Ubergizmo. Read our Copyrights and terms of use.
If you’ve been looking for a reason to visit Singapore and you love the idea of autonomous cars, well then this is the perfect reason for you to make a trip. Delphi today announced that it has started testing its self-driving car service in Singapore. Delphi is going to provide a fleet of autonomous cars to the Singapore Land Transport Authority as well as the software required for this program.
Delphi has provided a fleet of Audi SQ5s which are capable of driving themselves. For this test the company will be using three fixed routes which cover an area of about 5 miles.
During the initial phases of this test, a driver will be present in the car at all times to take over in the case of an emergency but over time the human driver will be removed. The ultimate aim is to have self-driving cars on the road that don’t even have a steering wheel.
“It allows us to demonstrate that we have the complete ecosystem, knowledge and capability, the vehicle, the sensors, the automated software controlling connectivity to the cloud, the management of the fleet, the data and analytics on how the vehicle is performing,” said Glen DeVos who is the vice president of engineering for Delphi.
Delphi is going to run the test in Singapore for about three years and it’s aiming for a full commercial release by the year 2022.
Delphi Self-Driving Car Service Enters Testing In Singapore , original content from Ubergizmo. Read our Copyrights and terms of use.
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