Uber suspends St. Louis driver who broadcast passengers on Twitch live stream

A ride-sharing driver in St. Louis who reportedly live streams his passengers has been suspended by Uber for violating its guidelines, the company said on Saturday. In a lengthy profile on Saturday, The St. Louis Post-Dispatch told the story of Jason Jason Gargac, a 32-year old Uber and Lyft driver who built a following on Twitch by broadcasting people who hailed his vehicle – some of them children. During each ride, more than 4,0000 viewers on his Twitch stream indulged in real-time commentary that frequently delved into crude, mocking and…

Here’s why Tesla’s Model 3 may face declining demand, despite Elon Musk’s claims

Recently, Elon Musk lashed out at a new analysis claiming that nearly a quarter of the more than 400,000 advance reservations for Tesla’s Model 3 battery-sedan have been canceled. But a closer look at Musk’s comment raises a different reason for concern: The prospect that new orders may not keep up with Tesla’s long-awaited production ramp-up at it’s suburban San Francisco assembly plant. When it opened the order bank up ahead of the Model 3 production launch in July 2017, Tesla saw a rapid burst of reservations, complete with $1,000…

A big and overlooked flaw with health tech: Patients hate going to the doctor

Digital health is one of the hottest spaces for investment, with companies raising $1.6 billion in venture capital in the first quarter of 2018 alone. Apple, Alphabet and Amazon are also making moves in the space with their own health-tracking apps and devices. These companies are getting really good at screening populations of people for health problems before they develop into serious medical issues. But they struggle to help patients with greater medical needs. Medical experts say that digital health can’t do much for users that are already sick, or…

Korean car brand Genesis is praised by critics but unknown to customers

Genesis is a young and still-obscure luxury brand, with a complicated history, that’s currently going through a time of tremendous change. The new upscale model from Korean carmaker Hyundai will soon begin rolling out its widely praised 2019 mid-sized G70. The sports sedan, which starts at around $32,000, is competing head-to-head with other entry-level luxury models, including the Mercedes C class or BMW 3 series. Consumer Reports ranked it the top automotive brand in February. It then topped JD Power’s Initial Quality survey in June. Industry researchers AutoPacific, also that…

Here’s what cybersecurity professionals at companies actually do, and why they’re so vital

There’s so much cybersecurity news these days, from elections integrity to stolen credit reports to the latest cybersecurity start-up, sometimes it feels like you need a decoder ring to make sense of it all. One way to start breaking through the jargon and intrigue is to try viewing these issues through the lens of the Chief Information Security Officer (CISO), typically the top cybersecurity executive at a company. The CISO role dates back to 1994, when banking giant Citigroup (then Citi Corp. Inc.) suffered a series of cyberattacks from a…

Elon Musk, Google’s DeepMind co-founders promise never to make killer robots

Tesla and SpaceX billionaire Elon Musk and all three of the co-founders of Google’s DeepMind are among the thousands of individuals and almost 200 organizations who have publicly committed not to develop, manufacture or use killer robots. “We the undersigned agree that the decision to take a human life should never be delegated to a machine,” reads the pledge published Wednesday and organized by the Boston nonprofit Future of Life, an organization that researches the benefits and risks of artificial intelligence along with other existential issues related to advancing technology.…

Microsoft will be a trillion-dollar company, say analysts

Analysts are beginning to think that Microsoft is close to being worth $1 trillion, given the company’s latest earnings results. Microsoft might not be the first company to the trillion-dollar mark — Apple on Friday afternoon had a $943.7 billion market cap, more than $100 billion ahead of Microsoft’s $821.4 billion market cap, and Amazon and Alphabet are both ahead of Microsoft as well. But the company’s valuation has grown considerably in the past four and a half years under Satya Nadella. Following the release of the company’s fiscal fourth-quarter…

Waymo’s self-driving cars log 1 million miles on public roads in a month

Waymo, the Alphabet self-driving car company that was spun out of Google, is picking up speed. The company’s autonomous vehicles just drove 8 million miles on public roads. What’s more, it took the company just one month to go from 7 million miles to 8 million miles driven. “We’re driving now at the rate of 25,000 miles every day on public roads,” CEO John Krafcik said Friday while addressing the National Governor’s Association. Waymo’s acceleration in logging miles with self-driving cars has picked up in the last year. In November…

Top VC deals this week: Atlassian co-founder bets on self-driving cars, actor Will Smith into VC

Here’s a roundup of the most important deals in venture capital in the last week. Zoox recently raised $500 million from investors to fulfill its ambitious vision of building an electric self-driving car from the ground-up, Bloomberg reports. The start-up is taking on giants from the technology and automotive worlds, like Alphabet, GM and Tesla, and hopes to launch its cars and a ride-hailing service in 2020. The round was led by Atlassian co-founder and CEO Mike Cannon-Brookes. Agriculture-tech company Indigo Agriculture, a 2018 CNBC Disruptor 50 company, is aiming…

Waymo’s autonomous cars have driven 8 million miles on public roads

Waymo, the self-driving unit of Google parent company Alphabet, has hit another milestone: 8 million miles driven on public roads. That translates into roughly 25,000 miles driven every day, which is light-years ahead of the company’s competitors and is the result of Google’s very early investment in self-driving technology. The news was delivered by the company’s CEO John Krafcik on Friday at the National Governors Association in Santa Fe, New Mexico, in an interview with Nevada Gov. Brian Sandoval. Last November, Waymo announced it had driven 4 million miles on…

How to hear (and delete) every conversation your Google Home has recorded

With an increasing number of households buying into virtual assistants like Google Home and Amazon Alexa, it’s important to keep in mind that these devices are designed to listen. This includes recording and learning the tone of your voice and improving voice recognition and features for the virtual assistant. It’s supposed to be a feature and not a bug, but it’s landed Amazon’s Echo speakers in hot water after they spontaneously erupted in laughter. Amazon claimed the affected Echo speakers were triggered by false positive commands. If you’re an Alexa…

DuckDuckGo slams Google following EU antitrust decision

In the wake of the European Union fining Google a record $5 billion for anti-competitive behavior with its Android products, rival search engine DuckDuckGo claims that the company’s antitrust issues don’t stop there. The allegation came in a series of tweets from the DuckDuckGo Twitter account as a response to the fine. In them, the search engine claims that the company’s “anti-competitive search behavior isn’t limited to Android,” but it also exists in other products, like the Chrome browser as well. “Every time we update our Chrome browser extension, all…

Here’s how to use Amazon’s iPhone app to find parts for things around your house

If you’re the type of person who spends weekends fixing and repairing things around the house, you know what it’s like when you’re missing a couple screws that are critical to getting a job done. Amazon’s iPhone app has a feature called « Part Finder, » which TechCruch has just covered, that lets you take a picture of the item you need and then search for it on the site. Maybe you have an old chair with rusted screws that you’d like to refinish, for example. Or maybe you accidentally…

JP Morgan predicts Tesla shares will plunge more than 40% before the end of the year

Tesla shares will fall dramatically the rest of this year due to its high valuation and rising competition, according to J.P. Morgan. The firm reaffirmed its underweight rating for Tesla shares, saying other automakers may price their electric cars aggressively. Tesla has a « highly differentiated business model, appealing product portfolio, and leading-edge technology, which we believe are more than offset by above-average execution risk and valuation that seems to be pricing in a lot, » analyst Ryan Brinkman said in a note to clients Friday. « We have highlighted…

Three top cybersecurity officials are reportedly leaving the FBI

Three top cybersecurity officials at the FBI are stepping down, The Wall Street Journal reported, citing people familiar with the matter. The departures come at a particularly sensitive time for cybersecurity concerns in the U.S. as special counsel Robert Mueller investigates Russian interference in the 2016 election and top intelligence officials warn of continued Kremlin attempts to attack the American election system. The Journal reported that David Resch, a cybersecurity head in the agency’s division that handles investigating financial crime and organized crime; Scott Smith, assistant FBI director and head…

Why UBS cloned an economist

Daniel Kalt appears in a private client meeting room at a branch of UBS, overlooking Lake Zurich. The Swiss bank’s regional chief economist and chief investment officer turns to look at me. I recognize his chiseled features, his slight smile and short hair, turning grey at the sides. But something is not right. Mr. Kalt looks a little pale. As he breathes, his head and shoulders move up and down, as if he is floating. This is not the real Mr. Kalt. It is a computer-cloned image on a wall…

US court OKs speedy appeal of AT&T-Time Warner tie-up

A federal appeals court on Thursday approved the U.S. Justice Department’s request for an expedited schedule for an appeal of a judge’s ruling that allowed AT&T to buy content provider Time Warner. The department said last Thursday that it would appeal a federal judge’s approval of the $85.4 billion acquisition. The court approved the Justice Department request that legal briefs must be completed by Oct. 18, with oral arguments « as soon as practicable. » That would be a significantly faster-than-normal timetable for an appeals court to hear a case.…

Google’s Loon to bring 4G to remote areas of Kenya – via balloon

Alphabet’s Loon is to bring 4G internet access to parts of Kenya using high-altitude balloons, it was announced Thursday. The pilot scheme is to be Loon’s first commercial service in Africa, achieved through working with Telkom Kenya, a partly-state owned telecommunications firm. “With this association with Loon, we will be partnering with a pioneer in the use of high-altitude balloons to provide LTE (4G) coverage across larger areas in Kenya,” said Aldo Mareuse, Telkom Kenya’s chief executive, in a press release. Loon’s balloons operate 20 kilometers (60,000 feet) above sea…

Amazon, Alphabet and Facebook – more than $2 trillion in market cap – report next week

The barrage of big tech earnings reports due out next week may overwhelm investors. After all, Alphabet, Facebook and Amazon have a combined market cap of $2.27 trillion, and these stocks could see meaningful drops if they fail to impress Wall Street. The options market, however, seems to be telling shareholders, “not to worry.” Stacey Gilbert, head of derivative strategy at Susquehanna, told CNBC’s “Trading Nation” on Thursday what the options are implying for shares of Alphabet, Facebook and Amazon next week. Here’s what she said. • From an options…

Rosenstein reveals how the Justice Department is fighting attacks on US elections

Deputy Attorney General Rod Rosenstein released a 144-page report Thursday evening, detailing actions he said the Department of Justice has taken to combat security issues related to U.S. elections, “foreign influence campaigns” waged on social media and the full scope of other cybercrimes. The DOJ’s Cyber Digital Task Force report seems designed to serve as a weighty reference guide to any questions of what U.S. law enforcement is doing to combat a proliferation of cyber threats. The report goes well beyond election threats, detailing nearly every major legal action, incident…

Google, Facebook, Microsoft, and Twitter partner for ambitious new data project

Today, Google, Facebook, Microsoft and Twitter joined to announce a new standards initiative called the Data Transfer Project, designed as a new way to move data between platforms. In a blog post, Google described the project as letting users “transfer data directly from one service to another, without needing to download and re-upload it.” The current version of the system supports data transfer for photos, mail, contacts, calendar and tasks, drawing from publicly available APIs from Google, Microsoft, Twitter, Flickr, Instagram, Remember the Milk and Smugmug. Many of those transfers…

China looks to the future of transportation with new hyperloop deal

China is looking to boost its high-speed transportation development as California-based Hyperloop Transportation Technologies signed a deal with the province of Guizhou to build its first track in the country. HTT and government-owned Tongren Transportation Tourism Investment Group will set up a joint venture that will build a hyperloop track and conduct research into the technology, the U.S.-based company said in an announcement on Thursday. According to Dirk Ahlborn, CEO of Hyperloop Transportation Technologies, the plan is to make a commercial line in the region that welcomes tourists. « I…

Chinese investment in Israeli tech is growing, and it’s ‘quite welcome’ for some

As the trade war between Washington and Beijing rolls on and investments from the mainland come under greater scrutiny in the U.S. and Europe, Chinese companies are increasingly turning elsewhere. One country poised to gain in investment is Israel. “There’s been a secular uptrend in Chinese investment in Israel for the past eight to 10 years, but it has been accelerating,” said Steven Schoenfeld, founder and CIO of BlueStar Indexes, a firm that develops Israel-focused indexes and exchange-traded funds. The vast majority of investment in Israel today still originates from…

UK security officials warn of ‘new risks’ from Huawei

See what a Chinese tech giant’s campus is like Top UK security officials say they can only provide « limited assurance » that telecom equipment provided by Huawei poses no threat to national security. The Chinese company, which sells smartphones and telecommunications equipment around the world, is monitored in the United Kingdom by a government oversight panel called the Huawei Cyber Security Evaluation Centre. In an annual report published on Thursday, the panel warned that « shortcomings in Huawei’s engineering processes have exposed new risks in the UK telecommunication networks.…

Uber loses another top executive

London mayor: Uber has to play by the rules Yet another Uber executive is leaving. Prabir Adarkar, the company’s head of global finance, is headed for the CFO’s office at DoorDash. His move to food delivery startup is the latest in a long string of high-profile departures from Uber. Adarkar joined Uber in 2015 to head up forecasting and financial planning. In a statement to CNNMoney, Uber CEO Dara Khosrowshahi said Adarkar has done « a terrific job as we start to prepare for an IPO. » His departure comes…

Venture firm’s partners make up the largest class of investors in its new $6.3 billion fund

Insight Venture Partners, a private equity and venture capital firm, raised $6.3 billion for its latest fund, the largest amount raised by the firm for a fund to date, and the firm’s managing partners combined are the largest investors in the fund. « This is the first time that we’re the largest investors in our fund, » Deven Parekh, managing director at Insight Venture Partners, told CNBC. “We believe in our strategy and are proud to be fully aligned with our limited partners, » he said. The firm announced this…

Emojis are key to getting consumers to open those pesky marketing messages

Marketers seem to have finally found a way to get customers to open up their emails and text notifications: emojis. Whether using a smiley face with hearts for eyes or a virtual gift box wrapped up, push notices with emojis are opened 254 percent more often than those without emojis, according to a study released on Tuesday, which was World Emoji Day. Emails with emojis are opened 66 percent more frequently than standard emails. The report, from mobile engagement platform Leanplum, analyzed 300 million mobile messages — emails and push…

Microsoft set to report earnings after the bell

Microsoft will report earnings for the fourth quarter of its 2018 fiscal year, which ended on June 30, after the bell on Thursday. The company will hold a conference call with analysts at 5:30 p.m. Eastern time. Here’s what analysts are expecting: Earnings: $1.08 per share, excluding certain items, according to Thomson Reuters. Revenue: $29.21 billion, according to Thomson Reuters. In recent years CEO Satya Nadella has focused investor attention around the Commercial Cloud, a group of products including commercial tiers of the Office 365 productivity software, Dynamics 365 business…

Internal documents show how Amazon scrambled to fix Prime Day glitches

Amazon failed to secure enough servers to handle the traffic surge on Prime Day, causing it to launch a scaled-down backup front page and temporarily kill off all international traffic, according to internal Amazon documents obtained by CNBC. And that all took place within 15 minutes of the start of Prime Day — one of Amazon’s biggest sales days every year. The e-commerce giant also had to add servers manually to meet the traffic demand, indicating its auto-scaling feature may have failed to work properly leading up to the crash,…

Strike three: Comcast can add Fox to list of huge acquisitions it’s failed to close

Declaring failure on a huge telecommunications acquisition has become old hat for Comcast CEO Brian Roberts. Comcast on Thursday formally withdrew its bid for Fox to focus on buying smaller U.K. media company Sky, as CNBC first reported earlier this week. In 2004, Comcast made an unsolicited $54 billion to acquire Disney, the very company it’s been dueling with to acquire the Fox assets. « This is a combination that we believe would restore the Disney brand, » Roberts said during a conference call at the time. « There is…