Alphabet's Waymo roll out robotaxis without human

Alphabet's Waymo to launch robotaxis without human. The Mountain View technology giant will roll out ride-hailing service without driver and has tested fully self-driving car on public road in Arizona. Waymo CEO John Krafcik said Tuesday was the first in the world.

Waymo LLC as a well-funded startup technology has developed fully autonomous cars. Krafcik said the public will start riding the Fiat Chrysler Pacifica minivan fleet without drivers in service trials the next few months in Phoenix, Arizona, which has no snow and heavy rain.

People taking part in service trials will be the first customers to use apps on smartphones. Passengers will travel on their own, though can press the button to stop the car if needed. The state of Arizona does not prohibit to self-driving car.

"We see so much potential in shared mobility, the first way people can feel that Waymo's fully self-driving technology will be a driverless service," Krafcik said.

Waymo has been preparing all for eight more years as a pioneer in autonomous vehicle technology and has tested the system in six states. Last week, AutoNation Inc. announced a multi-year partnership for vehicle maintenance and repairs for Waymo operations.

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Norwegian Coastal Administration prepare Stad Ship Tunnel construction to cut shipping lanes Stad peninsula

Tinuku ~ Norwegian Coastal Administration has begun Stad Ship Tunnel construction as the world's first ship tunnel to navigation bypass at Norway windy sea. A design made 1,700 meters long tunnel through the hills on the Stad peninsula which allows the ship to escape from one of the most dangerous region in the world.

PayPal acquired Sweden's iZettle.com for $2.2 billion

PayPal Holdings Inc. said on Thursday it had agreed to acquire Sweden's iZettle.com for US$2.2 billion. Startup headquartered in Stockholm is one of the most renowned financial technology companies in Europe where the deal will allow PayPal to expand the market globally and will mark the largest acquisitions ever made by a company based in San Jose, California.

iZettle offers a mini credit card device for small businesses that can turn smartphones and tablets into payment registers. The company has been present in 11 countries and offers other services for small businesses including loans. iZettle also has plans to go public.

The deal will also help PayPal provide a more comprehensive suite of services to its merchants, while PayPal that operates in the next 200 countries allows iZettle to accelerate its international expansion including the US. Similar services and major competitors in the US are Square Inc founded by Twitter CEO Jack Dorsey.

Since separating from eBay in 2015, P…

Foxconn unit to raise $4.2 billion IPO in Shanghai

Foxconn unit to collect US$4.2 billion in an IPO on the Shanghai stock exchange. Taiwan's Foxconn Industrial Internet as one of Foxconn's electronics manufacturing giant units that makes cloud services and industrial robot equipment will float 10% of total shares in an initial public offering in China on Thursday aiming to raise 27.1 billion yuan as China's biggest mainland debut for three year.

Taipei-based Foxconn, also known as Hon Hai Precision Industry Co. is the world's largest electronics contract manufacturer, a major supplier of components and assembler products by international brands including Apple and Sony. Foxconn Industrial Internet will launch 1.97 billion new shares at 13.77 yuan per share to raise 27.1 billion yuan (US$4.2 billion).

The IPO will be the largest in mainland China since 2015. Foxconn said it will use the funds raised to improve smart manufacturing, build an internet platform to connect factories, invest in cloud computing and fifth gener…

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