Bumblebee Spaces is making robotic systems for your home so you can store stuff on the ceiling

Bumblebee Spaces is creating robotic apartments that double your room’s usable space by storing furniture and belongings on the ceiling. Your possessions descend with a voice command or the push of a button, and storage units are equipped with artificial intelligence and tiny cameras that list your items in a searchable inventory. The company is hoping to manufacture hundreds of these units by the end of 2019. The current price for developers is $6,000 to $10,000 for a full bedroom set. Bumblebe


Bumblebee Spaces is creating robotic apartments that double your room’s usable space by storing furniture and belongings on the ceiling. Your possessions descend with a voice command or the push of a button, and storage units are equipped with artificial intelligence and tiny cameras that list your items in a searchable inventory. The company is hoping to manufacture hundreds of these units by the end of 2019. The current price for developers is $6,000 to $10,000 for a full bedroom set. Bumblebe
Bumblebee Spaces is making robotic systems for your home so you can store stuff on the ceiling Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-19  Authors: erin black, katie brigham, cnbc
Keywords: news, cnbc, companies, systems, tiny, set, units, store, bumblebee, spaces, voice, usable, stuff, storage, ceiling, space, robotic, making, storing


Bumblebee Spaces is making robotic systems for your home so you can store stuff on the ceiling

Bumblebee Spaces is creating robotic apartments that double your room’s usable space by storing furniture and belongings on the ceiling. Your possessions descend with a voice command or the push of a button, and storage units are equipped with artificial intelligence and tiny cameras that list your items in a searchable inventory.

The company is hoping to manufacture hundreds of these units by the end of 2019. The current price for developers is $6,000 to $10,000 for a full bedroom set. Bumblebee will announce mass-market pricing next year.


Company: cnbc, Activity: cnbc, Date: 2018-10-19  Authors: erin black, katie brigham, cnbc
Keywords: news, cnbc, companies, systems, tiny, set, units, store, bumblebee, spaces, voice, usable, stuff, storage, ceiling, space, robotic, making, storing


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Navigating fintech’s rise: IMF, World Bank launch guide for policymakers

The International Monetary Fund and the World Bank jointly released a paper that will guide policymakers around the world in their handling of the rise of financial technology — commonly known as fintech. The paper, called the Bali Fintech Agenda, was launched on Thursday on the Indonesian island where the IMF and the World Bank are holding their annual meetings. Fintech has the potential to reach the 1.7 billion adults in the world that don’t have access to financial services, IMF Managing Dire


The International Monetary Fund and the World Bank jointly released a paper that will guide policymakers around the world in their handling of the rise of financial technology — commonly known as fintech. The paper, called the Bali Fintech Agenda, was launched on Thursday on the Indonesian island where the IMF and the World Bank are holding their annual meetings. Fintech has the potential to reach the 1.7 billion adults in the world that don’t have access to financial services, IMF Managing Dire
Navigating fintech’s rise: IMF, World Bank launch guide for policymakers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-11  Authors: yen nee lee
Keywords: news, cnbc, companies, policymakers, navigating, bank, fintechs, technology, financial, work, paper, services, world, launch, fintech, systems, imf, rise, guide


Navigating fintech's rise: IMF, World Bank launch guide for policymakers

The International Monetary Fund and the World Bank jointly released a paper that will guide policymakers around the world in their handling of the rise of financial technology — commonly known as fintech.

The paper, called the Bali Fintech Agenda, was launched on Thursday on the Indonesian island where the IMF and the World Bank are holding their annual meetings.

The paper outlines 12 “elements” or considerations that the IMF, the World Bank and governments can keep in mind when designing policies and regulations that can maximize the benefits of fintech while keeping financial systems sound.

Those “elements” include using fintech to promote financial inclusion, allowing new technology players to have level playing fields with existing companies and having countries work together to protect the global financial system.

Fintech has the potential to reach the 1.7 billion adults in the world that don’t have access to financial services, IMF Managing Director Christine Lagarde said in a statement.

But, new technology could threaten existing financial systems. For example, volatility in the price of cryptocurrencies has raised concerns about investor protection, according to the paper.

“Fintech can have a major social and economic impact for them and across the membership in general. All countries are trying to reap these benefits, while also mitigating the risks,” Lagarde said.

“We need greater international cooperation to achieve that, and to make sure the fintech revolution benefits the many and not just the few,” she added.

World Bank Group President Jim Yong Kim said fintech would be particularly helpful to low-income countries, where access to financial services is low.

Both organizations said the paper doesn’t represent current work, nor does it aim to provide specific guidance or policy advice. They will, however, start to develop specific programs on fintech.

The IMF will focus initially on the implications on monetary and financial stability and how international monetary systems and global financial safety nets evolve. The World Bank will work on using fintech to deepen financial markets, enhance responsible access to financial services, and improve cross-border payments and remittance transfer systems.


Company: cnbc, Activity: cnbc, Date: 2018-10-11  Authors: yen nee lee
Keywords: news, cnbc, companies, policymakers, navigating, bank, fintechs, technology, financial, work, paper, services, world, launch, fintech, systems, imf, rise, guide


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Cybersecurity isn’t being taken seriously enough: MIT professor

But a common setback for the use of various new technologies is their vulnerability to hackers. That’s because companies and individuals are not taking cybersecurity seriously, according to Erik Brynjolfsson, director at the MIT Initiative on the Digital Economy and a professor at MIT Sloan School. “I think we’re just not taking it seriously enough.” “The story here isn’t really about Google, it’s about our atrocious cybersecurity — not just in social networks, but in banking or voting systems,”


But a common setback for the use of various new technologies is their vulnerability to hackers. That’s because companies and individuals are not taking cybersecurity seriously, according to Erik Brynjolfsson, director at the MIT Initiative on the Digital Economy and a professor at MIT Sloan School. “I think we’re just not taking it seriously enough.” “The story here isn’t really about Google, it’s about our atrocious cybersecurity — not just in social networks, but in banking or voting systems,”
Cybersecurity isn’t being taken seriously enough: MIT professor Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-09  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, google, information, seriously, cybersecurity, taking, data, mit, taken, economy, voting, cyber, isnt, systems, professor


Cybersecurity isn't being taken seriously enough: MIT professor

The digital economy is set to unlock tremendous economic value for countries over time. But a common setback for the use of various new technologies is their vulnerability to hackers.

That’s because companies and individuals are not taking cybersecurity seriously, according to Erik Brynjolfsson, director at the MIT Initiative on the Digital Economy and a professor at MIT Sloan School.

The threat of cyber attacks “can be addressed much more effectively than it has been,” he told CNBC’s “Street Signs” at the annual Barclays Asia Forum in Singapore. “I think we’re just not taking it seriously enough.”

Brynjolfsson was commenting on the news that a Google bug exposed the account information of 500,000 users, spurring the tech giant to make a slew of privacy changes and shut down the Google Plus service for consumers.

“The story here isn’t really about Google, it’s about our atrocious cybersecurity — not just in social networks, but in banking or voting systems,” he said. “Whenever I talk to the real cyber experts, they tell me the lights are blinking red, that we’re so vulnerable, and we need to do a lot more to make our information system secure.”

There have been numerous incidents in recent years where technology companies suffered breaches that resulted in user data getting compromised: Uber was fined for a 2016 data breach, Facebook recently discovered a security issue that allowed hackers to access information that could have let them take over around 50 million accounts, and the personal information of millions of Americans was affected in a data breach at credit reporting firm Equifax last year.

Combating cyber threats “boils down to prioritizing at a higher level,” Brynjolfsson said. Some of the fixes are straightforward: For example, he said, two-factor authentication might prevent unauthorized logins and machine-readable paper ballots could make voting systems more secure.


Company: cnbc, Activity: cnbc, Date: 2018-10-09  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, google, information, seriously, cybersecurity, taking, data, mit, taken, economy, voting, cyber, isnt, systems, professor


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Cybersecurity is not being taken seriously enough: MIT Professor

Cybersecurity is not being taken seriously enough: MIT Professor11:05 PM ET Mon, 8 Oct 2018Erik Brynjolfsson from MIT says securing information systems from hackers can be done much more effectively than it has been in the past.


Cybersecurity is not being taken seriously enough: MIT Professor11:05 PM ET Mon, 8 Oct 2018Erik Brynjolfsson from MIT says securing information systems from hackers can be done much more effectively than it has been in the past.
Cybersecurity is not being taken seriously enough: MIT Professor Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-08
Keywords: news, cnbc, companies, mit, securing, past, systems, taken, cybersecurity, hackers, seriously, oct, professor, information, professor1105


Cybersecurity is not being taken seriously enough: MIT Professor

Cybersecurity is not being taken seriously enough: MIT Professor

11:05 PM ET Mon, 8 Oct 2018

Erik Brynjolfsson from MIT says securing information systems from hackers can be done much more effectively than it has been in the past.


Company: cnbc, Activity: cnbc, Date: 2018-10-08
Keywords: news, cnbc, companies, mit, securing, past, systems, taken, cybersecurity, hackers, seriously, oct, professor, information, professor1105


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GM Cruise and Honda deal shares risk, costs to build autonomous cars

Cruise is the group that is adding automated driving technology to GM’s electric vehicle, the Chevrolet Bolt. Honda and GM have had a history of partnering on a number of technologies, such as batteries, powertrains, fuel cells. “Everyone is racing to autonomy, but it is a marathon and it is going to take a lot of investment.” A recent LMC Automotive report said the firm does not believe that there will be a significant volume of fully autonomous vehicles before 2030. “There are so many demands


Cruise is the group that is adding automated driving technology to GM’s electric vehicle, the Chevrolet Bolt. Honda and GM have had a history of partnering on a number of technologies, such as batteries, powertrains, fuel cells. “Everyone is racing to autonomy, but it is a marathon and it is going to take a lot of investment.” A recent LMC Automotive report said the firm does not believe that there will be a significant volume of fully autonomous vehicles before 2030. “There are so many demands
GM Cruise and Honda deal shares risk, costs to build autonomous cars Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-03  Authors: robert ferris, michelle fox, source, general motors
Keywords: news, cnbc, companies, systems, risk, cars, technologies, deal, build, lot, gm, shares, vehicles, cruise, investment, honda, costs, vehicle, driving, autonomous, companies, going


GM Cruise and Honda deal shares risk, costs to build autonomous cars

Starting with a completely new vehicle will allow the companies to consider all the different possibilities for a self-driving car and design everything else around it, rather than building self-driving tech onto an existing vehicle. Cruise is the group that is adding automated driving technology to GM’s electric vehicle, the Chevrolet Bolt.

GM shares jumped more than 5 percent on the news.

“When you think about how much it costs to develop these future technologies — it’s immense,” Autotrader executive analyst Michelle Krebs said on CNBC’s “Closing Bell.” And we don’t know when they’ll be ubiquitous, when they’ll get any return on that investment. So they’re sharing the cost. They’re sharing the risk.”

Honda will invest $2.8 billion over the next 12 years, beginning with an immediate $750 million investment, and will take a 5.7 percent stake in Cruise Holdings. It follows Japanese conglomerate SoftBank’s decision to invest $2.25 billion in Cruise in May.

Honda and GM have had a history of partnering on a number of technologies, such as batteries, powertrains, fuel cells. So it makes sense they would partner again, said Jeff Schuster, senior vice president of global forecasting at LMC Automotive, which tracks the auto industry.

“It is not new that they might come together to co-develop or spread the costs around, which is what I really think this play is,” he said. “Everyone is racing to autonomy, but it is a marathon and it is going to take a lot of investment.”

Schuster added the partnership allows them to develop a cutting-edge autonomous car “without burying your current operations, because you still have to make cars today, and you still have to develop new products for today’s market.”

It could also be a way for traditional automakers to stake out their territory in an area that has attracted a lot of investment from tech companies and “put them on notice,” he said.

“There’s a lot of investments that are being made like a roulette table on what technology and what company is going to survive,” Jim Press, the former president of Toyota North America and Chrysler’s former co-president, said on “Closing Bell.” “But the fact of the matter is, there is going to be a significant growth in the popularity of these vehicles.”

Schuster added that he suspects there will be more of these types of partnerships ahead, given how much capital will be needed before companies see any sort of return.

A recent LMC Automotive report said the firm does not believe that there will be a significant volume of fully autonomous vehicles before 2030. It is so far away, it makes it difficult to predict winners, Schuster said.

“This is a trend we are going to be seeing more of going forward,” said Sam Abuelsamid, senior research analyst at Navigant Research, who studies the auto industry and mobility technologies. “There is going to be increasing consolidation as companies that may have been struggling with their own autonomous driving efforts look to partner with others that are having more success and leverage their resources.”

There are only so many ways to build an automated driving system, just as there have only been so many ways to build other systems on cars in the past, such as antilock braking systems, Abuelsamid said. Several companies tried developing their own systems in-house before realizing they were spending money on systems that did not give them any real competitive advantage over products already available from partners or suppliers.

“There are so many demands on automakers these days for plug-in hybrids, fully electric vehicles, autonomous vehicles, semi autonomous vehicles,” Bob Lutz, GM’s former vice chairman, told CNBC. “There is not enough engineering manpower to go around. And what this will permit, with Honda committing a certain number of engineers to the project, it can be realized a lot quicker.”


Company: cnbc, Activity: cnbc, Date: 2018-10-03  Authors: robert ferris, michelle fox, source, general motors
Keywords: news, cnbc, companies, systems, risk, cars, technologies, deal, build, lot, gm, shares, vehicles, cruise, investment, honda, costs, vehicle, driving, autonomous, companies, going


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GM tops Tesla in ranking of automated driving systems

As more automakers develop automated driving systems that allow drivers to take their hands off the wheel for short periods of time, a new report says General Motors has developed the best system. Consumer Reports ranks Tesla’s Autopilot as the second most effective automated driving system, criticizing it for not doing enough to keep the driver engaged when the vehicle is in Autopilot mode. Nissan says ProPILOT Assist is a “hands-on” driver assist system rather than a “self-driving” feature. “P


As more automakers develop automated driving systems that allow drivers to take their hands off the wheel for short periods of time, a new report says General Motors has developed the best system. Consumer Reports ranks Tesla’s Autopilot as the second most effective automated driving system, criticizing it for not doing enough to keep the driver engaged when the vehicle is in Autopilot mode. Nissan says ProPILOT Assist is a “hands-on” driver assist system rather than a “self-driving” feature. “P
GM tops Tesla in ranking of automated driving systems Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-03  Authors: phil lebeau, source, general motors
Keywords: news, cnbc, companies, tesla, driver, drivers, automated, best, driving, tops, hands, reports, ranking, assist, system, systems, gm, tested


GM tops Tesla in ranking of automated driving systems

As more automakers develop automated driving systems that allow drivers to take their hands off the wheel for short periods of time, a new report says General Motors has developed the best system.

Consumer Reports tested four of the most popular systems and says Cadillac’s Super Cruise does the best job of ensuring the vehicle is driven safely while making sure the driver pays attention when they take their hands off the steering wheel.

“Super Cruise has a camera that looks at the driver’s eyes and warns them if they look away for too long or fall asleep, and that’s a game changer,” said Jake Fisher, director of auto testing at Consumer Reports.

“This is definitely a shot across the bow of Tesla, which already has Autopilot,” said Michelle Krebs, analyst for AutoTrader said.

Consumer Reports ranks Tesla’s Autopilot as the second most effective automated driving system, criticizing it for not doing enough to keep the driver engaged when the vehicle is in Autopilot mode.

“Autopilot is a strong system, but it doesn’t have enough safeguards,” said Fisher.

Consumer Reports rated Nissan’s ProPILOT Assist as the third best system and Volvo’s Pilot Assist as the least effective of the four it tested. Nissan says ProPILOT Assist is a “hands-on” driver assist system rather than a “self-driving” feature. Volvo echoed that response.

“Pilot Assist is not an autonomous driving system. It is a driver assistance system designed to keep the driver in the loop at all times with hands on the wheel, eyes on the road and the mind on driving,” said Johan Larsson, a Volvo spokesman.

The systems were evaluated at Consumer Reports’ test track and on public and highways. The reviews are based on five criteria: capability and performance, ease of use, if the systems made it clear when it was safe to use, whether they kept the driver engaged, and how they alerted or handled an unresponsive driver.

Consumer Reports is not warning people to avoid using any of the automated driving systems it tested, but it wants drivers to better understand the limits of the technology.


Company: cnbc, Activity: cnbc, Date: 2018-10-03  Authors: phil lebeau, source, general motors
Keywords: news, cnbc, companies, tesla, driver, drivers, automated, best, driving, tops, hands, reports, ranking, assist, system, systems, gm, tested


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Five things that must happen for blockchain to see widespread adoption, according to Deloitte

Advocates of the technology say that’s a huge advantage when it comes to tracking financial transactions and other data. It adds: “Because of its relatively poor performance, many observers do not consider blockchain technology to be viable for large-scale applications.” So-called miners on the network work out complex mathematical problems to validate transactions. However, Deloitte has said work is being done to create a more efficient model that can speed up transaction speeds. “The evolution


Advocates of the technology say that’s a huge advantage when it comes to tracking financial transactions and other data. It adds: “Because of its relatively poor performance, many observers do not consider blockchain technology to be viable for large-scale applications.” So-called miners on the network work out complex mathematical problems to validate transactions. However, Deloitte has said work is being done to create a more efficient model that can speed up transaction speeds. “The evolution
Five things that must happen for blockchain to see widespread adoption, according to Deloitte Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-01  Authors: ryan browne, dong wenjie, moment, getty images, paul ratje, the washington post, chesnot, eclipse_images, patrick t fallon, bloomberg
Keywords: news, cnbc, companies, consensus, network, widespread, systems, happen, according, technology, speed, deloitte, blockchain, adoption, transactions, second, transaction, work, things


Five things that must happen for blockchain to see widespread adoption, according to Deloitte

Blockchain is similar to an accounting ledger, only it records transactions across a vast network and is decentralized, meaning it doesn’t require any central authority to oversee it.

Advocates of the technology say that’s a huge advantage when it comes to tracking financial transactions and other data.

But there’s a problem, Deloitte says.

“Blockchain can be slow,” researchers at the consultancy said in a report published on Monday. “In contrast to some legacy transaction processing systems able to process tens of thousands of transactions per second, the Bitcoin blockchain can handle only three to seven transactions per second; the corresponding figure for Ethereum blockchain is as low as 15 transactions per second.”

It adds: “Because of its relatively poor performance, many observers do not consider blockchain technology to be viable for large-scale applications.”

With bitcoin’s blockchain, any number of people can participate in the network, as it is public. So-called miners on the network work out complex mathematical problems to validate transactions.

There needs to be consensus on the network about the validity of the transaction in order for it to go through. While this system reduces the risk of malicious activity being carried out on the network, it can also increase the time it takes for transactions to settle.

However, Deloitte has said work is being done to create a more efficient model that can speed up transaction speeds. Firms in the industry like Hyperledger, Stellar and Ripple are using new consensus mechanisms aimed at accelerating this process.

These new models are called “proof-of-stake” systems, where a cryptocurrency miner is required to have a certain stake in the digital asset in order to participate in the network.

“The evolution of consensus mechanisms is improving blockchain speed significantly — good news for applications in trade finance, supply chain traceability, auto leasing, marine insurance, health care, and insurance,” the report said.


Company: cnbc, Activity: cnbc, Date: 2018-10-01  Authors: ryan browne, dong wenjie, moment, getty images, paul ratje, the washington post, chesnot, eclipse_images, patrick t fallon, bloomberg
Keywords: news, cnbc, companies, consensus, network, widespread, systems, happen, according, technology, speed, deloitte, blockchain, adoption, transactions, second, transaction, work, things


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Defense Secretary James Mattis cancels trip to China as trade tensions get worse

In an interview with CNBC last week, Navy Secretary Richard Spencer, the branch’s top civilian, voiced concerns about China’s continued militarization of the South China Sea saying the U.S. Navy will “protect the lanes of commerce at all costs.” China links its economic security closely to the hotly contested waterways in the South China Sea, since more than 64 percent of its maritime trade transited through the region in 2016. The South China Sea is also a vital trade artery for Vietnam, Japan


In an interview with CNBC last week, Navy Secretary Richard Spencer, the branch’s top civilian, voiced concerns about China’s continued militarization of the South China Sea saying the U.S. Navy will “protect the lanes of commerce at all costs.” China links its economic security closely to the hotly contested waterways in the South China Sea, since more than 64 percent of its maritime trade transited through the region in 2016. The South China Sea is also a vital trade artery for Vietnam, Japan
Defense Secretary James Mattis cancels trip to China as trade tensions get worse Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-01  Authors: amanda macias, mark schiefelbein, afp, getty images
Keywords: news, cnbc, companies, mattis, secretary, defense, cancels, protect, world, systems, trip, going, sea, spaces, tensions, james, china, trade, south, worse, spencer


Defense Secretary James Mattis cancels trip to China as trade tensions get worse

In an interview with CNBC last week, Navy Secretary Richard Spencer, the branch’s top civilian, voiced concerns about China’s continued militarization of the South China Sea saying the U.S. Navy will “protect the lanes of commerce at all costs.”

“We will ply the internationally agreed upon open spaces of the ocean with our warships at all times to make sure that our commerce and our lanes of communication are open, that is something we will always do,” Spencer said.

“If China comes and joins the world and recognizes international rules and international law of order, we are going to have a great relationship,” he added. “If they take this position that they are going to use their laws and their understanding of how they’re going to trade and protect their spaces, we are going to have to have some sort of discussion about this going forward.”

Over the weekend a Chinese warship had what the Pentagon called an “unsafe” encounter with a U.S. destroyer, according to a CNN report.

China links its economic security closely to the hotly contested waterways in the South China Sea, since more than 64 percent of its maritime trade transited through the region in 2016. The South China Sea is also a vital trade artery for Vietnam, Japan and South Korea.

Home to more than 200 specks of land, the South China Sea serves as a gateway to global sea routes where approximately $3.4 trillion of trade passes annually.

The numerous overlapping sovereign claims to islands, reefs and rocks — many of which disappear under high tide — have turned the waters into an armed camp. Beijing holds the lion’s share of these features with approximately 27 outposts peppered throughout.

Earlier this year, China installed anti-ship cruise missiles and surface-to-air missile systems on three outposts in the South China Sea. The new coastal defense systems, coupled with electronic warfare equipment, represent significant additions to Beijing’s military portfolio in one of the most contested regions in the world.


Company: cnbc, Activity: cnbc, Date: 2018-10-01  Authors: amanda macias, mark schiefelbein, afp, getty images
Keywords: news, cnbc, companies, mattis, secretary, defense, cancels, protect, world, systems, trip, going, sea, spaces, tensions, james, china, trade, south, worse, spencer


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Vestas to cut 400 jobs, mostly in Europe

Denmark’s Vestas Wind Systems intends to lay off around 400 employees, mostly in northern and central Europe, of its global workforce of more than 24,000 people, reflecting a shift in growth to markets outside of Europe, it said on Friday. Most of the intended staff reductions are expected to be from white collar positions, and the changes will lead to annual savings of around 30 million euros ($35 million) from 2019, the wind turbine maker said in a statement.


Denmark’s Vestas Wind Systems intends to lay off around 400 employees, mostly in northern and central Europe, of its global workforce of more than 24,000 people, reflecting a shift in growth to markets outside of Europe, it said on Friday. Most of the intended staff reductions are expected to be from white collar positions, and the changes will lead to annual savings of around 30 million euros ($35 million) from 2019, the wind turbine maker said in a statement.
Vestas to cut 400 jobs, mostly in Europe Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-28
Keywords: news, cnbc, companies, cut, turbine, vestas, staff, statement, jobs, 400, wind, systems, workforce, million, europe, white


Vestas to cut 400 jobs, mostly in Europe

Denmark’s Vestas Wind Systems intends to lay off around 400 employees, mostly in northern and central Europe, of its global workforce of more than 24,000 people, reflecting a shift in growth to markets outside of Europe, it said on Friday.

Most of the intended staff reductions are expected to be from white collar positions, and the changes will lead to annual savings of around 30 million euros ($35 million) from 2019, the wind turbine maker said in a statement.


Company: cnbc, Activity: cnbc, Date: 2018-09-28
Keywords: news, cnbc, companies, cut, turbine, vestas, staff, statement, jobs, 400, wind, systems, workforce, million, europe, white


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Most drivers don’t understand limitations of car safety systems, AAA finds

Most drivers don’t understand the limitations of advanced safety technology installed on new vehicles, according to a new study by AAA Foundation for Traffic Safety. The study indicates that drivers overestimate the capabilities of features such as blind-spot monitoring systems, automatic emergency braking and adaptive cruise control. Problem spots flagged by AAA:• Blind-spot monitoring: Nearly 80 percent of drivers don’t understand the limitations or thought that the system had greater capabili


Most drivers don’t understand the limitations of advanced safety technology installed on new vehicles, according to a new study by AAA Foundation for Traffic Safety. The study indicates that drivers overestimate the capabilities of features such as blind-spot monitoring systems, automatic emergency braking and adaptive cruise control. Problem spots flagged by AAA:• Blind-spot monitoring: Nearly 80 percent of drivers don’t understand the limitations or thought that the system had greater capabili
Most drivers don’t understand limitations of car safety systems, AAA finds Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-26  Authors: nathan bomey, hxdyl, istock, getty images
Keywords: news, cnbc, companies, technologies, car, system, drivers, understand, limitations, dont, aaa, systems, safety, finds, vehicles, monitoring


Most drivers don't understand limitations of car safety systems, AAA finds

Most drivers don’t understand the limitations of advanced safety technology installed on new vehicles, according to a new study by AAA Foundation for Traffic Safety.

The study indicates that drivers overestimate the capabilities of features such as blind-spot monitoring systems, automatic emergency braking and adaptive cruise control.

“A substantial proportion of respondents demonstrated what we believe was a concerning lack of awareness of some of the key limitations of the technologies,” said Brian Tefft, senior researcher for the AAA Foundation.

The findings raise questions about whether Americans are ready to adapt to partially self-driving vehicles, which typically require drivers to remain alert and ready to take over the steering wheel if the car can’t handle the conditions it encounters.

Problem spots flagged by AAA:

• Blind-spot monitoring: Nearly 80 percent of drivers don’t understand the limitations or thought that the system had greater capability to detect fast-approaching vehicles, bicycles and pedestrians. Relying too much on blind-spot monitoring, about 25 percent don’t look for oncoming vehicles when they change lanes.

• Forward-collision warning and automatic emergency braking: Many drivers confuse the two. One is a warning system, while the other takes action. More than 40 percent of drivers don’t know these limitations.

• Adaptive cruise control: About 29 percent of drivers who use this system, which accelerates and brakes on its own, are sometimes comfortable “engaging in other activities” while the system is activated, according to the study.

To be sure, the researchers emphasized that advanced driver assistance systems are generally helpful. Such technologies can prevent about 40 percent of crashes and 30 percent of crash deaths, according to federal estimates.

The problem is that technology backfires when people don’t understand how it works.

“I think there’s a general assumption among members of the public that technologies in vehicles today will do things for us,” said Jake Nelson, director of traffic safety advocacy and research for AAA. “These technologies are not meant to replace us behind the wheel. They’re meant to help us out.”

Nelson said that it’s important for dealers, automakers and rental-car companies to educate drivers, at the time they take delivery of their vehicle, on how these systems work.

And “we shouldn’t be marketing them in a way that could potentially mislead folks,” Nelson added.


Company: cnbc, Activity: cnbc, Date: 2018-09-26  Authors: nathan bomey, hxdyl, istock, getty images
Keywords: news, cnbc, companies, technologies, car, system, drivers, understand, limitations, dont, aaa, systems, safety, finds, vehicles, monitoring


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