US in ‘good shape’ in 5G race, on the cusp of ‘significant’ tech breakthroughs: FCC commissioner

The United States is in “good shape” as it races to establish dominance in 5G wireless technology, FCC Commissioner Brendan Carr told CNBC on Friday. “We are really on the cusp of some significant technological breakthroughs, and it’s happening at the right time because we are getting our regulations right as well,” Carr said on “Squawk Alley.” However, 6G technology doesn’t exist. The government is counting on the private sector to win the global 5G race. We are doubling down on those efforts r


The United States is in “good shape” as it races to establish dominance in 5G wireless technology, FCC Commissioner Brendan Carr told CNBC on Friday. “We are really on the cusp of some significant technological breakthroughs, and it’s happening at the right time because we are getting our regulations right as well,” Carr said on “Squawk Alley.” However, 6G technology doesn’t exist. The government is counting on the private sector to win the global 5G race. We are doubling down on those efforts r
US in ‘good shape’ in 5G race, on the cusp of ‘significant’ tech breakthroughs: FCC commissioner Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: michelle fox
Keywords: news, cnbc, companies, trump, getting, good, 5g, tech, carr, technology, 6g, significant, cusp, shape, networks, race, commissioner, win, technologies, right, breakthroughs, fcc


US in 'good shape' in 5G race, on the cusp of 'significant' tech breakthroughs: FCC commissioner

The United States is in “good shape” as it races to establish dominance in 5G wireless technology, FCC Commissioner Brendan Carr told CNBC on Friday.

The U.S. is facing stiff competition to build the networks before Chinese companies do.

“We are really on the cusp of some significant technological breakthroughs, and it’s happening at the right time because we are getting our regulations right as well,” Carr said on “Squawk Alley.”

President Donald Trump brought renewed attention on the issue Thursday, after tweeting that he wants “5G, and even 6G technology” in the U.S. and that “American companies must step up their efforts.”

However, 6G technology doesn’t exist. When asked about such a thing, Carr — who was appointed by Trump as FCC commissioner in 2017 — did not specifically address 6G but said there has been a lot of talk about the “next generation platform.” And 5G is a big piece of that, he noted.

“There are other technologies on the horizon as well. There’s a new generation of low-Earth orbit satellites that are coming online. The wired broadband networks are being upgraded as well,” he said. “We are focused on getting the regulatory playing field right and then letting the private sector deploy whatever new broadband technologies that they can.”

The government is counting on the private sector to win the global 5G race. Carr said the government has already cut a “couple billion dollars in red tape,” particularly on the infrastructure side, to help providers along. That’s important, he said, because China is able to “snap its fingers” and deploy new networks “virtually overnight” because it has a different economic system.

However, he’s confident the U.S. can win. “We won the race to 4G by doing exactly that, getting the government of the way. We are doubling down on those efforts right now as we make this push to 5G.”


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: michelle fox
Keywords: news, cnbc, companies, trump, getting, good, 5g, tech, carr, technology, 6g, significant, cusp, shape, networks, race, commissioner, win, technologies, right, breakthroughs, fcc


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How an Israeli start-up turned the cellphone into a testing lab for kidney disease

Adiri, the former chief technology officer to Israeli President Shimon Peres, developed a passion for health technology early in his career. “My goal is to help turn the mobile phone into the lab of today,” he said. Digital urinalysis is the latest example of a trend toward home diagnostics driving a surging medical technology market. The first at-home pregnancy test appeared in the late 1970s, paving the way for a home-based medical test market. “The FDA is now approving clinical algorithms and


Adiri, the former chief technology officer to Israeli President Shimon Peres, developed a passion for health technology early in his career. “My goal is to help turn the mobile phone into the lab of today,” he said. Digital urinalysis is the latest example of a trend toward home diagnostics driving a surging medical technology market. The first at-home pregnancy test appeared in the late 1970s, paving the way for a home-based medical test market. “The FDA is now approving clinical algorithms and
How an Israeli start-up turned the cellphone into a testing lab for kidney disease Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: lori ioannou, rich pedroncelli
Keywords: news, cnbc, companies, health, medical, cellphone, urinalysis, uk, lab, turned, israeli, early, tests, kidney, disease, test, technology, testing, startup, market


How an Israeli start-up turned the cellphone into a testing lab for kidney disease

Adiri, the former chief technology officer to Israeli President Shimon Peres, developed a passion for health technology early in his career. He realized the smartphone as a medical tool was a niche that would grow when his father used it to transfer CT scans after his mother had an accident while traveling in China a few years ago. That helped her get diagnosed and saved her life.

“My goal is to help turn the mobile phone into the lab of today,” he said. “Advances in AI and computer vision technology are making this possible.”

In early February, Healthy.io raised $18 million in a Series B financing round led by Aleph, an Israeli-based venture capital fund, to support growth across its existing markets and to fund the commercial launch of the product in the United States. It also has raised funds from Samsung NEXT and private investors. That brings its total funding to $30 million.

Healthy.io’s products are currently available in Israel and the U.K., where it recently inked a deal with Walgreens Boots Alliance subsidiary Boots UK to introduce consumer-focused UTI testing at the company’s locations. Its efforts have been supported by a partnership with Siemens Healthineers to use the company’s urinalysis reagents.

The start-up is boosted by rapidly advancing smartphone technology. Digital urinalysis is the latest example of a trend toward home diagnostics driving a surging medical technology market. The first at-home pregnancy test appeared in the late 1970s, paving the way for a home-based medical test market. More recently, the internet, IoT, smartphones and advances in areas like genetic testing have driven sharp growth in a home-testing market that will soon surpass $300 million.

Much of the marketing driving sales of at-home tests, which include cloud-based monitors that beam medical results to doctors, tout ease of use and lowered barriers to clinical-grade health maintenance. But getting people to take tests, whether in a doctor’s office or at home, is tricky. In the case of kidney disease, which the Healthy.io kit can screen for, only about 6 percent of people with hypertension and 39 percent of diabetes patients undergo proper testing.

It’s still too early to know if Healthy.io’s technology will be a game-changer in kidney testing, but if it does, it could have a big impact on curbing health-care costs — and saving lives. “The FDA is now approving clinical algorithms and outcomes derived by using a cellphone for urine testing. That’s a big step in helping to democratize health care,” said Michael Eisenberg, a partner at Aleph.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: lori ioannou, rich pedroncelli
Keywords: news, cnbc, companies, health, medical, cellphone, urinalysis, uk, lab, turned, israeli, early, tests, kidney, disease, test, technology, testing, startup, market


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How an Israeli start-up turned the cellphone into a testing lab for kidney disease

Adiri, the former chief technology officer to Israeli President Shimon Peres, developed a passion for health technology early in his career. “My goal is to help turn the mobile phone into the lab of today,” he said. Digital urinalysis is the latest example of a trend toward home diagnostics driving a surging medical technology market. The first at-home pregnancy test appeared in the late 1970s, paving the way for a home-based medical test market. “The FDA is now approving clinical algorithms and


Adiri, the former chief technology officer to Israeli President Shimon Peres, developed a passion for health technology early in his career. “My goal is to help turn the mobile phone into the lab of today,” he said. Digital urinalysis is the latest example of a trend toward home diagnostics driving a surging medical technology market. The first at-home pregnancy test appeared in the late 1970s, paving the way for a home-based medical test market. “The FDA is now approving clinical algorithms and
How an Israeli start-up turned the cellphone into a testing lab for kidney disease Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: lori ioannou, rich pedroncelli
Keywords: news, cnbc, companies, health, medical, cellphone, urinalysis, uk, lab, turned, israeli, early, tests, kidney, disease, test, technology, testing, startup, market


How an Israeli start-up turned the cellphone into a testing lab for kidney disease

Adiri, the former chief technology officer to Israeli President Shimon Peres, developed a passion for health technology early in his career. He realized the smartphone as a medical tool was a niche that would grow when his father used it to transfer CT scans after his mother had an accident while traveling in China a few years ago. That helped her get diagnosed and saved her life.

“My goal is to help turn the mobile phone into the lab of today,” he said. “Advances in AI and computer vision technology are making this possible.”

In early February, Healthy.io raised $18 million in a Series B financing round led by Aleph, an Israeli-based venture capital fund, to support growth across its existing markets and to fund the commercial launch of the product in the United States. It also has raised funds from Samsung NEXT and private investors. That brings its total funding to $30 million.

Healthy.io’s products are currently available in Israel and the U.K., where it recently inked a deal with Walgreens Boots Alliance subsidiary Boots UK to introduce consumer-focused UTI testing at the company’s locations. Its efforts have been supported by a partnership with Siemens Healthineers to use the company’s urinalysis reagents.

The start-up is boosted by rapidly advancing smartphone technology. Digital urinalysis is the latest example of a trend toward home diagnostics driving a surging medical technology market. The first at-home pregnancy test appeared in the late 1970s, paving the way for a home-based medical test market. More recently, the internet, IoT, smartphones and advances in areas like genetic testing have driven sharp growth in a home-testing market that will soon surpass $300 million.

Much of the marketing driving sales of at-home tests, which include cloud-based monitors that beam medical results to doctors, tout ease of use and lowered barriers to clinical-grade health maintenance. But getting people to take tests, whether in a doctor’s office or at home, is tricky. In the case of kidney disease, which the Healthy.io kit can screen for, only about 6 percent of people with hypertension and 39 percent of diabetes patients undergo proper testing.

It’s still too early to know if Healthy.io’s technology will be a game-changer in kidney testing, but if it does, it could have a big impact on curbing health-care costs — and saving lives. “The FDA is now approving clinical algorithms and outcomes derived by using a cellphone for urine testing. That’s a big step in helping to democratize health care,” said Michael Eisenberg, a partner at Aleph.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: lori ioannou, rich pedroncelli
Keywords: news, cnbc, companies, health, medical, cellphone, urinalysis, uk, lab, turned, israeli, early, tests, kidney, disease, test, technology, testing, startup, market


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Intel shares jump after Morgan Stanley upgrades the stock and predicts a big rally

Investors should buy Intel shares as they could get a boost from CEO Bob Swan’s leadership, a Morgan Stanley analyst said Friday. Analyst Joseph Moore upgraded Intel to overweight from equal weight and hiked his price target on the stock to $64 per share from $55. “We think that Intel can rerate higher around a more financially oriented CEO,” Moore said in a note to clients. Intel shares are up 9.55 percent this year through Thursday’s close but are lagging competitors like Nvidia and Advanced M


Investors should buy Intel shares as they could get a boost from CEO Bob Swan’s leadership, a Morgan Stanley analyst said Friday. Analyst Joseph Moore upgraded Intel to overweight from equal weight and hiked his price target on the stock to $64 per share from $55. “We think that Intel can rerate higher around a more financially oriented CEO,” Moore said in a note to clients. Intel shares are up 9.55 percent this year through Thursday’s close but are lagging competitors like Nvidia and Advanced M
Intel shares jump after Morgan Stanley upgrades the stock and predicts a big rally Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: fred imbert, samyukta lakshmi, bloomberg, getty images
Keywords: news, cnbc, companies, think, thursdays, predicts, ceo, rally, higher, upgrades, shares, target, stock, intels, jump, morgan, technology, moore, intel, stanley, big


Intel shares jump after Morgan Stanley upgrades the stock and predicts a big rally

Investors should buy Intel shares as they could get a boost from CEO Bob Swan’s leadership, a Morgan Stanley analyst said Friday.

Analyst Joseph Moore upgraded Intel to overweight from equal weight and hiked his price target on the stock to $64 per share from $55. Moore’s new price target represents 24 percent upside from Thursday’s close of $51.41 per share. Intel traded about 3 percent higher in the premarket Friday.

“We think that Intel can rerate higher around a more financially oriented CEO,” Moore said in a note to clients. “While some investors wanted someone with more of a technology background, we think that one of Intel’s biggest challenges in recent years has been its tendency to become enamored with technology over economics.”

Swan was Intel’s interim CEO for seven months after Brian Krzanich was ousted last year for having a “consensual relationship” with an employee. Prior to that, Swan had been Intel’s CFO since 2016.

Intel shares are up 9.55 percent this year through Thursday’s close but are lagging competitors like Nvidia and Advanced Micro Devices. Nvidia’s stock is up more than 16 percent in 2019 while AMD has surged nearly 30 percent.

“With a better portfolio optimization process, framing those technology issues around business risk/reward, a mindset of optimizing free cash flow more than earnings, and a higher standard of M&A accretion, we see the multiple expanding from 12x to 14x in our base case,” Moore said. “While we are cautious on semiconductors, and Intel is not immune, these idiosyncratic opportunities set them apart.”

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Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: fred imbert, samyukta lakshmi, bloomberg, getty images
Keywords: news, cnbc, companies, think, thursdays, predicts, ceo, rally, higher, upgrades, shares, target, stock, intels, jump, morgan, technology, moore, intel, stanley, big


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Goldman Sachs: Samsung’s new foldable phone is a problem for Apple this year

First look at Samsung’s family of Galaxy S10 phones: rivals to Apple’s new iPhones 22 Hours Ago | 02:11Samsung’s new foldable phone represents a challenge for Apple in the iPhone maker’s luxury device market, Goldman Sachs warned clients. The Galaxy Fold includes “a compelling form factor that only Samsung’s foldable OLED technology can deliver,” Goldman analyst Rod Hall told clients in a note Wednesday. “Should that form factor spark consumer interest we would expect Samsung to delay access to


First look at Samsung’s family of Galaxy S10 phones: rivals to Apple’s new iPhones 22 Hours Ago | 02:11Samsung’s new foldable phone represents a challenge for Apple in the iPhone maker’s luxury device market, Goldman Sachs warned clients. The Galaxy Fold includes “a compelling form factor that only Samsung’s foldable OLED technology can deliver,” Goldman analyst Rod Hall told clients in a note Wednesday. “Should that form factor spark consumer interest we would expect Samsung to delay access to
Goldman Sachs: Samsung’s new foldable phone is a problem for Apple this year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: thomas franck, dain evans
Keywords: news, cnbc, companies, technology, goldman, form, galaxy, phone, foldable, problem, device, fold, sachs, samsungs, samsung, apple


Goldman Sachs: Samsung's new foldable phone is a problem for Apple this year

First look at Samsung’s family of Galaxy S10 phones: rivals to Apple’s new iPhones 22 Hours Ago | 02:11

Samsung’s new foldable phone represents a challenge for Apple in the iPhone maker’s luxury device market, Goldman Sachs warned clients.

The Galaxy Fold includes “a compelling form factor that only Samsung’s foldable OLED technology can deliver,” Goldman analyst Rod Hall told clients in a note Wednesday. “Should that form factor spark consumer interest we would expect Samsung to delay access to the technology for Apple. We see this as a potential problem for Apple this year though the lack of a device at this point drives us to reserve judgment.”

The latest gadget from Samsung is the first consumer-ready foldable smartphone. Samsung, which revealed the phone on Wednesday, said the device can easily fit in a user’s hand like a traditional phone but can expand to tablet size to watch videos. It has a hefty price tag: nearly $2,000.

Samsung’s unveiling also came at a time when shoppers — and phone makers — are scrambling to find innovative features to justify increased prices in the $1,000 range for high-end consumer products. Apple shares fell 0.1 percent in premarket trading Thursday following the Goldman Sachs note.

“Just as with the very popular Motorola RAZR devices back in the featurephone era, we see foldable screens as a compelling form factor,” Hall added. “We see this as challenging for Apple, who could find themselves with no access to the critical flexible OLED technology for which we believe Samsung has at least a two year lead over other display competitors.”

Apple shares are little changed over the last 12 months. The stock is up 9 percent this year but still trail the overall market.

Samsung first made known a prototype of the Galaxy Fold in November, when it promised to bring the device to market “soon.” The Galaxy Fold operates on a version of Google Android that automatically adjusts for both tablet and phone modes.

Samsung stock is up more than 20 percent in 2019, bouncing off decline of over 20 percent in 2018.

— CNBC’s Todd Haselton contributed reporting.


Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: thomas franck, dain evans
Keywords: news, cnbc, companies, technology, goldman, form, galaxy, phone, foldable, problem, device, fold, sachs, samsungs, samsung, apple


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SoftBank is leading a $1 billion investment in logistics start-up Flexport

SoftBank’s Vision Fund just made one of its biggest start-ups investments yet, leading a $1 billion round in a company that’s moving freight across the globe. The funding comes a day after SoftBank’s Vision Fund led a $200 million investment in physical storage start-up Clutter. In the case of Flexport, the company moves freight by air, ocean, rail and truck, handling the packages as well as all the customs information required. “Our business is super scale-driven, and that’s SoftBank’s entire m


SoftBank’s Vision Fund just made one of its biggest start-ups investments yet, leading a $1 billion round in a company that’s moving freight across the globe. The funding comes a day after SoftBank’s Vision Fund led a $200 million investment in physical storage start-up Clutter. In the case of Flexport, the company moves freight by air, ocean, rail and truck, handling the packages as well as all the customs information required. “Our business is super scale-driven, and that’s SoftBank’s entire m
SoftBank is leading a $1 billion investment in logistics start-up Flexport Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: deirdre bosa, bloomberg, contributor, getty images
Keywords: news, cnbc, companies, technology, billion, leading, company, amazon, freight, flexport, softbank, softbanks, vision, thats, logistics, startup, investment, fund


SoftBank is leading a $1 billion investment in logistics start-up Flexport

SoftBank’s Vision Fund just made one of its biggest start-ups investments yet, leading a $1 billion round in a company that’s moving freight across the globe.

Flexport, which describes itself as a “modern freight forwarder,” announced the financing on Thursday and said it expects the deal to close in the second quarter after regulatory approval.

The funding comes a day after SoftBank’s Vision Fund led a $200 million investment in physical storage start-up Clutter. The $100 billion Vision Fund continues to write massive checks to fast-growing companies that are applying technology to old industries, whether it’s Uber in ride-hailing, DoorDash in food delivery or WeWork in real estate.

In the case of Flexport, the company moves freight by air, ocean, rail and truck, handling the packages as well as all the customs information required. Flexport’s technology provides data that helps customers analyze costs, container utilization and emissions, and keep track of their supply chain. It includes support for smaller LCL (less than full container) shipments that bigger players often treat as low priority.

“Our business is super scale-driven, and that’s SoftBank’s entire modus operandi,” Flexport CEO Ryan Petersen said in an interview. SoftBank is out “to drive and inject scale into companies, and help them go faster,” he said.

Petersen said the terms were “clean” and “founder friendly,” with SoftBank getting one board seat — for managing partner Michael Ronen — and no additional preferences on its shares. The company didn’t disclose a valuation, though Axios previously reported that it could be around $3 billion.

Ronen told CNBC that Flexport is unique in “going after what is essentially a pretty boring space and doing it in an incredibly innovative way.”

Flexport said in the press release that it doubled revenue last year to almost $500 million and now has close to 1,000 employees in 11 offices around the world.

The fresh capital should help Flexport continue to grow and lure customers as Amazon invests more heavily in providing global logistics services to marketplace sellers.

“We’re in early days,” Ronen said. “Amazon is amazing at what it does, but there is a whole universe of merchants and global trade that is operating outside Amazon and doesn’t have their scale.” He said that SoftBank’s investment in Flexport, “is not so much about going against Amazon, but supporting everyone else that needs a better solution and needs some scale.”

The financing round had participation from existing investors, including Peter Thiel’s Founders Fund and Yuri Milner’s DST Global.

WATCH: Clutter CEO says the Vision Fund was an ‘ideal match’


Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: deirdre bosa, bloomberg, contributor, getty images
Keywords: news, cnbc, companies, technology, billion, leading, company, amazon, freight, flexport, softbank, softbanks, vision, thats, logistics, startup, investment, fund


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SoftBank is leading a $1 billion investment in logistics start-up Flexport

SoftBank’s Vision Fund just made one of its biggest start-ups investments yet, leading a $1 billion round in a company that’s moving freight across the globe. The funding comes a day after SoftBank’s Vision Fund led a $200 million investment in physical storage start-up Clutter. In the case of Flexport, the company moves freight by air, ocean, rail and truck, handling the packages as well as all the customs information required. “Our business is super scale-driven, and that’s SoftBank’s entire m


SoftBank’s Vision Fund just made one of its biggest start-ups investments yet, leading a $1 billion round in a company that’s moving freight across the globe. The funding comes a day after SoftBank’s Vision Fund led a $200 million investment in physical storage start-up Clutter. In the case of Flexport, the company moves freight by air, ocean, rail and truck, handling the packages as well as all the customs information required. “Our business is super scale-driven, and that’s SoftBank’s entire m
SoftBank is leading a $1 billion investment in logistics start-up Flexport Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: deirdre bosa, bloomberg, contributor, getty images
Keywords: news, cnbc, companies, technology, billion, leading, company, amazon, freight, flexport, softbank, softbanks, vision, thats, logistics, startup, investment, fund


SoftBank is leading a $1 billion investment in logistics start-up Flexport

SoftBank’s Vision Fund just made one of its biggest start-ups investments yet, leading a $1 billion round in a company that’s moving freight across the globe.

Flexport, which describes itself as a “modern freight forwarder,” announced the financing on Thursday and said it expects the deal to close in the second quarter after regulatory approval.

The funding comes a day after SoftBank’s Vision Fund led a $200 million investment in physical storage start-up Clutter. The $100 billion Vision Fund continues to write massive checks to fast-growing companies that are applying technology to old industries, whether it’s Uber in ride-hailing, DoorDash in food delivery or WeWork in real estate.

In the case of Flexport, the company moves freight by air, ocean, rail and truck, handling the packages as well as all the customs information required. Flexport’s technology provides data that helps customers analyze costs, container utilization and emissions, and keep track of their supply chain. It includes support for smaller LCL (less than full container) shipments that bigger players often treat as low priority.

“Our business is super scale-driven, and that’s SoftBank’s entire modus operandi,” Flexport CEO Ryan Petersen said in an interview. SoftBank is out “to drive and inject scale into companies, and help them go faster,” he said.

Petersen said the terms were “clean” and “founder friendly,” with SoftBank getting one board seat — for managing partner Michael Ronen — and no additional preferences on its shares. The company didn’t disclose a valuation, though Axios previously reported that it could be around $3 billion.

Ronen told CNBC that Flexport is unique in “going after what is essentially a pretty boring space and doing it in an incredibly innovative way.”

Flexport said in the press release that it doubled revenue last year to almost $500 million and now has close to 1,000 employees in 11 offices around the world.

The fresh capital should help Flexport continue to grow and lure customers as Amazon invests more heavily in providing global logistics services to marketplace sellers.

“We’re in early days,” Ronen said. “Amazon is amazing at what it does, but there is a whole universe of merchants and global trade that is operating outside Amazon and doesn’t have their scale.” He said that SoftBank’s investment in Flexport, “is not so much about going against Amazon, but supporting everyone else that needs a better solution and needs some scale.”

The financing round had participation from existing investors, including Peter Thiel’s Founders Fund and Yuri Milner’s DST Global.

WATCH: Clutter CEO says the Vision Fund was an ‘ideal match’


Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: deirdre bosa, bloomberg, contributor, getty images
Keywords: news, cnbc, companies, technology, billion, leading, company, amazon, freight, flexport, softbank, softbanks, vision, thats, logistics, startup, investment, fund


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Goldman Sachs: Samsung’s new foldable phone is a problem for Apple this year

First look at Samsung’s family of Galaxy S10 phones: rivals to Apple’s new iPhones 22 Hours Ago | 02:11Samsung’s new foldable phone represents a challenge for Apple in the iPhone maker’s luxury device market, Goldman Sachs warned clients. The Galaxy Fold includes “a compelling form factor that only Samsung’s foldable OLED technology can deliver,” Goldman analyst Rod Hall told clients in a note Wednesday. “Should that form factor spark consumer interest we would expect Samsung to delay access to


First look at Samsung’s family of Galaxy S10 phones: rivals to Apple’s new iPhones 22 Hours Ago | 02:11Samsung’s new foldable phone represents a challenge for Apple in the iPhone maker’s luxury device market, Goldman Sachs warned clients. The Galaxy Fold includes “a compelling form factor that only Samsung’s foldable OLED technology can deliver,” Goldman analyst Rod Hall told clients in a note Wednesday. “Should that form factor spark consumer interest we would expect Samsung to delay access to
Goldman Sachs: Samsung’s new foldable phone is a problem for Apple this year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: thomas franck, dain evans
Keywords: news, cnbc, companies, technology, goldman, form, galaxy, phone, foldable, problem, device, fold, sachs, samsungs, samsung, apple


Goldman Sachs: Samsung's new foldable phone is a problem for Apple this year

First look at Samsung’s family of Galaxy S10 phones: rivals to Apple’s new iPhones 22 Hours Ago | 02:11

Samsung’s new foldable phone represents a challenge for Apple in the iPhone maker’s luxury device market, Goldman Sachs warned clients.

The Galaxy Fold includes “a compelling form factor that only Samsung’s foldable OLED technology can deliver,” Goldman analyst Rod Hall told clients in a note Wednesday. “Should that form factor spark consumer interest we would expect Samsung to delay access to the technology for Apple. We see this as a potential problem for Apple this year though the lack of a device at this point drives us to reserve judgment.”

The latest gadget from Samsung is the first consumer-ready foldable smartphone. Samsung, which revealed the phone on Wednesday, said the device can easily fit in a user’s hand like a traditional phone but can expand to tablet size to watch videos. It has a hefty price tag: nearly $2,000.

Samsung’s unveiling also came at a time when shoppers — and phone makers — are scrambling to find innovative features to justify increased prices in the $1,000 range for high-end consumer products. Apple shares fell 0.1 percent in premarket trading Thursday following the Goldman Sachs note.

“Just as with the very popular Motorola RAZR devices back in the featurephone era, we see foldable screens as a compelling form factor,” Hall added. “We see this as challenging for Apple, who could find themselves with no access to the critical flexible OLED technology for which we believe Samsung has at least a two year lead over other display competitors.”

Apple shares are little changed over the last 12 months. The stock is up 9 percent this year but still trail the overall market.

Samsung first made known a prototype of the Galaxy Fold in November, when it promised to bring the device to market “soon.” The Galaxy Fold operates on a version of Google Android that automatically adjusts for both tablet and phone modes.

Samsung stock is up more than 20 percent in 2019, bouncing off decline of over 20 percent in 2018.

— CNBC’s Todd Haselton contributed reporting.


Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: thomas franck, dain evans
Keywords: news, cnbc, companies, technology, goldman, form, galaxy, phone, foldable, problem, device, fold, sachs, samsungs, samsung, apple


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It seems impossible that Tesla will have full self-driving car tech ready in a year, says analyst

At least one auto industry analyst is skeptical about Tesla CEO Elon Musk’s bold claim that the electric car maker will have all the features necessary for full autonomy by the end of the year. Musk made his claims about Tesla’s progress in self-driving cars in an interview with Cathie Wood and Tasha Keeney of ARK Invest, a group of funds that has positions in Tesla. On Tuesday’s podcast, Musk did say that having all the features necessary did not mean “now it works with 100 percent certainty, r


At least one auto industry analyst is skeptical about Tesla CEO Elon Musk’s bold claim that the electric car maker will have all the features necessary for full autonomy by the end of the year. Musk made his claims about Tesla’s progress in self-driving cars in an interview with Cathie Wood and Tasha Keeney of ARK Invest, a group of funds that has positions in Tesla. On Tuesday’s podcast, Musk did say that having all the features necessary did not mean “now it works with 100 percent certainty, r
It seems impossible that Tesla will have full self-driving car tech ready in a year, says analyst Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: robert ferris
Keywords: news, cnbc, companies, impossible, features, musk, ready, tech, technology, cars, end, predictions, tesla, car, analyst, selfdriving, necessary


It seems impossible that Tesla will have full self-driving car tech ready in a year, says analyst

At least one auto industry analyst is skeptical about Tesla CEO Elon Musk’s bold claim that the electric car maker will have all the features necessary for full autonomy by the end of the year.

In fact Musk may be misleading the public over how capable Tesla’s cars are, said Karl Brauer, executive publisher at Cox Automotive, on CNBC’s “The Exchange” on Wednesday.

“I think the term ‘misled’ works here. I mean, there are so many variables out there,” he said. “There are so many different ways that a car has to be able to deal with driving: weather, lighting, traffic, pedestrians, bicyclists. To say you’ll have all conditions solved in the next 12 to 18 months, nobody else is making that claim and there are some pretty big companies out there like Google who are doing this and have been doing this for a decade.”

Musk made his claims about Tesla’s progress in self-driving cars in an interview with Cathie Wood and Tasha Keeney of ARK Invest, a group of funds that has positions in Tesla. He said he expects Tesla to have all the features necessary for fully self-driving cars by the end of the year, and to be capable of safely transporting a sleeping passenger in an autonomous vehicle within two years.

“Elon’s got one of the best systems currently available in terms of semi-autonomous driving,” Brauer added in an email to CNBC. “But the concept of any car handling all the variables that exist on the road is still hard to fathom. Doing it in the next 12-18 months seems impossible.”

On Tuesday’s podcast, Musk did say that having all the features necessary did not mean “now it works with 100 percent certainty, requiring no observation, perfectly.” He added that regulators will play a big role in determining how these technologies are used and how reliable they will have to be.

Tesla has long offered automated driver assistance technology with its cars through a system called Autopilot. Tesla has apparently been trying to pursue fully self-driving cars, albeit in ways that are very different from competitors.

Musk has famously, and controversially, insisted the laser infrared technology lidar so favored by the vast majority of competitors is not necessary for full self autonomy. The electric car maker also uses very different methods from most of its rivals for testing the technology.

Musk also has a reputation for making big claims about how far along Tesla is in terms of certain aspects of its business, such as how quickly it is developing a given technology or producing cars. Musk has said some of his predictions are rough estimates.

“Elon Musk’s established history of predictions plays into his latest claims,” Brauer said. “He’s missed these kind of predictions in the past, so people shouldn’t be surprised he’s willing to make them again, or that they might be unrealistic. The current AutoPilot technology is among the most advanced available, but it’s nowhere near full self-driving under all conditions. Getting there by the end of this year, or even the end of next year, feels out of scope, but I guess we’ll see.”

Tesla declined a request for comment.


Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: robert ferris
Keywords: news, cnbc, companies, impossible, features, musk, ready, tech, technology, cars, end, predictions, tesla, car, analyst, selfdriving, necessary


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It seems impossible that Tesla will have full self-driving car tech ready in a year, says analyst

At least one auto industry analyst is skeptical about Tesla CEO Elon Musk’s bold claim that the electric car maker will have all the features necessary for full autonomy by the end of the year. Musk made his claims about Tesla’s progress in self-driving cars in an interview with Cathie Wood and Tasha Keeney of ARK Invest, a group of funds that has positions in Tesla. On Tuesday’s podcast, Musk did say that having all the features necessary did not mean “now it works with 100 percent certainty, r


At least one auto industry analyst is skeptical about Tesla CEO Elon Musk’s bold claim that the electric car maker will have all the features necessary for full autonomy by the end of the year. Musk made his claims about Tesla’s progress in self-driving cars in an interview with Cathie Wood and Tasha Keeney of ARK Invest, a group of funds that has positions in Tesla. On Tuesday’s podcast, Musk did say that having all the features necessary did not mean “now it works with 100 percent certainty, r
It seems impossible that Tesla will have full self-driving car tech ready in a year, says analyst Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: robert ferris
Keywords: news, cnbc, companies, impossible, features, musk, ready, tech, technology, cars, end, predictions, tesla, car, analyst, selfdriving, necessary


It seems impossible that Tesla will have full self-driving car tech ready in a year, says analyst

At least one auto industry analyst is skeptical about Tesla CEO Elon Musk’s bold claim that the electric car maker will have all the features necessary for full autonomy by the end of the year.

In fact Musk may be misleading the public over how capable Tesla’s cars are, said Karl Brauer, executive publisher at Cox Automotive, on CNBC’s “The Exchange” on Wednesday.

“I think the term ‘misled’ works here. I mean, there are so many variables out there,” he said. “There are so many different ways that a car has to be able to deal with driving: weather, lighting, traffic, pedestrians, bicyclists. To say you’ll have all conditions solved in the next 12 to 18 months, nobody else is making that claim and there are some pretty big companies out there like Google who are doing this and have been doing this for a decade.”

Musk made his claims about Tesla’s progress in self-driving cars in an interview with Cathie Wood and Tasha Keeney of ARK Invest, a group of funds that has positions in Tesla. He said he expects Tesla to have all the features necessary for fully self-driving cars by the end of the year, and to be capable of safely transporting a sleeping passenger in an autonomous vehicle within two years.

“Elon’s got one of the best systems currently available in terms of semi-autonomous driving,” Brauer added in an email to CNBC. “But the concept of any car handling all the variables that exist on the road is still hard to fathom. Doing it in the next 12-18 months seems impossible.”

On Tuesday’s podcast, Musk did say that having all the features necessary did not mean “now it works with 100 percent certainty, requiring no observation, perfectly.” He added that regulators will play a big role in determining how these technologies are used and how reliable they will have to be.

Tesla has long offered automated driver assistance technology with its cars through a system called Autopilot. Tesla has apparently been trying to pursue fully self-driving cars, albeit in ways that are very different from competitors.

Musk has famously, and controversially, insisted the laser infrared technology lidar so favored by the vast majority of competitors is not necessary for full self autonomy. The electric car maker also uses very different methods from most of its rivals for testing the technology.

Musk also has a reputation for making big claims about how far along Tesla is in terms of certain aspects of its business, such as how quickly it is developing a given technology or producing cars. Musk has said some of his predictions are rough estimates.

“Elon Musk’s established history of predictions plays into his latest claims,” Brauer said. “He’s missed these kind of predictions in the past, so people shouldn’t be surprised he’s willing to make them again, or that they might be unrealistic. The current AutoPilot technology is among the most advanced available, but it’s nowhere near full self-driving under all conditions. Getting there by the end of this year, or even the end of next year, feels out of scope, but I guess we’ll see.”

Tesla declined a request for comment.


Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: robert ferris
Keywords: news, cnbc, companies, impossible, features, musk, ready, tech, technology, cars, end, predictions, tesla, car, analyst, selfdriving, necessary


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