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After upending the taxi market with its ride-hailing service, Uber Technologies Inc [UBER.UL] is now aiming for the skies with its flying taxis. The company expects to deploy its flying taxis in Dallas-Fort Worth, Texas, and Dubai by 2020, Chief Product Officer Jeff Holden said at the Uber Elevate Summit in Dallas on Tuesday. Uber's flying taxis will be small, electric aircraft that take off and land vertically, or VTOLs, with zero emissions and quiet enough to operate in cities. Flying taxis would cut down travel time between San Francisco's Marina to downtown San Jose to 15 minutes, compared with…... [read more]
Uber Technologies Inc [UBER.UL] Chief Executive Travis Kalanick is likely to take a leave of absence from the troubled ride-hailing company, but no final decision has yet been made, according to a source familiar with the outcome of a Sunday board meeting. FILE PHOTO - Uber CEO Travis Kalanick speaks to students during an interaction at the Indian Institute of Technology (IIT) campus in Mumbai, India, January 19, 2016. Emil Michael, senior vice president and a close Kalanick ally, has left the company, the source said. At the Sunday meeting, the company's board adopted a series of recommendations from the…... [read more]
FRANKFURT: Lilium, a German start-up with Silicon Valley-scale ambitions to develop a 5-passenger "flying taxi", has raised a second, US$90 million round of financing from top tech investors, making it one of the best-funded electric aircraft projects to date.
German start-up Lilium is introducing a new category of aircraft capable of vertical take-off and electric powered jet flight. (Photo: Lilium/Facebook) The company, which took in US$11.4 million only last year, has emerged as one of Europe's hottest start-ups for attempting to solve hard physics problems for a new category of aircraft capable of vertical take-off and electric…... [read more]
From flying taxis to Batman-style surveillance motorcycles, Dubai's GITEX expo this week showcased innovations that were symbols of the city-state's ambitions to be a metropolis of the future.
A general view shows people visiting the Gitex 2017 exhibition at the Dubai World Trade Center in Dubai on Oct 8, 2017. (Photo: GIUSEPPE CACACE/AFP)
Known for its futuristic skyline and artificial islands, Gulf emirate Dubai has carved out a place alongside cities like Singapore as a hub for innovative ideas.
At this year's 37th Gulf…... [read more]
The CEO came under increasing pressure to leave the council after Trump issued an executive order temporarily barring people from seven majority-Muslim nations from entering the United States. Uber Technologies Inc Chief Executive Officer Travis Kalanick quit President Donald Trump's business advisory group on Thursday amid mounting pressure from activists and employees who oppose the administration's immigration policies. Critics included Uber drivers, many of whom are immigrants themselves. "Joining the group was not meant to be an endorsement of the president or his agenda but unfortunately it has been misinterpreted to be exactly that," Kalanick, who had planned to attend…... [read more]
