Tags archives: uber

Uber Faces Criminal Charges in France
The European Union court on Tuesday supported its member states like France to bring criminal proceedings against ridesharing firm Uber for running an illegal taxi service; a fresh setback to the Silicon Valley start-up. AFP reports that the case is about “Uber’s use of unlicensed drivers” in its cheap UberPOP service in France, a service that has since been suspended in the city and several others. The EU court of Justice compared the decision of backing France against the UberPOP service to its December decision ruled in favour o...
Striving for Autonomous Driving: Uber Volvo Deal
Uber Technologies Inc. signed a deal with the Volvo Group for providing their cars as a base for their new driving technology. The Uber Volvo agreement is about the Swedish company providing 24,000 car units to the cab services company. According to Bloomberg News, Uber has already booked the XC90 model and, within the span of 3 years, Uber plans to purchase 24,000 flagship cars of Volvo. What’s the Big Uber Volvo Deal? According to the Financial Times, the deal involves a whopping $1.4 billion. According to the base model con...
Stemcentrx, backed by Peter Thiel, raises $250 million
Is it possible that stem cells can be a root cause for common form of cancers? Well, a startup firm known as Stemcentrx believes so. Talk About Stemcentrx Silicon Valley is familiar with the private and rapidly growing imminent tech companies that are worth a million dollars mostly, like Square, Uber, and Calico. The same phenomenon is widely spreading to the biotechnology fields, where all the investors are throwing their pennies in a huge amount at firms, which promise to smack away the historically lower odds of drug success ...