BOSTON/SAN FRANCISCO (Reuters) - Some environmentally focused investors are not ready to buy into Lyft Inc or Uber Technologies Inc, worried about the climate impact of this year’s two most closely watched initial public offerings. Brian Friedenberg, an intern for Lyft, has his picture taken in front of signage for Lyft as it is displayed at the NASDAQ MarketSite in Times Square in celebration of its initial public offering (IPO) on the NASDAQ Stock Market in New York, U.S., March 29, 2019. REUTERS/Shannon Stapleton/File Photo Both companies hope to push people away from car ownership and promote shared and sustainable transportation services, among their many ambitions that have already reshaped traffic in major U.S. cities. Lyft began trading on Friday and its larger rival Uber will kick off its IPO this month, though neither has shown itself to be profitable and shares of Lyft sank below their initial price of $72 on Monday. Academics and city planners are still … [Read more...] about Why some green investors are passing on Uber and Lyft
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Tesla gets green light to start delivering Model 3 in Europe
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By Hailey Waller Bloomberg Dana Hull Mon., Jan. 21, 2019 Tesla Inc. received permission to start selling its Model 3 in Europe, clearing the final hurdle in bringing the electric-car maker’s top seller to the home turf of Audi, BMW and Mercedes-Benz. Deliveries should start in February for the Long Range Battery version of the mid-size sedan — the same variant first sold in the U.S. — according to Tesla, after Dutch vehicle authority RDW issued the OK. The European launch is crucial for Tesla as it navigates what chief executive officer Elon Musk called a “very difficult” road ahead. The company is cutting jobs so it can profitably deliver lower-priced versions of the Model 3, Tesla’s first car targeted for the mass market. Musk has pointed to sales of the sedan in Europe and China as a main reason he isn’t concerned about any potential setback caused by a halving of the U.S. federal tax credit, to $3,750 (U.S.), on … [Read more...] about Tesla gets green light to start delivering Model 3 in Europe
Google’s cloud-computing boss, Diane Greene, to step down
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By Douglas MacMillan The Wall Street Journal Fri., Nov. 16, 2018 Google’s top cloud-computing executive and one of tech’s highest-ranking women is departing the company after three years and will be succeeded by a former executive of business-software rival Oracle Corp. Diane Greene will relinquish her role as CEO of Google Cloud in January, she said in a blog post Friday. Thomas Kurian, a former president of product development at Oracle, will then step in. Ms. Greene will retain her seat on the board of Google parent Alphabet Inc. Ms. Greene, a Silicon Valley veteran who co-founded corporate-software pioneer VMware Inc., joined Google in 2015 to help it take on Amazon.com Inc. and Microsoft Corp. in the growing market for cloud computing software and services. Ms. Greene expanded Google’s sales force and struck deals with corporate clients such as Target Corp. and HSBC Holdings but failed to gain market share at the same rate as Microsoft. … [Read more...] about Google’s cloud-computing boss, Diane Greene, to step down
Green data centre industry is moving fast, here is what you need to know
Green data centre market is gaining immense popularity lately with the rise in concerns about the increasing energy costs impacting operational and economic efficiency. Most companies are presently implementing strategies to improve cooling and power infrastructure which is one of the vital factors influencing organisational performance, reliability, and serviceability. The shifting trends toward the deployment of green data centres for storing, managing, and distributing information have helped many software companies reduce energy consumption as well as the total energy cost. In fact, energy conscious companies are heavily investing in development of these centres for regaining cooling and power capacities, thereby providing impetus to green data centre industry share.Statistics depict, data centre electricity consumption in U.S. would record nearly 140 billion kilowatt-hours per year by 2020 that is equivalent to 50 power plants’ annual output. In fact, this would emit around … [Read more...] about Green data centre industry is moving fast, here is what you need to know
Here’s why San Antonio was named a ‘tech hotspot’ by Inc Magazine
By S. M. Chavey, mySA.com / San Antonio Express-News Published 12:29 pm CDT, Wednesday, October 31, 2018 A recent Inc Magazine report named San Antonio a "tech hotspot" of the country. Click through the slideshow to find out why the Alamo City made the list. A recent Inc Magazine report named San Antonio a "tech hotspot" of the country. Click through the slideshow to find out why the Alamo City made the list. Photo: PeopleImages/Getty Images Air Force electronic security mission "(San Antonio's) sector bona fides date back to 1985, when the Air Force consolidated its electronic security mission there." Source: Inc Magazine Air Force electronic security mission "(San Antonio's) sector bona fides date back to 1985, when the Air Force consolidated its electronic security mission there." Source: Inc Magazine Photo: U.S. … [Read more...] about Here’s why San Antonio was named a ‘tech hotspot’ by Inc Magazine