New York City is finally allowing shared e-scooters on its streets this spring. In March, the city is kicking off the two-year pilot program that Lime hopes to be a part of.
"We certainly hope to be selected by the city government and earn the responsibility of serving the city," Adam Kovacevich, head of North America and Asia Pacific government relations at Lime, told Cheddar. "One of the things we believe really strongly is that experience counts in this space."
Lime, the world's largest e-scooter rental company, is operational in some of the biggest cities in the world like Seoul, Paris, and Los Angeles.
"We're in all these huge markets, and it's given us the experience to learn how to serve cities well, how to manage things like parking," Kovacevich said. "Certainly we hope that that will make a difference when it comes to New York's selection."
The hold-up was due, in part, to safety concerns, as multiple U.S. cities have reported numerous injuries resulting from accidents involving the vehicles.
New York Governor Andrew Cuomo previously vetoed a bill in 2019 that would have legalized e-scooters, arguing the legislation's verbiage didn't go far enough to protect riders.
Kovacevich said Lime's newest mode of micromobility, a fourth-generation scooter set to be rolled out later this year, has safety as its top priority.
"This will be the safest, most advanced scooter we've ever offered — that anyone has ever offered," Kovacevich said.
Despite an unpredictable 2020, Lime turned a quarterly profit for the first time in the startup's four-year history. In May, it also scored an investment from Uber as part of a $170 million funding round.
"COVID has actually forced a lot of people, a lot of cities, to rethink their transportation options," Kovacevich said. "We've seen people gravitate to scooters, in particular, as a socially-distant, open-air, safe form of transportation."
Beyond e-scooters and e-bikes, Lime is looking into other modes of transportation to suit every need a city-dweller could have.
"It's something we're exploring," Kovacevich said. "We see the future, and I think one of the things we've seen is cities during the pandemic have devoted more street space to 'slow streets' — to bikes — and that's the future."
Wealthfront’s CFO Alan Iberman talks the $2.05B IPO and the major moment for robo banking as the company bets on AI, automation, and “self-driving money."
A rare magnum of Dom Pérignon Vintage 1961 champagne that was specially produced for the 1981 wedding of Prince Charles and Lady Diana has failed to sell during an auction. Danish auction house Bruun Rasmussen handled the bidding Thursday. The auction's house website lists the bottle as not sold. It was expected to fetch up to around $93,000. It is one of 12 bottles made to celebrate the royal wedding. Little was revealed about the seller. The auction house says the bids did not receive the desired minimum price.
The New York Times and President Donald Trump are fighting again. The news outlet said Wednesday it won't be deterred by Trump's “false and inflammatory language” from writing about the 79-year-old president's health. The Times has done a handful of stories on that topic recently, including an opinion column that said Trump is “starting to give President Joe Biden vibes.” In a Truth Social post, Trump said it might be treasonous for outlets like the Times to do “FAKE” reports about his health and "we should do something about it.” The Republican president already has a pending lawsuit against the newspaper for its past reports on his finances.
OpenAI has appointed Slack CEO Denise Dresser as its first chief of revenue. Dresser will oversee global revenue strategy and help businesses integrate AI into daily operations. OpenAI CEO Sam Altman recently emphasized improving ChatGPT, which now has over 800 million weekly users. Despite its success, OpenAI faces competition from companies like Google and concerns about profitability. The company earns money from premium ChatGPT subscriptions but hasn't ventured into advertising. Altman had recently announced delays in developing new products like AI agents and a personal assistant.
President Donald Trump says he will allow Nvidia to sell its H200 computer chip used in the development of artificial intelligence to “approved customers” in China. Trump said Monday on his social media site that he had informed China’s leader Xi Jinping and “President Xi responded positively!” There had been concerns about allowing advanced computer chips into China as it could help them to compete against the U.S. in building out AI capabilities. But there has also been a desire to develop the AI ecosystem with American companies such as chipmaker Nvidia.