Ford debuts its new "smart vehicle, smart world" at CES in Las Vegas. Alyssa Julya Smith met up with Sherif Marakby, Vice President of Autonomous Vehicles & EV at Ford, to discuss when the company will be hitting the road with its self-driving cars.
Earlier this year Ford teamed up with Domino's to deliver pizza to Michigan customers in driverless cars. Marakby discusses what went into making that experiment a successful one. Everything from which side of the car the touchpad should be on, to whether or not to integrate voice.
Plus, what is the future of smart cities and what are the challenges? Marakby says the biggest challenge in autonomous driving is parking. Most cities don't have enough curb accommodations for a fleet of self-driving cars to succeed. He said that Ford will be testing a fleet of self-driving cars in a new city, to be announced later this year.
The state of Arkansas sued TikTok and Facebook parent Meta on Tuesday, claiming the social media companies were misleading consumers about the safety of children on their platforms and protections of users' private data.
Stocks are rising again as a bit more fear evaporates from Wall Street. The S&P 500 was up 0.7% early Thursday. The benchmark index is on pace for its fifth gain in the last six days.
The Federal Deposit Insurance Corp. is set to pay almost $23 billion to stabilize the banking sector. That money comes from an insurance fund that is refilled through fees paid by banks. Now the agency is considering a special assessment on the entire industry to help make up the costs, according to a Bloomberg report.
About 61% of Americans say the economy is impacting their mental health, according to a PayPal survey. Shanthi Sarkar, vice president of financial services at PayPal, joined Cheddar News to break down some key takeaways from the survey and offer tips on saving and managing money.
Monthly VC funding fell below $20 billion in February, marking a two-year low. Jager McConnell, CEO of Crunchbase, joined Cheddar News to discuss the current funding climate and what lies ahead.
