Senator Gary Peters (D-MI) spoke with Cheddar about sexual assault allegations against his Democratic colleague Senator Al Franken. He said he supports and investigation by the Ethics Committee into the incident.
Moments after the House Republicans passed its version of a tax reform bill, the Michigan Senator gave us his thoughts on the plan. He worries about the debt younger generations will inherit if the House or Senate versions of the bill make it to President Trump's desk.
Senator Peters also believes the autonomous vehicles will cause a technology revolution, similar to the assembly line. He is working on legislation to advance testing and development of self-driving car.
FAANG stocks (Facebook, Amazon, Apple, Netflix, and Google) are taking over old-school media companies, growing "at a rate that no one thought was possible," says Lorne Brown, the CEO of the ad tech firm Operative. To keep up, traditional media outlets should consider "comingling" with the newcomers, says Brown.
Since customers now have so much at their fingertips, "we need to weed through everything," says Jenny Fleiss, CEO of Code Eight, a personal shopping start-up owned by Walmart. Fleiss was also the co-founder of fashion-tech company Rent the Runway.
Amazon is betting big on AR/VR and its plans do not include any headsets or devices. PCMag's Rob Marvin joins Cheddar to discuss his exclusive look at the upcoming company's development platform, Sumerian.
The giant e-commerce site has launched Sumerian, an easy-to-use platform that lets users build AR and VR apps, explains Rob Marvin, PCMag Associate Features Editor
Netflix stock is surging after the company reported first-quarter earnings, disclosing that the company added 7.4 million subscribers in the first three months of this year. Netflix now has 125 million subscribers globally. This year, Netflix plans to spend $8 billion on developing original content.
Goldman Sachs reported earnings on Tuesday, soaring past Wall Street estimates. The firm said its quarterly revenue hit $10 billion, an increase of 27%. Goldman's successful first quarter is due in large part to the recent surge in trading and market volatility.
Plus, we talk artificial intelligence with Sam Mantle, managing director of digital enterprise at Luxoft. The company recently announced a partnership with Softbank Robotics America to improve technology in "Pepper" the robot. Mantle digs into how Pepper can be used across industries from travel, to retail, to hospitality, noting that developers are just starting to learn how expansive and beneficial artificial intelligence can be.
The software developer Luxoft is teaming up with Softbank Robotics America to bring its humanoid robot Pepper to life.
"This is about making robots accessible," says Sam Mantle, managing director of digital enterprise at Luxoft.
Beyond direct competitors Hulu and Amazon, more companies will jump in to give Netflix a run for its money. "The competition is intensifying across all fronts," says Paul Verna, principal analyst at eMarketer. The streaming service posted strong earnings Tuesday, with a massive growth in subscribers and better-than-expected revenue.
The streaming service added more than 7.4 million new users in the first quarter. The fact that so much of that growth is coming from the international market is a positive for investors, says Kyle Robertson, Founder and Editor-in-Chief of StartU.
Tesla is temporarily suspending production of its Model 3 vehicle in an effort to reduce manufacturing bottlenecks. The pause in production was planned and is expected to last less than a week. However, this is the second time Tesla has paused Model 3 production since February, leading many to worry about whether the company can deliver on its ambitious production targets.
Netflix is off to a strong start this year. The stock surged after the company reported first-quarter earnings, disclosing that the company added 7.4 million subscribers in the first three months of this year. Netflix now has 125 million subscribers globally.
A recent report by the investigative news site Reveal found that Tesla's factory is ridden with safety hazards, and that the carmaker categorizes workplace injuries as "personal medical issues" to decrease its rate of injuries. The company puts "production of cars over worker safety," said Will Evans, one of the reporters who wrote the article.
