Verizon’s latest push in connected cars will include more than just Wifi.
“The connected vehicle ecosystem is so much more than that,” Andrés Irlando, CEO of Verizon Connect, told Cheddar. “What we do is essentially help customers to optimize their connection to their vehicles and their mobile resources more generally.”
The telecom giant invested $5 billion to launch “Verizon Connect” for consumers and companies on Tuesday. It’s a merger of three fleet management and mobile software brands, Telematics, Fleetmatics, and Telogis, which together will provide logistics and data analytics.
Irlando said the technology has already helped clients boost safety and productivity. He pointed to one customer in particular, online grocer FreshDirect.
“To improve driver behavior, they’re able to track speeding, harsh braking, harsh turns, seatbelt usage,” he said. “We provide solutions that are focused on safety and security, so think about solutions like automatic crash notifications.”
Pfizer has entered a $43 billion merger agreement with biotechnology firm Seagen in a deal designed to bolster the pharmaceutical giant's efforts to fight cancer
The second-largest stablecoin — a cryptocurrency that is pegged to a fiat currency — USCD depegged from the dollar, hitting an all-time low of around 88 cents over the weekend.
The Treasury Department, Federal Reserve, and Federal Deposit Insurance Corporation said all depositors at the failed Silicon Valley Bank could access all their money quickly, even as another major bank was shut down.
The Treasury Secretary, who emphasized that the situation was much different from the financial crisis almost 15 years ago, said the government would help depositors who are concerned about their money.
