Some of the world's leading automakers are all turning to the same company to help bring past the self-driving finish line. Aurora CEO and Co-Founder Chris Urmson joins Cheddar at CES to discuss his firm's newly-announced partnership with Volkswagen Group. He describes his company's goal as providing the "drivers," by way of software, for autonomous vehicles.
The partnership is focused on developing "mobility as a service" initiative in major cities. Urmson describes how Aurora will help Volkswagen Group's fleet of self-driving cars, known as Sedric, connect people in urban communities. He explains how the service initiative will help people with mobility issues of their own, as well as making transportation easier for commuters.
Urmson reveals how his company spent the past year working with Volkswagen Group to integrate its system into the automaker's fleet. He breaks down Aurora's high-pedigree founding team, including himself, a veteran of Google's self-driving initiative, and Sterling Anderson, one of the minds behind the launch of Tesla's Model X.
Genius, the online encyclopedia for lyrics, has struck a deal with Apple that will allow Apple Music subscribers to listen to a song and follow the lyrics side-by-side, all from the Genius website.
Stocks rebounded at the market open Friday after a massive two-day sell-off. The Dow Industrials shot up by 400 points.
On Thursday the Dow closed down more than 500 points, just one day after a 800 point drop. The tech-heavy Nasdaq briefly fell more than 10 percent from its all-time highs, as the market's "fear index" hit its highest level since February. Eugene Yashin, CEO and CIO at Signet Financial
Management, discusses what's causing the volatility.
Anne Mahlum isn't mincing words: her start-up is for sale. The founder and CEO of Solidcore, the latest boutique fitness studio with an NYC flagship, says she's expanding the business with an eye on a sale within five years.
The markets looked to recover from a major sell-off on Wednesday. The Dow closed down more than 800 points. The Florida Panhandle is reeling after Hurricane Michael tore through the region causing catastrophic damage. And Razer launched a handful of new products, including the Razer Phone 2, to make gaming more accessible. Kevin Allen joins Cheddar to explain what makes the products stand out in the gaming world.
Shopify, the Canadian e-commerce site, is finding its place offline opening its first retail space ever in Los Angeles. Satish Kanwar, VP of product at Shopify, said that the company's goal is always to make entrepreneurship more accessible.
The competition is on for new medicinal marijuana licenses in New Jersey after Democratic Gov. Phil Murphy prioritized cannabis production when he took office. The CEO of one potential licensee, Moxie, thinks the state has "passed the tipping point" for accepting medical pot at the state level.
Chad Morganlander, portfolio manager at Washington Crossing Advisors, and Daniel Ives, managing director at Wedbush Securities, urged caution and long-term thinking for investors not used to this kind of volatility.
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The Dow was back to session lows late Thursday morning after briefly entering the green following Wednesday's widespread sell-off.
