Tesla San Francisco – Sfeva http://sfeva.org/ Sat, 25 Sep 2021 12:30:22 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 http://sfeva.org/wp-content/uploads/2021/05/sfeva-icon-150x150.png Tesla San Francisco – Sfeva http://sfeva.org/ 32 32 Elon Musk breaks up with Grimes after three years http://sfeva.org/elon-musk-breaks-up-with-grimes-after-three-years/ http://sfeva.org/elon-musk-breaks-up-with-grimes-after-three-years/#respond Sat, 25 Sep 2021 09:30:17 +0000 http://sfeva.org/elon-musk-breaks-up-with-grimes-after-three-years/

San Francisco: SpaceX and Tesla CEO Elon Musk and Grimes have broken up after three years together, Page Six reported. The SpaceX founder confirmed that he and the Canadian singer were “semi-separated” but remained on good terms and continued to co-parent their one-year-old son, the epic XA A-Xii Musk.

“We’re half apart but we still love each other, see each other frequently and are on good terms,” Musk told Page Six on Saturday.

“It’s mainly that my job at SpaceX and Tesla requires me to be mostly in Texas or traveling overseas and his job is mostly in LA. She’s staying with me now and Baby X is in the next room, ”Musk said.

Page Six first revealed in May 2018 that Musk and Grimes were dating. They welcomed their son in May 2020. They were last seen together at the Met Gala earlier this month, when Grimes, 33, walked the red carpet alone. Musk, 50, also attended the event but only joined her indoors, according to the report.

He then hosted a star-studded Met Gala after-party at Zero Bond’s private club, where he was joined by Grimes, and the duo were pictured leaving New York City together the next day.

But last weekend, Musk attended a party hosted by Google co-founder Sergey Brin’s wife Nicole Shanahan on her own.

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Self-proclaimed “Elon Fanboy” Strengthens Tesla’s Position Worth More Than $ 4.6 Billion http://sfeva.org/self-proclaimed-elon-fanboy-strengthens-teslas-position-worth-more-than-4-6-billion/ http://sfeva.org/self-proclaimed-elon-fanboy-strengthens-teslas-position-worth-more-than-4-6-billion/#respond Fri, 24 Sep 2021 15:51:35 +0000 http://sfeva.org/self-proclaimed-elon-fanboy-strengthens-teslas-position-worth-more-than-4-6-billion/

San Francisco, Sep 24 (IANS) Self-proclaimed Elon Musk “fanboy” has managed to rack up a Tesla position worth more than $ 4 billion.

According to Electrek, despite his incredible wealth, Koguan Leo has kept a relatively low profile so far.

A Google search won’t do much except that he graduated from Columbia University and New York Law School and founded SHI International Corp, a large IT company.

Most recently, he made headlines for the purchase of James Dyson’s $ 54 million Singapore penthouse, famous for its vacuum cleaners, according to the report.

The Chinese-American billionaire has become active on Twitter lately, and he comments extensively on Tesla and his CEO Elon Musk.

He even described himself as an “Elon fanboy”.

On his Twitter account, he claimed to be Tesla’s third individual shareholder.

According to the report, no public document could confirm this and Leo claimed this was due to his owning the shares in multiple accounts, but he cited Tesla’s head of investor relations Martin Viecha as who confirmed the fact.

Leo apparently owns more than 6.2 million Tesla shares, which are currently worth $ 4.6 billion. This would in effect make him the third Tesla shareholder behind Musk and Larry Ellison.

–IANS

vc / arm

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Autopilot can see, respond to emergency lights at night http://sfeva.org/autopilot-can-see-respond-to-emergency-lights-at-night/ http://sfeva.org/autopilot-can-see-respond-to-emergency-lights-at-night/#respond Fri, 24 Sep 2021 07:18:00 +0000 http://sfeva.org/autopilot-can-see-respond-to-emergency-lights-at-night/

San Francisco: Electric vehicle company Tesla said it has updated its autopilot software to slow down when it detects emergency vehicle lights at night.

In an update to its upcoming Model 3 and Y user manual with software update 2021.24.12, Tesla added new language on capacity, reports Electrek.

“If Model3 / ModelY detects the lights of an emergency vehicle while using the Autosteer at night on a high-speed road, the driving speed is automatically reduced and the touchscreen displays a message informing you slowdown, ”the report said.

“You’ll also hear a chime and see a reminder to keep your hands on the wheel. When the light detections pass or stop appearing, the autopilot resumes your cruising speed. Alternatively, you can press the accelerator to resume cruising speed, ”he added.

Interestingly, Tesla specifies that this new ability works specifically “at night”.

The automaker also adds this important warning.

“Never rely on autopilot functionality to determine the presence of emergency vehicles. Model3 / ModelY may not detect emergency vehicle lights in all situations. Keep your eyes on your driving path and always be prepared to take immediate action, ”according to the report.

New language on Tesla Autopilot’s new capability was added after the U.S. National Highway Traffic Safety Administration (NHTSA) announced last month that it was opening an investigation into Tesla Autopilot into possible involvement in 11 crashes with emergency and first aid vehicles.

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AEGIS SEF Appoints Bruce Aust and Jason Lish to Board of Directors http://sfeva.org/aegis-sef-appoints-bruce-aust-and-jason-lish-to-board-of-directors/ http://sfeva.org/aegis-sef-appoints-bruce-aust-and-jason-lish-to-board-of-directors/#respond Thu, 23 Sep 2021 17:00:00 +0000 http://sfeva.org/aegis-sef-appoints-bruce-aust-and-jason-lish-to-board-of-directors/

Industry veterans to provide oversight and advice as public administrators

LES BOIS, Texas, September 23, 2021– (BUSINESS WIRE) – AEGIS SEF LLC, the SEF subsidiary of AEGIS Hedging Solutions, today announced that it has appointed Bruce Aust, former vice president of NASDAQ, and Jason Lish, chief security officer of Lumen Corporation, to its board of directors.

Bruce Aust brings deep expertise in regulated commercial markets, technological innovation and market expansion. Prior to serving as Vice President of NASDAQ, Bruce was Executive Vice President of Global Quotes from 2003 to 2014, where he oversaw new listings and capital markets activities for NASDAQ and 3,900 companies on the NASDAQ. sixteen NASDAQ listing markets around the world. Upon his appointment as vice president in 2014, Aust was instrumental in the creation and launch of the Nasdaq Entrepreneurial Center in San Francisco, a non-profit organization designed to engage emerging entrepreneurs through l education and mentoring.

During Bruce’s 21-year tenure, NASDAQ has won some of the biggest IPOs in history, including Google, Facebook, Tesla, PayPal, and Baidu. Mr. Aust has helped more than 300 companies go public while developing relationships with top CEOs. Mr. Aust also spent twelve years with Fidelity Investments in numerous roles within their retail brokerage unit from 1986 to 1998. Mr. Aust is currently a strategic advisor and member of the board of directors of several private companies as well as an advisor of 150 Bond, a consulting firm. to level C executives.

“I have had the privilege of bringing to market a number of technologies that shape the market throughout my career. I am impressed with the innovation that AEGIS SEF brings to bilateral derivatives markets and its commitment to do so in a way that advances the interests of all market participants – in the same way that NASDAQ has brought innovation, transparency and technology to every market it has entered, ”said Aust.

Jason Lish is a recognized expert in cybersecurity and regulated markets. He is currently Director of Security at Lumen Corporation, where he leads all corporate security functions and oversees cybersecurity, physical security, emergency preparedness, fraud management and security departments. government of Lumen. He also oversees the overall security of the company.

Prior to joining Lumen, Mr. Lish served as Director of Security, Privacy and Data for Advisor Group, a company that oversees a network of independent financial advisers. Prior to that, Mr. Lish was CSO and later Chief Information Officer for Alight Solutions, a business process outsourcing company. He also spent many years in various senior security roles at Charles Schwab Corporation and Honeywell International. He began his career in the US Air Force at Nellis Air Force Base in Nevada and at Keflavik NAS, Iceland.

“AEGIS brings technology, analysis and understanding to an area of ​​the market where investments are lagging behind – and with a total commitment to protecting the integrity and privacy of customer information,” said Lish. “I look forward to working with AEGIS SEF to increase the fairness and efficiency of the derivatives markets. “

“We understand the value of outside perspectives in creating a fair and efficient market for bilateral derivatives and are honored to have world-class leaders like Bruce and Jason join our board of directors,” said Justin McCrann, president of AEGIS SEF. “They provide tremendous validation of our approach and progress and join us at an exciting time as we move towards approval of our proposed FLS.”

About AEGIS

AEGIS enables companies to manage their commodity price and interest rate risk through advanced software and advisory capabilities. AEGIS provides a unique insight into the commodities and rates markets, develops and executes cash flow protection strategies, and manages all hedging program activities through a SaaS-enabled analysis and E / CTRM platform. AEGIS was recently named Hedge Advisor of the Year for an unprecedented fifth consecutive year. AEGIS is headquartered in The Woodlands, Texas. For more information, visit the AEGIS website at www.aegis-hedging.com.

About AEGIS SEF

AEGIS SEF LLC, a subsidiary of AEGIS Hedging Solutions, will facilitate the negotiation and execution of bilateral swap contracts for market participants. The AEGIS SEF, awaiting regulatory approval, will include (i) a request for quotation (RFQ) function to enable negotiations between clients and financial counterparties and (ii) a central limit order book (CLOB ). AEGIS SEF is headquartered in The Woodlands, Texas. For more information, visit https://aegis-hedging.com/swap-execution-facility.

View the source version on businesswire.com: https://www.businesswire.com/news/home/20210923005834/en/

Contacts

Media contacts
Allison Devaney, 646-818-9040, adevaney@prosek.com
Lauren Trice, 346-277-0971, ltrice@aegis-hedging.com

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Autonomous FedEx trucks will be cruising the United States in September! Aurora wants to complete driverless delivery technology by 2023 http://sfeva.org/autonomous-fedex-trucks-will-be-cruising-the-united-states-in-september-aurora-wants-to-complete-driverless-delivery-technology-by-2023/ http://sfeva.org/autonomous-fedex-trucks-will-be-cruising-the-united-states-in-september-aurora-wants-to-complete-driverless-delivery-technology-by-2023/#respond Wed, 22 Sep 2021 20:00:06 +0000 http://sfeva.org/autonomous-fedex-trucks-will-be-cruising-the-united-states-in-september-aurora-wants-to-complete-driverless-delivery-technology-by-2023/

Autonomous FedEx trucks are expected to be seen on the streets of the United States before the end of 2021. This on-road activity is part of Aurora’s driverless technology.

(Photo: Photo by Justin Sullivan / Getty Images)

The tech giant has announced that FedEx will use its software to deliver goods between Dallas and Houston. However, these trucks would still have a safety driver since the innovation is still incomplete.

On the other hand, Aurora announced on Wednesday, September 22 that it plans to use its new driverless software for trucks towards the end of 2023. The company, led by former self-drive program managers at Uber, Tesla and Google, claimed it would do so without the supervision of a safety driver.

The autonomous FedEx truck is just the start

Right now, Aurora and other automakers including Tesla are trying to create the perfect driverless functionality. However, no company has yet achieved this capacity.

Autonomous FedEx trucks will be cruising the United States in September!  Aurora wants to complete driverless delivery technology by 2023

(Photo: Photo by Justin Sullivan / Getty Images)
SAN FRANCISCO – DECEMBER 06: FedEx trucks are seen at a sorting center on December 6, 2005 in San Francisco. FedEx is starting to feel large parcel volumes as the holiday shipping season kicks off with a high level of online shopping. (Photo by Justin Sullivan / Getty Images) SAN FRANCISCO – DECEMBER 06: FedEx trucks are seen at a sorting center on December 6, 2005 in San Francisco. FedEx is starting to feel large parcel volumes as the holiday shipping season kicks off with a high level of online shopping.

Also Read: Volkswagen ID.4 Receives Top Safety Pick From IIHS + – Keeps It Away From Honda, Mazda, Tesla

If Aurora is the first to achieve this, it would go a long way in helping FedEx and other delivery companies and consumers avoid physical contact with other people, which is critical during the ongoing global pandemic.

According to the latest Reuters report, Aurora has decided to work with US truck maker PACCAR Inc. to develop its self-driving trucks. For some individuals, FedEx driverless delivery mobiles are already big innovations.

However, that’s just the start for Aurora, as the company plans to go public through a deal with Silicon Valley innovators Reid Hoffman and Mark Pincus.

The Tesla FSD autopilot is now being criticized in other news because some experts believe it could promote inattention. On the flip side, automakers may soon launch a camera feature capable of detecting sleeping drivers.

Other driverless projects

The South China Morning Post reported that China is currently rolling out its own autonomous driving standards.

These new requirements are being released as various automakers transition to driverless technology. The Chinese government has announced that its new stand-alone standards will be implemented in March 2022.

For more information on autonomous driving technologies and other similar innovations, always keep an eye out here on TechTimes.

Associated article: Boycott the current trend of Toyota as environmentalists accuse the automaker of supporting initiatives that prevent the development of electric vehicles!

This article is owned by TechTimes

Written by: Griffin davis

2021 TECHTIMES.com All rights reserved. Do not reproduce without permission.

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How Tesla’s FSD beta maneuvers around cyclists and pedestrians http://sfeva.org/how-teslas-fsd-beta-maneuvers-around-cyclists-and-pedestrians/ http://sfeva.org/how-teslas-fsd-beta-maneuvers-around-cyclists-and-pedestrians/#respond Wed, 22 Sep 2021 03:11:15 +0000 http://sfeva.org/how-teslas-fsd-beta-maneuvers-around-cyclists-and-pedestrians/

Tesla’s full self-driving beta kicked off the company’s status as a semi-autonomous driving platform in the stratosphere, revealing that the automaker is obviously above its competition. While vehicles equipped with the latest versions of FSD Beta perform quite well in typical traffic scenarios, there are many interactions that cars must go through that are not as widely publicized.

A video from YouTube user ElonX-net shows a compilation of vehicles equipped with the beta version of FSD maneuvering around cyclists and pedestrians cycling or walking on the shoulder of the road. While Teslarati has addressed some of these cases in the past, the company’s FSD suite continues to improve with every mile driven, making vehicle operation more accurate and robust as future software releases continue to be released to the public. .

Want to become a Tesla FSD beta tester? Elon Musk reveals how you can join

Several clips in the video show the shyness and conservative nature of FSD Beta. While the feature is precise in its maneuvers, it tends to be cautious, especially as Tesla continues to refine the software for the performance of the FSD suite. In addition to the many improvements that have been noted since the last release, the FSD beta suite is also expected to release its latest version this Friday and will include the “FSD button”, allowing drivers to sign up for the beta if they wish. .

Earlier versions of Autopilot and FSD performed exceptionally well in handling cyclists and pedestrians. With software release 2020.12.6 in May 2020, owners reported that Tesla’s external cameras could detect cyclists long before the human eye, alerting the driver that there would be a human on the shoulder of the road. . It looks like improvements over this already impressive performance have been made, especially given some of the maneuvers recorded in the new video.

RELATED:

Tesla will protect cyclists from ‘porting’ in future OTA update, notes Elon Musk

For example, a clip from the video shows a cyclist riding on a relatively thin portion of the shoulder of the road, and the Tesla shifts slightly towards the center line to give the cyclist room. However, other videos show the Teslas to be more timid in this case, especially if room to move to the center lane is limited due to cars on the other side of the road. Ultimately, Tesla’s FSD Beta isn’t cookie-cutter. It specifically makes decisions based on the environment and the situation it is in at the time, which makes it very robust and precise. This was described in several clips during the recent Tesla AI Day.

Watch ElonX-net’s video on Cyclist and Pedestrian Management by FSD Beta below!

https://www.youtube.com/watch?v=SxJaryVvmq4

How Tesla’s FSD beta maneuvers around cyclists and pedestrians






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CreatorIQ buys Tribe Dynamics – dot.LA http://sfeva.org/creatoriq-buys-tribe-dynamics-dot-la/ http://sfeva.org/creatoriq-buys-tribe-dynamics-dot-la/#respond Tue, 21 Sep 2021 14:05:43 +0000 http://sfeva.org/creatoriq-buys-tribe-dynamics-dot-la/

One of the largest influencer marketing firms, a Culver City-based startup that helps Disney, AirBnB and Amazon build social media campaigns, grows as demand for data on social media stars grows .

CreatorIQ, a marketing analytics company, is acquiring a similar company called Tribe Dynamics for around $ 70 million.


The cash and stock deal announced on September 21 comes less than a week after CreatorIQ raised $ 40 million to expand its operations and invest in fine-tuning the artificial intelligence systems it uses to gain precise measurements of a brand’s digital footprint.

Both companies use artificial intelligence to analyze market trends and assess whether marketing is working. As influencers become the default spokespersons for big box brands, companies are investing in predicting who is the best voice to sell specific products.

Igor Vaks, CEO of CreatorIQ

CreatorIQ CEO Igor Vaks said that every company prioritizes measuring a different subset of influencer marketing campaigns, which is why combining them made sense.

San Francisco-based Tribe Dynamics follows what co-founder Conor Begley calls “earned media,” a term to describe advertising the company doesn’t pay for, like people flexing their Tesla on Instagram.

The car owner doesn’t get paid by Tesla for the ad, but posting about it usually benefits the brand anyway, and this kind of side-advertising is a key metric to help brands really figure out how they’re doing it. are seen online.

On the other hand, CreatorIQ focuses on paid interactions where brands recruit influencers to sell their products and prioritize data over direct activations.


Conor Begley

“The companies are very complementary. Together, this will allow us to give brands and agencies a 360-degree view of paid and earned influencer marketing programs,” Vaks said in an email.

Begley said the company was looking to raise funds, but opted for the buyout instead, as it will give Tribe Dynamics access to areas of marketing intelligence it was not previously tracking, as well as support to develop.

Tribe Dynamics tracks metrics from fashion and beauty campaigns, but has no hold on other industries like automotive, publishing, entertainment, and gaming.

Tribe Dynamics will operate under its existing brand, just like CreatorIQ, but in the future, teams will share technology and staff while continuing to work remotely. The two have around 500 customers combined, Vaks noted. CreatorIQ’s influencer database has approximately 23 million people.

“Looking at CreatorIQ, and in particular its position in the market, I think right now it’s the most important in terms of both revenue and staff,” Begley said. “That was, frankly, part of the motivation, because as these things start to develop, you get significant benefits by being number one… additional access to capital (and) better access to partnerships.”

Grand View Research estimates that the global influencer marketing industry this year is valued at $ 7.68 billion, and noted that it expects the market to grow by around 30% by 2028. .

Begley argued that this figure seems low and pointed to the valuations of brands created by influencers that Tribe Dynamics follows – like Kylie Jenner’s Kylie Cosmetics, which was valued at $ 1.2 billion two years ago. Anastasia Beverly Hills, another influencer-led brand analyzed by Tribe Dynamics, was valued at $ 2.5 billion in 2018.

“If you really think about the amount of value created by the companies that are counted,” the overall industry valuation should be higher, Begley said. “I think it’s actually a lot, a lot bigger… If you start cooking in the brands that these people are creating, it gets really big really quickly.”

CreatorIQ has raised around $ 80 million since its launch in 2014, and its biggest clients include Unilever, Disney and Sephora, which it will add to Tribe Dynamics’ growing portfolio of luxury retailers like Gucci, Coach and Dior and brands from fast fashion like FashionNova and Gymshark.

Vaks said the deal gives CreatorIQ access to even more data, which positions it to become a more comprehensive player in the influencer analytics space.

“We also look forward to bringing Tribe’s capabilities to a wider range of industries such as games and entertainment,” said Vaks. “Measuring influencer marketing is something that will benefit all categories, not just beauty and fashion.”

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INSIGHT-A Matter of Life and Death for Regulators: Is Tesla’s Autopilot Safe? http://sfeva.org/insight-a-matter-of-life-and-death-for-regulators-is-teslas-autopilot-safe/ http://sfeva.org/insight-a-matter-of-life-and-death-for-regulators-is-teslas-autopilot-safe/#respond Tue, 21 Sep 2021 10:00:00 +0000 http://sfeva.org/insight-a-matter-of-life-and-death-for-regulators-is-teslas-autopilot-safe/

By Hyunjoo Jin, Mike Spector and David Shepardson

September 21 (Reuters)Robin Geoulla had doubts about the automated driving technology fitted to his Tesla Model S when he bought the electric car in 2017.

“It was a little scary to, you know, rely on it and just, you know, sit down and let it drive,” he told a US investigator of Tesla’s autopilot system, describing its first feelings about technology.

Geoulla made the comments to the investigator in January 2018, days after his Tesla, with autopilot on, slammed into the back of an unoccupied fire truck parked on a California highway. Reuters could not reach him for further comment.

Over time, Geoulla’s initial doubts about the autopilot subsided and he found it reliable to follow a vehicle in front of him. But he noticed that the system sometimes seemed confused when faced with direct sunlight or a vehicle ahead changing lanes, according to a transcript of his interview with an investigator from the National Transportation Safety Board (NTSB ).

He was driving in the sun before hitting the fire truck, he told the investigator.

The autopilot design allowed Geoulla to disengage from driving during his trip, and his hands were off the wheel for most of the roughly 30-minute period when the technology was activated, the NTSB found.

The U.S. agency, which makes recommendations but lacks enforcement powers, has previously urged regulators at the National Highway Traffic Safety Administration (NHTSA) to investigate the limitations of autopilot, the potential for driver abuse and possible safety risks as a result of a series of accidents involving the technology, some of them fatal.

“The past has shown that the focus has been on innovation rather than security and I hope we are at a point where the trend is turning,” the new NTSB chairperson told Reuters. , Jennifer Homendy, in an interview. She said there was no comparison between Tesla’s autopilot and the more rigorous autopilot systems used in aviation that involve trained pilots, rules dealing with fatigue and drug testing. and alcohol.

Tesla did not respond to written questions for this story.

Autopilot is an advanced driver assistance feature, the current version of which does not make vehicles autonomous, the company says on its website. Tesla says drivers must agree to keep their hands on the wheel and maintain control of their vehicles before activating the system.

LIMITED VISIBILITY

The Geoulla crash in 2018 is one of 12 accidents involving an autopilot that NHTSA officials are examining in the agency’s most in-depth investigation since Tesla Inc. TSLA.O introduced the semi-autonomous driving system in 2015.

According to an NHTSA statement, NTSB documents and police reports reviewed by Reuters, most of the accidents under investigation occurred after dark or in conditions creating limited visibility, like a dazzling sun. This raises questions about the capabilities of the autopilot in difficult driving conditions, according to autonomous driving experts.

“NHTSA’s enforcement and default authority is broad, and we will act when we detect an unreasonable risk to public safety,” an NHTSA spokesperson said in a statement to Reuters.

Since 2016, U.S. auto safety regulators have separately dispatched 33 special accident investigation teams to examine Tesla’s crashes involving 11 fatalities in which advanced driver assistance systems were suspected of being used. The NHTSA ruled out the use of autopilot in three of these non-fatal crashes.

The current NHTSA autopilot investigation is indeed reopening the question of whether the technology is safe. This represents the latest big challenge for Elon Musk, the chief executive of Tesla whose advocacy for driverless cars has helped his company become the world’s most valuable automaker.

Tesla charges customers up to $ 10,000 for advanced driver assistance features such as lane change, with the promise of ultimately providing autonomous driving capability to their cars using only cameras and software. advances. Other automakers and autonomous driving companies are using not only cameras but also more expensive equipment, including radar and lidar, in their current and future vehicles.

Musk said a Tesla with eight cameras would be much safer than human drivers. But camera technology is affected by darkness and glare from the sun as well as adverse weather conditions such as heavy rain, snow and fog, according to experts and industry executives.

“Computer vision today is far from perfect and will be for the foreseeable future,” said Raj Rajkumar, professor of electrical and computer engineering at Carnegie Mellon University.

In the first known fatal accident in the United States involving Tesla’s semi-autonomous driving technology, which occurred in 2016 west of Williston, Florida, the company said the driver and autopilot did not hadn’t seen the white side of a semi-trailer against a brightly lit sky. Instead of braking, the Tesla collided with the 18-wheeled truck.

IMPROPER USE OF THE DRIVER, DEFECTIVE BRAKING

The NHTSA in January 2017 closed an autopilot investigation resulting from the fatal crash, finding no flaws in autopilot performance after controversial discussions with Tesla officials, according to documents reviewed by Reuters.

In December 2016, as part of that investigation, the agency asked Tesla to provide details of the company’s response to any internal security concerns raised about the autopilot, including the potential for abuse or driver abuse, according to a special order sent by regulators to the automaker. .

After an NHTSA lawyer found that Tesla’s initial response was missing, Tesla’s general counsel at the time, Todd Maron, tried again. He told regulators the demand was “far too broad” and that it would be impossible to catalog all of the concerns raised during the development of the autopilot, according to correspondence reviewed by Reuters.

Nonetheless, Tesla wanted to cooperate, Maron told regulators. During Autopilot’s development, company employees or contractors raised concerns with Tesla about the potential for unintentional or failed braking and acceleration; unwanted or failing leadership; and certain types of abuse and abuse by drivers, Maron said, without providing further details.

Maron did not respond to messages seeking comment.

The reaction of regulators is unclear. A former U.S. official said Tesla generally cooperates with the probe and quickly produces the requested documents. Regulators closed the investigation just before the inauguration of former US President Donald Trump, finding that the autopilot was working as intended and that Tesla had taken steps to prevent it from being misused.

NHTSA LEADERSHIP VACUUM

The NHTSA has been without a Senate confirmed leader for nearly five years. President Joe Biden has yet to name anyone to head the agency.

NHTSA documents show regulators want to know how Tesla vehicles attempt to see flashing lights on emergency vehicles, or detect the presence of fire trucks, ambulances and police cars in their path. The agency also sought similar information from 12 rival car manufacturers.

“Tesla has been asked to produce and validate data as well as their interpretation of that data. NHTSA will perform our own independent validation and analysis of all information,” NHTSA told Reuters.

Musk, the pioneer of the electric car, fought hard to defend the autopilot against critics and regulators. Tesla used Autopilot’s ability to update vehicle software wirelessly to override and bypass the traditional vehicle recall process.

Musk has repeatedly promoted autopilot capabilities, sometimes in a way that critics say misleads customers into believing Teslas can drive themselves – despite warnings to the contrary in owner’s manuals. that ask drivers to stay engaged and point out the limits of technology.

Musk also continued to launch what Tesla calls beta – or unfinished – versions of a “Full Self-Driving” system via over-the-air software upgrades.

“Some manufacturers are going to do whatever they want to sell a car and it’s up to the government to control that,” said Homendy of the NTSB.

(Reporting by Hyunjoo Jin in San Francisco, Mike Spector in New York and David Shepardson in Washington Editing by Joseph White and Matthew Lewis)

((hyunjoo.jin@thomsonreuters.com; 82-2-3704-5685; Reuters messaging: hyunjoo.jin.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Wall Street ends sharply in a big selloff http://sfeva.org/wall-street-ends-sharply-in-a-big-selloff/ http://sfeva.org/wall-street-ends-sharply-in-a-big-selloff/#respond Mon, 20 Sep 2021 20:00:56 +0000 http://sfeva.org/wall-street-ends-sharply-in-a-big-selloff/

(Correction to say Treasury prices increased in paragraph 5)

* All eyes on the Fed policy meeting later this week

NEW YORK, Sept. 20 (Reuters) – Wall Street plunged on Monday as fear of contagion from a potential collapse of China’s Evergrande caused a large sell-off and prompted investors to flee stocks for safety concerns.

The Nasdaq fell to its lowest level in about a month, and Microsoft Corp, Alphabet Inc, Amazon.com Inc, Apple Inc, Facebook Inc and Tesla Inc were among the biggest brakes on the index as well as the S&P 500.

The top 11 sectors of the S&P 500 were down, with economically sensitive groups like energy falling the most.

Investors were also nervous ahead of the Federal Reserve’s policy meeting this week.

The banking sub-index fell sharply as US Treasury prices rose, with concerns about a possible Evergrande default appearing to affect the entire market.

“You kind of knew that when there was something that caught the markets off guard, it was probably going to lead to a bigger sell-off and you didn’t know what the reason would be,” said Sameer Samana, senior strategist of world markets. at the Wells Fargo Investment Institute.

“I guess this is the news from China but… it’s not entirely surprising given how optimistic people were.”

Wednesday will bring the results of the Fed’s policy meeting, where the central bank is expected to lay the groundwork for tapering, although the consensus is that an actual announcement will be delayed until the November or December meetings.

Unofficially, the Dow Jones Industrial Average lost 620.22 points, or 1.79%, to 33,964.66, the S&P 500 lost 75.28 points, or 1.70%, to 4,357.71 and the Nasdaq Composite lost 325.95 points, or 2.17%, to 14,718.02.

The S&P 500 is down sharply from its September 2 intra-day high and is on course to end a seven-month winning streak.

Morgan Stanley strategists said they expected a 10% correction in the S&P 500 as the Fed begins to ease monetary support, adding that signs of slowing economic growth could deepen it to 20% .

The CBOE volatility index, known as the Wall Street fear gauge, rose. (Reporting by Caroline Valetkevitch in New York; additional reporting by Devik Jain and Sagarika Jaisinghani in Bengaluru and Noel Randewich in San Francisco; editing by Sriraj Kalluvila and Lisa Shumaker)

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Airbnb Appoints New Ethics Officer Amid Changes to Internal Legal Group http://sfeva.org/airbnb-appoints-new-ethics-officer-amid-changes-to-internal-legal-group/ http://sfeva.org/airbnb-appoints-new-ethics-officer-amid-changes-to-internal-legal-group/#respond Mon, 20 Sep 2021 09:33:45 +0000 http://sfeva.org/airbnb-appoints-new-ethics-officer-amid-changes-to-internal-legal-group/

Airbnb Inc., which is approaching its first anniversary as a public company, has appointed newly promoted Deputy General Counsel Peter Urias as Chief Ethics Officer.

Urias takes over a post previously held by former Airbnb general counsel Robert Chesnut, who split from the San Francisco-based company last year as it grappled with the economic fallout from the coronavirus.

Urias recently served as an associate general counsel after joining Airbnb four years ago as a senior employment advisor. He entered the online hospitality market after a brief stint internally at Tesla Inc.

Airbnb laid off 25% of its employees – who sometimes refer to each other as “Airfam” – ahead of a first public offering last year that raised $ 3.5 billion. The securities filings show that Airbnb’s debut on the stock market generated nearly $ 5 million in legal fees and expenses for Latham & Watkins, which served as outside counsel for the listing.

Airbnb spokesperson Liz DeBold Fusco confirmed Urias’ promotion. Airbnb had turned to Urias to take on its leading role in interim ethics earlier this year, she said. Urias took the post permanently in June and was promoted this month to Deputy Advocate General.

He was not immediately available to discuss his rise to the post of Chief Ethics Officer.

Urias began his legal career over ten years ago as a partner in New York, working in commercial and employment litigation respectively at Bryan Cave and Seyfarth Shaw. He went internally in 2014, joining SolarCity Corp., a San Mateo, California-based solar energy company co-founded by cousins ​​of entrepreneur Elon Musk.

Two years later, Musk’s Tesla rushed to acquire SolarCity. Urias spent five months at Tesla, dealing with employment compliance issues related to the company’s integration with SolarCity, before moving to Airbnb in early 2017.

At Airbnb, Urias led the company’s employment group in 2018. The following year, he was part of a team of in-house lawyers that advised Airbnb on its acquisition of its rival in the HotelTonight hospitality.

In 2020, Urias spent five months on the commercial side of Airbnb supporting its Pro Host, Lux and Long Term Stays businesses before returning to the legal department.

The company said Urias played a leading role last year in implementing Airbnb’s diversity plan, which aims to increase the percentage of its workforce that includes under-represented minority groups. He worked closely with Chesnut in developing the company’s ethics program, according to Airbnb.

Time change

As Chief Ethics Officer, Urias inherits a role that was held on an interim basis by former Associate General Counsel for Policy and Compliance Kevin Heneghan, who left the company earlier this year, according to his profile. LinkedIn. He is one of several Airbnb attorneys who moved on after the company went public.

Tanja de Coster, associate general counsel for global litigation, who was hired by Airbnb in 2013 after half a dozen years internally at eBay Inc., wrote in a LinkedIn update this month that she resigned.

“I decided to embark on a new adventure,” said de Coster, linking to a blog post she also wrote describing the eight lessons she learned during her eight years at Airbnb. . “I will spend my time being an activist, an investor, a student and a board member. “

Facebook Inc. welcomed Julie Wenah, Senior Community Advisor and Interim Regional Advisor for Africa at Airbnb, as Associate General Counsel for Civil Rights in April. Robert Studley, Senior Community Trust Lawyer at Airbnb, where he spent nearly six years, left in May to become Senior Product Advisor at Instacart Inc.

Airbnb also saw associate general counsel Derek Smith, a five-year veteran of corporate law, where he occasionally took his dog to meetings, leave in July to become general counsel for Dutch communications startup MessageBird BV.

Legal recruits

The departures were offset by the recruitment by Airbnb of new lawyers to strengthen the legal, compliance, safety and security teams of the new public company.

Airbnb hired Morgan partner Lewis & Bockius John Polito in San Francisco, where he was co-lead of the law firm’s copyright practice, as an associate general counsel for global risks and regulations in June. Airbnb added corporate lawyer Alison Bloch, who had been a partner at Skadden, Arps, Slate, Meagher & Flom, in May.

Baker McKenzie Senior Partner Juliana Marques joined Airbnb in April as Senior Director of Taxation, a perennially delicate issue for the company, while Senior Privacy Advisor Julienne Chang joined Airbnb in March. from Singapore Airlines Ltd.

In February, Airbnb hired Courtney Shike, a former partner at Wachtell, Lipton, Rosen & Katz in New York City, as an advisor for stakeholder initiatives, after the firm seconded her to the company last year. .

Bloomberg News detailed in a June feature article how Airbnb deploys crisis management and security professionals to protect both its business and public image, as well as the company’s customers. Airbnb’s legal group is headed by Chief Legal Officer Richard Baer, ​​a former senior lawyer at Liberty Media Corp. who joined Airbnb in 2019.

Baer’s hiring saw Chesnut relinquish his title as attorney general, a role the former federal prosecutor took on in 2016, having previously served as eBay’s third door attorney. Chesnut then became Airbnb’s very first Ethics Officer.

Belinda Johnson, the first-ever CEO hired by Airbnb Co-Founder and CEO Brian Chesky, resigned her role as the company’s COO last year, a position she held in 2018 after serving as Chief Operating Officer. business and legal affairs of the company. Airbnb initially hired Johnson to be its general counsel in 2011.

Johnson remains on Airbnb’s board of directors. She currently owns nearly $ 33 million in Airbnb shares, according to Bloomberg data. Deposits of securities related to the company’s IPO last year reveal Johnson received more than $ 13.8 million in total compensation in 2019, including $ 926,250 in cash.

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