Well, the entrepreneur made the commitment as he declared an improved microchip for its driverless vehicles.

Mr. Musk had narrated investors, he expected regulators to approve ride-hailing in some areas for autonomous vehicles.
Continued saying, I feel very positive about predicting autonomous robotaxis next year.

Also, Mr. Musk had said that he anticipated the scheme to operate on a model comparable to that of Uber or Airbnb.

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Moreover, the company revealed computer hardware will be fully self-driving capabilities in the form of the new microchip.
However, there still are technical and legal hurdles ahead for driverless cars, which currently are not deemed as sophisticated or roadworthy as cars with drivers, nor guarded enough for public roads.

Mr. Musk  further added saying:

This seems to be the custom-designed chip that is best accessible giving a notable breakthrough in self-driving.
However, Tesla’s vehicles still aren’t at the par of autonomy required to build the self-driven.

Moreover, Level 4 autonomy is a vehicle that can drive itself with a human on standby. Further level 5 is built to meet the required standards before it can be called truly autonomous of human agency.
Expecting it to be a far-fetching design when compared to any other Tesla car so far.

Christine Lagarde signaled that businesses and investors will remain reluctant in the coming months, as she was discussing the agreement of an extension to Article 50.

She continued saying any extended dilemma would show a negative effect.

Ms. Lagarde [Former French Finance Minister] said:

“I expected a deal to be hit quickly”.
While speaking at the World Bank and IMF Spring Meetings in Washington, Ms. Lagarde said,

If there was a prolonged uncertainty, we can assume that the impact on confidence would continue. Whether you talk about investors or about decisions as to where to expand where to set up how to organize a supply chain, people are going to wonder, you know, what comes next and how will it get resolved.

• It would have a negative impact, no doubt about it.
• She further expressed pity for the plight of British businesses.
• Where she highlighted that even with the probability plans in place.

And they also might face disruption in the event of a no-deal Brexit. Also may have to be resigned to suffering a hit to their balance sheets and possibly market share.

Unfortunate

The IMF earlier in the week cautioned that no deal would cause the UK economy to shrivel, echoing the scenarios published by the Government and the Bank of England.

Ms. Lagarde then revealed her personal insight, the IMF managing director said the Brexit process was very, very disquieting on the one hand and very sad.

I grew up across the Channel and in the city of Le Havre. To be able to travel across Southampton, in an easy and unhampered way, was wonderful…
Addressing the journalists, Ms. Lagarde said, having my positive hat on it removes the risk of a no-deal Brexit on April 12, so at least the UK is not leaving on April 12 without a deal.
However, we believe that no-deal Brexit would have been a disastrous outcome.

As Brexit is at risk, the IMF has flagged what it termed a sensitive time for the global economy in its World Economic Outlook, with others including trade pressures between the US and China and high corporate debt levels in many countries.
But said is hoping to see a rebound in global growth later this year but admitted that was dubious.

Slack has joined the long list of tech companies in publicly listing their shares this year after the workplace messaging start-up released an offering prospectus on Friday. Slack has collected $400.6 million in revenue during the first fiscal year that ended on January 31, all this was disclosed for the first time as it shared its financial results widely for the first time. This figure when calculated is seen to be double what had been generated from the previous fiscal year. Some good news is in store however as its loss this fiscal year has fallen to $140.7 million which is lesser than the data from the previous year that shows that they lost $180.9 million.

The company was also up by almost 50% when it came to paying customers in comparison to the previous year as they ended with 88,000 paying customers. Around 40% of the revenue that the company generated was from the 575 customers who paid more than $100,000 for their subscriptions. Slack was born from a video game company and has now slowly evolved into a widely used by workers to communicate.

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A conceptual software that is supposed to be an easy alternative and eventually a to email while it allows colleagues to chat, share files and other such common tasks. Slack’s filing comes after the initial public offering of two other major startups were filed, those of Lyft and Pinterest.

However, Uber is the biggest tech public offering in recent years Uber prices its shares at a value of as much as $91 billion as predicted by a stock sale. The IPO has had very bittersweet results as the shares of Lyft sank below their IPO price after a minute spike in it the previous month.

Pinterest, the image-based social network, lucky as its stock has stayed above its offering price since its debut. Smaller startups that sell software to other businesses have performed considerably a lot better.

The shares of Zoom a video conferencing company rose by 80% on its early days of trading as a public company. PagerDuty sells software to help companies respond to complaints and other incidents, experienced a shoot of 80 percent. Investors love the predictable revenue of tech companies. Based on that they bet on the company that they will continue to increase their spending on these wares. Slack seeks to get benefit from this trend.