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.

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.

Uber the last week openly listed for an initial public offering, it fastened its reputation as a technology behemoth with its own share of liabilities. One significant sector is its Autonomous Technology group, which has emitted hundreds of millions into mounting self-driving car tech since 2015 but is however to commercialize it. According to reports, Uber spent $457 million in 2018 on research and development for autonomous vehicles (and its other tech research think tanks, like “flying taxis”) a figure 19 percent higher when compared to those we saw in 2017.

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Real progress by for Uber not to consider the latent shareholders embracing its IPO while declaring a major stake into its Autonomous Technology Group from a Japanese consortium on Thursday. Well, the inflow of $1 billion investment arrives from Softbank Vision Fund, Toyota, and the automotive supplier Denso. All of these corporations are aggressively bankrolling encouraging transportation technology businesses.

The investment values the autonomous tech team at $7.25 billion also facilitates the formulation of a new board for the group, with seats for Softbank and Toyota. These council posts may, however, need to accept the US government‘s approval. Uber’s plan for autonomous vehicle technology is somewhat intricate. In partnership with the help of Volvo Cars, it intends to establish its own technology for self-driving vehicles, which could serve as a fleet operator.

The firm also has a two-year-old agreement with Daimler, to set the automaker’s self-driving vehicles on the Uber stage. It has a former association with Toyota, which invested $500 million in Uber ATG last summer and sketched a plan to work with Uber to build a self-driving Toyota Sienna minivan and stream it on Uber’s stage.