Johana Bhuiyan, writing for Recode: Transport for London, the taxi regulating service in London, announced today that it would not be renewing Uber's license to operate because of concerns over the company's "lack of corporate responsibility" in relation to public safety issues. The ride-hail company, which launched in London in 2012, is appealing the TfL's decision and will be allowed to continue to operate until a court makes a decision on that appeal. That process could take months. London is a significant market for Uber: The company says there are 40,000 drivers and 3.5 million riders on its platform in London. And like New York City, it is one of the most regulated markets where Uber operates. Unlike most markets across the U.S., Uber drivers in London and New York City are required to participate in government administered background checks.

Alphabet's Waymo unit is seeking about $2.6 billion from Uber for the alleged theft of one of several trade secrets in a lawsuit over self-driving cars, a lawyer for Uber said on Wednesday. From a report: Uber attorney Bill Carmody disclosed the figure in a hearing in federal court in San Francisco, where both companies are discussing whether a trial in the case will begin next month. Waymo has asserted claims that Uber stole several of its trade secrets. The total amount of Waymo's damages request was not publicly disclosed at the hearing on Wednesday. Waymo claimed in a lawsuit earlier this year that former engineer Anthony Levandowski downloaded more than 14,000 confidential files before leaving to set up a self-driving truck company, which Uber acquired soon after.

Ethereum's founder, Vitalik Buterin, believes that his cryptocurrency has the potential to replace things like credit card networks and gaming servers. He even goes as far to say that Ethereum will replace Visa in "a couple of years," though he later clarified that "ethereum *will have Visa-scale tx capacity*, not that it will 'replace Visa.'" TechCrunch reports: "There's the average person who's already heard of bitcoin and the average person who hasn't," he said. His project itself builds upon that notion by adding more utility to the blockchain, thereby creating something everyone will want to hear about. "Where Ethereum comes from is basically you take the idea of crypto economics and the kinds of economic incentives that keeps things like bitcoin going to create decentralized networks with memory for a whole bunch of applications," he said. "A good blockchain application is something that needs decentralization and some kind of shared memory." That's what he's building and hopes others will build on the Ethereum network.

Right now the network is a bit too slow for most mainstream applications. "Bitcoin is processing a bit less than 3 transactions per second," he said. "Ethereum is doing five a second. Uber gives 12 rides a second. It will take a couple of years for the blockchain to replace Visa." Buterin doesn't think everything should run on the blockchain but many things can. As the technology expands it can grow to replace many services that require parallelization -- that is programs that should run at the same time.

An anonymous reader quotes the New York Post: As the staggering national student loan debt tally sits at an all-time high of $1.33 trillion, according to the Department of Education, many millennials say they would go to extreme lengths to wipe their slate clean. According to a new survey from Credible, a personal finance website, 50 percent of all respondents (ages 18-34) said they would give up their right to vote during the next two presidential elections in order to never have to make another loan payment again.
Yet only 44% said they'd be willing to give up Uber and Lyft -- and only 13% said they'd be willing to give up texting.

One million households lost power in Florida, and at least three people died, after Hurricane Irma made landfall Sunday morning. Bloomberg reports how Uber tried to help: Uber Technologies Inc. is offering free rides to shelters near Tampa as Hurricane Irma barrels toward the Florida mainland. The City of Tampa's Office of Emergency Management publicized the free rides on its Twitter feed, @AlertTampa, and mobile news alert service. Uber's offer helps serve a vital need for transportation, as Tampa Bay area residents got late notice that the monster storm that changed track on Saturday and was heading their way. It also provided a chance for the company to burnish an image... Uber has also been criticized for using its so-called surge pricing in times of crisis.

cdreimer writes: According to a report in The Wall Street Journal (Warning: source may be paywalled, alternative source), Uber is under investigation by federal law-enforcement authorities for using a program called "Hell" to illegally interfere with the competition by creating fake Lyft accounts, initiating phony ride requests for Lyft drivers, and offering cash bonuses for drivers who drive for both services to leave Lyft. This is creating a new headache for incoming CEO Dara Khosrowshahi to deal with. From the report: "Federal law-enforcement authorities in New York are investigating whether Uber Technologies Inc. used software to interfere illegally with its competitors, according to people familiar with the investigation, adding to legal pressures facing the embattled ride-hailing company and its new chief executive. The investigation, led by the Federal Bureau of Investigation's New York office and the Manhattan U.S. attorney's office, is focused on a defunct Uber program, known internally as 'Hell,' that could track drivers working for rival service Lyft Inc., the people said. 'We are cooperating with the SDNY investigation,' said an Uber spokesman, referring to New York's Southern District. He declined to offer additional details. Uber has never publicly discussed the details of the program. But people familiar with the matter said 'Hell' worked like this: Uber created fake Lyft customer accounts, tricking Lyft's system into believing prospective customers were seeking rides in various locations around a city. That allowed Uber to see which Lyft drivers were nearby and what prices they were offering for various routes, similar to how such information appears when an authentic Lyft app is opened on a user's smartphone, these people said. The program was also used to glean data on drivers who worked for both companies, and whom Uber could target with cash incentives to get them to leave Lyft, said these people, who added that the program was discontinued last year."

Samsung on Wednesday has obtained a permit from the California Department of Motor Vehicles to test autonomous cars on the streets of California. Samsung joins a group of other tech companies already on the list, including Apple, Uber, Nvidia and Alphabet's Waymo, as well as several automakers like Ford, BMW, Volkswagen and Tesla. CNET reports: Samsung confirmed the news, but said it doesn't plan to actually manufacture self-driving cars. "As a global leader in connectivity, memory, and sensor technology, Samsung Electronics looks forward to participating in California's Autonomous Vehicle Tester Program and joining in the pursuit of a smarter, safer transportation future," a Samsung spokesman said in a statement. "While we have no plans to enter the car-manufacturing business, we are excited to help develop and deliver the next generation of automotive innovation." The company received a permit from the South Korean government to test autonomous cars in that country in May. Last year, it bought a car tech company called Harman for $8 billion.

Uber is revamping privacy settings that it rolled out last fall to allow iOS users the ability to deny Uber the right to track your whereabouts. Similar tweaks are reportedly coming to the Android version of the app. USA Today reports: The new options for Uber app users are: Always (Uber is allowed to collect rider location information from the moment the app is opened until the trip ends), While Using The App (information flows to Uber while the app is visible on the screen) and Never (no info is transmitted but riders have to manually input their pick-up and drop-off locations). One of the old privacy features that gave many users pause was Uber's ability to track the whereabouts of riders up to 5 minutes after a ride was completed. Uber says the 5-minute feature was never activated on the iOS version of its app, and that it was disabled a few months after being initiated on the Android version. The company maintained that the feature was to enhance safety, but for many the option was too reminiscent of some of Uber's more notorious Big Brother tactics.

In 2016, Uber settled an investigation brought by New York's attorney general by agreeing to encrypt rider geo-location. The inquiry was sparked by reports that Uber executives had access to riders' locations, and that Uber displayed rider information in an aerial view known internally as "God View." Earlier this year, federal regulators began investigating an Uber practice known as "greyballing," which allowed engineers to take over an app and create a screen showing cars that did not really exist. The practice was used to steer regulators investigating Uber away from drivers, and was halted by Uber after being reported by The New York Times.

Kara Swisher, reporting for Recode: The board of Uber has voted and wants Expedia Dara Khosrowshahi to be its next CEO. But here is a shocking twist for those who have had to endure this awful, messy and convoluted process: He has not been officially offered the job as of 15 minutes ago, said sources. Still, most expect him to take it and he appears to be the one person dueling factions of the board can agree on. Unknown until now, Khosrowshahi was the third candidate -- after Hewlett Packard Enterprise CEO Meg Whitman and former General Electric CEO Jeff Immelt. Khosrowshahi is considered the "truce" choice for the board, which has been riven by ugly infighting between ousted CEO Travis Kalanick and one of its major investors, Benchmark. Benchmark had backed Whitman, while Kalanick had backed Immelt. Sources said that going into this morning, after Immelt withdrew his name from contention when it was clear he would not win the job, Whitman had the upper hand in the race for the job. But she also wanted a number of things -- including less involvement by ousted Uber CEO Travis Kalanick and more board control -- that became too problematic for the directors, said sources.

An anonymous reader shares a report: Apple is pulling apps created by Iranian developers that are specifically designed for people in Iran from its App Stores to comply with US sanctions, The New York Times reports. Apple does not sell its products in Iran and an Iranian version of the Apple App Store doesn't exist, but smuggled iPhones are popular among wealthy Iranians. Iranian developers have created thousands of apps for these users and offer them on App Stores in other countries including the US App Store. For the last few weeks, Apple has been removing Iranian food delivery and shopping apps, and on Thursday, it removed Snapp, an Uber-like ride hailing app that is popular in Iran.

An anonymous reader shares a report: In case you haven't heard the news, JavaScript and NodeJS are single handedly eating the world of software. NodeJS is an Open Source server-side JavaScript environment based on the V8 JS rendering engine found in Google Chrome. Once only thought of as a "hipster" framework, NodeJS is fastly becoming one of the most commonly used languages in building web applications and is beginning to find its way into the Enterprise. Netflix, Microsoft, PayPal, Uber, and IBM have adopted the popular "hipster" server-side JavaScript engine for use inside high traffic, high profile production projects. Java still powers the backend of Netflix, but all the stuff that the user sees comes from Node. In addition to Node, Netflix is also using ReactJS in their stack. PayPal too is moving away from Java and onto JavaScript and NodeJS for use in their web application platform. Uber has built its massive driver / rider matching system on Node.js Distributed Web Architecture. IBM has also embraced NodeJS as well. Even Microsoft has embraced NodeJS, offering direct integrations into their Azure Platform, releasing a wealth of tutorials targeted at Node and they have even announced plans to fork the project and build their own version of Node powered by their Edge Javascript engine instead of Chrome's V8.

An anonymous reader quotes a report from Gizmodo: Benchmark Capital, one of Uber's largest investors, is trying to explain its legal feud with former CEO Travis Kalanick to the ride-sharing company's employees. Benchmark sued Kalanick for fraud last week, adding another controversy to the company's already disastrous summer. In an open letter to Uber employees, Benchmark slammed Kalanick's leadership of the company and said that he was purposely hindering the board's search for a replacement CEO. The firm also criticized Uber's slow response to the report compiled by Eric Holder and Tammy Albarran on harassment within Uber, and the stagnant search for a chief financial officer that has dragged on for more than two years.

"It has appeared at times as if the search was being manipulated to deter candidates and create a power vacuum in which Travis could return," the unsigned letter reads. "It's easy to reduce this situation to a battle of personalities. But this isn't about Benchmark versus Travis. It's about ensuring that Uber can reach its full potential as a company. And that will only happen if we get rid of the roadblocks and distractions that have plagued Uber, and its board, for far too long," Benchmark wrote in its letter. "Failing to act would have meant endorsing behavior that was utterly unacceptable in any company, let alone a company of Uber's size and importance." Kalanick has responded to Benchmark through a spokesperson via The New York Times: "Like many shareholders, I am disappointed and baffled by Benchmark's hostile actions, which clearly are not in the best interests of Uber and its employees on whose behalf they claim to be acting. Since 2009, building Uber into a great company has been my passion and obsession. I continue to work tirelessly with the board to identify and hire the best CEO to guide Uber into its next phase of growth and ensure its continued success."

A new study from the University of Michigan Transportation Research Institute has shed light on what may turn out to be a growing trend: lower car ownership in cities where ride-sharing services are available. SlashGear reports: While Uber and Lyft have both deployed in a number of cities, they have, at times, had to abandon those cities due to local governments driving them out for one reason or another. That's what happened in Austin, Texas, opening the door for an interesting study on personal car ownership. Did the sudden absence of these two services cause increased car usage and/or ownership, or did things remain unaffected? The result, according to the study, was a big increase in personal car usage and a statistically significant increase in car ownership. The researchers surveyed a total of 1,200 people from the Austin region, and found that 41-percent of them started using their own car more often to make up for the lack of Uber and Lyft rides. As well, a total of 9-percent of those surveyed bought their own personal car to make up for the services' absences.

Dan Primack, reporting for Axios: A group of Uber investors has asked that venture capital firm Benchmark step down from the company's board of directors, Axios has learned. It also wants Benchmark to divest enough shares so as to no longer have board appointment rights. The move comes one day after Benchmark sued former Uber CEO Travis Kalanick for fraud, in an attempt to have him removed from the board. From the letter: Mr. Kalanick's resignation, along with other concessions, on a few hours' notice and within weeks of a personal tragedy, under threat of public scandal. Even less so your escalation of this fratricidal course -- notwithstanding Mr. Kalanick's resignation -- through your recent lawsuit, which we fear will cost the company public goodwill, interfere with fundraising and impede the critical search for a new, world-class Chief Executive Officer. Benchmark has used false allegations from lawsuits like Waymo as a matter of fact and this and many actions has crossed the fiduciary line. Benchmark's investment of $27M is worth $8.4 billion today and you are suing the founder, the company and the employees who worked so hard to create such unprecedented value. We ask you to please consider the lives of these employees and allow them to continue to grow this company in peace and make it thrive. These actions do the opposite.

An anonymous reader quotes a report from Reuters: Tesla is developing a long-haul, electric semi-truck that can drive itself and move in "platoons" that automatically follow a lead vehicle, and is getting closer to testing a prototype, according to an email discussion of potential road tests between the car company and the Nevada Department of Motor Vehicles (DMV), seen by Reuters. The correspondence and meeting show that Tesla is putting self-driving technology into the electric truck it has said it plans to unveil in September, and is advancing toward real-life tests, potentially moving it forward in a highly competitive area of commercial transport also being pursued by Uber Technologies Inc [UBER.UL] and Alphabet Inc's Waymo. After announcing intentions a year ago to produce a heavy-duty electric truck, Musk tweeted in April that the semi-truck would be revealed in September, and repeated that commitment at the company's annual shareholder meeting in June, but he has never mentioned any autonomous-driving capabilities. An email exchange in May and June between Tesla and Nevada DMV representatives included an agenda for a June 16 meeting, along with the Nevada Department of Transportation, to discuss testing of two prototype trucks in Nevada, according to the exchange seen by Reuters.

Dan Primack, reporting for Axios: The battle between Benchmark Capital and Travis Kalanick just went nuclear, with the venture capital firm suing the former Uber CEO for fraud, breach of contract and breach of fiduciary duty. The complaint was filed earlier today in Delaware Chancery Court. Key graph, per the suit: "Kalanick, the former CEO of Uber, to entrench himself on Uber's Board of Directors and increase his power over Uber for his own selfish ends. Kalanick's overarching objective is to pack Uber's Board with loyal allies in an effort to insulate his prior conduct from scrutiny and clear the path for his eventual return as CEO -- all to the detriment of Uber's stockholders, employees, driver-partners, and customers." Why it matters: If Benchmark's suit is successful, Kalanick would be kicked off Uber's board of directors -- thus eliminating any faint hopes of him returning to the company in a substantial role.

tedlistens writes from a report via Fast Company: Robots are consistent, indefatigable workers, but they don't improvise well. Changes on the assembly line require painstaking reprogramming by humans, making it hard to switch up what a factory produces. Now researchers at German industrial giant Siemens say they have a solution: a factory that uses AI to orchestrate the factory of the future, by both programming factory robots and handing out assignments to the humans working alongside them. The program, called a "reasoner," figures out the steps required to make a product, such as a chair; then it divides the assignments among machines based their capabilities, like how far a robotic arm can reach or how much weight it can lift. The team has proved the technology can work on a small scale with a test system that uses just a few robots to make five types of furniture (like stools and tables), with four kinds of leg configurations, six color options, and three types of floor-protector pads, for a total of 360 possible products.

Siemens's originally gave its automated factory project the badass Teutonic moniker "UberManufacturing." They weren't thinking of the German word connoting "superior," however, but rather of the on-demand car service. Part of their vision is that automated factories can generate bids for specialty, limited-run manufacturing projects and compete for customers in an online marketplace. "You could say, 'I want to build this stool,' and whoever has machines that can do that can hand in a quote, and that was our analogy to Uber," says Florian Michahelles, who heads the research group.

According to a report by the Wall Street Journal, Uber knowingly rented recalled Honda sports utility vehicles to its drivers in Singapore, where at least one of which caught fire. USA Today reports: The paper reported Uber's Singapore office bought more than 1,000 Honda Vezel sports utility vehicles to rent to its drivers there. The cars contained a faulty electrical part that could catch on fire and Honda had recalled in Japan and elsewhere. There had been at least six reports of fires in the Vezel. In a statement Uber said that as soon as it learned of a Honda Vezel catching fire, it took swift action to fix the problem, coordinating with Singapore's Land Transport Authority as well as technical experts. However it acknowledged that it could have done more. The company said it has since introduced robust protocols and hired three dedicated experts in Singapore to ensure that it is fully responsive to safety recalls.

Researchers at the University of Warwick found Uber drivers team up in gangs to force higher prices before they pick up passengers. How do they perform such a feat? They trick the app into thinking their is a shortage of cars in order to raise surge prices. The Telegraph reports: According to the study. drivers manipulate Uber's algorithm by logging out of the app at the same time, making it think that there is a shortage of cars. Uber raises its fare prices when there is a high demand for vehicles and a short supply of drivers available. Fares are known to increase during peak times such as rush hour, during public events and late at night. Surge pricing can boost the cost of rides to multiple times the normal rate. The study said drivers have been coordinating forced surge pricing, after interviews with drivers in London and New York, and research on online forums such as Uberpeople.net. In a post on the website for drivers, seen by the researchers, one person said: "Guys, stay logged off until surge. Less supply high demand = surge." The researchers said the collusion reflects driver dissatisfaction with Uber's policies regarding them, and exposes the "ethically questionable" nature of its algorithm. It is not clear how much impact the trick has had on prices. Uber denied that the practice is widespread.

The bloom is off seed funding, the business of providing money to brand-new startups, as investors take a more measured approach to financing emerging U.S. technology companies. From a report: Seed-stage financing has been sliding for the last two years, with the number of transactions down about 40 percent since the peak in mid-2015, data show. Dollar investments in fledgling companies have also declined, although less dramatically, dropping more than 24 percent over the same period. The slowdown comes despite an explosion of interest by wealthy individuals and foreign investors looking to park money in the next big thing. And it has potentially big implications for Silicon Valley. Early-stage funding is the lifeblood of a technology ecosystem built on risk-taking. Denied critical resources in infancy, companies can't hope to scale quickly enough to unseat incumbent industries and grow into the next Uber Technologies Inc or Airbnb. "The reason why startups are disrupting companies in the 21st Century is not because they are smarter. It's because they have capital to do so," said Steve Blank, a serial entrepreneur, startup mentor and adjunct professor at Stanford University. [...] The zeal that prevailed just two years ago has faded. Seed and angel investors completed about 900 deals in the second quarter, down from roughly 1,100 deals in the second quarter of 2016 and close to 1,500 deals during that time period in 2015, according to a report released last month by Seattle-based PitchBook Inc, which supplies venture capital data. The dollar amount provided by seed and angel investors was $1.65 billion in the second quarter. That's just shy of the $1.75 billion for the same time period of 2016 and down significantly from 2015, which saw $2.19 billion invested into fledgling startups.