Nissan not changing autonomous drive tests over Uber crash

Nissan’s Easy Ride robo-vehicle is put to the test in Yokohama. (AP Photo)
Updated 24 March 2018
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Nissan not changing autonomous drive tests over Uber crash

YOKOHAMA: Nissan’s chief planning officer says the Japanese automaker does not plan to change its road tests for self-driving vehicles after the recent fatal accident of an Uber autonomous vehicle.
Some fear a setback for the technology after a pedestrian was killed Sunday night in a crash involving a self-driving Uber SUV in the US, the first death involving a full autonomous test vehicle.
Philippe Klein, Nissan’s COO, said the automaker is ensuring its tests are safe. He said specially trained drivers always keep their hands on the steering wheels of such vehicles.
Nissan has been conducting autonomous driving tests in London, Tokyo and California. The company, which has an alliance with Renault SA of France and Mitsubishi Motors Corp., is among the most aggressive among automakers on semi-autonomous-drive technology.


Microsoft soars past $800 billion in value after bumper results

Updated 3 min 48 sec ago
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Microsoft soars past $800 billion in value after bumper results

LONDON: Shares of Microsoft Corp. were set to open at a record high on Friday, after the company reported another blockbuster quarter, backed by growth in its legacy software business and Azure cloud computing services.
Shares of one of the technology world’s oldest and best-known names rose 4 percent to $108.50 in trading before the bell, potentially adding nearly $32 billion to a market capitalization that was already $802 billion at close on Thursday.
At least six brokerages raised their price targets on the company’s stock after the results.
Helped by a boom in demand for cloud-based software, Microsoft has more than doubled in value since Satya Nadella took over as chief executive in 2014 and refocused the software behemoth on newer businesses.
While Microsoft’s core productivity and business processes unit, which includes the Office 365 software suite, rose 13.1 percent to $9.67 billion, revenue for the Azure cloud service jumped 89 percent.
“Based on the results, they were able to beat on all major metrics that people were focusing on. I don’t see anything that should raise an eyebrow of concern,” said Daniel Morgan, a portfolio manager at Synovus Trust who holds 418,716 Microsoft shares.
Microsoft has been investing heavily to bolster the fast-growing cloud business and catch up with market leader Amazon.com Inc’s Amazon Web Services.
It also competes with Alphabet Inc, IBM and Alibaba.
“Our early investments in the intelligent cloud and intelligent edge are paying off, and we will continue to expand our reach in large and growing markets with differentiated innovation,” Nadella said on a conference call on Thursday.
Analysts expect the investments to pay off in the long run and provide rich dividends to shareholders, allowing Microsoft to rival Apple Inc. and Amazon in the race to be the first company worth $1 trillion.
“Our view on MSFT is unchanged: the stock is our favorite large cap name and we expect MSFT to deliver 10-20% annual stock price appreciation for the next several years,” Canaccord Genuity analyst Richard Davis wrote in a client note.
Of the 35 analysts covering the stock, 31 have a “buy” or higher rating, three are on “hold” and only one on “strong sell.”
“Microsoft has successfully come from behind to exceed Amazon’s cloud revenue, and that gap is only increasing in Microsoft’s favor,” Mark Sami, vice president at consultancy firm SPR said.
“I predict that Microsoft’s cloud market share will continue to grow and impress investors.”