son haber | açýlýþ sayfam yap | sýk kullanýlanlara ekle

Coin Comments


Here's exactly what Trump needs to tell Putin to take control of their meeting, according to a former Reagan adviser

Putin Trump

  • US President Donald Trump and Russian President Vladimir Putin will meet for their first bilateral summit on Monday afternoon in Helsinki.
  • The meeting comes days after 12 Russian intelligence officers were indicted for their alleged involvement in the hacking of the Democratic National Committee before the 2016 election.
  • As a result, a former Reagan adviser has said Trump should know exactly what he is going to say in his first moments with Putin to signal to Russia and the world that these actions "will not be tolerated."
  • Trump should keep their handshake quick, maintain a stern expression, and say that the two leaders are meeting at a dire time and these issues need to be addressed.

US President Donald Trump must be firm, not friendly, when he meets with Russian President Vladimir Putin on Monday, according to a a former Ronald Reagan adviser.

Trump and Putin will meet for their first bilateral summit in Helsinki and will hold a 90-minute one-on-one meeting without aides. The meeting comes days after the office of special counsel Robert Mueller indicted 12 Russian intelligence officers for hacking into computers during the 2016 election. 

According to former Reagan adviser and speechwriter Mark Weinberg, Trump must be incredibly careful in those first few moments to signal that Russia's actions "will not be tolerated."

"From an opening words standpoint, the president should speak first and know exactly what he is going to say," Weinberg wrote for Fox News. 

Option one, Weinberg wrote, is for Trump to tell Putin, "We meet at a serious time. I do not like what your country tried to do to ours. We have lots to discuss. Let’s get to it."

The second option is for Trump to say, "Mr. President, there were those in my country who did not want this meeting to take place. But there are some deeply disturbing issues between us that cannot be ignored."

Weinberg noted that Trump should address Putin as "Mr. President" and not the more friendly "Vladimir," despite Putin's reported claim the two are on a first-name basis. Trump should also keep the handshake short, maintain a stern expression, and most definitely not pat Putin on the back, Weinberg said.

Weinberg was involved in the planning of five meetings between Reagan and Mikhail Gorbachev, but said their team crucially overlooked the importance of those first few moments, and didn't suggest to the US president what to say or do, which gave the Soviet Union leader the upper hand.

"As usual, Reagan was good-mannered and let Gorbachev speak first, and as a result, the charismatic and media-savvy Gorbachev won the initial PR battle. Reagan eventually recovered, but only after considerable scrambling on the part of White House aides," Weinberg wrote.

Putin and Trump have met on the sidelines of conferences in the past, but this is their first dedicated summit.

SEE ALSO: Trump's Supreme Court pick has expressed doubts about investigating or prosecuting a sitting president

Join the conversation about this story »

NOW WATCH: North Korean defector: Kim Jong Un 'is a terrorist'

Maseratis, cheetahs, and private jets: How the 'Rich Kids of Instagram' are spending their summers

Friends of the Highline 6805

  • The "Rich Kids of Instagram" — now known as "Rich Kids of the Internet" (RKOI) — Instagram and blog are still going strong with addicting photo documentation of wealthy lifestyles.
  • RKOI always know how to live life to its fullest, and summertime is no different.
  • From luxury vacations to private jets, here's how they're enjoying their summer.

With five years under its belt, the "Rich Kids of Instagram" blog and Instagram — now renamed Rich Kids of the Internet — is still at it, curating photos of the lifestyles of the wealthy.

Although it's only July, those featured on the blog are already deep into their summertime celebrations — complete with private jets, luxury cars, and beach vacations.

Take a look at what the "Rich Kids" are up to during the summer so far.

Sarah Jacobs contributed to an earlier version of this post.

SEE ALSO: Snap CEO Evan Spiegel and supermodel Miranda Kerr are honeymooning on a luxurious island in Fiji

Last year, some enjoyed some R&R in Malaysia...

Instagram Embed:
Width: 658px

...while others swung high above the jungle.

Instagram Embed:
Width: 658px

And @balenciaganeoprene posed with a leashed cheetah in Dubai.

Instagram Embed:
Width: 658px

See the rest of the story at Business Insider

Elon Musk called a British diver from the Thai cave rescue a 'pedo guy' — then deleted the tweets hours later with no explanation

elon musk

  • Elon Musk called British diver Vernon Unsworth a "pedo guy" in a thread of Twitter attacks on Sunday.
  • Earlier, Unsworth, who helped rescue 12 boys and their soccer coach from a Thai cave, criticized Musk for creating a "PR stunt."
  • Musk deleted his tweets without explanation later Sunday evening.

Elon Musk called a diver who helped in the Thai cave rescue a "pedo guy" in a lengthy, baseless Twitter thread on Sunday that he later deleted.

elon musk pedo tweet

Musk was responding to criticism from British caver Vernon Unsworth, who told CNN that Musk "can stick his submarine where it hurts."

Unsworth, who lives in Thailand and has spent years exploring the Tham Luang cave system where the boys were trapped, was a key player in the dramatic rescue of the 12 boys and their soccer coach.

Musk created a "kid-size submarine" and went to Thailand to assist in the rescue, but authorities ended up not needing his device.

Unsworth called Musk's creation a "PR stunt" and said the submarine would have failed to make it 50 meters into the cave.

"It just had absolutely no chance of working. He had no conception of what the cave passage was like," Unsworth said.

In his first tweet of the thread, Musk said he didn't meet Unsworth and that he "never saw this British expat guy who lives in Thailand."

In the same tweet, Musk also responded to Unsworth's claim that the Tesla CEO was asked to leave the cave and his help was not appreciated by officials leading the rescue mission. "Thai navy seals escorted us in — total opposite of wanting us to leave," Musk wrote.

elon musk pedo tweets

Believing the sub he built would have been able to get the trapped children out of the cage, Musk wrote, "I challenge this dude to show final rescue video."

In his next tweet six minutes later, Musk replied, "don't bother showing the video" and promised to send his sub to the spot where the soccer team was trapped.

"I was *asked* to help repeatedly," Musk continued in another tweet. "Declined several times, as I thought they had it in hand & only agreed to help when Thai SEAL died (deep cave pumps not operating at time). We designed the mini-sub to Stanton’s specifications *and* brought a flexible rescue pod just in case."

Musk was widely mocked on social media after the boys were rescued without the use of his submarine. He hit back at his critics this week, saying the dive team had instructed him to keep working on the submarine.


In other replies to critics on Twitter Sunday morning, Musk said, "Stay tuned jack--- …" and "Bet ya a signed dollar it’s true" to someone expressing skepticism that Unsworth could be a pedophile.

Musk deleted his tweet thread around 8:30 p.m. Sunday evening, but not before they had been captured in screenshots.

The tweets came just two days after a Bloomberg interview where Musk said he was trying to stop attacking people on Twitter.

SEE ALSO: Just what was the point of Elon Musk's 'non-practical' submarine rescue effort in Thailand?

DON'T MISS: A British caver who helped in the Thai cave rescue said Elon Musk 'can stick his submarine where it hurts'

Join the conversation about this story »

NOW WATCH: What people get wrong about superfoods

This $18.5 million 'secret' hilltop estate in San Francisco has an elevator and sweeping 360-degree views of the city — take a look inside

san francisco 18.5 million secret hilltop estate 27

Perched atop a hill in San Francisco's upscale Nob Hill neighborhood lies a hidden estate — listed for sale at a cool $18.5 million, pricey even by the city's ridiculously high standards.

The brown-shingled home sits on a 0.27-acre lot and boasts three stories, five bedrooms, an elevator, a wine cellar and multiple outdoor decks for viewing the sweeping sights of the cityscape.

But despite its many luxe amenities, the historic home's rich history and character is its most standout quality.

Take a look inside.

SEE ALSO: Silicon Valley's housing crisis is so dire that this 897-square-foot Palo Alto home is selling for $2.59 million — take a look inside

Though the house sits on a hilltop, it's easily obscured by tall, dense shrubbery. Make your way through the trees to find the historic Boggs-Shenson house, listed for sale at $18.5 million.

Named after the home's two previous owners, the Boggs family and the Shensons, the present-day historic home was not the first structure on the lot.

San Francisco residents Angus and Mae Boggs purchased the lot and its original structure in the March of 1906, one month before the infamous earthquake and subsequent fire ravaged the city. The Boggs had barely moved in when the original structure was destroyed.

Months later, the Boggs built the existing Boggs-Shenson house on the lot. Realtor Dale Boutiette told Business Insider that by 1914, almost a decade later, the Boggs wanted better views from their home. So they had it rotated 90 degrees and placed on a new foundation.

In the 1940s, Mae Boggs sold the home to brothers Ben and Jess Shenson, both doctors. Mae befriended the Shensons after they bought the house — they became her personal physicians and hosted her 100th birthday party in the home in 1963.

The house is one of the last single-family residences in Nob Hill. It's lined with dark wood panels, matching the railings on the multiple decks and the pergola on top.

Both brothers have since passed away, leaving the legacy of this home behind them.


See the rest of the story at Business Insider

10 survival myths that might get you killed

survival 8

With months of good weather ahead, it's an excellent time to set out on an adventure. But if you run into trouble, you'll want to make sure you know what to do.

Sure, you have to look out for ticks and mosquitoes, but there's something about the idea of being able to survive in the wilderness that's thrilling. We glorify it with TV shows like "Survivor" and "Man vs. Wild."

But survival in the harsh conditions of nature is no simple affair, and most lessons can't be learned from television. In fact, some of the "survival advice" that we've picked up over the years is wrong, often dangerously so.

Here are some myths you don't want to rely on if a short jaunt outdoors turns disastrous.

SEE ALSO: A step-by-step guide to avoiding ticks, mosquitoes, and other pests this summer

Myth: You can suck the venom out of a snakebite.

Fact: If a bite delivers venom, it’ll immediately enter the bloodstream. Putting your mouth on the bite will deliver extra bacteria to the wound and may simply get venom into your mouth and esophagus. If someone gets bitten, try to keep the person's heart rate low and hold the affected limb below heart level while getting to a hospital.

Myth: Always play dead when you are attacked by a bear.

Fact: If you are out in the woods and you see a bear, the general advice is to quietly back away. If it's in your yard or around your campsite, make yourself large and loud, which hopefully will scare it off.

But in the case of an actual attack, your reaction strategy should depend on the bear and on the type of attack. Never play dead if a black bear attacks — always fight back.

In most cases, a brown or grizzly bear attacks to defend itself or its cubs. At these times it will warn you off by making noise and pretending to charge. Back away from a defensive attack slowly. If the bear makes contact, play dead lying on your stomach with your hands over your neck. But in the rare case of a predatory attack, which comes with no warning (or if the bear seems to be stalking you), fight for your life.

Myth: You need to find a food supply immediately if you are lost in the wilderness.

Fact: Not even close. You can survive up to six weeks without food. The exact amount of time might vary, depending on starting point and other health issues, but water and shelter from the elements are far more important.

See the rest of the story at Business Insider

19-year-old soccer star Kylian Mbappé just helped win France the World Cup — here's what you need to know about him

Kylian Mbappe Macron kiss

  • 19-year-old Kylian Mbappé became only the second teenager in history to score in a World Cup final on Sunday as he helped France beat Croatia 4-2.
  • Mbappé has been groomed for soccer greatness since he was a child, coming from a family of athletes in the Paris suburbs.
  • Brazil legend Pelé acknowledged Mbappé's historic feat on Sunday.

Kylian Mbappé helped France clinch its second-ever World Cup title on Sunday, scoring the fourth goal for France in its 4-2 win over Croatia.

It was one of four goals the young star scored in the 2018 World Cup for France. Mbappé also led Les Bleus to their early victory over Peru, 1-0, and scored twice against Argentina in the quarterfinals.

Some are just getting to know the teenager, but the truth is 19-year-old Mbappé has already had quite an impressive career, starting when he was a babe.

Growing up in the northern Parisian suburb of Bondy, Mbappé practically lived at the local soccer club, where soccer pros asserted he was a star from day one. 

"He was here as a baby when his father was a player and a coach," AS Bondy President Atmane Airouche told the BBC. "He was always here and learning about football, even as a toddler."

Mbappé's dad Wilfried, originally from Cameroon, is a soccer coach who started working with Mbappé when he was just a tot. His mother, Algerian-born Fayza Lamari, was also an impressive athlete, playing Division 1 handball in Bondy in the late 1990s and early 2000s. 

Mbappé's own generation is no exception to the sporty family tradition. His adopted older brother, Jirès Kembo, plays professionally for Turkey, and his little brother Ethan, seven years younger than Kylian, is a member of Paris Saint-Germain's under-12 team.

A teenage dream

Former coach Antonio Riccardi said Mbappé was already leaps and bounds above the other kids when he started working with him at age six: "Kylian could do much more than the other children," Riccardi told the BBC. "His dribbling was already fantastic and he was much faster than the others."

Kylian Mbappe

By age 12, Mbappé was training at France's premiere Clairefontaine football center. At 14, he was playing with Monaco's professional club, even before completing his high school diploma at age 17. 

From Monaco, Mbappé moved to the Paris Saint-Germain club this summer, becoming the most expensive teenager the soccer world has ever seen. It cost the team a whopping 180 million euros (more than $210 million USD), bonuses not included, to seal the deal with Mbappé, according to ESPN.

Mbappé made history on Sunday, becoming just one of two teenage players ever to score in a World Cup final. The other, Brazilian legend Pelé, played in the 1958 final at age 17. He took Sunday's news in stride, writing on Twitter that "If Kylian keeps equalling my records like this, I may have to dust my boots off again..."

The young star is part of a new crop of players on the French national team this year. And he is not the only one of them who hails from the Parisian suburbs. The gritty, concrete blocks of the northern "banlieue" made headlines as scenes of angry riots in 2005, and the largely minority, working-class neighborhoods are still known as pockets around the city where unemployment and violence can remain high. Residents argue that life in the suburbs is still not equal.

But at least eight of the 23 players on the French World Cup team were born and raised in the banlieue, according to a recent count by The New York Times. 

Around Paris, kids proudly wear Mbappé jerseys, and odes to him are emblazoned in ads on the Stade de France: 

After he won on Sunday, Mbappé said this is only the beginning.

"I want to do even better things," he told reporters, in French. "But being world champion is a good start." 

Kylian Mbappe world cup win

SEE ALSO: Fitness experts agree that sit-ups are worthless — here are 9 moves they recommend instead

Join the conversation about this story »

NOW WATCH: Here's why the US Men's team sucks at soccer

How countries around the world are embracing digital disruption in financial services

quarterly global fintech fundingThis is a preview of a research report from Business Insider Intelligence, Business Insider's premium research service. To learn more about Business Insider Intelligence, click here.

Fintech hubs — cities where startups, talent, and funding congregate — are proliferating globally in tandem with ongoing disruption in financial services. 

These hubs are all vying to become established fintech centers in their own right, and want to contribute to the broader financial services ecosystem of the future. Their success depends on a variety of factors, including access to funding and talent, as well as the approach of relevant regulators.

This report compiles various fintech snapshots, which together highlight the global spread of fintech, and show where governments and regulatory bodies are shaping the development of national fintech industries. Each provides an overview of the fintech industry in a particular country or state in Asia or Europe, and details what is contributing to, or hindering its further development. We also include notable fintechs in each geography, and discuss what the opportunities or challenges are for that particular domestic industry.

Here are some of the key takeaways:

  • Most countries in Europe have made some formal attempt to foster the development of domestic fintech industries, with Germany and Ireland seeing the best results so far. France, meanwhile, got off to a slow start, but that's starting to change. 
  • The Asian fintech scene took off later than in the US or Europe, but it's seen rapid growth lately, particularly in India, China, and Singapore.
  • The increasing importance of technology-enabled products and services within the financial services ecosystem means the global fintech industry isn't going anywhere. 
  • Fintech hubs will continue to proliferate, with leaders emerging in each region.
  • The future fintech landscape will be molded by regulatory bodies — national and international — as they seek to mitigate the risks, and leverage the opportunities, presented by fintech. 

 In full, the report:

  • Explores the fintech industry in six countries or states, and identifies individual fintech hubs.
  • Highlights successful fintechs in each region.
  • Outlines the challenges and opportunities each country or state faces. 
  • Gives insight into the future of the global fintech industry. 

Subscribe to an All-Access pass to Business Insider Intelligence and gain immediate access to:

This report and more than 250 other expertly researched reports
Access to all future reports and daily newsletters
Forecasts of new and emerging technologies in your industry
And more!
Learn More

Purchase & download the full report from our research store


Join the conversation about this story »

'Firing on all cylinders': The CEO of JPMorgan's giant investment bank lauds performance in memo to staff (C)

Jamie Dimon

  • JPMorgan on Friday announced record first-half revenue for equities trading and advisory fees.
  • Daniel Pinto, head of the corporate and investment bank, lauded the results in a memo to staff this morning.

It's amazing what can be done when multiple businesses work together. 

That was the message from Daniel Pinto, chief of JPMorgan's corporate and investment bank, today in a memo he sent to staff. Earnings results for the second quarter, announced on Friday, delivered first-half revenue records for advisory fees and equity trading, as well as year-over-year increases in other units. 

"Our second quarter and first half results show how impressive the CIB's global franchise can be when it's firing on all cylinders," Pinto said.

The bank reaped $4 billion from trading stocks and derivatives, and another $1.2 billion from advising on mergers and acquisitions, through the first six months of this year. Those were increases of 25% and 20%, respectively. Fixed-income markets delivered another $8 billion in revenue. 

Marianne Lake, the firm's chief financial officer who spoke on a conference call with journalists, said there's even more gains to come as the global economy hums along and industry revenue continues to grow.  

JPMorgan posted earnings per share of $2.29 earlier today, exceeding the $2.22 expectation of Wall Street analysts. Net income rose 18 percent to $8.32 billion on companywide revenue of $27.8 billion.

Join the conversation about this story »

NOW WATCH: The man that won the Nobel Prize in economics for contract theory shares his thoughts on smart contracts

Brilliant Mbappé, insane Varane, and a Floyd Mayweather spirit — This is everything you need to know about how France won the 2018 World Cup

France wins the 2018 World Cup

France has done it. After a remarkable victory over Croatia, France is the 2018 FIFA World Cup champion.

The French were tasked with knocking out a gauntlet run of soccer giants over the last couple of weeks but Les Bleus dug deep and ground out victories over Argentina, Uruguay, and Belgium, to set-up a grande finale against Croatia on Sunday, July 15 —winning by a 4-2 score.

So how did the French do it?

France began its campaign with a drab 2-1 victory over Australia on June 16 and played like a Bugatti in second gear, winning street races without having to break the speed limit. There were times when France was like former five-weight world boxing champion Floyd Mayweather, who always knew how much to give to win, but never gave more, even though he could. And there were times when France was like LeBron James, posting highlight-reel triple doubles and making it look easy.

Very few attacking players announced themselves in France's first game one month ago, and the country was aching for a new hero to come-of-age. But when one did, bang — Kylian Mbappé, a player hailed as the new Pelé, the former three-time World Cup winner with Brazil, had arrived. And boy, was he worth waiting for.

Read on to relive all of the key moments in France's incredible 2018 World Cup win.

SEE ALSO: The World Cup’s most incredible player has issued a come-and-get-me plea as he wants to replace Cristiano Ronaldo at Real Madrid

DON'T MISS: The World Cup trophy has its own customised, exclusive Louis Vuitton case and is protected by 2 guards

UP NEXT: Croatia is mercilessly trolling England and English soccer after knocking them out of the World Cup in heartbreaking fashion

This is France — the national soccer team crowned FIFA World Cup champions on Sunday, after a thrilling four-week competition that contained so much drama it has been touted as one of the best international tournaments of all time.

France began its 2018 World Cup campaign with a drab 2-1 victory over Australia on June 16. While it got the win, it did so without getting out of second gear. Like a Bugatti that beats a Holden Commodore in a street race without breaking the speed limit, France cruised to victory with no breakout performances from any of its big-name attacking talents. N'Golo Kanté performed well in the middle of the park, Raphaël Varane kept things tight in defence, and Hugo Lloris proved to be a safe pair of hands between the posts. It was a solid enough win, sure — but fans wanted more.

France then picked up a 1-0 win over Peru on June 21 and qualified for the knockout stages of the competition after just two Group C matches. Mbappé started to show precisely what he was capable of with lightning-quick runs, flicks and tricks out wide on the right, and the game's only goal. But it was once again Kanté who was head and shoulders above the competition as he commanded the entirety of the pitch.

See the rest of the story at Business Insider

We asked 30 young healthcare technology leaders one of Jeff Bezos' favorite questions and they all had the same answer

Heath tech leaders under 40 thumb 4x3

  • We spoke to 30 leaders under 40 who are using technology to contribute to the future of healthcare. 
  • While discussing all the ways healthcare might change, we asked them what they think will stay the same over the next 10 years. 
  • For the most part, the leaders all said they expected humans to remain an important part of healthcare even as the use of technology becomes more prevalent. 

Business Insider recently profiled 30 health-tech leaders under 40 who are trying to upend the healthcare system, from eliminating the hassle of going to a pharmacy to making healthcare easier to use and more affordable. 

But amid discussion about all that's going to change, we asked them to take a step back and think about what’s actually going to stay the same over the next decade. It's a question Amazon CEO Jeff Bezos has said he likes to ask himself when thinking about the future of the e-commerce giant. 

The health-tech leaders we spoke with all agreed that the healthcare system as we know it isn't likely to go away entirely.

"All of us in some aspect of our lives are going to be patients and in some way may need to interact with the healthcare system," Dr. Veena Jones, a pediatric hospitalist at Sutter Health's Palo Alto Medical Foundation and medical director, told Business Insider. 

That is, people will always need care and medication. And a fair amount of healthcare, the leaders said, will still involve humans. At the same time, healthcare frustrations such as high costs aren't likely to go anywhere. 

Humans in healthcare

While technology is making healthcare cheaper and easier to use — from Alexa-like assistants for doctors to software that can warn doctors which patients are more likely to fall— health-tech leaders were adamant that the human element will continue to be integral to healthcare.

"Humans in healthcare should stay the same," Capsule co-founder and CEO Eric Kinariwala, said. "Humans are human, and having another human to interact with and explain what's going on and to help you navigate the complexities of the healthcare system when you're at your most vulnerable should stay the same. It's making that part even stronger."

When patients go to the hospital, that means they'll still see doctors and nurses. The difference might just be that those hospital-workers might be more empowered through technology. 

"Doctors and nurses are going to continue to be an important part, and technology is only going to enhance," Tanvi Abbhi, co-founder of Veta Health, said. 

But the fear of artificial intelligence putting doctors out of work, they said, is overblown. 

"I think a lot of people are scared that physicians are going to be replaced by AI and by robots. I don't believe in that," Spring Health cofounder and CEO April Koh said. "I fundamentally believe that in the next 10 years, there will be specialists and clinicians doing their jobs very well. What is going to change dramatically is the amount of data that the clinicians use to make decisions."

Healthcare, the leaders said, is all about relationships between patients and the doctors and nurses who care for them. 

"At the core of everything in healthcare is humanity," Dr. Alexi Nazem, the cofounder and CEO of Nomad Health, said. "There is a patient, a real person who is suffering and they need help, and there are other people who want to help them — doctors, nurses, [physician assistants]."

But that relationship‚ influenced by technology, might change. 

"I think it’s going to change in the way it’s expressed," said Grant Verstandig, the chief digital officer of UnitedHealth. "But the value, the power, and the transformative effect of relationship is a core tenet."

Healthcare's biggest frustrations aren't going anywhere

At the same time, many healthcare leaders had their doubts that the cloud that hangs over the US healthcare system — the issue of high spending — will dissipate over the next 10 years. 

"The cost of care is going to continue to rise," Marta Bralic, vice president of business development at Flatiron Health, said. 

Other entrenched aspects of the healthcare system — such as the role of health insurers — won't be changing any time soon either, Michael Rea, founder and CEO of Rx Savings Solutions, said. "I don't think consumers can underwrite the risk associated with a catastrophic event," he said. 

So too with frustrations around the way healthcare information is shared. 

"I think it’s going to be really hard to change some of the back-end bureaucratic systems. I don’t see for instance a lot of the processes in the IT infrastructure changing," said Cornell engineering professor Andrea Ippolito, who spent time in her career working with Department of Veteran Affairs electronic medical record system. "What I do see changing is how we use the data changing to redesign to be more patient centric more doctor."

To be sure, the US healthcare system is a $3 trillion behemoth that's historically been slow to change. Concepts that have been much-discussed for a while, such as value-based care in which care is paid for based on patient outcomes, have taken a lot longer to materialize than expected. Even so, Manik Bhat, the CEO and founder of Healthify, said he expects it to stick around. 

"I think something that will stay the same is this trend towards value-based care. I think it's much slower than people expected, but I think it's here to stay," he said. 

SEE ALSO: Meet the 30 healthcare leaders under 40 who are using technology to shape the future of medicine

Join the conversation about this story »

NOW WATCH: This impact investor says stop trying to help people without including them in the conversation

35 Big tech predictions for 2018

35 big tech predictions for 2018Technology is increasingly disrupting every part of our daily lives.

Smart speakers and voice assistants let us interact with our homes and with retailers in new and seamless ways.

Smartphones are taking over as the dominant shopping device.

Viewers continue to move away from traditional TV toward digital platforms.

And the list is growing.

Nearly every industry has been disrupted by digital technologies over the past 10 years. And in 2018, we expect to see more transformative developments affect our businesses, careers, and lives.

Business Insider Intelligence, Business Insider's premium research service, has put together a list of 35 Big Tech Predictions for 2018 across Apps and Platforms, Digital Media, Payments, Internet of Things, E-Commerce, Fintech, and Transportation & Logistics. Some of these major predictions include:

  • Cryptocurrencies will become more widely accepted
  • Google and Apple will challenge Amazon in the smart speaker space
  • The resurgence of the VR market
  • The real self-driving car race will begin
  • Drone regulations will relax
  • Alibaba’s international expansion
  • Gen Z will become a major focal point for media companies and advertisers
  • Payment security will become paramount
  • Smart home devices will take off

This comprehensive list of 35 predictions can be yours for free today. As an added bonus, you will gain immediate access to our exclusive free newsletter, Business Insider Intelligence Daily.

To get your copy of this FREE report, simply click here.

Join the conversation about this story »

176 riders started the Tour de France, but only these 6 have a shot at winning

Tour de France favorites 2018

BREST, France — On July 7, 176 of the world's best cyclists started this 105th edition of the Tour de France. Six still have a realistic shot at winning.

That's according to Jonathan Vaughters, boss of the American EF Education First–Drapac p/b Cannondale team.

"Fewer than 10 guys can win, for sure, but probably that number is three or four, realistically," Vaughters told Business Insider on Wednesday. But why?

"Cycling teams are built like an American football team or baseball team. We have different positions for different riders. There are very few riders who can, day by day, take the position of gaining time or not losing time. That's sort of your key guy, who for us is Rigoberto Urán and for Sky is Chris Froome.

"But the other guys on the team, they don't have the capacity to do that, which has been proved over years of their racing career. Yet they do have the capacity to fill a lot of other very valuable roles in helping Rigo get to the finish line. So it's Taylor Phinney or Tom Scully, these big strong guys who are way too heavy to go well in the high mountains but are actually a little stronger than Rigo on the flat stages. So their job is, basically, to drag him around and make sure that he doesn't lose any time relative to the others. It's just different positions for different riders.

"It's like, a linebacker isn't going to throw a perfect quarterback pass, and a quarterback isn't going to be able to snap the ball perfectly under pressure. It's the same thing in cycling."

There are more contenders this year, Vaughters added.

"I don't really know why," he said. "You have some years where guys get sick or injured. Or a lot of guys decide to do the Vuelta or Giro instead. This year a lot of guys stayed healthy, and a lot of guys want to do the Tour de France."

Here are the riders who can realistically hope to win this Tour, according to Vaughters:

DON'T MISS: What it's like to ride a $13,000 Tour de France road bike

SEE ALSO: Inside SRAM, Chicago's high-tech bicycle-components company that last year raked in $700 million and is up 15%

Vincenzo Nibali, Team Bahrain-Merida

Nationality: Italian

Age: 33

Major results: Winner of the Tour de France, the Tour of Italy, the Tour of Spain, the Tour of Lombardy, and Milan-San Remo.

Chris Froome, Team Sky

Nationality: Kenyan-born Briton

Age: 33

Major results: Four-time winner of the Tour de France; winner of the Tour of Italy; winner of the Tour of Spain; three-time winner of the Critérium du Dauphiné.

Romain Bardet, AG2R La Mondiale

Nationality: French

Age: 27

Major results: Three-time stage winner of the Tour de France; second and third overall in two Tours de France; third at Liège-Bastogne-Liège.

See the rest of the story at Business Insider

How various industries are taking advantage of drones to increase efficiency and cut costs

Drones — also commonly referred to as unmanned aircraft — are no longer a cool, new novelty that companies in only a handful of industries are testing.

Businesses across various industries and levels of government in the US are utilizing at least a handful of drones. But more importantly, drone users are now realizing a deep return on their investments from the aircraft's ability to help save hours of time and labor.

Farmers' Plans for Drones in 2018

However, to successfully get a drone program up and running, businesses need to have an idea of what they want the aircraft to do, and the value they hope to create. To that end, companies need to know what their competitors are doing with the aircraft so they can plan their own projects accordingly.

In this report, Business Insider Intelligence details how unmanned aircraft are disrupting a slew of different industries, including agriculture, construction and mining, insurance, media and telecommunications, and the public sector. We also size the market for global enterprise drone shipments, and pinpoint the features that make drones useful tools within different industries. Lastly, we make predictions for how drone use in these industries will evolve over the next five to 10 years and to what extent their impact will be magnified over this period.

Here are some of the key takeaways:

  • Since the Federal Aviation Administration (FAA) implemented its Part 107 regulations for unmanned aircraft in August 2016, the commercial drone industry in the US has taken off. 
  • Companies across the US have rushed to deploy drones to cut costs, boost operational efficiency, and open up new streams of revenue. Meanwhile, firms elsewhere in the world have taken notice and ramped up their own drone projects.
  • Unmanned aircraft have the potential to create the greatest business value in the construction, mining, and agriculture industries. The agriculture industry was a relatively early adopter of drones, and today one-third of farmers in the US plan to use at least one drone this year. Meanwhile, drones will have a less significant, yet noticeable, impact on media, telecommunications, and insurance businesses.
  • Drones will lead these industries to become highly data-driven in the coming years, making the aircraft a must-have for companies to keep pace with their competitors. They will allow businesses to synthesize and analyze trends in their workflows to bolster their operational efficiency and predict problems before they happen.

In full, the report:

  • Analyzes the development of drone use across five different industries.
  • Offers a look at how drone use in these industries will evolve over the coming years.
  • Sizes the market for enterprise drone shipments over a seven-year period, both in the US and abroad.

Subscribe to an All-Access pass to Business Insider Intelligence and gain immediate access to:

This report and more than 250 other expertly researched reports
Access to all future reports and daily newsletters
Forecasts of new and emerging technologies in your industry
And more!
Learn More

Purchase & download the full report from our research store

Join the conversation about this story »

Trump's meeting with Putin, the Russian indictments, and the trade war with China: Here are the highlights that matter from the Sunday shows

sunday show collage

President Donald Trump's one-on-one meeting with Russian President Vladimir Putin that's set for Monday dominated discussion on this week's Sunday political shows.

The summit comes on the heels of special counsel Robert Mueller's indictment of 12 Russian intelligence officials for interfering in the 2016 US presidential election.

Here are the highlights:

SEE ALSO: Trump congratulates Putin on hosting the World Cup: 'one of the best ever!'

SEE ALSO: The White House reportedly canceled John Bolton's interview with CNN after Trump attacked the network during a press conference

President Donald Trump calls the EU, China, and Russia 'foes' of the US

President Donald Trump called the European Union, China, and Russia "foes" of the United States in an interview that aired Sunday.

When "CBS Evening News" anchor Jeff Glor asked Trump who is his "biggest foe globally right now", Trump named the European Union, members of which are some of America's oldest and closest global allies, nearly a week after taking aim at NATO on Twitter before a tense summit. 

Trump continued to also call China and Russia foes within a few days of retaliatory tariffs being introduced by Chinese leaders and indictments in the special counsel's investigation of Russian interference into the 2016 US presidential elections.

Read more: Business Insider

Bolton says Mueller's indictment of 12 Russian intelligence officers 'strengthens' Trump's hand in his meeting with Putin

Trump's top national security adviser said recent indictments in the special counsel's investigation of Russian interference into the 2016 US presidential elections "strengthens" Trump's position in his meeting with Russian President Vladimir Putin.

"[Trump] was perfectly prepared to have [the indictment] come before the meeting with Putin," John Bolton said Sunday on ABC's "This Week". "I would say, in fact, it strengthens his hand."

Bolton continued: "It shows that the justice system, the Department of Justice, are aware of these Russian efforts in election meddling, and I think the president can put this on the table and say, 'This is a serious matter that we need to talk about.'"

When asked on CBS if he would ask Putin to extradite indicted Russians to the US, Trump said he "hadn't thought of that" but might.

Trump also said he had "low expectations" the highly anticipated Putin meeting.

Sen. Warner doubles down on yesterday's letter from Senate Dems calling for other Americans to be in the room at the Trump, Putin meeting

Sen. Mark Warner of Virginia echoed the concerns of a letter top Senate Democrats sent Trump Saturday that urged him not to meet one-on-one with Russian President Vladimir Putin at a planned summit in Helsinki, Finland on Monday.

"Frankly, one of the things I'm most worried about is we need to have other Americans in the room," Warner told CNN's Jake Tapper. "Vladimir Putin is a trained KGB agent, he may come in with maps of Syria, maps of Ukraine. Frankly, I think he'll take advantage of this president whom we know doesn't do much prep work before these meetings."

Seven other Democrats signed the letter, which was a more specific plea among calls from lawmakers on both sides of the aisle for Trump to cancel the meeting.

Read more: Business Insider, CNN

See the rest of the story at Business Insider

Nuclear weapons are as confusing as they are deadly — here are 16 terms you keep hearing and what they actually mean

hwasong nuclear ballistic missile icbm test launch north korea kcna

Nuclear weapons are humankind's most fearsome creations.

In a matter of minutes, one nuclear-armed nation can level dozens of cities, spread radioactive fallout for hundreds or thousands of miles, and wreck Earth's climate.

Most people are familiar with the basics: Slap together enough uranium or plutonium and — kaboom! — you have a nuclear blast. But the details of how these complex devices are made, delivered, and controlled can make the difference between keeping the peace and sparking a cataclysm.

It doesn't help that there's more than 60 years' worth of convoluted terminology surrounding the complex policies and politics of nuclear weapons. There are words like isotopes, fission, tritium, and yellowcake; abbreviations such as HEU, LEU, SSBN, and CVID; and the subtle yet striking difference between uranium-235 and uranium-238.

As President Donald Trump and his administration try to continue talks with North Korea over its nuclear weapons program — an effort could take years to pan out and is guaranteed to get very, very complicated — we've defined some of the most important (and misunderstood) words, phrases, and acronyms here.

SEE ALSO: A nuclear explosion in the US is a real possibility. Here are the scripts government officials might use if it ever happens.

DON'T MISS: Your retirement account probably funds nuclear weapons — here are the top 20 biggest companies and investors

Nuclear weapon

A conventional explosive device rapidly burns up a chemical to cause a blast. A nuclear weapon, meanwhile — such as a bomb or warhead — splits atoms to release millions of times more energy than chemical reactions.

Yet the term "nuclear weapon" can also refer to a vehicle that's able to deliver a nuclear attack, such as missiles, fighter jets, stealth bombers, and truck-like mobile launchers. (If flying dinosaurs were alive today and trained to drop nuclear bombs, the creatures may be considered nuclear weapons.)

During weapons inspections like the ones between the US and Russia, nuclear warheads are actually concealed with a piece of cloth; it's the vehicles, missiles, and launch or bombing bays that are the focus. Without them, a warhead can't get anywhere quickly.

Intercontinental ballistic missile (ICBM)

An ICBM is a space rocket that can launch a destructive device on top and carry it from one nation to another in a high arc.

Technically speaking, an ICBM is any missile capable of delivering one or more warheads from more than 3,415 miles away. The missile silos in the US in which they're stored are sprinkled around the country, with most stationed in middle America.

As of 2018, the US has about 400 ICBMs with warheads and 400 more missile-ready warheads in storage, while Russia has 318 ready-to-launch ICBMs and 1,138 total missile warheads (some missiles carry more than one).


Fallout describes the dangerous leftovers of a nuclear weapon: a cloud of dust, dirt, sand, pebbles, and bits of debris that an explosion has irradiated.

Bombs or warheads detonated near the ground vastly increase the amount of fallout by sucking up soil and debris, irradiating it, and spreading it for dozens if not hundreds of miles. Very fine particles can circle the globe and be detected by special airplanes.

See the rest of the story at Business Insider

UBS analyzed the emotion in 118,000 earnings calls — and the results suggest great news for stocks this earnings season (UBS)

Juan Luis Perez UBS

  • UBS analyzed seven years' worth of earnings calls — totaling more than 300 million words — from S&P 500 companies.
  • That sentiment analysis points to yet another breakout quarter with earnings, the bank predicts, with companies set to beat expectations by 3% or more.
  • UBS' "Evidence Lab" has also undertaken large projects like satellite imagery and dismantling cars as it tries to position itself for the next era of Wall Street research.

It’s no secret that an upbeat earnings call most likely means good things to come for a company's stock.

So UBS set out to analyze the conference call from every S&P 500 company in the US and Europe from every quarter for the past seven years to see just how often this is true. The resulting data set of 367 million words from 118,000 calls signals yet another earnings blowout this season, the bank said after analyzing the emotions behind executives' language in the calls.

"The positive momentum in net sentiment, an 8%+ Q1 earnings surprise and a solid macro backdrop reinforce our US Equity Strategy expectation for a Q2 beat of 3%+ in the US," a team of analysts led by James Arnold said in a note to clients this week. "Furthermore, the trend also reinforces the optimism seen in terms of corporate spending and increased corporate flow through share buybacks, dividends and M&A."

7 11 18 sentiment COTD

Most of a stock's outperformance comes in the first week after the company's earnings call, UBS says, with tech stocks responding the most to changes in executive sentiment. Media, on the other hand, is showing the harbingers of a disappointing earnings season.

Most important to a stock's move is the change in sentiment, rather than just the general optimism or pessimism, UBS found. A stark change in how management discusses a company's financial situation can signal similar changes in the stock’s price, according to the firm's data.

"Our analysis suggests relative performance is greatest when net sentiment sees a significant inflection," UBS said. "On average, the companies with largest positive changes in net sentiment saw an average 1-week outperformance of 0.6% in the US and 0.8% (34% and 56%, respectively, on an annualized basis), in Europe relative to instances with the smallest net sentiment changes (after dividing the changes in net sentiment on a bottom-up basis into quintiles)."

Of course, the sentiment data is only one part of the investment equation. UBS' "Evidence Lab" is designed to fit with the bank's traditional analysis to help investors get an edge on the market.

"This is a part of an investment process rather than the investment process itself," UBS said. "The usefulness of the data is premised on it being a non-traditional form of analysis and idea generation. Intuitively, it will be most useful in combination with bottom-up stock analysis, other data sets which indicate change (e.g. Glassdoor) and a systematic analysis of consensus to understand where market expectations and management sentiment are at odds."

Earlier this year, Barry Hurewitz, the global chief operating officer of UBS Group Research, told Business Insider that the lab was designed to harness the power of big data and answer the 65,000 to 75,000 questions clients asked the bank each year.

"The amount of data that was available 15 years ago is dramatically different to today," Hurewitz said. "To think that an analyst with Excel, two associates, and a CFA is going to be able cope with all that data, that's not realistic."

Other data-intensive projects by the bank have included dismantling a Chevrolet Bolt — GM's mass-market electric car — to see exactly how much it costs the US's largest automaker to produce the Tesla competitor. Not only is the car about $4,600 cheaper per unit, but it has just three moving parts in the engine, compared with a traditional car's 110. UBS has also used satellite imagery to drill data on everything from Disneyland parking lots and amusement wait times, to Saudi Arabia's oil reserves.

The new vein of research comes at a critical time for sell-side research shops. A new law in the European Union known as MiFID II — or Markets in Financial Instruments Directive II — has forced banks to break out the cost of research to clients rather than providing it free as before. This has led to some scrambling among banks to comply with the new regulations but also to creativity among research directors to stand out among peers.

"There was a long period of time where a mediocre firm producing OK research with OK analysts doing OK work, but with enough other peripheral business around them, could survive," Marc Harris, the head of RBC Capital Markets' research division, told Business Insider in a recent interview. "Today, that simply will not get paid for in any geography, period. If you're one of those firms, you've got a problem."

Will Martin contributed to this report from London.

SEE ALSO: 70,000 questions a year, satellite imagery, and dismantling electric cars: How UBS is trying to change the face of financial research

Join the conversation about this story »

NOW WATCH: 5 science facts that 'Jurassic World: Fallen Kingdom' totally ignored

TripAdvisor just named this the best burger joint in America. Here's what it's like to eat there.

Als Burger

  • TripAdvisor released its list of the top 10 restaurants for burgers in the United States on Wednesday. The ranking is based on millions of reviews provided by customers on the site. 
  • Al's Burger Shack in Chapel Hill, North Carolina, was awarded the top spot. 
  • Al's Burger Shack sells six different kinds of burgers, and ingredients are sourced from local suppliers.

There are perhaps few accolades more impressive than winning the title for best spot for burgers in America, but Al's Burger Shack, a two-restaurant chain in Chapel Hill, North Carolina, just took the trophy. 

The restaurant was awarded the title of top burger destination in the United States by TripAdvisor, which based its rankings on an analysis of millions of reviews by visiting customers.

Scores of Yelp and TripAdvisor reviewers say Al's burgers are the best they have ever eaten, especially considering it is a small, hole-in-the-wall joint.

"Best burger not just in town, but across the nation. Perfect bun to meat ratio. Great ingredients. Fries are classic and crispy. Innovative burger types," one Yelp reviewer wrote. 

For this reason, customers say they are happy to suffer through the massive lines that often form at this restaurant. 

Take a look below to find out what makes these burgers so delicious:

SEE ALSO: This East Coast cult favorite just beat In-N-Out to be named America's favorite burger chain for the second year in a row — here's what it's like

Al's Burger Shack has two restaurants that are both located in Chapel Hill, North Carolina.

Inside, the restaurants are pretty low-key.

Most of the seating is located outside.

See the rest of the story at Business Insider

In video from Sacha Baron Cohen's new show, GOP members of congress support arming preschoolers with guns

Trent Lott Sacha Baron Cohen

  • Several Republican lawmakers express support for arming schoolchildren with guns in a new video clip.
  • The video comes from "Who Is America?", Sacha Baron Cohen's new show that premieres on Showtime Sunday night.
  • The executive director emeritus of Gun Owners of America confused musical artists Blink-182 and Cardi B with science terms in the video.
  • The clip from Cohen's show also features former Senate Majority Leader Trent Lott and Rep. Dana Rohrabacher expressing support for the program.

Sacha Baron Cohen is back to duping unsuspecting public figures for a new Showtime program, "Who Is America?" which premieres on Sunday night.

One video clip from the show that's floating around the internet shows several former and current Republican lawmakers endorsing the idea of arming school children as young as four with guns.

The clip opens with Rep. Matt Gaetz of Florida saying that "typically members of Congress don't just hear a story about a program and then indicate whether they support it or not."

Immediately after Gaetz's remark, the clip cuts to former Sen. Trent Lott saying "I support the kinder-guardian program." Lott, who served as senator for Mississippi from 1989 to 2007, was the Senate Majority Leader from 1996 to 2001. Before joining the Senate, Lott served 16 years in the US House of Representatives.

Rep. Dana Rohrabacher of California said training school children how to shoot "might actually make us safer."

Rep. Joe Wilson of South Carolina also chimed in, saying "A three-year-old cannot defend itself from an assault rifle by throwing a Hello Kitty pencil case at it," and adding that "our founding fathers do not put an age limit on the second amendment."

Former Rep. Joe Walsh of Illinois, who is now a conservative radio host, said the "kinder-guardian" program "introduces specially selected children, from 12 to four years old, to pistols, rifles, semi-automatics, and a rudimentary knowledge of mortars."

"In less than a month, a first grader can become a first grenadier," he said.

Larry Pratt, executive director emeritus of Gun Owners of America said "toddlers are pure, uncorrupted by fake news or homosexuality. They don't care if it's politically correct to shoot a mentally deranged gunman. They'll just do it."

Pratt, who served in the Virginia House of Delegates in the early 1980s, said that "the science behind this program is proven." While reading his endorsement into the camera, he adds that children can process images quicker than adults, "meaning that, essentially like owls, they can see in slow motion."

"Children under five also have elevated levels of the pheromone Blink-182, produced by the part of the liver known as the Rita Ora," Pratt adds. "This allows nerve reflexes to travel along the Cardi B neural pathway to the Wiz Khalifa 40% faster."

Blink-182 is a rock band, Rita Ora is a pop singer, and Cardi B and Wiz Khalifa are both rappers.

The clip ends with an alteration of the expression that the only way to stop a bad guy with a gun is a good guy with a gun. "The way to stop a bad guy with a gun...," Pratt said, before the scene cuts to Lott, who continues "... is a good kid with a gun."

Pratt and Walsh echo Lott's refrain, and the video closes with Walsh saying "happy shooting, kids."

The new series is already making waves

trump sacha baron cohenBaron Cohen, who became famous for pranking politicians and celebrities on HBO's "Da Ali G Show," first previewed "Who Is America?" last week with a cryptic Twitter video that featured President Donald Trump mocking Cohen.

The star of films such as "Borat" and "Bruno" interviewed many political figures while in disguise for his new show. The former vice presidential candidate Sarah Palin wrote a Facebook post on Tuesday confirming that she and her daughter had been "duped" into an interview for Cohen's series.

"I join a long list of American public personalities who have fallen victim to the evil, exploitive, sick 'humor' of the British 'comedian' Sacha Baron Cohen, enabled and sponsored by CBS/Showtime," Palin wrote.

Cohen released a teaser clip showing former vice president Dick Cheney, signing a "waterboard kit," which Cheney does with a smile and says, "that's the first time I ever signed a waterboard."

Aside from Palin and Cheney, Bernie Sanders, Roy Moore, Ted Koppel, David Petraeus, and Howard Dean are all rumored or confirmed to appear in "Who Is America?"

Watch the trailer for the show below:

SEE ALSO: 'Borat' comedian Sacha Baron Cohen's explosive new TV series has 'duped' the likes of Sarah Palin and Dick Cheney

DON'T MISS: 'Borat' comedian Sacha Baron Cohen seems to be taking aim at Trump with a new project

Join the conversation about this story »

NOW WATCH: Sacha Baron Cohen recounts his 2003 Trump interview: 'I was the first person actually to realize that he’s a d---'

A woman who has reviewed more than 40,000 résumés outlines the 8 most annoying mistakes she sees

job fair career resume recruit job application candidate

  • Résumés are a crucial part of any job search.
  • If you want to land your dream job, you'll need to whip your résumé into shape.
  • Résumé Writers' Ink founder Tina Nicolai shared some tips on how to go about doing that with Business Insider.

Résumés are important.

No one knows that better than Tina Nicolai. She estimated that she has read more than 40,000 résumés since launching Résumé Writers' Ink in 2010.

That's a lot of CVs. Over the years, Nicolai says, certain annoying mistakes tend to come up quite a lot.

Some of these errors may not seem like a huge deal. In a competitive job market, though, they might be the difference from snagging your dream job and having your résumé thrown in the garbage.

Here are Nicolai's picks for the most annoying mistakes you can make on a résumé:

SEE ALSO: 17 annoying things job candidates do that make hiring managers not like them

DON'T MISS: 6 websites that will help you build your résumé if you don’t know where to start

SEE ALSO: The 13 most common résumé mistakes

1. Sloppiness

"The biggest mistake job seekers make: They are sloppy. They pay poor attention to detail. They are lazy!"

Nicolai said she has seen too many résumés with typos, unprofessional fonts, outdated information, and irrelevant information.

2. Summaries that are too long

Summaries are annoying when they are written in a formal tone and include too many adjectives, she said.

"After a while, the summaries can read like a lengthy chapter in a book," Nicolai told Business Insider. "It's better to list a few bullets with pointed achievements and a branded tagline stating, 'Known for achieving XYZ.'"

3. Too many buzzwords

Résumé jargon such as "out of the box," "team player," and "exceptional communicator" are "baseline expectations in today's market," Nicolai said. "A person who truly is a 'unique problem solver who works well in teams' will convey this succinctly and creatively on their résumé through a combination of few words and imagery."

See the rest of the story at Business Insider

GM's self-driving car unit could be worth $43 billion — nearly 4 times the valuation it received 6 weeks ago, RBC says (GM)


  • General Motors' self-driving unit, Cruise, could be worth $43 billion, RBC Capital Markets estimates.
  • The autonomous arm received a valuation of $11.5 billion from Japan's SoftBank in May.
  • GM is reportedly eyeing a spin-off or tracking stock for Cruise, Bloomberg reported last month. 
  • Follow GM's stock price in real-time here. 

Cruise, the self-driving car company bought by General Motors in 2016, could be worth a whopping $43 billion, RBC Capital Markets estimates.

That new valuation is nearly four times the figure eyed by Japan’s SoftBank when it invested $2.25 billion in the autonomous driving unit in May. Since then, Bloomberg reported that GM was eyeing a possible spin-off or tracking stock for Cruise.

"We doubt SoftBank would have invested if they didn’t see a much larger opportunity," Joseph Spak, RBC’s autos analyst, said in a note to clients Tuesday.

"For now, it appears GM’s plans are to run its own transportation network company (TNC). If they can get the technology right and execute on this plan, then when we run this scenario, we see them having a fleet of ~800,000 vehicles by 2030 driving ~58 billion miles that year. At $0.55/mile and 29% EBIT margins, we see ~$17 billion of EBITDA. In our DCF (11x exit multiple) this values Cruise at $43 billion."

Cruise has been growing at a quick pace ever since GM acquired the San Francisco-based startup and its 50 employees for $581 million. GM hopes to increase Cruise's headcount to 1,648 in California by 2021 thanks to a tax-credit package worth $8 million approved by state officials last year.

RBC says the value add from GM's 80% stake in Cruise is currently worth about $7 a share, which the bank factors into its new $53 price target for the US's largest automaker — 33% above where the stock was set to open Tuesday.

When it comes to the operating a fleet of autonomous taxis, miles driven is a key figure. Cruise's market share of total self-driving miles logged is small, only about half a percent of the global total currently, but RBC says that total is growing exponentially.

"Autonomous driving will rely on machine learning algorithms and deep neural networks (deep learning) to take all the sensor inputs (cameras, lidar, radar, maps, and other sensors) to drive, make decisions and understand location/perception," RBC says. "The more miles the AI takes in, the more it learns. Thus, miles = knowledge."

At the same time, disengagements, or instances where a human driver has to override the car's computer system, have decreased drastically — a good sign for a future commercial rollout.

"Judging how close GM is to a commercial launch is hard, as the company has remained purposefully vague," RBC warned. "Executives have stated that GM’s fleet will be available in 2019 and continue to say that we are a matter of quarters away from launch, not years."

GM shares are down 4.8% this year.

GM Cruise stock price

SEE ALSO: GM reportedly wants to spin off Cruise, its $11.5 billion self-driving car business

Join the conversation about this story »

NOW WATCH: 5 science facts that 'Jurassic World: Fallen Kingdom' totally ignored


* info (et)
RSS linkinizi eklemek için bize mail atýnýz...