SoftBank Makes Another Bet on Freight Shipping Technology

SoftBank Group Corp.
is doubling down on its bet that technology startups will reshape freight shipping and logistics, a sector that has been an ambitious focal point for the firm.

Through its Vision Fund 2, the Japanese firm led a $113.5 million investment in Flock Freight, a U.S. software startup that offers a service that uses algorithms to match trucks with freight headed in the same direction. The service, intended to optimize trucks’ shipping capacity, is akin to a ride-hailing company’s pooled services that match riders in the same vehicle based on their pickup and drop-off locations.

The deal values Flock Freight at roughly $500 million, according to a person familiar with the matter.

Volvo Group’s
venture-capital arm joined SoftBank in the financing. The Swedish-based company is one of the world’s largest heavy-duty truck manufacturers and is planning to collaborate with the startup and help improve its technology, said

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These pre-built gaming PCs are your best bet of getting an Nvidia RTX 3080 now

Trying to get your hands on an Nvidia RTX 3080 graphics card right now is a legendary feat, but if you’re willing to upgrade your entire PC – or if yoiu’re looking for your first one – then there are some great options out there right now. And that’s because, much like for anything else, the Black Friday gaming PC deals are the best time to try and pick up something cheap, but something that you might not be able to get hold of otherwise. Like the 30-series cards *shakes fist* 

Nvidia RTX 3080

© Provided by GamesRadar
Nvidia RTX 3080

Anyway, Whether you’re in the US or UK there are some seriously high-end gaming PCs on offer right now, which will give you (almost) immediate access to the best quality gaming you can buy right now. 

For US readers, we’ve got the Alienware Aurora R11 with an RTX 3080. You’ll need to

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GM Doubles Down On EV Future, Clarifying Bet On Its Underperforming Shares (NYSE:GM)

General Motors Co. CEO Mary Barra and the GM board have passed the tipping point in their commitment to an all-electric future, an initiative announced three years ago. In 2017, GM showed the flexibility to develop battery-powered EVs and to replace its gas-powered models at a pace consistent with market and regulatory conditions. The initial $20 billion investment was big; it also allowed for a pivot if events and consumer tastes slowed EVs entrance.

GM EV Day in March 2020Ultium battery architecture Source: GM

As of this week, GM is signaling with a large investment increase that it’s “all in” and accelerating the switchover so as to assure leadership in fossil-free mobility. It must catch up with the likes of Tesla (TSLA) and Volkswagen AG (OTCPK:VWAGY), which are leading in EVs at the moment.

Barra’s goal is simple and explicit: to put every GM customer into an EV.

Gasoline’s Uncertain Future

With California and Great

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Spotify’s Latest Buy: Another Big Bet on Podcasts’ Future

Spotify (NYSE:SPOT), the global leader in music streaming, announced on Nov. 10 that it is acquiring podcast advertising and publishing platform Megaphone. The deal values Megaphone at $235 million and marks yet another investment by the Swedish tech giant into the podcast industry. Here’s what Spotify shareholders need to know about the deal.

What Spotify is getting

Megaphone is a middleman between podcasters and podcast advertisers. It helps creators publish shows and helps advertisers partner with those same shows, making it easy for creators to monetize their work.  

Spotify's UI.

Image source: Getty Images.

We don’t know the exact number of publishers who use Megaphone, but the company works with some of the largest studios in the industry. ESPN, the Wall Street Journal, Bloomberg, and many others use it as a premium publishing tool and a way to efficiently line up advertisements for their shows. This differs from Anchor, a

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Hedge Funds Bet on Tech Ahead of Unpredictable Fourth Quarter

(Bloomberg) — Hedge funds mostly stuck with the safety of technology stocks during the third quarter as they headed toward the uncertainty of this month’s U.S. election.

a group of people walking on a sidewalk: Pedestrians pass in front of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Oct. 2, 2020. New York faced pressure as middle and high schools reopened, infection rates in virus hot spots rose further and the city's bond rating was cut by Moody's.

© Bloomberg
Pedestrians pass in front of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Oct. 2, 2020. New York faced pressure as middle and high schools reopened, infection rates in virus hot spots rose further and the city’s bond rating was cut by Moody’s.

If they’re still holding on to those wagers, it will have paid off, as the Nasdaq has rallied 6.8% since September.


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Coatue Management doubled the number of Tesla Inc. shares it owned in the three months ended Sept. 30, making the electric-vehicle maker its second-biggest publicly disclosed holding. The stock soared in late trading Monday after it was announced that Tesla will enter the S&P 500 next month.

Gabe Plotkin’s Melvin Capital

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Twitch viewers can bet their channel points on predictions

Twitch has introduced a new feature called Predictions for creators who want to encourage viewer participation on their channels. Predictions allow creators set events wherein viewers can use their Channel Points to predict an outcome. For instance, the host can broadcast a pizza-eating challenge with a prediction asking viewers if they think they can finish a table-sized pizza in 15 minutes. Viewers can then bet their Channel Points on either of the two possible outcomes the host typed in — say, “Yes” and “Definitely not” — and win a proportionate share of Channel Points from the total pool.



Users can earn Channel Points on the platform by watching, following and subscribing to channels. They can then use those points to unlock features, such as the use of certain emotes or the ability to highlight their messages in chat. While the points have no monetary value, viewers in Denmark, Luxembourg,

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A Boeing Exec’s $20 Million Bet on Teaching College Students to Think

BLACKSBURG, Va.—It’s been a choppy ride for many of the folks relying on paychecks from Boeing Co. Slammed by the pandemic and the grounding of its most important plane, the aerospace giant said recently that it expects to end 2021 with 30,000 fewer workers than it started this year.

“Decisions like these are not easy,” Boeing Chief Executive David Calhoun said on a webcast. These job cuts come as the airline industry weathers an unprecedented travel drought and Boeing endures a “year that is among the most difficult in our 100-year history.”

Even as Mr. Calhoun shows current employees the exit, he is pushing forward a program at Virginia Tech, his alma mater, designed to better prepare the next-generation’s workforce to avoid a similar fate.

An accountant by training, the 63-year-old executive recently told me Corporate America mislabels what he calls a “discovery gap” as the “skills gap.” Colleges, he

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How Tom Alberg bet on Seattle and Amazon, shaping the region’s tech industry and building a legacy of understated influence

Tom Alberg addresses the crowd at Madrona Venture Group’s 20th anniversary celebration at MOHAI in October 2015. (GeekWire Photo / Kevin Lisota)

It was the mid 1990s, and Tom Alberg had a decision to make.

Jeff Bezos had arrived in Seattle and was looking for investors for his nascent virtual bookstore. Alberg, who had been a leader at telecom pioneer McCaw Cellular Communications, was already a devout technology enthusiast. But these were early days for the online world, back in the days of Netscape and AOL. Microsoft’s internet browser was just being unveiled. Bricks and mortar still ruled the retail world.

“I didn’t know a lot about the internet in ’95,” Alberg said, “but I knew some because of McCaw, and I did think it was a big deal.”

He sent a copy of Bezos’ business plan to his son, John Alberg, who was recently out of college and working

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100 year-old Dow stock Honeywell is big bet on future

Darius Adamczyk, CEO of Honeywell

Adam Jeffery | CNBC

Most companies kicked off the Dow Jones Industrial Average don’t make it back on. But Honeywell, which was on the Dow from 1925 to 2008, was added back in August.

“I was literally looking at my phone, and I had one of these Wall Street Journal tags come across that basically said, ‘Honeywell and Salesforce and Amgen rejoined the Dow,'” Honeywell CEO Darius Adamczyk told CNBC’s Jim Cramer at the CNBC Evolve Summit on Tuesday.

That event came just a short time before Honeywell celebrated its 100-year anniversary. Getting to 100, and getting back on the Dow, speaks to how Honeywell has remained relevant.

Adamczyk says technology, primarily software, has been key for Honeywell. As the company known for its industrial sector history expands into more business lines, the CEO said there is one common thread that reinforces the software story.

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Spotify Buys Megaphone in $235 Million Bet on Podcast Ad Technology

Spotify will pay $235 million to acquire Megaphone, a podcast advertising technology company that lets creators monetize their audio content — part of the company’s ongoing bet to dominate the podcast monetization market.

Megaphone is based in Sweden, as is Spotify, but works with clients globally including podcast distributors Slate, iHeart Radio, Cadence13, Marvel and Stuff Media (which produces the popular “How Stuff Works” podcast).

Spotify will purchase Megaphone from its current owner, media outfit Graham Holdings. Spotify didn’t clarify when the acquisition would close and noted, “the transaction is subject to customary regulatory review, and it is business as usual until closing.”

The deal complements Spotify’s existing work on podcast advertising — earlier in the year Spotify launched a technology called Streaming Ad Insertion to better serve podcast listeners relevant ads based on digital marketing data. The company said in a statement Tuesday the preliminary results of this new

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