Here is a strategy for start-ups dealing with regulators who might shut down your product: Make it free.
Scrappy self-driving car start-up Comma.ai released a free software kit on Wednesday to help developers learn to build a device that can turn any car into an autonomous vehicle. The year-old company, which is founded by a well-known hacker and backed by prominent Silicon Valley investors, hopes to accelerate the development of self-driving cars while skirting the ire of Washington.
The move raises questions of how the United States should foster innovation for promising technologies that also carry great risks.
It could be the plot of an Ocean’s Eleven movie: A team of daring engineers heads to the wilds of Nevada to create a dazzling spectacle, defy officials, and walk off with a $680 million jackpot.
In May of this year, Otto unveiled a video of an 18-wheeler thundering down a freeway with no one at the wheel. The San Francisco-based startup had retrofitted a freight truck with lidar, video cameras, radar, and other sensors, enabling it to operate “completely driverless without a driver in the backseat,” according to co-founder Lior Ron at the time.
By Mike Quimby, Senior Vice President & General Manager, Element Fleet Management
If you’re a fleet manager, chances are you’re aware that the Financial Accounting Standards Board (FASB) is moving forward with a new standard requiring companies and organizations to include lease obligations on their balance sheets.
“We believe that this new standard is important because it will provide investors, lenders and other users of financial statements a more accurate picture of the long-term financial obligations of the companies to which they provide capital,” said FASB Chairman Russell G. Golden in a press release.
There are two popular types of fleet leases, open-end and closed-end leases. Historically, businesses and organizations have used operating leases to keep assets off of their balance sheets, effectively treating lease payments as a rental expense. This is commonly referred to as the risk and reward method, as the lessor takes on the risks and rewards of asset ownership.
While the rule doesn’t go into effect until 2018, companies need to start thinking about how they will implement the new rules now.
San Francisco Chronicle
Two Bay Area companies — FICO and eDriving — next month will introduce a smartphone app that gathers information about your driving behavior and turns it into a score similar to FICO’s famous credit scores.
The FICO Safe Driving Score could be used by employers to monitor workers who drive on the job, by parents to assess their teen drivers and by couples to prove once and for all which spouse is the better driver.
EDriving’s core business is providing driver’s education to beginning drivers, employees who drive a company car and people going to traffic school after getting a ticket. “We are the largest provider of fleet driver safety programs,” said Celia Stokes, eDriving’s CEO.
NAFA's LOWEST registration rate of the year for the upcoming Institute and Expo is only available until Wednesday, November 30! Register now to take advantage of an additional $50 off the already discounted early registration rate. Simply enter the promo code “Early50” during registration.
The complete I&E program was recently posted and is now available online! Offering more than 55 hours of training over 4 days, all 45 concurrent sessions (across five educational tracks) are detailed at www.nafainstitute.org/agenda.