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Can social awareness improve autonomous cars’ road robustness? That’s what a team of researchers at MIT Computer Science and Artificial Intelligence Laboratory set out to discover in a recent study. They built a system that classifies the behavior of other drivers with respect to their selfishness — in other words, whether drivers are less likely to act altruistically toward other cars. In t...
WeWork is preparing to cut at least 4,000 people from its work force as it tries to stabilize itself after the company’s breakneck growth racked up heavy losses and led it to the brink of collapse, two people with knowledge of the matter said.
The cuts are expected to be announced as early as this week and will take place across ...
Smart technology. Green space. Sustainability. For years apartment owners have been in search of the ideal mix of amenities and building features to attract the best renters. In return, they have been met with an avalanche of suggestions, some of which have hit the mark and others washing out.
For example, while virtual tours of apartments have been heavily marketed by vendors as the next big t...
After months of rumors, Facebook is officially committed to a sprawling lease across three buildings at Hudson Yards. Its decision to move thousands of workers there — the biggest lease in Manhattan in 2019 — marks a turning point for both the Far West Side megaproject and New York City’s emergence as a major technology hub. All told, the social networking giant is taking in excess of 1...
Habi, a technology-driven real estate company based in Bogotà, Colombia, raised $5.5m in pre-seed funding. The round was led by Tiger Global Management, Homebrew and Zigg with participation from Reshape Holdings, FJ Labs, and Supernode Ventures, among others. The company intends to use the funds to launch in three key neighborhoods in the north of Bogotá and to expand to other countries in Lati...
After everything that’s happened at WeWork, shareholders now have a new worry. SoftBank is delaying a $3 billion tender offer for WeWork shareholders. In a letter WeWork sent to shareholders Nov. 8, and obtained by The Real Deal, the Japanese conglomerate’s offer would commence “within five business days of the completion” a $1.5 billion investment in the struggling office startu...
Stephen Eaves, the chief executive of a new startup that promises to overlay data on electricity distribution, has spent years developing data management technologies. Eaves’ first company, the eponymous Eaves Devices, focused on energy systems in aerospace and defense — they converted the military’s fleet of B2 bombers to use lithium ion batteries. The second com...
In the wake of the WeWork IPO debacle, coworking and flexible office companies have been quick to point out how different they are from the industry's elephant in the room. But they say the entire fiasco has taught them a few things, and given them some benefits, too. “Knotel has been growing quite fast, we have grown almost fourfold in the last year," Knotel co-founder and Chairman Edward Sh...
WeWork is eager to turn the page on its now-infamous IPO bid and the ouster of co-founder Adam Neumann. Fresh off its rescue at the hands of new majority owner SoftBank Group, the company released a 50-page, "90-day game plan" on its website. It shared the plan to reverse its spiraling fortunes after presenting it to investors in October, CNBC reports. The primary focus of the plan is to dives...
The U.S. Securities and Exchange Commission has launched an inquiry into WeWork to determine if the company violated reporting rules ahead of its doomed planned public offering. Citing two unnamed sources, Bloomberg reported that SEC investigators are scrutinizing disclosures made to investors while the company embarked on aggressive fundraising efforts and completed transactions that posed pote...