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Reliance Industries ups stake in skyTran Inc to 54.46% for $26.76 million


Reliance Industries ups stake in skyTran Inc to 54.46% for $26.76 million
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The acquisition of a majority stake in the technology company that develops pod car transport systems is a part of the company’s strategy to use Reliance Industries as a platform to develop new technologies.
Reuters
Reliance Industries, through a subsidiary Reliance Strategic Business Ventures, has increased its stake in skyTran Inc to 54.46% from 26.3% earlier with an additional investment of $26.76 million, the conglomerate said late Sunday.
The acquisition of a majority stake in the technology company that develops pod car transport systems is a part of the company’s strategy to use Reliance Industries as a platform to develop new technologies. ....

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Op-Ed: The Tesla Robo-Taxi Paradox


Op-Ed: The Tesla Robo-Taxi Paradox
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Will robo-taxis very low cost per mile of range discourage people from owning vehicles?
In a recent YouTube episode, which we ve embedded at the bottom of the page, John, the host of
Dr. Know-it-all Knows it all, talked about the idea of robo-taxi services taking over the bulk of the driving.
The thought is that the robo-taxi services’ very low cost per mile of range will discourage a large number of people from owning vehicles. Personal vehicle ownership will fall off dramatically. Vehicle ownership will go the way of DVD ownership vs online streaming.
This is a subject I’ve been thinking about for a while. I took the opportunity to email John my thoughts about it. ....

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