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Baidu Launches Self-Driving Robotaxi Service, Ready for the 2022 Winter Olympics

Baidu Launches Self-Driving Robotaxi Service, Ready for the 2022 Winter Olympics
3 May 2021, 11:10 UTC ·
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Starting May 2nd, Chinese users can hail a self-driving robotaxi to go about their business. The fully driverless Apollo Go service will first launch in Beijing s Shougang Park, one of the venues for the 2022 Beijing Winter Olympics, and it will soon be transporting visitors, athletes, and staff to the upcoming games.
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Since October of last year, Baidu has been conducting public autonomous driving tests in areas such as Yizhuang, Haidian, and Shunyi. The introduction of completely driverless robotaxi services in the capital represents a starting point for commercialized operations in first-tier Chinese cities. ....

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Verizon Media sold to private equity firm for US$5bn, to be renamed Yahoo

Verizon Media sold to private equity firm for US$5bn, to be renamed Yahoo
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03 May 2021
Verizon Communications is selling Verizon Media to private equity firm Apollo Global Management for US$5 billion. Verizon will retain a 10% stake in the new company, which will be known as Yahoo at close of the transaction and continue to be led by CEO Guru Gowrappan. Verizon Media comprises iconic brands such as Yahoo and AOL, as well as adtech and media platform businesses.
According to Verizon, the sale will allow Verizon Media to aggressively pursue growth areas and stands to benefit its employees, advertisers, publishing partners and nearly 900 million monthly active users worldwide. Under the terms of the agreement, Verizon will receive US$4.25 billion in cash and preferred interests of US$750 million. News of a potential sale for Verizon Media first surfaced last week, after its parent company failed to grow the bus ....

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Verizon sells internet trailblazers Yahoo and AOL for $5B

Verizon sells internet trailblazers Yahoo and AOL for $5B
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MICHELLE CHAPMAN and TALI ARBEL, AP Business Writers
May 3, 2021
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AOL and Yahoo are being sold again, this time to a private equity firm.Michael Probst, STF / Associated PressShow MoreShow Less
2of6FILE - The Yahoo logo is displayed outside of offices in Santa Clara, Calif., in this Monday, April 18, 2011, file photo. Verizon is selling the segment of its business that includes Yahoo and AOL to private equity firm Apollo Global Management in a $5 billion deal. Verizon said Monday, May 3, 2021, that it will keep a 10% stake in the new company, which will be called Yahoo.Paul Sakuma/APShow MoreShow Less ....

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Dancer Jacques d'Amboise dead at 86

Elegant dancer, passionate educator Jacques d Amboise dies
JOCELYN NOVECK, AP National Writer
May 3, 2021
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1of6FILE - Dancer-choreographer Jacques d Amboise appears during an interview in his office at the National Dance Institute in New York on March 3, 2018. D Amboise, who grew up on the streets of upper Manhattan to become one of the world s premier classical dancers at New York City Ballet and spent the last four and a half decades providing free dance classes to city youth at his National Dance Institute, died Sunday, May 2, 2021. He was 86. His death was confirmed by Ellen Weinstein, director of the institute.Mary Altaffer/APShow MoreShow Less ....

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Apollo to acquire Verizon Media in $5BN deal

| 03 May 2021
In a transaction intended to accelerate growth of the leading Internet and digital media firm, funds managed by affiliates of Apollo Global Management have entered into an agreement with comms giant Verizon to but its Verizon Media business for $5 billion.
The global technology and media company is made up of a number of brands such as Yahoo and AOL, as well as well as an ad tech and media platform businesses. Verizon Media reported strong, diversified year-over-year revenue growth the past two quarters, driven by ad offerings, consumer ecommerce, subscriptions, betting and strategic partnerships. Yahoo, still one of the best recognised digital media brands in the world and the fourth most visited internet property globally, is said to have become the fastest growing news organization on TikTok. ....

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