Uber hits the brakes on self-driving trucks, GE is selling more of itself, and more top news
Uber CEO Dara Khosrowshahi. BRENDAN SMIALOWSKI/AFP/Getty Images

Uber hits the brakes on self-driving trucks, GE is selling more of itself, and more top news

The news professionals are talking about now, curated by LinkedIn’s editors. Join the conversation on today's stories in the comments.

Uber is halting its autonomous truck efforts. The ride-hailing company said it would focus exclusively on the development of autonomous cars but that its Uber Freight app, which connects drivers with shippers, would not be affected by the decision. Uber began working on self-driving trucks after acquiring Otto in 2015; the startup was later at the heart of a legal battle with Alphabet subsidiary Waymo. • Here’s what people are saying.

GE is seeking a buyer for its digital assets. Parts of GE Digital will likely be sold off to software companies or “industrial players seeking to become more digital-focused,” The Wall Street Journal reports. The subsidiary was created in 2015 to develop analytics and machine-learning software for industrial companies. The sale is part of a push by current CEO John Flannery to streamline the ailing conglomerate. • Here’s what people are saying.

The world’s biggest 5G deal yet: T-Mobile has agreed to buy $3.5 billion of the next-generation network gear from Nokia. The announcement makes T-Mobile one of the “first major carriers” to announce a 5G hardware investment; the carrier, which agreed to merge with Sprint earlier this year, says it will be the first to offer nationwide coverage. 5G promises to deliver faster mobile-phone speeds, and the U.S. is racing China to be the network leader. • Here’s what people are saying.

WeWork is getting into office design, helping clients such as UBS make their workplaces “more convivial.” The coworking giant is attempting to pivot away from expensive, long-term leases — and “justify a valuation of $20 billion” — with its new Powered by We unit, which currently has 30 customers and made $13.7 million in revenue last year, per Bloomberg. Here’s what people are saying.

Harley Davidson is looking to produce smaller motorcycles to attract younger riders and boost declining sales. The Milwaukee-based firm, which has seen U.S. sales and market share fall in recent years, plans to introduce a line of middleweight bikes, as well as smaller bikes to initially be sold in India. The firm wants to increase its share of international sales from 38% to 50% in the next decade. Here’s what people are saying.

Idea of the Day: Don’t be too quick to judge people based on appearances, writes Jeff Stibel.

“When you’re a test subject sitting in a lab, there’s no downside to making a fast judgment. But when you’re meeting a real human being with whom you’d like to establish a real relationship, it can often do more harm than good.”

What's your take on today’s stories? Share your thoughts in the comments.

Carmel Melouney & Katie Carroll

Anoop Kumar

Manager of Sales at Syntel

6y

Yes

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pratik gandhi

bussiness at shalibhadra plastics

6y

P1

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Wafaa Mohamed

Online English Teacher

6y

Does anybody know of a company that likes to make business in US?

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