Uber’s Self-Driving Fleet Takes On San Francisco

Uber on Wednesday rolled out a fleet of self-driving cars in San Francisco, the second U.S. city to participate in its pilot project. Pittsburgh was the first. Riders who request an UberX — the lowest-priced Uber vehicle — will be matched with one of the self-driving Volvo XC90 SUVs if one is available and if the customers are willing, according to Anthony Levandowski, head of Uber’s Advanced Technology Group.

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CrateDB Launches Machine Data Innovations has announced the general availability of the first non-beta release of CrateDB 1.0, an open source SQL database that enables real-time analytics for machine data applications. CrateDB is an SQL database alternative to NOSQL machine data management solutions. It gives mainstream SQL developers access to machine data applications that previously were available only using NoSQL solutions.

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Business and financeFree exchange

The Fed finally manages to lift rates in 2016

TODAY, finance and economics journalist gathered for a long-awaited Federal Reserve announcement: that the Fed’s benchmark interest rate would rise once more, by 25 basis points, to a range between 0.5% and 0.75%. If the scene looked familiar, well, no surprise there. It was December a year ago that the Federal Reserve announced another increase in its benchmark interest rate, of 25 basis points—the first in nearly a decade. It was also December a year ago that Fed projections suggested that rates would soar upward in 2016, to close to 1.5% by year’s end. The Fed has repeated that tradition as well; the projections published today repeat last year’s heroic call, of a rate near 1.5% one year hence.

Whether the third act of the holiday tradition—an inevitably disappointing performance of inflation and wage growth, which forces the Fed to abandon all but one of its expected rate hikes—will also be repeated remains to be seen. In some important ways, conditions…Continue reading

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