• UPS is testing out same-day delivery. Experts lay out just how much it will take to keep up with Amazon and gig economy startups

    4 days ago - By Business Insider

    Summary List Placement UPS has a team of people looking into same-day delivery, CEO Carol Tomé said at an investor presentation last month. By entering the same-day game, the logistics behemoth would join a roster of players vying for what could be a $20 billion pie by 2027.
    Today, the lucrative space is dominated by gig economy outfits like Instacart and Shipt, and by Amazon. The retail giant has been expanding its same-day service since it launched in 2014. It's just a matter of time before it makes the service a larger part of its e-commerce operation, according to Morgan Stanley...
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  • Self-driving leader Argo AI's CEO explains how his new deal with Lyft helps the startup clear a critical hurdle

    Self-driving leader Argo AI's CEO explains how his new deal with Lyft helps the startup clear a critical hurdle

    4 days ago - By Business Insider

    Summary List Placement Five years after its founding, Argo AI had an automated-driving system that had navigated big cities like Pittsburgh and Washington, DC, and two partners ready to build robotaxis and delivery vehicles around it. But the startup had a third critical task to complete before it could begin making money: figuring out how to attract customers.
    Argo found an answer in a newly announced partnership with Lyft , which will integrate self-driving Ford vehicles powered by Argo's technology into its ride-hailing networks in Miami later this year and Austin in 2022. As part of...
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  • This CEO saw the ongoing wave of vicious supply-chain attacks coming in 2005, and she just raised $100 million from top investors to help fight them off

    This CEO saw the ongoing wave of vicious supply-chain attacks coming in 2005, and she just raised $100 million from top investors to help fight them off

    4 days ago - By Business Insider

    Summary List Placement Supply-chain attacks have dented the global economy over the past year. Interos CEO Jennifer Bisceglie saw it coming - 16 years ago. And now some of the biggest names in cybersecurity are rewarding her startup with $100 million in funding.
    Bisceglie's supply-chain security company Interos, which uses artificial intelligence to monitor physical and cyber threats, is pulling in a $100 million Series C round on Thursday, taking it to a valuation of over $1 billion. She founded the company in 2005, and its total prior funding was $25.8 million.
    Supply-chain risk has...
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