Top Stories of 2019, #1: F1's 2021 vision dominates horizon

Off-track, the 2019 Formula 1 season was dominated by the debate over what direction the sport will take in 2021 and beyond. For journalists it was the gift that kept on giving, with discussions continuing for much of the year, and thus there was much for the media to dissect prior to the revelation of ...

Ferrari making "sacrifices" to benefit smaller F1 teams

A budget cap of $175million will be implemented from 2021, but will not apply to engine development or driver salaries, while other exemptions such as the company’s top three earners will also be allowed.On top of the new financial regulations and sweeping new technical and sporting rules for 2021, F1’s owners have to strike new ...

India’s richest man is ready to take on Amazon and Walmart’s Flipkart

India’s richest man is ready to take on Amazon and Walmart’s Flipkart
As Amazon and Walmart-owned Flipkart spend billions to make a dent in India’s retail market and reel from recent regulatory hurdles, the two companies have stumbled upon a new challenge: Mukesh Ambani, Asia’s richest man. Reliance Retail and Reliance Jio, two subsidiaries of Ambani’s Reliance Industries, said they have soft launched JioMart, their e-commerce venture ...

Uber and Postmates claim gig worker bill AB-5 is unconstitutional in new lawsuit

Postmates and Uber have filed a complaint in California federal district court, alleging that a bill limiting how companies can label workers as independent contractors is unconstitutional. The complaint, which includes two gig workers as co-plaintiffs, was filed in U.S. District Court on Monday, days before Assembly Bill 5 (AB-5) is due to go into ...

Huawei’s revenue hits record $122B this year despite U.S. sanctions, forecasts ‘difficult’ 2020

Huawei reported resilient revenue for 2019 on Tuesday as the embattled Chinese technology group continues to grow despite prolonged American campaign against its business, but cautioned that growth next year could prove more challenging. Eric Xu, Huawei’s rotating chairman, wrote in a New Year’s message to employees that the company’s revenue has topped 850 billion ...

Panama tipped for potential F1 race bid | RaceFans Round-up

In the round-up: Panama tipped for potential F1 race bid • F1 cost cuts vital – Ferrari • ART signs F4 ADAC champion for F3 shot Source: F1 Fanatic

The five biggest rounds in tech in 2019 and what they mean

Funding for tech startups has been on an inevitable upswing for years, a result of a virtuous circle where wildly successful tech companies on the public markets whet the appetites of investors and investors’ backers to find more diamonds, a push met by a pull from the rush of talent with entrepreneurial aspirations out to ...

In the shadow of Amazon and Microsoft, Seattle startups are having a moment

In the shadow of Amazon and Microsoft, Seattle startups are having a moment
Venture capital investment exploded across a number of geographies in 2019 despite the constant threat of an economic downturn. San Francisco, of course, remains the startup epicenter of the world, shutting out all other geographies when it comes to capital invested. Still, other regions continue to grow, raking in more capital this year than ever. ...

Commercial space is going mainstream in 2020

2019 was a packed year for commercial space and space startups, but 2020 isn’t likely to see any kind of slowdown. In fact, it’s going to get a lot busier in a few key ways that could have the effect of driving even more enthusiasm, energy and funding into the emerging space tech industry. The ...

Listen to top VCs discuss the next generation of automation startups at TC Sessions: Robotics+AI

Robotics, AI and automation have long been one of the hottest categories for tech investments. After years and decades of talk, however, those big payouts are starting to pay off. Robotics are beginning to dominate nearly every aspect of work, from warehouse fulfillment to agriculture to retail and construction. Our annual TC Sessions: Robotics+AI event ...