A billionaire technology investor has shocked graduating students in Atlanta, Georgia, by telling them he will pay off all of their student loans.
Robert F Smith, one of America’s most prominent black philanthropists, was giving an address at Morehouse College, a historically all-male black college.
Nearly 400 students will benefit at a cost of tens of millions of dollars.
The class of 2019 and their teachers were stunned at the news before applausing.
Robert F. Smith, this year’s commencement speaker, made the announcement Sunday morning while addressing nearly 400 graduating seniors of the all-male historically black college in Atlanta.
“On behalf of the eight generations of my family that have been in this country, we’re gonna put a little fuel in your bus,” Smith told the graduates. “This is my class, 2019. And my family is making a grant to eliminate their student loans.”
A former chemical engineer and investment banker, he is the founder, chairman, and CEO of private equity firm Vista Equity Partners. In 2018, Smith was ranked by Forbes as the 163rd richest person in America. He was No. 480 on Forbes 2018 list of the world’s billionaires, with a net worth of US$4.4 billion.
Robotics director,Scott Anderson, of Amazon robotics fulfillment, told a group of reporters during a visit to Amazon’s Baltimore warehouse on Tuesday that the company is 10 years away from replacing certain human jobs.
He was referring specifically to the picking process, which would require robots to select a single product from a bin without picking up or damaging other items.
The technology is very limited and extremely far from the fully automated workstation thats needed.
According to a recent report by TechCrunch, Amazon now has more than 100,000 robots in operation. According to Amazon, none of these robots are currently used in warehouses that handle fresh food because of the need for human intelligence.
Uber apologized Monday after its automated Twitter account responded to a customer with the N-word. The Twitter user had adopted the racial slur as a username, which some believe might have been a deliberate move to trick the automated system.
The customer, whose Twitter handle was @realtheeCheney, messaged Uber about an unpleasant experience, tweeting “I had an awful driver today. I want my money back!!! Please respond so we can work this out.” Uber’s support account responded in a tweet with “We’re so sorry about that, (N-word)! Please send us a DM with your phone number with additional details of your concern so we can connect.”
With, this being the internet, a troll was involved in this sordid mess. Apparently responding to a customer complaint about a bad driver, the company replied that it was sorry, and then called the alleged customer a vile racist slur.
Google employees say they will hold a sit-in tomorrow to protest alleged retaliation against workers.
In a tweet, the organizers of last year’s walkout of Google employees said the sit-in was scheduled for 11AM.
More than 20,000 Google employees walked out in November to protest the company’s handling of sexual harassment allegations. In response, Google leadership made some concessions, but internal controversy has still plagued the company.
Last week, two employees who helped organize the walkout said they had seen their job responsibilities diminished by management after organizing protests. Google has said any changes were not acts of retaliation. Other employees have since shared stories of incidents they believe were also retaliatory.
Uber and Lyft have stopped accepting new drivers in New York City. The move comes after the city passed new rules that are designed to curb the explosive growth of ride-hail companies.
On its website, Uber attributes the new policy to “new [Taxi and Limousine Commission] regulations. There is a reference to legislation passed by the New York City Council in December 2018, which requires ride-hail companies to pay drivers at least $17.22 an hour after expenses. The pay formula uses a so-called “utilization rate,” which accounts for the share of time a driver spends with passengers in their vehicles compared to time spent idle and waiting for a fare.
The rules penalize companies for running too many cars without passengers on city streets. The higher a company’s utilization rate, the less it has to pay drivers to meet the new wage floor requirement. The rules were intended to increase pay for drivers, while also addressing what many saw as an oversaturated market in New York City.
Uber stopped onboarding new drivers in New York City on April 1st, followed soon after by Lyft. In January, Lyft sued the city to block the new wage rules, arguing that they would create an uneven playing field and would ultimately mean their own drivers would be paid less. Three weeks later, Uber sued the city over the cap on new ride-hail drivers.
Amazon announced it will expand its Denver Tech Hub and double its tech workforce in the area by creating 400 new tech jobs.
The company will open a new office in downtown Denver.
Amazon previously opened an office in Boulder, Colorado, last fall.
The expansion of Amazon’s Denver Tech Hub will more than double the tech workforce in the city’s metro area, where Amazon currently employs more than 350 employees, according to the company. Amazon opened an office in Boulder, Colorado, last fall. The expansion will offer job titles spanning software and hardware engineering, cloud computing, and advertising, the company said.
The new 98,000-square-foot office will be located in Denver’s lower downtown neighborhood, according to the release.When it decided against building its second headquarters in Long Island City, Amazon said it would continue hiring across its corporate offices and tech hubs in North America, rather than reopen its search for another headquarters location Amazon said it would continue hiring across its corporate offices and tech hubs in North America.