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Uber Wants To Bring Its Flying Taxis To Traffic-Congested Los Angeles

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Flying taxis sound like a futuristic idea, but Uber wants to test the idea in Los Angeles by 2020. The traffic-laden city is the second city in the US, following Dallas-Fort Worth, to be selected as a test bed for UberAir’s network of air taxis.

Uber’s plan is to string together a network of electrical vertical take-off and landing vehicles, commonly called eVTOL, and make them available on-demand. Similar to helicopters, the eVTOL aircraft would take off and land on the tops of buildings and be able to cover distances more quickly and directly compared to cars stuck in traffic on Los Angeles congested roads.

According to Uber’s own analysis, a 200-mph all electric ride across Los Angeles would be “price competitive” to an UberX ride of the same distance. It will also be much faster than a car ride on the ground, Uber claims. In one example, Uber’s research predicts that an UberAir ride from Los Angeles International Airport to the Staples Center would take less than 30 minutes using UberAir. An UberX ride between the same distances generally lasts closer to an hour and a half.

“Just as skyscrapers allowed cities to use limited land more efficiently, urban air transportation will use three-dimensional airspace to alleviate transportation congestion on the ground,” Uber wrote in its white-paper on Uber Elevate, its name for the overall network, which it unveiled in October 2016.

READ MORE: Uber’s CEO Pick Adds Pressure To Resolve Boardroom Brawl

In Los Angeles, Uber plans to partner with Sandstone Properties to develop take-off and landing hubs for its network of eVTOL planes and plans to bring on additional real estate partners ahead of the anticipated launch, the company said. In addition to Los Angeles, Uber is working to launch similar tests in Dallas-Fort Worth and Dubai.

By the time the Olympics come to Los Angeles in 2028, Uber’s Chief Product Officer Jeff Holden said in a press release that he expects the service to be commercially available and already in “heavy use” by Los Angeles residents. At scale, the company envisions tens of thousands of flights happening in Los Angeles each day, according to Holden.

In April, Uber first announced that it had already signed on partners to produce the eVTOL aircraft to be used on the network, including Aurora Flight Sciences,Pipistrel AircraftEmbraerMooney, and Bell Helicopter.

READ MORE: Elon Musk’s Net Worth Drops $800 Million In A Day Amid Tesla Woes

But the choice of Los Angeles also means Uber will be working in what’s also a hotbed for next-generation aerospace activity. Along with Elon Musk’s SpaceX, Burt Rutan’s Scaled Composites that’s developing Paul Allen’s massive Stratolaunch plane and Richard Branson’s new Virgin Orbit operation in Long Beach, the region is home to growing cluster of startups. These include Rocket LabPhase FourRelativityWhitinghill AerospaceMasten Space Systems and Interorbital Systems. While Uber will be a new entrant into the already vibrant aerospace community, it’s already planning on holding its next aviation summit in Los Angeles in 2018.

“We are bringing UberAir to Los Angeles in no small part because Mayor Garcetti has embraced technology and innovation, making L.A. a hub for the future,” Holden said in the release. “In this case, technology will allow L.A. residents to literally fly over the city’s historically bad traffic, giving them time back to use in far more productive ways, whether more leisure time with friends and family or more time to work.” – 

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The Efficiency Of Mining With Drones

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Can mines become more efficient – and safe – through tech? Robots, drones and virtual reality tools are now being used for sophisticated drilling operations.

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The Fight of a Bot Named Madiba

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For one of the biggest robotics competitions on earth, a team of Generation Z-ers from South Africa made their way to Mexico accompanied by a robot with the fists and fury to fight.

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MultiChoice, Africa’s Biggest TV Operator, To Be Listed By Naspers, Africa’s Largest Public Company

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Koos Bekker, billionaire and chairman of Naspers Ltd., reacts during an interview at his office in Cape Town, South Africa, on Thursday, May 7, 2015. South Africa lacks a coherent economic policy and government departments are failing to work together, said Bekker, chairman of Africa's biggest company. Photographer: Halden Krog/Bloomberg via Getty Images

 

Naspers, the emerging markets internet and media giant which is the largest public company in Africa, will list its satellite television subsidiary MultiChoice, it has announced.

MultiChoice’s DStv service is the biggest TV operation in Africa, broadcasting to some 50 countries, and was one of the first satellite companies to pioneer the then newly-minted digital broadcasting when it began in 1996.

The spun-off company will be listed on the Johannesburg Stock Exchange (JSE) and will be known as MultiChoice Group. It will include MultiChoice South Africa, MultiChoice Africa, Showmax Africa, and Irdeto. Naspers will retain its primary listing on the JSE.

“This marks a significant step for the Naspers Group as we continue our evolution into a global consumer internet company,” said Naspers CEO Bob van Dijk. “Listing MultiChoice Group via an unbundling aims to unlock value for Naspers shareholders and at the same time create an empowered, top-40 JSE-listed African entertainment company.”

MultiChoice has been part of Naspers’ Video Entertainment division, which had revenue of ZAR47.1-billion ($3.1-billion), a trading profit of R6.1-billion ($401.6-million) and added 1.5-million subscribers in the last financial year, according to Naspers figures. It “is one of the fastest growing pay-TV operators globally. Its multi-platform business entertains 13.5-million households across Africa.. and employs more than 9,000 people in Africa,” it said. A further 20,000 people are employed by its partners and suppliers on the continent.

MultiChoice offers online streaming services called ShowMax (which offers a pure-play service in Poland) and DStv Now.

“The Video Entertainment business is an African success story. This unbundling and listing is expected to deliver value to the South African economy as well as to Naspers and Phuthuma Nathi shareholders. Naspers will continue to invest in South Africa through our interest in e-commerce business such as Takealot, Mr. D Food, PayU, OLX, Property24, and AutoTrader, amongst others,” Van Dijk added.

Phuthuma Nathi is a Black Economic Empowerment (BEE) scheme in South Africa, BEE is government policy designed to redress the injustices of Apartheid. The unbundling is subject to regulatory approval in various African countries.

“Listing and unbundling MultiChoice Group is intended to create a  leading entertainment business listed on the JSE that is profitable and cash generative. WE offer an unmatched selection of local and original content, as well as a world-class sports offering. Our leadership team is diverse, experienced and well-positioned to take the company forward,” said Video Entertainment chief executive Imtiaz Patel. “There are growth opportunities for MultiChoice Group in Africa. The combination of MultiChoice’s reach, Showmax and DStv Now’s cutting-edge internet television service, alongside Irdeto’s 360-security suite will provide a unique offering. Our customer focus, international and local content, and pioneering technology places MultiChoice Group at the forefront of African digital transformation.”

Earlier this year Naspers sold a 2% stake in Tencent for nearly $10-billion to fund its internet growth and offloaded its share in Indian e-commerce business Flipkart to Walmart. In mid-2016, Naspers became the first South African company to reach the magical R1-trillion valuation.

For decades MultiChoice was the crown jewel of the Naspers stable, until its internet interest – especially Tencent – became the group’s focus. The first channel, called M-Net, was the brainchild of Koos Bekker, now Naspers chairman, who was studying for an MBA at Columbia University. At the time it launches in 1986 M-Net was one of only two pay-TV channels in the world.

Bekker told me that he had seen the success of HBO during his studies and approached Ton Vosloo, then CEO of Nationale Pers (Naspers), a large newspaper group with Afrikaans-language publications, with his idea. Vosloo was keen to find another revenue stream for Naspers which had been awarded a broadcast license by the South African government to compensate them because significant advertising revenue was being spent with the state-owned South African Broadcasting Corporation (SABC).

DStv’s first broadcast in October 1986 was the final of a provincial rugby competition, called the Currie Cup, between provinces then known as Western Province and Transvaal.

But, with massive capital investment and huge overheads, within a year it faced severe financial pressures as it struggled to attract customers.

“By Feb [19]87 our viewing audience was so pathetic we had to give make-good ads to advertisers on the basis of one-paid, two-free,” Bekker told me at the 30th anniversary of M-Net in 2016, where a holographic depiction of Trevor Noah reminisced how integral and influential the channel had been to South African culture.

“By March [19]87 our trading results were turnover of half a million Rand, loss of ZAR3,5m for the month. Since our backers were newspaper groups of small to moderate size, they couldn’t bear that sort of bleeding. We were a few weeks away from the end.”

MultiChoice’s strategic advantage was its choice of new technology (well-made decoders) and a clever change in strategy (from selling to apartment complexes and to single homes), something Bekker would prove adept at doing when he bought a one-third stake in 2000 for $30-million in a then-unknown Chinese messaging company called Tencent, whose QQ instant messaging service now has over 1-billion customers.

The decoders “sold sweetly, since we now needed to persuade only a single guy and it didn’t matter what his neighbors thought”.

M-Net “scraped through by the skin of our teeth, and by the end of [19]88 were breaking even on a monthly basis” and became profitable in 1990. It was listed a year later and Bekker took over as Naspers CEO in 1996, a decade after his big gamble on the nascent digital television market had become a roaring success.

Bekker is now one of South Africa’s best – and best-known – businessman. His gamble on Tencent has made Naspers the most valued listed company in Africa, after AB InBev bought South African Breweries. It is the most valuable media company outside of the US and China and the seventh largest internet company in the world.

Naspers growth and status, as well as its entrepreneurial culture, is because of Bekker, who also brought “equality to this business right in the beginning, thanks to Koos. He set the pace for how the public company in the new coming South Africa would have to look. No discrimination whatsoever.”

He added: “The outlook of being together and all being equal, and no discrimination, set the pace and the scene like no other public company had done up to that time. So in that sense, M-Net is the great pioneer that led us into the new South Africa.”

Vosloo repeated a mantra that has defined both Naspers’ risk taking and Bekker’s first-name leadership style: “Of course he was known as Koos, and everybody says Koos Says So.”

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