(Reuters) – Uber Technologies Inc [UBER.UL] Chief Product Officer Jeff Holden is leaving the ride-hailing company, an Uber spokesman told Reuters on Thursday, the latest of more than a dozen senior executives to depart since last year.
FILE PHOTO: The Uber logo is displayed on a screen during the Women In The World Summit in New York City, U.S., April 12, 2018. REUTERS/Brendan McDermid/File Photo
Holden oversaw Uber Elevate, the company’s flying car operation, which is now headed by Eric Allison, the spokesman said, but declined to elaborate on the reason for his departure.
New Chief Executive Officer Dara Khosrowshahi has been shaking up the company since taking over Last August aiming to improve Uber’s reputation after a string of scandals.
Uber, along with Lyft Inc, scrapped mandatory arbitration to settle sexual harassment or assault claims earlier this week, giving victims several options to pursue their claims including public lawsuits.
Uber also launched a new app for its drivers last month, in an effort to improve an often contentious relationship.
Uber’s chief legal officer, Salle Yoo, and head of external affairs Dave Clark left the company in September.
Uber is also searching for a chief financial officer who can help take the company public in 2019. The CFO position has been vacant since 2015.
The Wall Street Journal earlier reported that Holden, who was hired by former Uber Chief Executive Officer Travis Kalanick from Groupon Inc (GRPN.O), told colleagues that Thursday was his last day with the company.
Reporting by Kanishka Singh and Abinaya Vijayaraghavan in Bengaluru; Editing by Peter Cooney and Gopakumar Warrier
The company has hired Tom Kellermann, a former executive at Trend Micro, a rival Japanese firm, where he held the same title. Kellermann most recently served as CEO and co-founder of Strategic Cyber Ventures, a cybersecurity-focused venture capital firm based in Washington, D.C., which is backed by Hudson Bay Capital, a New York-based hedge fund.
“I decided I needed to stop armchair quarterbacking and get back into the fight,” Kellermann tells Fortune. He says he had an epiphany while hiking in Boulder, Colo. last summer.
Kellermann, who started in the new role on January 22, says he will remain on at Strategic Cyber Ventures as vice chair of the board. The company has invested millions of dollars in a number of startups, including TrapX, E8 Security, ID DataWeb, and Polarity.
Patrick Morley, Carbon Black’s CEO, said in a statement that Kellermann’s “experience perfectly matches the balance between innovative technology, security, and evangelism that we’re looking for at Carbon Black.”
TOKYO (Reuters) – The chief executive of Japan’s largest bank expects new business opportunities to appear as digital currencies allow collection of data on how people use their money.
While Japan’s big banks have distanced themselves from bitcoin and other existing digital currencies, they are trying to create their own to provide cheaper and easier means of payments and money transfers.
“We would be able to capture kinds of financial behavior that cannot be collected as data in cash transactions,” said Nobuyuki Hirano, CEO of Mitsubishi UFJ Financial Group (MUFG), speaking as chairman of the Japanese Bankers Association at a news conference on Thursday.
“We can use the data to create new value.”
Hirano’s bank is developing its own “MUFG Coin” digital currency using the blockchain technology behind bitcoin.
The bank has been conducting experiments with MUFG Coin among its employees, including using the currency to split restaurant bills with each other over their smartphones.
Unlike bitcoin and other so-called cryptocurrencies, MUFG Coin is tied to Japanese yen, so users can exchange it for yen at the same rate as they bought the digital currency.
MUFG has said it plans to expand the experiment to involve all of its 30,000 domestic employees next year.
Japan’s third-largest lender Mizuho Financial Group is also developing its own digital currency, J Coin, targeting widespread use by 2020.
Reporting by Taiga Uranaka; Editing by David Goodman
Nvidia has staked a big chunk of its future on supplying powerful graphics chips used for artificial intelligence, so it wasn’t a great day for the company when Google announced two weeks ago that it had built its own AI chip for use in its data centers.
Google’s Tensor Processing Unit, or TPU, was built specifically for deep learning, a branch of AI through which software trains itself to get better at deciphering the world around it, so it can recognize objects or understand spoken language, for example.
SAN FRANCISCO — Google is looking to strategically tackle the enterprise cloud market by open sourcing some of its internal technologies, embracing a multiplatform design principle and setting what it thinks are reasonable expectations for what its customers should move into the public cloud. The company hopes to continue making strides in the crowded market, which Amazon dominates, by helping enterprises identify business processes that can rapidly transition to the cloud and deliver the fastest ROI.
Now that companies can store all the data they want in the cloud for as little as $ 0.01 per GB per month, figuring out what to do with it all is a significant challenge, according to Greg DeMichillie, Google Cloud Platform’s (GCP) director of product management, who spoke with CIO.com at the GCP user conference last week. “It’s the needle in the haystack,” DeMichillie says. “Companies are drowning in data that they know, or that they suspect, there’s value in … but they don’t know how to get the value out of it.”