How Tiger Global fell to earth | Cherish your Uber drivers. Soon they will be robots | India's moon rover completes its walk, scientists analyzing data looking for signs of frozen water.

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You Might Like � � � You Might Like � � � � � � � � � Don't like ads? Go ad-free with TradeBriefs Premium How Tiger Global fell to earth - Fortune    On Oct. 3, 2022, three days after the memorial service for legendary investor Julian Robertson, hedge fund and venture capital firm Tiger Global issued a letter to investors, lamenting the death of the man it described as the hedge fund’s “number one fan.” It was Robertson who had mentored Chase Coleman III as an analyst, then wrote Coleman the $25 million seed check he used to start Tiger Global when he was 25 years old. It was Robertson who introduced Coleman to some of the firm’s first limited partners, then provided him office space for Tiger Global’s first 13 years of operation. And it was Robertson’s investment approach of “catching the next big wave, not riding the ripples” or maintaining a “contrarian bias,” according to the letter sent Oct. 3, 2022, that would inspire and shape Tiger Global’s very own investment philosophy for 22 years.  “Through his example, we learned how to persevere through adversity and come out stronger on the other side,” reads the letter, seen by Fortune. Continued here Cherish your Uber drivers. Soon they will be robots - The Economist    Like ChatGPT, self-driving vehicles are one of those marvels of artificial intelligence (AI) that make you pinch yourself when you encounter them because they seem so strange, and then pinch yourself afterwards because they become so familiar. The strangeness is quirky rather than scary. The robotaxi arrives at the tap of an app, with your initials quaintly lit up on the laser cone on the roof. You wave at it to stop, but there’s no driver with whom to make eye contact, so you run up the hill in hot pursuit until it finds a safe spot. Get in and a disembodied voice advises you that though the experience may be “futuristic”, you still have to buckle up. Then the steering wheel gently turns itself, and at a speed steady enough that you can use your laptop without feeling sick, you set off on a journey up the foothills of the AI revolution. This part of the revolution is not yet on the breakneck scale of ChatGPT. Self-driving cars are AI in the physical rather than digital realm, and though it is annoying when chatbots “hallucinate”, any mischief-making by a robotaxi could be fatal. That is why safety, not speed, is paramount. Yet once you become accustomed to the experience, it is easy to imagine a future where more of life is spent in self-driving taxis; where commuters can work, watch videos or snooze while stuck in traffic; where tourists can sight-see without having to speak a foreign language; where lovers can escape the prying eyes of a driver. The questions are: how far away is that future, and what is the cost? An immediate answer to the first question is that there are no signs of it yet in the drug-ravaged dystopia of San Francisco’s city centre. Schumpeter arrived there after taking a train from the airport. He tried to call a Waymo, but it is an area where robotaxis still fear to tread. He had to hail an Uber to reach Waymo territory. That is telling. After years of testing, Waymo (owned by Alphabet) and its rival Cruise (majority owned by General Motors) got the go-ahead from California’s regulators in August to sell driverless taxi rides across the city 24 hours a day. But they still lack permits to serve the airport, indicating how cautious supervisors remain. Both firms operate in parts of Arizona, and are expanding into more American cities. But the staggered San Francisco roll-out suggests self-driving taxis will not become ubiquitous with anything like the speed that Ubers or electric scooters did in the 2010s. Continued here India's moon rover completes its walk, scientists analyzing data looking for signs of frozen water. -     India's moon rover has completed its walk on the lunar surface and been put into sleep mode less than two weeks after its historic landing near the lunar south pole, India's space mission said. "The rover completes its assignments. It is now safely parked and set into sleep mode," with daylight on that part of the moon coming to an end, the Indian Space Research Organization said in a statement late Saturday. The rover's payloads are turned off and the data it collected has been transmitted to the Earth via the lander, the statement said. Continued here

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