Alphabet Inc.’s Waymo self-driving car group announced a deal with Trov Inc., a venture-backed insurance startup, to provide some reassurance against unexpected events for riders who will be testing its upcoming autonomous shuttle service. The insurance coverage will include several protections for passengers for the duration of each trip including lost property, trip interruption benefits, and medical expense reimbursement. Waymo’s Director of Operations Shaun Stewart said that one of the reasons they chose Trov is that innovative technology needs innovative partners. “Trov is pioneering a cutting-edge approach to insurance that’s ideal for ride-sharing because it’s customized for every trip. As we prepare to launch a commercial
Investors Guide: Investing in AI and AR Stocks is the New Gold
The year is coming to an end and if you were thinking about investing in tech companies – now may be the right time. The bullish market still lasts (eighth years in a row now), and this year was pretty good for investors despite the threats of a nuclear or potential trade war and/or crypto currencies rising . Through the end of November, the S&P 500 Index gained 21%. The Dow Jones Industrial Average was up 25%, and the Nasdaq Composite surged 27%. Big technology companies in the Nasdaq 100 Index, tracked by the popular QQQ ETF, have jumped 32% since January. Take AR for
Google is No More, Meet the Alphabet
‘Corporate restructuring’ is a term reserved typically for downsizing the company, selling or ‘spinning off’ corporate assets etc. However, when it comes to Google, something out of the blue happened – company leaders, Larry Page and Sergey Brin announced the birth of a new company, which will now own Google and all of its subsidiaries, as well as couple other companies. The duo announced the new company, called Alphabet (Alpha-bet meaning ‘the return for investor benchmark’) after the stock market closed. We suspect that the .xyz domain is going to become very popular for ‘follow the leader’ culture in Silicon Valley. As Larry wrote; “We did a lot of things that seemed crazy at