Paytm cuts losses 20% as digital payments fall

Consumers have not been spending on several use-cases online, apart from getting essential services, as the economy takes a hit due to the Covid-19 lockdown. https://ift.tt/3cAEOdO https://ift.tt/eA8V8J

IT directors plan to protect cloud budgets and consolidate vendors during downturn

A new survey shows technology leaders are relying more than ever on agile and DevOps practices to deliver faster software releases.

Nvidia's GeForce Now loses more titles from developers including Xbox Game Studios and Warner Bros. even as it works to bring in more games ahead of June launch (Nick Statt/The Verge)

Nick Statt / The Verge:
Nvidia's GeForce Now loses more titles from developers including Xbox Game Studios and Warner Bros. even as it works to bring in more games ahead of June launch  —  But it's gaining more Ubisoft titles  —  Nvidia's GeForce Now cloud gaming service is losing access to more titles later this month, the company announced on Monday.

In Covid-19 times, it's tougher to live on credit

Some banks are sharply reducing limits on credit cards & personal loans for certain customers as well as loan ceilings for SMEs https://ift.tt/2VpyFet https://ift.tt/eA8V8J

E-tailers asked to draw up limited list of essentials they want to supply

E-commerce companies are keen to deliver WFH essentials such as routers, chargers, stationery, laptops and tablets as students across the country take online classes https://ift.tt/2RRlqBm https://ift.tt/eA8V8J

Advertising firms seek govt support

AAAI has asked the government to allow treatment of advertising expenses as an investment to encourage larger advertising outlays from companies. https://ift.tt/2RXcD0K https://ift.tt/eA8V8J

Indian engineer develops rapidly producible Covid-19 ventilators

Citadel Research and Solutions has developed cost-effective ventilators that were tested successfully by healthcare professionals on the patients. https://ift.tt/3eJ2oab https://ift.tt/eA8V8J

Apple iPhone SE vs OnePlus 8: 11 things to know before you decide which one to buy

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Sources: Didi Chuxing's bike-sharing unit Qingju raised $150M from SoftBank and Legend Capital in its latest round, while Didi itself invested ~$850M (Yunan Zhang/The Information)

Yunan Zhang / The Information:
Sources: Didi Chuxing's bike-sharing unit Qingju raised $150M from SoftBank and Legend Capital in its latest round, while Didi itself invested ~$850M  —  China's ride-hailing giant Didi Chuxing has raised $150 million from SoftBank and Legend Capital for its bike-sharing unit, Qingju.

SAP names Christian Klein as sole CEO effective April 30, as co-CEO Jennifer Morgan departs; both were named co-CEOs in Oct. after Bill McDermott stepped down (Larry Dignan/ZDNet)

Larry Dignan / ZDNet:
SAP names Christian Klein as sole CEO effective April 30, as co-CEO Jennifer Morgan departs; both were named co-CEOs in Oct. after Bill McDermott stepped down  —  SAP's move to co-CEOs didn't last long as Jennifer Morgan departs and Christian Klein becomes sole CEO.

Internal memo: Kickstarter announced it will likely lay off employees and restructure the business as projects are down ~35% YoY with "no clear sign of rebound" (Ashley Carman/The Verge)

Ashley Carman / The Verge:
Internal memo: Kickstarter announced it will likely lay off employees and restructure the business as projects are down ~35% YoY with “no clear sign of rebound”  —  Talks are starting with the union  —  Kickstarter announced in an internal memo today that it's likely going to lay off employees.

E-comm and online brands delays hiring plans

Additionally, small sellers on these platforms said they are faced with a working capital crunch and the delay would force them to pay partial or no salaries for April. https://ift.tt/2RW8TMZ https://ift.tt/eA8V8J

How digital lenders are bracing for Covid-19 impact

Digi-lenders have started getting in touch with borrowers to understand their situation better. They are mindful of repayment defaults that may crop up in the near- to mid-term https://ift.tt/34TqI4g https://ift.tt/eA8V8J

Grofers furloughs 50-70 employees due to lockdown losses

Employees in the offline sales department were responsible for converting kirana and supermarket outlets into Grofers partner discount stores. https://ift.tt/2VDjNYM https://ift.tt/eA8V8J

Voyage gets the green light to bring robotaxi service to California’s public roads

Voyage has cleared a regulatory hurdle that will allow the company to expand its self-driving service from the private roads of a retirement community in San Jose, Calif. to public roads throughout the rest of the state.

The California Public Utilities Commission issued a permit Monday that gives Voyage permission to transport passengers in its self-driving vehicles on the state’s public roads. The permit, which is part of the state’s Autonomous Vehicle Passenger Service pilot, puts Voyage in a new and growing group of companies seeking to expand beyond traditional AV testing. Aurora, AutoX, Cruise, Pony.ai, Zoox and Waymo have all received permits to participate in the CPUC’s Drivered Autonomous Vehicle Passenger Service Pilot program.

The permit also puts Voyage on a path toward broader commercialization.

The company was operating six autonomous vehicles — always with a human safety driver behind the wheel — in The Villages, a community of more than 4,000 residents in San Jose, Calif. (Those activities have been suspended temporarily under a statewide stay-at-home order prompted by the COVID-19 pandemic.) Voyage also operates in a 40-square-mile, 125,000-resident retirement city in central Florida.

Voyage didn’t need a CPUC permit because the community is made up of private roads, although CEO Oliver Cameron said the company wanted to adhere to state rules regardless of any technicalities. Voyage was also motivated by a grander ambition to transport residents of The Villages to destinations outside of the community.

“We want to bring people to all the things that live outside The Villages, facilities like hospitals and grocery stores,” Voyage CEO Oliver Cameron told TechCrunch in an interview Monday.

Voyage’s strategy was to start with retirement communities — places with specific customer demand and a simpler surrounding environment. The demographic that Voyage serves has an average age of 70. The aim isn’t to change its customer base. Instead, Cameron wants to expand the company’s current operational design domain to give Voyage a bigger reach.

The end goal is for Voyage’s core customers — people Cameron dubs power users — to be able to use the service for everything from heading to a neighbor’s house for dinner to shopping, doctor’s visits and even the airport.

Announcement time! We recently received a CPUC permit granting permission to move CA residents in driverless cars.

We join a tiny group of companies with this permit ( @zoox @Cruise @Waymo @aurora_inno) & can’t wait to get back on the road to serve seniors. We miss you pic.twitter.com/VBPtNQjRI1

— Voyage (@voyage) April 20, 2020

The CPUC authorized in May 2018 two pilot programs for transporting passengers in autonomous vehicles. The first one, called the Drivered Autonomous Vehicle Passenger Service Pilot program, allows companies to operate a ride-hailing service using autonomous vehicles as long as they follow specific rules. Companies are not allowed to charge for rides, a human safety driver must be behind the wheel and certain data must be reported quarterly.

The second CPUC pilot would allow driverless passenger service — although no company has yet to obtain that permit.

Under the permit, Voyage can’t charge for rides. However, there might be some legal wiggle room. Voyage can technically charge for rides within The Villages; in fact, prior to the COVID-19 pandemic-related shutdown, the company had started charging for a ride-hailing service.

Rides outside of The Villages would have to be free, although it’s unclear if the company could charge for mileage or time until the vehicle left the community.

Voyage has aspirations to take this further. The company is also applying for a traditional Transportation Charter Permit, which is required for limousine, bus and other third-party charter services. Cameron said the company had to go through the stringent application process for the CPUC’s Drivered AV permit first.

The CPUC programs shouldn’t be confused with the California Department of Motor Vehicles, which regulates and issues permits for testing autonomous vehicles on public roads — always with a safety driver. There are 65 companies that hold autonomous vehicle testing permits issued by the DMV. Companies that want to participate in the CPUC program must have a testing permit with the DMV.