Bloomberg Baidu Inc.’s making a concerted effort to catch up in the driverless car race. The search giant showcased its “Apollo” self-driving technology in Beijing, unveiling a partnership with Hongqi — the “Red Flag” brand created to serve late Communist leader Mao Zedong — to develop a near-full autonomous vehicle in 2019. It’s also inked a deal to install the ...

Bloomberg Did Bill Ackman, John Overdeck and David Siegel give a bunch of money to get kids building robots, only to see those kids displaced by machines when they grow up? At a benefit for FIRST, the science and technology nonprofit they’ve supported, the answer was a resounding no, and it came from an authoritative source, Jeff Bezos, the guy ...

Bloomberg Regulators have proposed a softer oversight regime that dials back rules for US banks considered unlikely to pose a threat to the financial system — a step meant to limit the toughest demands only to largest lenders. Responding to legislation that called on federal agencies to ease compliance burdens for non-Wall Street banks, Federal Reserve governors voted on a ...