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PepsiCo to buy SodaStream for $3.2 billion – CNET

The deal is designed to advance PepsiCo’s goal of “making more nutritious products while limiting our environmental footprint.”
Source: CNET

Pepsi is buying SodaStream

Pepsi this morning announced its intentions to buy Tel Aviv-based beverage company SodaStream for $3.2 billion. The deal comes as more consumers are turning away from sugary beverages and toward more sustainable, in-home options.

The acquisition, which has been unanimously approved by PepsiCo’s shareholders, comes as the soda company is looking to diversify its portfolio and expand its reach globally. Pepsi products are currently available in retail shops in 45 countries, primarily focused on the U.S., Germany, France and Canada.

Among other things, the deal marks a play for the home market, which has proven elusive for Pepsi, as more and more consumers buy grocery supplies online. “We get to play in a business — home beverages — where we don’t play,” Pepsi CFO Hugh Johnston told CNBC.

There’s also a clear sustainability element to all of this, as consumer focus shifts away from single-use plastics. SodaStream has that going for it — a marked advantage over products like the bygone Keurig Kold.

“PepsiCo and SodaStream are an inspired match,” PepsiCo CEO Indra Nooyi said in a press release. “Daniel and his leadership team have built an extraordinary company that is offering consumers the ability to make great-tasting beverages while reducing the amount of waste generated. That focus is well-aligned with Performance with Purpose, our philosophy of making more nutritious products while limiting our environmental footprint. Together, we can advance our shared vision of a healthier, more-sustainable planet.”

Earlier this month, Nooyi announced plans to step down from her role. Under her watch as Chief Executive, Pepsi has shifted toward healthier options, like Bubly, largely seen as competitor to the popular LaCroix line. The SodaStream deal marks another step toward more health conscious offerings from the company. 

The deal is expected to close by January.


Source: TechCrunch

Here’s how to watch Nvidia’s GeForce event at Gamescom

Today is August 20, and that means Nvidia may showcase its GeForce RTX 20 Series of add-in graphics cards for gamers. We’re sticking with that name rather than the previous GTX 11 Series brand due to today’s date.

The post Here’s how to watch Nvidia’s GeForce event at Gamescom appeared first on Digital Trends.


Source: Digital trends

Saudi Arabia’s sovereign fund eyes investment in Lucid Motors, report says – Roadshow

The fund already has a 5-percent stake in Tesla.
Source: CNET

Get the Essential Phone PH-1 for $224 – CNET

Update: That sold out fast! It’s now showing at $344. Plus: three bonus deals!
Source: CNET

Safety and inspection bot startup Gecko Robotics adds $7 million to the coffers

Gecko Robotics aims to save human lives at our nation’s power plants with its wall-climbing robots. To continue doing so, the startup tells TechCrunch it has just secured $7 million from a cadre of high-profile sources, including Founders Fund, Mark Cuban, The Westly Group, Justin Kan and Y Combinator.

We first reported on the Pittsburgh-based company when co-founder Jake Loosararian came to the TechCrunch TV studios to show off his device for the camera. Back then, Gecko was in the YC Spring 2016 cohort, working with several U.S. power plants and headed toward profitability, according to Loosararian. 

You can see the original interview below:

The type of robots Gecko makes are an important part of ensuring safety in industrial and power plant facilities as they are able to go ahead of humans to check for potential hazards. The robots can climb tanks, boilers, pipelines and other industrial equipment using proprietary magnetic adhesion, ultra-sonics, lasers and a variety of sensors to inspect structural integrity, according to a company release.

While not cheap — the robots run anywhere from $50,000 to $100,000 — they are also obviously a minuscule cost compared to human life.

Gecko robot scaling the wall for a safety inspection at a power plant.

Loosararian also mentioned his technology was faster and more accurate than what is out there at the moment by using machine learning “to solve some of the most difficult problems,” he told TechCrunch.

It’s also a unique enough idea to get the attention from several seasoned investors.

“There has been virtually no innovation in industrial services technology for decades,” Founders Fund partner Trae Stephens told TechCrunch in a statement. “Gecko’s robots massively reduce facility shutdown time while gathering critical performance data and preventing potentially fatal accidents. The demand for what they are building is huge.”

Those interested can see the robots in action in the video below:

Diesel_tank_A from Gecko Robotics, Inc on Vimeo.


Source: TechCrunch

This is not your father's Microsoft – CNET

CEO Satya Nadella knew the culture at the world’s largest software maker needed a fix. Employees and investors are sold. Now he’s got to convince the rest of us.
Source: CNET

Think Rivers Are Dangerous Now? Just Wait

Climate change could increase river flooding damage by as much as 1,000 percent, an ambitious new study finds.
Source: Wired

Watch Nvidia unveil the RTX 2080 live right here

Nvidia is taking advantage of the Gamescom in Germany to hold a press conference about its future graphics processing units. The conference will start at 6 PM in Germany, 12 PM in New York, 9 AM in San Francisco.

Just a week after the company unveiled its new Turing architecture, Nvidia could share more details about the configurations and prices of its upcoming products — the RTX 2080, RTX 2080 Ti, etc.

The name of the conference #BeForeTheGame suggests that Nvidia is going to focus on consumer products and in particular GPUs for gamers. While the GeForce GTX 1080 is still doing fine when it comes to playing demanding games, the company is always working on new generations to push the graphical boundaries of your computer.

According to Next INpact, you can expect two different products this afternoon. The GeForce RTX 2080 is going to feature 2,944 CUDA cores with 8GB of GDDR6. The GeForce RTX 2080 Ti could feature as many as 4,352 CUDA cores with 11GB of GDDR6.

Nvidia already unveiled Quadro RTX models for professional workstations last week. The company is expecting significant performance improvements with this new generation as those GPUs are optimized for ray tracing — the “RT” in RTX stands for ray tracing.

While ray tracing isn’t new, it’s hard to process images using this method with current hardware. The RTX GPUs will have dedicated hardware units for this task in particular.

And maybe it’s going to become easier to buy GPUs now that the cryptocurrency mining craze is slowly fading away.


Source: TechCrunch

Fitbit's Charge 3 Offers a New Take on an Old Tracker

The Charge 3’s build, guts, and software features have changed enough to warrant serious consideration if you’ve been thinking about updating your Fitbit.
Source: Wired

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