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<ul class="summary-list"><li><keyword id="156027" type="CITY" weightage="60" keywordseo="Fort-Lauderdale">Fort Lauderdale</keyword> officials on Tuesday will vote on whether to accept <keyword id="4121539" type="PERSON" weightage="60" keywordseo="the-boring-company">The Boring Company</keyword>'s proposal.</li><li>If accepted, the project would be opened for bids from other tunneling companies.</li><li>Mayor Dean J. Trantalis said the beach-to-city <keyword id="6530890" type="UNKNOWN" weightage="60" keywordseo="tunnel">tunnel</keyword> would be called "The Las Olas Loop."</li></ul>Fort Lauderdale officials on Tuesday will vote on whether to accept a proposal from <a href="https://www.boringcompany.com/">The Boring Company</a> to build a passenger tunnel between the beach and downtown. The "Las Olas Loop" would be the second major project for founder <keyword id="6355315" type="UNKNOWN" weightage="60" keywordseo="elon-musk">Elon Musk</keyword>'s tunneling company. The Florida city said it received a proposal on Wednesday. "Fort Lauderdale would be the first city on the East Coast - and only the second city in the world - to benefit from The Boring Co.'s technology," officials in the tourist destination said in <a href="https://www.fortlauderdale.gov/Home/Components/News/News/5887/16?backlist=%2f">a Thursday statement</a>.If City Commission officials accept the proposal next Tuesday, they'll then open up a competitive bidding process to other tunneling firms. The Boring Company's plans won't be made public until the bidding process ends, the city said. "Called 'The Las Olas Loop,' this represents an innovative and unprecedented approach to addressing traffic congestion and transit needs," Mayor Dean J. Trantalis said on <a href="https://twitter.com/DeanTrantalis/status/1410317226327121921?s=20">Twitter</a> on Wednesday. <div type="image" title="A Tesla vehicle drives into a round tunnel made by The Boring Company in Las Vegas" height="2680" width="4020" msid="84115114" hostid="261"></div>The company's Las Vegas underground <keyword id="34991" type="ORGANIZATION" weightage="100" keywordseo="transportation">transportation</keyword> system launched with <a href="https://www.businessinsider.com/elon-musk-boring-company-las-vegas-loop-tunnel-first-look-2021-4">a press event</a> in April, followed by a public opening in June. The 1.7-mile loop under the Las Vegas Convention Center has three stops. The company said it cost <a href="https://www.boringcompany.com/lvcc">about $47 million</a> to build.Las Vegas city councilors in December <a href="https://www.lasvegasnevada.gov/News/Blog/Detail/the-boring-companys-application-approved">approved an expansion</a> into downtown, with plans to connect to McCarran International Airport. A trip from the Las Vegas strip to the airport could take about seven minutes via a tunnel, according to officials. Officials in Fort Lauderdale said they initially made contact with The Boring Company to talk about "underground alternatives to the construction of a high-rise commuter rail bridge over the New River."They added: "When corporate executives later visited the city, they asked to look at other transportation needs of our city."Miami Mayor Francis Suarez and Musk also <a href="https://www.businessinsider.com/elon-musk-boring-company-tesla-tunnel-under-miami-30-million-2021-2">met in February</a> to discuss a $30 million tunnel under the city. "I think we have a unique opportunity to create a signature project not just for Miami, but for the world," Suarez said at the time.

Proposal by Elon Musk's Boring Company for tunnel in Florida's Fort Lauderdale may be accepted - but other companies would get a chance to bid too

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Karyne Levy/Business InsiderGoogle Cardboard in action.</div></div></div>Good morning! Here's the tech news you need to know to end your week.1. <a href="http://uk.businessinsider.com/uber-raising-21-billion-at-625-billion-valuation-2015-12?op=1">Uber is raising another $2 billion (£1.3 billion) at a $62.5 billion (£41.4 billion) valuation.</a> Tiger Global Management and T. Rowe Price are among the investors that have already closed their investments in this new round.2. <a href="http://uk.businessinsider.com/mark-zuckerberg-explains-giving-away-his-money-2015-12">Mark Zuckerberg has explained why he's not just giving his fortune to established charities.</a> Earlier this week, the Facebook CEO announced that he was going to donate 99% of his fortune, but will do it via an LLC, The Chan Zuckerberg Initiative.3. <a href="http://uk.businessinsider.com/apple-pay-usage-continues-to-drop-2015-12">Apple Pay is showing signs it could be a flop.</a> Use of the contactless payment method may actually be decreasing, according to research firm InfoScout.4. <a href="http://uk.businessinsider.com/anonymous-leaks-the-personal-information-of-over-1000-officials-at-paris-climate-talks-2015-12">Anonymous has leaked the personal details of over 1,000 officials at the Paris climate talks.</a> The breach is allegedly in protest against the arrest of climate activists.5. <a href="http://newsroom.fb.com/news/2015/12/introducing-live-video-and-collages/">Facebook is starting to make its Live Video feature available to all users.</a> It's a live-streaming video feature, similar to the Twitter-owned Periscope app, and was previously only available to a select few.6. <a href="https://googleblog.blogspot.co.uk/2015/12/step-inside-your-photos-with-cardboard.html">Google is launching a new camera app that lets users take virtual reality panorama photos.</a> The photos can be viewed in Google Cardboard, the company's DIY VR headset.7. <a href="http://uk.businessinsider.com/jd-wetherspoon-admits-customer-details-have-been-hacked-2015-12">British pub chain JD Wetherspoon was hacked.</a> More than 600,000 customers could be affected.8. <a href="http://uk.businessinsider.com/lyft-adds-ola-cabs-and-grabtaxi-to-alliance-2015-12">Lyft's global alliance to stop Uber's world domination is growing.</a> The Singapore-based GrabTaxi and India's Ola are joining a partnership between Lyft and Didi Kuaidi.9. <a href="http://uk.businessinsider.com/apple-swift-site-was-leaked-2015-12">Apple accidentally leaked the news that it is open-sourcing its programming source Swyft hours early.</a> It accidentally published the news before all the planned resources were ready online.10. <a href="http://uk.businessinsider.com/new-coldplay-album-wont-be-on-spotify-2015-12">Coldplay's new album won't be available to stream on Spotify.</a> It will only be available on music streaming services which don't offer a free, ad-supported tier - like Apple Music. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/saudi-arabias-makes-worlds-tallest-building-jeddah-tower-2015-12">Saudi Arabia is building the world's tallest building - nearly twice the height of One World Trade Center</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="hpMzk5eTqH8pMBYUZmkTsINysHQBeDL0" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

10 things in tech you need to know today

Welcome to <keyword id="34991" type="UNKNOWN" weightage="60" keywordseo="transportation">Transportation</keyword> &amp; Logistics Briefing, a new morning email providing the latest news, data, and insight on how digital technology is disrupting transportation and delivery, produced by BI Intelligence.<a href="http://www.businessinsider.com/intelligence/top-5-disruptive-trends-shaping-transportation-and-logistics?IR=T&amp;utm_source=businessinsider&amp;utm_medium=content_marketing&amp;utm_term=content_marketing_subscription_text_link_transportation-and-logistics-briefing-gms-first-self-driving-car-model-new-regulatory-guidelines-for-self-driving-cars-thermal-sensors-for-fully-driverless-vehicles-2017-9&amp;utm_content=content_marketing_subscription_text_link&amp;utm_campaign=content_marketing_subscription_link&amp;vertical=transportation">Get the free Top 5 Disruptive Trends Shaping Transportation &amp; Logistics report and start receiving our brand new Transportation &amp; Logistics newsletter.</a>Have feedback? We'd like to hear from you. Write me at: <a href="mailto:jcamhi@businessinsider.com">jcamhi@businessinsider.com</a>.RUMORS SWIRL AROUND NEW INVESTMENTS IN UBER AND LYFT: Last week, multiple media outlets reported ongoing discussions Uber and Lyft are each having with new investors at a pivotal moment in their competition. <ul><li>Japanese tech conglomerate SoftBank, US investment firm Dragoneer, and Chinese ride-hailing giant Didi Chuxing are working on finalizing a major investment in Uber through a new joint venture, Tech Crunch <a href="https://techcrunch.com/2017/09/13/softbank-dragoneer-didi-close-to-finalizing-investment-in-uber/">reported</a>. The group - led by SoftBank - is looking to invest as much as $10 billion into Uber, which would be the largest investment in the ride-hailing company to date. The deal would involve both a direct investment in Uber, and a purchase of shares from existing investors and employees. However, SoftBank is reportedly looking to buy shares from investors and employees at a 30% discount from Uber's most recent valuation of $70 billion, <a href="https://www.wsj.com/articles/uber-shareholders-divided-over-softbanks-investment-offer-1505409810">according to</a> The Wall Street Journal. It's unclear if investors and employees are willing to part with their shares at that discount. Additionally, existing shareholders have reportedly expressed concern that such a discount could devalue Uber as it gears up for an IPO by 2020. SoftBank has already invested in several other ride-hailing firms, including Didi, as well as Ola and Grab, which compete head-to-head with Uber in India and Southeast Asia, respectively.</li><li>Meanwhile, Lyft is reportedly <a href="https://www.axios.com/google-in-talks-to-invest-in-lyft-2485369946.html">in talks</a> with Google's parent company Alphabet to inject a $1 billion investment in the ride-hailing player. The investment negotiations follow the <a href="http://www.businessinsider.com/lyft-moves-into-driverless-cars-with-new-division-and-building-2017-7">announcement</a> earlier this summer that Waymo, Google's self-driving spinoff, would partner with Lyft on developing autonomous technology. Google was also an early investor in Uber, but the two are now in the midst of a drawn-out <a href="http://www.businessinsider.com/r-update-1-ubers-bid-to-move-waymo-court-fight-to-arbitration-denied-by-appeals-court-2017-9">legal battle</a>. </li></ul>Uber's recent scandals and leadership troubles have given Lyft's business a significant boost in recent months. Uber's share of the US ride-hailing market fell from 84% at the beginning of this year to 77% at the end of May, <a href="https://www.ft.com/content/b4fb76a6-52dd-11e7-bfb8-997009366969">according to</a> Second Measure, which analyzes anonymized credit card data. Meanwhile, Lyft booked more total rides in the first half of this year than in all of last year. It also grew its gross bookings by 25% sequentially in Q2, compared to Uber's 17% growth in the quarter.New funding could help Uber achieve its twin goals of both defending market share and cutting its losses, while Lyft could use a cash injection to press its advantage. The two companies have relied heavily on providing discounts and incentives to attract new riders and drivers, resulting in steep operating losses for both. Uber needs to improve its balance to steer towards a potential IPO, but cutting back on new user discounts could stall growth and further Lyft's momentum. Extra cash could provide a cushion, allowing it to continue attracting new users while it fills out its rather <a href="http://www.businessinsider.com/uber-travis-kalanick-resignation-leadership-2017-6">empty</a> c-suite and formulates a strategy for long-term financial health. Lyft, meanwhile, could use new cash to expand geographically and put Uber on the defensive in more markets outside the US. Media outlets reported on Friday that Lyft plans to <a href="http://fortune.com/2017/09/14/lyft-canada-expansion/">enter</a> Canada by the end of this year, and is <a href="https://www.cnet.com/news/lyft-said-to-be-eyeing-international-expansion/?ftag=COS-05-10aaa0b&amp;linkId=42255887">exploring</a> other markets, including Australia and the UK.<div class="KonaFilter image-container display-table click-to-enlarge"><div><div class="image on-image"><a title_source="BI Intelligence" title_caption="" class="zoomin" href="https://static-ssl.businessinsider.com/image/59bc1e7038d20d2a008b6cc6-960/uber lyft rides updated logo.png"></a>BI Intelligence</div></div></div>AUTOLIV'S STRATEGY FOR THE ELECTRIC AND AUTONOMOUS AGE: Auto parts supplier Autoliv is mulling separating its electric and self-driving technology and its core safety businesses into two separate, standalone companies, according to <a href="https://www.wsj.com/articles/autoliv-considers-split-into-two-listed-companies-1505384846?mod=djemlogistics">The Wall Street Journal</a>. The firm's core safety business manufacturers parts such as seat belts and airbags, while its electric and self-driving technology arm makes radar and positioning systems for self-driving cars. The Swedish company supplies parts and components to some of the world's largest automakers, including Volkswagen and Ford. Company executives say the split would leave both groups well-positioned to maximize their revenue potential. CEO Jan Carlson argued that the move would allow the firm's electric and autonomous driving business to innovate and continue to improve its offerings without stealing too many resources from its core safety business. Further, having a business dedicated to electric and self-driving technologies might help the firm to attract top engineers and developers so it can out-innovate, and pull ahead of, competitors.That'll be valuable as growth in the electric and self-driving car market outpaces Autoliv's core safety parts market in the coming years. While industry experts <a href="https://poseidon01.ssrn.com/delivery.php?ID=25510008108711508212011212301501002301603906003901008710011509807006808902910106502201911710306100803002711211601810210409506404307507805105400500311002410309012010500307901608700808802410002212209300111">expect</a> individual car ownership to decline in the coming decades, which would cause car sales to plummet and dent Autoliv's core business, automakers are increasingly adding electric and semi-autonomous vehicles to their lineups. That trend that will only accelerate in the next few years - the head of the German automakers' lobby said last week that automakers and suppliers alone will devote about $47.6 billion for electric vehicles through 2020, and BI Intelligence forecasts that 2.4 million fully autonomous cars will be on US roads in 2025. A standalone company specifically devoted to building these technologies could allow Autoliv to capitalize on this forthcoming growth.That could also push other large auto suppliers to follow Autoliv's lead. Many other legacy automotive suppliers - including Bosch, Delphi, and Magna International - are also building technologies for electric and autonomous cars while also remaining committed to building the core legacy components that they've supplied for decades. If Autoliv indeed splits up its business and it proves to be valuable, that could prompt some of these other players to mimic the company's move.Enjoy reading this briefing? <a href="http://www.businessinsider.com/intelligence/transportation-and-logistics-briefing" target="_blank" rel="noopener noreferrer">Sign up and receive Transportation &amp; Logistics Briefing to your inbox.</a>THE BIGGEST CHALLENGE TO USING DRONES AT CONSTRUCTION SITES: Construction has been one of the foremost industries in adopting commercial drones, with the sector making up a significant <a href="http://www.constructiondive.com/news/construction-drone-use-taking-off-as-industry-scores-40-of-all-faa-exempti/417421/">portion</a> of commercial drone exemptions granted by the FAA. Drones have helped make construction sites safer by automating dangerous safety inspections, while also delivering real-time imaging that helps managers track a site's progress.Hensel Phelps, one of the largest construction management companies in the US, has used drones to improve safety and measure progress at several of its construction projects. The company has been using drones for nearly four years to survey its sites and perform safety inspections. Using drones has cut the time it takes to perform safety inspections at Hensel's sites from a week down to a matter of hours. It also takes away much of the risk of a worker getting injured in an accident while performing an inspection, which can be a dangerous task requiring inspectors to climb high scaffolding.However, regulatory requirements have posed a major challenge from the start, Richard Lopez, a virtual design and construction manager who leads Hensel Phelps' drone program, told BI Intelligence. Putting drones to use at Hensel's sites required gaining pilot certifications and <a href="https://www.faa.gov/uas/beyond_the_basics/section_333/">Section 333</a> exemptions from the FAA. It also required documenting every detail of every drone flight - including flight path, altitude, and duration - in order to show regulators that Hensel Phelps' drones were operating in full compliance with current regulations. The company partnered with Skyward, a commercial drone software and services provider acquired by Verizon earlier this year, to help plan and document all of its drone sorties. This has been vital to Hensel's drone operations - Lopez says the drone program probably would not have won approval without Skyward's tools for logging all of its drone flights.Despite proper licensing and all of the documentation Hensel and Skyward collect, compliance can still be a time-consuming and frustrating task, Lopez says. Many of Hensel's projects take place in controlled airspace. Getting permission to fly a drone around such projects can take up to 120 days, despite FAA <a href="https://www.uaslawblog.com/2015/03/10/faa-streamlines-coa-process-for-section-333-exemptions/">efforts</a> to streamline its approval processes, he reports. Additionally, Lopez says Hensel could derive more benefits from doing more drone flights during the day, but has to limit its flights to before work crews arrive for the day, or after they leave. That's because companies can't fly commercial drones over people under current regulations. While companies hope that the FAA will resolve some of these issues in updated commercial drone regulations the FAA is scheduled to release next year. However, there are growing concerns that the updates may not arrive on schedule, or may not address some of these issues, because of the intervention of law enforcement agencies.In other news…<ul><li>Renault-Nissan <a href="https://www.alliance-2022.com/news/alliance-2022-announcement/">announced</a> it will roll out 12 electric cars, 40 cars with autonomous driving technologies, and intends to become a global leader in ride-hailing services powered by autonomous cars by 2022. The company previously <a href="https://redirect.viglink.com/?format=go&amp;jsonp=vglnk_150549555939112&amp;key=5571228bb04e008b467a126d6af6bf81&amp;libId=j7m11tvn01011kx5000DAav8lkr0w&amp;loc=https%3A%2F%2Fwww.cnet.com%2Froadshow%2Fnews%2Frenault-nissan-to-start-autonomous-car-sharing-service-">said</a> it plans to launch a ride-hailing service rather than partner with an existing service, which is likely why it <a href="https://techcrunch.com/2017/01/12/karhoo-rides-again-nissanrenault-buys-failed-on-demand-ride-startup/">bought</a> the assets of failed ride-hailing startup Karhoo earlier this year. It's worth noting that these plans <a href="http://www.businessinsider.com/companies-making-driverless-cars-by-2020-2017-1/#volvo-is-aiming-to-make-its-cars-deathproof-by-2020-by-rolling-out-semi-autonomous-features-in-its-cars-eventually-working-up-to-fully-driverless-ones-6">are slightly behind</a> many other automakers' - Audi, Daimler, and Honda all plan on bringing at least partially self-driving cars to market in 2020, while Tesla may <a href="https://www.tesla.com/blog/all-tesla-cars-being-produced-now-have-full-self-driving-hardware">issue</a> an over-the-air update to make many of its cars fully autonomous as soon as next year.</li><li>Alphabet has spent more than $1.1 billion on self-driving car technologies since it started working on the technologies in 2009, according to <a href="https://spectrum.ieee.org/cars-that-think/transportation/self-driving/waymo-vs-uber-8-things-i-learned-from-anthony-levandowski-taking-the-5th">court documents</a> filed in its lawsuit against ride-hailing giant Uber. This has vaulted the company's self-driving car project, now a standalone company known as Waymo, ahead of many automakers and arch rival Uber in terms of technological progress. This sheds light on just how expensive it is to build a self-driving system, a potential barrier to startups without the cash to spend that are eyeing the space.</li><li>Mitsubishi is bringing its Fuso eCanter electric delivery trucks to the US for the first time, according to <a href="https://techcrunch.com/2017/09/14/daimlers-electric-short-haul-city-trucks-are-coming-to-the-u-s/">Engadget</a>. The Daimler-owned company will first lease the trucks to UPS and a handful of non-profits in New York City, but plans on making them available to other companies later this year. The trucks can handle a payload of up to 10,000 pounds, but can only travel for 60 miles on a single charge - which makes them ill-suited for long haul trucking, and likely too large for last-mile deliveries. Instead, the trucks are designed for inter-city deliveries of heavy goods, such as between a storage facility and a distribution center. Such local and short-haul trips make up the <a href="https://www.rita.dot.gov/bts/programs/freight_transportation/html/length_of_haul.html">majority</a> of the US trucking industry.</li></ul><div id="categorypromo"><h2><a href="http://www.businessinsider.com/intelligence/top-5-disruptive-trends-shaping-transportation-and-logistics">Click here to receive a FREE download of The Top 5 Disruptive Trends Shaping Transportation and Logistics from BI Intelligence, Business Insider's premium research service.</a></h2></div>

TRANSPORTATION AND LOGISTICS BRIEFING: Uber and Lyft in talks with new investors - Autoliv to break off tech business - Barriers to drone adoption in construction

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Proposal by Elon Musk's Boring Company for tunnel in Florida's Fort Lauderdale may be accepted - but other companies would get a chance to bid too

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10 things in tech you need to know today

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TRANSPORTATION AND LOGISTICS BRIEFING: Uber and Lyft in talks with new investors - Autoliv to break off tech business - Barriers to drone adoption in construction

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