Google’s car accidents, Sharp’s decline and the bidding war for HERE

This week tech expert Stuart Miles looks at whether a number of
accidents will be a setback for Google’s self-driving cars. He also
talks about Japanese Sharp, which is struggling after years of losses.
Miles also looks at the billion dollar bidding war for Nokia’s mapping
service HERE. According to Google, the company’s self-driving cars
have been involved in 11 accidents. No one has been injured and the
cars did not cause any of the accidents, according to a blog post from
Google director Chris Urmson.
Miles says the incidents will not set back Google’s project, but do
raise a number of questions about liabilities in the event of
accidents. He also predicts that the transition to self-driving cars
will be rather long as people will need time to relinquish control
over their cars.
Shares in Japanese tech firm Sharp tumbled over 30% this week on
reports the company plans to reduce its capital 99% to JPY 100 million
as it wipes away years of losses. Miles says Sharp is one of many
Japanese tech giants, which have failed to adapt and innovate as tech
trends change, and the coming months will be tough for Sharp.
Finally, Miles looks at a bidding war between Über and a consortium of
German car makers for Nokia’s mapping service HERE. Über is according
to the New York Times willling to pay as much as USD 3 billion for
HERE, which used to be called Navteq and was acquired by Nokia for USD
8.1 billion in 2007.