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Jeff Bezos was wrong when he predicted Amazon will be making drone deliveries by 2018

In a "60 Minutes" interview in 2013, Amazon CEO Jeff Bezos showcased his firm's new "octocopter" delivery drones, and predicted they could be operational in five years' time. It's now the end of 2018, and Amazon's delivery drones are yet to appear. To be fair to Bezos, he admitted back in 2013 that there was a lot of work that needed to go into making the drones safe.  Amazon said it still committed to making drone delivery a reality.

Back in 2013, Jeff Bezos predicted that Amazon's drone delivery service would have lift off in five years' time. Fast forward to the end of 2018, and the drones are yet to materialize.


8 key takeaways from Business Insider CEO Henry Blodget's opening IGNITION keynote on 'Better Capitalism'

Business Insider's IGNITION 2018 conference kicked off Monday, featuring two days of programming with the biggest names in business, tech, and media. Business Insider CEO Henry Blodget took the stage to open the conference with remarks on a better model of capitalism and the role businesses should play in the economy. Here are the top takeaways from Blodget's remarks on stage.

Business Insider CEO Henry Blodget kicked off IGNITION 2018 on Monday with remarks on the role of businesses and shareholders in our current economy.

Porsche's North America CEO praises Tesla, says its production volume is 'truly astonishing' (TSLA)

Porsche North America CEO Klaus Zellmer complimented Tesla in an interview with The Los Angeles Times published on Friday, calling the automaker's pricing and production level "astonishing." "If you look at what Tesla has done, if you look at their volume and look at their price level, it’s truly astonishing," Zellmer told The Times. "If you can do that with one brand and a sales network that is not comprised of dealers and a real sales organization, it’s even more astonishing," he added.


Porsche North America CEO Klaus Zellmer complimented

After seeing the iPhone XR in person, I'm not sure if I can recommend it (AAPL)

I recently spent time with both new iPhones that Apple announced this year: the iPhone XS, and iPhone XR. I'm not sure if I can recommend the iPhone XR over the iPhone XS, despite the many similarities and the XR's price advantage — the iPhone XR starts at $749, versus the $999 iPhone XS.  The colors that the iPhone XR comes in aren't very impressive in person, and the display looks downright sunken compared to the brilliant iPhone XS display. If you want an affordable iPhone, buy an iPhone 7. It's only $450 right now.

I was really excited for the iPhone XR. But after spending some time with it, I'm just not sure if I can recommend it, especially at its $750 starting price.

On paper, the iPhone XR seems like the better deal compared to the iPhone XS.

Both phones are powered by the same brains: Apple's new A12 Bionic chip.

Both phones have nearly identical camera systems.

It looks like Apple's next-generation AirPods will launch in 2019 (AAPL)

Apple won't release new wireless-charging enabled AirPods headphones until early next year, according to a prediction from well-known analyst Ming-Chi Kuo. AirPods will get an "all-new" design in 2020, according to the note.  "We believe that there is a greater likelihood of legacy iPhone users buying AirPods than upgrading to new iPhone models," Kuo writes, according to the note from TF International Securities seen by Business Insider. 

It sounds like there won't be next-generation Apple AirPods during the holiday shopping season.

Apple said in 2017 that it was preparing a new version of its wireless earbuds that will support wireless charging, but they haven't been released yet.

50 stunning photos reveal what microkitchens are like in New York and San Francisco

Like the cities themselves, microkitchens in New York and San Francisco can be either dazzling or dreary. The concept has become increasingly popular amid a housing shortage in crowded urban areas. Whether they're coveted or criticized, microkitchens have given rise to many creative solutions for saving space.


As cities become more crowded, and urban real estate becomes less and less affordable, many residents are turning to tiny units as a way to avoid being priced out.

The concept of microliving has its critics and advocates. For some, it’s a creative exercise in adopting a more minimalist lifestyle. For others, it’s a last-stop solution to rising rents in their host city.

I'm blown away by the virtual New York City of 'Spider-Man' on PlayStation 4 — here's how it compares to the real thing

Forget "Sex & the City" — HBO's version of Manhattan never let Carrie swing majestically from the skyscraper rooftops, like some sort of magical bird.

In the recent "Spider-Man" game for the PlayStation 4, you've got free rein to fly across vast swaths of Manhattan's iconic skyline. From Battery Park to North Harlem, the West Side Highway to the FDR Drive, Spidey's able to soar through the air and take in the sights.

What's most impressive isn't just the scale, but how closely that virtual version of Manhattan matches up with the real thing.

See for yourself:

One World Trade Center in "Spider-Man": It's the tallest building in Spider-Man's Manhattan, just like in real life: And here is One World Trade in real life. A slightly different design, but not too different.

What you need to know in advertising today

According to new data from advertising agency Merkle, Amazon has ramped up the number of Google search ads it buys to drive traffic to its website during the holidays this year.

While the jump in ad spend isn't surprising during the advertising-heavy fourth quarter of the year, the timing of Amazon's ad spend is intriguing.

Merkle tracked Amazon's ad spend during Cyber Weekend and found that the e-commerce giant upped its Google search ads "significantly" during the week of Thanksgiving. The agency said that while Amazon usually aggressively floods Google with search ads during Black Friday and Cyber Monday, Amazon's highest ad spend doesn't typically kick in until December.

Click here to read more about Merkle's findings.

In other news:

Chipmakers are rallying after Trump and Xi reach tentative truce on trade war (AMD, NVDA, MCHP, NXPI)

Chipmakers rallied Monday after the US and China reached a 90-day trade truce over the weekend. Trump agreed to postpone new tariffs on Chinese imports and Xi said China would purchase "a not yet agreed upon, but very substantial" amount of US goods and label Fentanyl a controlled substance. If an agreement isn’t reached by 90 days, the current 10% tariffs on $200 billion Chinese imports will jump to 25%, the White House said.  The meeting offered hope for a resolution of trade disputes, especially for the semiconductor industry that relies heavily on the manufacturing steps in multiple geographic regions, an analyst said.

Chipmakers are rallying Monday as investors welcome the tentative truce on the trade war between the US and China.

Amazon is ramping up tests of cashierless stores, a move that could see the futuristic tech launched in Whole Foods

Amazon is testing out its cashierless technology in bigger stores, The Wall Street Journal reports. Amazon's cashierless checkout tech tracks the items that shoppers take from shelves and charges them automatically. The Journal reports Amazon could roll the tech out to Whole Foods.

Amazon is testing out its cashierless checkout technology in bigger stores — with one eye on Whole Foods, according to The Wall Street Journal.

Sources told the Journal that Amazon is testing out the futuristic tech — which tracks and charges for the items shoppers take from the shelves — in Seattle, in a space formatted like a large store.

Amazon's cashierless tech is already in use in brick-and-mortar Amazon Go stores in Seattle, Chicago, and San Francisco.