Autonomous Vehicles To Drive Nvidia Revenues – NVIDIA Corporation (NASDAQ:NVDA)

Price Target: $210.35 – Discount: 8.10% Consensus Outlook

Nvidia (NASDAQ:NVDA) has seen revenue growth of almost 38%. Wall Street expects almost 30% revenue growth in 2018, stemming almost entirely from GPU sales.


Autonomous car producers are rapidly adopting Nvidia’s DRIVE PX AI automotive platform. Here is our forecast for Nvidia automotive sales.

Catalyst – Autonomous Vehicles (Artificial Intelligence)

  • By 2025, we estimate that Nvidia will have an $8 billion opportunity as there will be approximately 25 million cars using Nvidia AI technology, 5 million of those being fully autonomous.
  • New partnerships for the DRIVE PX AI platform show the advancements of over 225 car and truck makers using the Nvidia system, which will only grow as autonomous driving leads us into the future. Such partnerships include Audi (OTCPK:AUDVF), Mercedes-Benz, Toyota (NYSE:TM), Volvo (OTCPK:VOLAF), Bosch (OTC:BSWQY), Baidu (NASDAQ:BIDU), and many others.
  • Autonomous technology falls into four phases (shown in Figure 2), the last phase being fully autonomous vehicles with no driver needed. We are currently in phase 2 of autonomous adoption with limited driver operation. Nvidia is showcasing the 2019 Audi A8 as the first car to use its phase 3 complete autonomous technology.
  • Nvidia CEO Jen-Hsun Huang expects phase 4 autonomous cars to begin showing up on roads by 2021. Currently, several cities in the United States beta test self-driving vehicles. By 2019, Huang says these cars will serve commercial purposes (such as Uber services).
  • The extensive partnerships that Nvidia has with automakers mitigate the risk of competition. Nvidia works with each automaker to tailor chips to their needs. We believe that Nvidia will become an industry standard in the automotive sector as automakers incorporate Nvidia technology into all of their models, high and low-end.

The figure below shows the growth in automotive revenue for Nvidia 52% from 2016 to 2017. As mentioned above, this figure also shows the growth in the number of automakers using DRIVE PX (currently, over 225 automakers).

creen Shot 2017-08-16 at 10.05.35 PM.pngSource: Nvidia’s Investor Presentation

The following figure shows the timeline for adoption of autonomous technology and advancement. Separated into four phases. Currently, in phase 2 (2015-2019), drivers must provide some input while driving. Phase 3 technology (2018-2022) requires a human to be present but should not have to interfere with driving. Nvidia is in pursuit of phase 4 technology which requires no human presence.

utonomous car.pngDiscounted Cash Flow Valuation

Our DCF Model uses:

  • 2.17% for the 10-year U.S. Treasury risk-free rate of return
  • A 9.50% market risk premium
  • A forecast of sales growth for the next nine years
  • A perpetual growth of 3% in year 15
  • A 1.40 Beta for Nvidia Corporation

Given recent demand for Nvidia products, we believe the company can easily attain consensus estimates of 8.94 billion in sales for 2018. Our model presumes 30% growth, or 8.98 billion in sales, for fiscal 2018. The excess growth in our estimate over the consensus stems from an approximate 48 basis point contribution from Nvidia’s automotive segment. We estimate sales growth to remain 30% for 2019, with declining growth rates until 2032.

Management disclosed that it has high hopes for Nvidia’s automotive sales but intends to focus resources on the development of automotive technology until 2019. CEO Jen-Hsun Huang forecasts that autonomous vehicles will start serving commercial purposes in 2019 and will become commonplace by 2021. Until then, Nvidia will be working to make sure these vehicles will come equipped with its technology.

  • We forecast automotive sales to grow at an average CAGR of 39.75% for the next 15 years.
  • In 2028, we forecast that automotive revenue will contribute 24.83% of Nvidia’s entire sales.

Gross margin expanded almost 20% in the last six years; our model presumes gross margin will expand 80 basis points to 59.6% in 2018. This figure is 50 basis points ahead of management’s estimate. It will expand 50 basis points subsequently until 2022; from then on, it will remain at 61.6%.

We expect operating margin to expand 190 basis points in 2018 to 29.79%. Afterwards, we expect operating margin to expand 50 basis points each year until 2022; from then on, it will remain at 31.79%.

The lower beta reflects how much growth is expected from Nvidia in the future. If you were to run a regression, you may find beta anywhere from 1.7 to 2.2, depending on the time horizon.

Shares of Nvidia trade for $197.75, an 8.10% discount according to our model.

*To see our model, click here to download (this sheet uses the closing price of 9/21/17).


Nvidia is generating more return on its capital than the cost of acquiring the capital.

*shares in millions

Porter’s Five Forces

Competition with Nvidia (High Force):

Nvidia faces high pressure on selling price reductions due to foreign companies that can compete at reduced costs. Nvidia heavily relies on its patents and licensing agreements to protect its intellectual property, and product imitation can be found in companies outside the U.S. Intellectual property is not protected in Asia as it may in the U.S, affecting the bottom line of the business.

Threat of New Entrants (Low Force):

The threat of new entrants to Nvidia is low due to the number of patented products by the company. If new entrants introduce new products to the market, this can adversely affect market share for the company, but this will most likely occur with bigger companies already established in the market. Financial resources required to start up poses as a barrier to entry.

Threat of Substitutes (Moderate Force):

Although switching costs are low for the individual final customer of most consumer goods in which Nvidia’s products are embedded, engineering, and technology integration costs (as well as quality and performance risks) might be high for Nvidia’s OEM customers. The company stated in its 10-K, “customers typically introduce new system configurations as often as twice per year, typically based on spring and fall design cycles or in connection with trade shows”. If Nvidia’s OEM, ODM, and AIB products are not up to par with features, configurations, and or functionalities, customers will not purchase Nvidia’s products until the next season.

As most competitors invest in high levels of research and development, a major risk of substitutes might come from product enhancement, new technological advancements protected by patents, and/or service offerings. This is even more impactful with competitors who operate and maintain their own fabrication facilities and have longer operating histories, greater name recognition, larger customer bases, and greater financial, sales, marketing, and distribution resources.

Bargaining Power of Nvidia’s Customers (Moderate Force):

Concentrated large orders from a limited number of clients increase buyers’ bargain power and represent a risk for Nvidia’s revenues due to order cancellations, price pressures, or major customers switching to competitors. Also, revenue from sales to customers outside of the United States and other Americas accounted for 80%, 79%, and 75% of total revenue for fiscal years 2017, 2016, and 2015. If customers outside the U.S decide to leave Nvidia for a foreign competitors’ product, this can dampen company profits.

Bargaining Power of Nvidia’s Suppliers (Moderate Force):

Suppliers of general purpose circuits and components are more susceptible to competition on price and are most likely to have low switching costs and consequently lower bargain power. Nvidia’s distinct product components, though, might be protected by patents held by their suppliers, increasing their bargain power.

Nvidia utilizes industry-leading suppliers, such as Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) and Samsung Electronics Co. Ltd. (OTC:SSNLF) to produce its semiconductor wafers. It also utilizes independent subcontractors, such as Advanced Semiconductor Engineering, Inc. (NYSE:ASX), BYD Auto Co. Ltd., Hon Hai Precision Industry Co., Ltd. (OTCPK:HNHAF), JSI Logistics Ltd., King Yuan Electronics Co., Ltd., and Siliconware Precision Industries Company Ltd. (NASDAQ:SPIL) to perform assembly, testing, and packaging of most of its products and platforms.


Nvidia’s P/E ratio is trading at 46.78x, the highest amongst its peers. Investors should be careful as expectations for earnings are steep, risks of Nvidia missing earnings is possible and can result in a price drop.

Nvidia’s market is always evolving, which requires constant innovation. Identifying new products, services, or technologies, in order to successfully compete in target markets is essential. Nvidia’s revenues are extremely sensitive to this matter.

If Nvidia’s products fail to achieve expected manufacturing yields by OEM customers, financial results can be impacted.

The renewal of the Intel’s (NASDAQ:INTC) licensing revenues may adversely affect financial results:

  • In January 2011, Nvidia entered into a patent cross-licensing agreement under which Intel agreed to pay Nvidia an aggregate of $1.50 billion over six years. This allowed Intel to use Nvidia’s GPU intellectual property in its own homemade iGPUs. The final $200 million payment under this agreement was received on January 2016. According to Nvidia’s 10-K, it will be “recognizing revenue under this agreement through the first quarter of fiscal year 2018”. Risks lie on the renewal of this licensing agreement, as it could affect income and financial results.

*I co-authored this article with my colleagues at Precision Asset Management (PAM) of Mihaylo College of Business and Economics: Elad Fedida, Cody Swan, Alia Leiyn, and James Dabbah.

Disclosure: I am/we are long NVDA.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

You can preserve $250 on the Moto Z2 Drive at T-Cellular appropriate now

Correct now, you can head more than to a T-Cellular retail outlet and get a 2017 flagship for only $500. The Moto Z2 Drive is now discounted $250 from its foundation value of $750. Not only that, but you can even now dollars on the free Insta-Share Projector Moto Mod provide as well. The mobile phone is discounted appropriate now so you don’t need to get worried about purchasing it at entire value and waiting around on a rebate of any variety. At times T-Cellular will make you include a line to get a particular value, but that isn’t the circumstance right here both. Just walk in and get 1 for $500.

This is seriously a wonderful offer on a mobile phone that only came out in July. As a reminder, the Moto Z2 Drive attributes ShatterShield which ensures the display screen will under no circumstances crack or shatter on you. In addition to that, the Z2 Drive can include Moto Mods on the again of the gadget to improve the features. There are a ton out there but some of our favorites consist of the JBL Soundboost 2, InstaShare projector, and Incipio Motor vehicle Vehicle Dock (which is great for employing Android Car).

The rest of the specs will remind you of most 2017 flagships. A Qualcomm Snapdragon 835 processor, 4 GB of RAM, 64GB of storage, microSD card assistance, twin-12 MP cameras and Android 7. Nougat all come normal. In our evaluation, we cherished the stable unibody design and style, fast efficiency, and stock-like Android encounter.

We don’t have correct information on when this offer will end, but we do know you have to act by Friday, September 29 to get your free InstaShare projector. Are you heading to pounce on this offer? Enable us know in the opinions if this value drop is adequate or if you are going to adhere to your existing gadget for a minimal bit for a longer time.

2018 BMW 640i xDrive Gran Turismo First Drive

Throughout its history, the BMW 6 Series name has defined long, shark-nosed coupes built for long-distance driving in comfort. That’s changed in recent years with the introduction of the 6 Series convertible and the 6 Series Gran Coupe four-door. And this year it changes further with the introduction of the latest 6 Series — a four-door hatchback.

The 2018 BMW 6 Series Gran Turismo bears little resemblance to the other 6 Series models, and that’s because it’s actually the successor to last year’s 5 Series Gran Turismo.

2018 BMW 640i xDrive Gran Turismo

A Hatchback by Any Other Name
In BMW nomenclature, Gran Turismo denotes a car with four doors and a swoopy hatchback rear end. The design provides additional interior space and cargo volume, so it’s becoming more popular elsewhere in the industry as a middle ground between sedan and SUV. When viewed in profile, you might see traces of everything from the Tesla Model X to the new Honda Accord.

Aside from the name change, the new Gran Turismo has a sleeker nose that’s sharpened in part by its standard LED headlights. It’s a little longer and lower, adjustments that help smooth out the awkward proportions of the previous model. More importantly, it trades the complicated and heavy two-mode hatchback of the 5 Series GT for one that opens in a more traditional manner. This change, and others like it, help the 6 Series Gran Turismo trim some weight compared to the 5 Series GT, which aids both its performance and efficiency.

2018 BMW 640i xDrive Gran Turismo

The Only Way You Can Get It
Only one trim will be available at launch, the 640i xDrive. It comes with a turbocharged 3.0-liter inline six-cylinder engine and an eight-speed automatic transmission that sends power to all four wheels. The setup is fortified with technology that uses information from the navigation system to prepare the transmission and engine for sharp turns, stops, or anything else that might require a downshift to smooth things out.

With 335 horsepower and 332 pound-feet of torque, the 640i accelerates effortlessly and quietly while the transmission makes near-imperceptible shifts. An array of drive modes can stiffen the suspension until you feel each bump in the road or make the steering wheel increasingly difficult to turn in the name of sportiness. Back it off to the default Comfort setting and the optional air suspension keeps things compliant, lowering the car at speed to improve airflow. This is the setting where the 640i performs best as it glides along smoothly and quietly with minimal driver effort.

The 12.3-inch digital gauge cluster changes appearance depending on the drive mode, but it remains clear and easy to read no matter the setting. An informative and customizable head-up display is optional, but it disappears if you happen to wear polarized sunglasses.

2018 BMW 640i xDrive Gran Turismo

Department of the Interior
As with all hatchbacks, the Gran Turismo’s advantages over a traditional sedan are its rear headroom and cargo capacity. Big doors and frameless windows make for a welcome entry into an interior that feels massive, even with the standard sunroof. Occupants of all heights and sizes will find comfort inside. There’s even enough space for rear passengers to cross their legs.

Front passengers can enjoy the optional Luxury Seating package that adds soft, 20-way-adjustable front seats with heating, ventilation and massage. Rear passengers can find comfort in the optional power-reclining seatbacks and pillowlike headrests that conspire to make the backseat more desirable than the front.

As for cargo space, there’s 31 cubic feet available with the 40/20/40-split rear seats up. Fold those seatbacks and the space opens up to 65 cubic feet. The two cargo cover shades move out of the way easily for loading, and you can store them in a conveniently located slot under the floor.

2018 BMW 640i xDrive Gran Turismo

Connect the Dots
Wireless charging and a mobile Wi-Fi hotspot are standard, and front occupants have access to two USB ports. Apple CarPlay is a $300 option and can be accessed wirelessly, a boon for iPhone owners with wireless charging capability. Alas, Android Auto is not supported. BMW’s ConnectedDrive suite of features is standard and approximates the experience of these two systems, provided you use the apps it supports.

Standard safety equipment includes blind-spot monitoring, lane departure warning, daytime pedestrian detection, forward collision mitigation, speed limit info, rear cross-traffic alert, a backup camera and proximity sensors. If that’s not enough, there’s the Parking Assistant package that includes a sophisticated exterior camera system, parking sensors, and automatic perpendicular and parallel parking for when you simply want the computer to take over.

The next step up is the optional Remote Control Parking, which, as the name implies, can park your car without you in it. This option includes what BMW calls the Display Key, which is a traditional key fob with an actual information display screen. The key shows you whether your car is locked and how much fuel is left in the tank. We’re eager to play with the remote parking feature, but in our experience in other BMWs, the Display Key’s absence of a key ring hole and the need for charging are annoyances that undermine the coolness of the technology.

Aside from those minor issues, our first experience with the 6 Series Gran Turismo shows it will capably satisfy those looking for an ultra-luxurious yet utilitarian midsize hatchback that starts at just over $70,000. It’s a small niche, but this BMW has it covered.

2018 BMW 640i xDrive Gran Turismo

Internet of Things adoption will drive GPU investments

Nvidia CEO Jensen Huang

With the world around us becoming smarter and generating more data each day, there is an increasing need for greater computational power in terms of both CPU and GPU capabilities.

At the company’s GTC Europe event in Munich this week, Nvidia CEO Jensen Huang hailed the effect that advances in GPU computing are having not just across the technology industry, but the world as a whole.

“Just about every modern scientific instrument has a GPU in the back — because every form of measurement or detection we know, whether we’re doing it at astronomic or atomic level, requires computational power,” Huang said in his keynote address.

Huang noted that the 2017 winners of the Nobel Prize for Chemistry and Physics both relied heavily on the company’s GPU hardware to make amazing breakthroughs, with the former celebrated for taking detailed pictures of molecules at an atomic level, and the latter triumphing for proving Einstein’s theory that gravity comes in waves.

“We’re solving the unsolvable,” Huang noted, “enabling breakthroughs is the ultimate purpose for our company.”

Nvidia’s GPUs enjoy a near-monopoly across the world, with the company streaking ahead in terms of power and client base. But this does not mean that the firm is content to rest on its laurels.

Huang noted that there are two “fundamental forces” shaping the technology industry right now — the end of Moore’s Law, brought about by huge advances in hardware development, and what he called, “the big bang of deep learning.”

Nvidia has massively benefitting from these two forces coming together to “turbocharge the adoption of GPU computing,” Huang noted, adding that “no company of our scale and size has ever dedicated itself to one field of science.”

“Because we do computing in a fundamentally different way,” he continued, “and because we optimize each and every application with a specialized function… we’ve been able to accelerate applications far faster than Moore’s Law.”

“People are solving the questions that for a long time, we thought were impossible to solve,” Huang concluded, noting that the explosion of IoT devices is only set to push GPU investment and development further forward in the coming months and years.

“Our strategy is, with all of our might, push forward the development of better, smarter, more complex AIs — faster.”

Published under license from, a Future plc Publication. All rights reserved.

Nvidia’s Drive PX Pegasus Is A Royal Flush For Self-Driving Cars – NVIDIA Corporation (NASDAQ:NVDA)

The Auto segment of Nvidia (NVDA) is the smallest contributor in terms of quarterly revenue. It only contributed $142 million in Q2 FY18. The Auto segment can probably see a big spurt in growth when Nvidia starts shipping its Drive PX Pegasus next year. Drive PX Pegasus is Nvidia’s ambitious license-plate-sized in-vehicle datacenter-level processor intended for level 5 (or fully autonomous) robotaxis. There are now 25++ companies developing Nvidia Drive PX-based robotaxis.(Source: NVIDIA)

Anything that can help increase the quarterly revenue of Nvidia’s Auto business unit is an important matter that should be discussed here. To gauge just how important self-driving car technology-related products like the Drive PX Pegasus, read on Google’s (GOOG) (NASDAQ:GOOGL) billion-dollar legal suit against Uber allegedly receiving Waymo trade secrets.

The Drive PX Pegasus is 10x more powerful than the Drive PX 2 hardware. It can reportedly match the compute power of a 100-server datacenter rack. I consider this new hardware from Nvidia as the super-sized version of Intel’s (INTC) neuromorphic processor.

A little tweaking from Nvidia and Drive PX Pegasus can also self-learn like a human brain. Simultaneously, it can still deliver over 320 trillion operations per second compute performance without being tethered to the cloud.(Source: NVIDIA)

The Drive PX Pegasus could catapult Nvidia as the go-to processor supplier of the $38 billion/year ride-hailing industry’s adoption of robotaxis. Goldman Sachs also expects the ride-hailing industry to grow to $285 billion by 2030.

The Drive PX 2 Pegasus level 5 autonomous car processor can make Nvidia the enabler of some unicorn companies. The massive valuation of ride-sharing firms/taxi-hailing like Uber ($68 billion) and Didi Chuxing ($50 billion) can probably come true when they start augmenting their human-driven cars with Nvidia-powered robotaxis.

Nvidia can usher in the datacenter-in-a-car concept. Now that AMD is encroaching the high-end gaming/workstation GPU market with its Vega GPUs, Nvidia needs to work harder growing its Auto and datacenter GPU businesses.

Why I Am Optimistic About Robotaxis

Since Intel and Advanced Micro Devices (AMD) won’t have an equalizer to the Drive PX Pegasus, Nvidia can sell it at a high markup. After government regulators approve level 5 autonomous cars on the road, taxi fleet operators and ride-sharing companies will start using them. It is probably going to take 3-5 years before government regulators approve level 5 robotaxis. However, Nvidia’s surging valuation is already boosted by its potential role as the top supplier of semiconductor products for self-driving cars.

The three-year return of NVDA is more than 1,000%. Nvidia launched its Drive PX hardware/platform in March 2015. Nvidia priced its first Drive PX car processor at $10,000 and it still found acceptance. There are now more than 25 car manufacturers who work with Drive PX hardware. We have to conclude that the Auto segment is a contributor to the massive 3-year return of NVDA. No other company has matched Nvidia Drive PX’s level of acceptance among car manufacturers.

(Source: Morningstar)

Going forward, self-driving taxis can be better taxi-hailing service providers than human driven cars. More often than not, human drivers tend to burden me with stories about politics, their health, their family, their favorite TV shows and sports teams. I am ride-sharing to get from Point A to Point B. I do not need the additional aggravation of listening to another person’s ills/problems/thoughts.

If the travel time will take more than 30 minutes, I would prefer to nap rather than petty talk with a human driver. Robotaxis will assure me I won’t be driven around by chance by a sickly/DUI driver. Unlike a human driver, the Nvidia Drive PX Pegasus-based robotaxi won’t consider kidnapping or robbing its passenger.

Final Thoughts

The Gaming segment is currently the biggest revenue/profit generator of Nvidia. However, AMD will eventually take more market share in discrete gaming/mining GPUs. Nvidia developing more GPU products for Auto and datacenter is commendable. As far as I know, AMD still has no car-centric GPU in the pipeline.

As per released specs, the 500-Watt Drive PX Pegasus will come with 2 integrated Volta GPUs and 2 discrete post-Volta GPUs. The first Volta GPU, the Tesla V100 comes with 21 billion transistors, 5,120 CUDA cores, and 640 Tensor cores.

(Source: Wikipedia/Nvidia)

The Drive PX Pegasus is a stellar example of how far Nvidia has achieved in making its formerly gaming-only GPUs become in-demand for other enterprise-level, scalable applications. The rapid appreciation of Nvidia’s market cap over the last twelve months is because many investors believe in the future roles of GPUs in datacenter/deep learning and self-driving cars.

NVDA is a buy. According to the Artificial Intelligence-powered Relative Valuation Model of FundamentalSpeculation, NVDA is fairly valued.

(Source: FundamentalSpeculation)

FundamentalSpeculation derived a fair value of $182.74 for NVDA. It came about after FundamentalSpeculation’s AI computed the average valuation ratios of other companies with similar business fundamentals of Nvidia to get the Cohort Fair Value. After which, the Cohort Fair Value was modified with values derived from calculating the average valuation ratios of Nvidia’s peers in the Technology sector and Computer Hardware Industry.

Disclosure: I am/we are long NVDA, AMD, INTC, GOOG.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

NVIDIA unveils computer to drive ‘fully autonomous robotaxis’

Jen-Hsun Huang, chief executive officer and co-founder of Nvidia, speaks at an International Consumer Electronics Show in Las Vegas.

Jacob Kepler | Bloomberg | Getty Images

Jen-Hsun Huang, chief executive officer and co-founder of Nvidia, speaks at an International Consumer Electronics Show in Las Vegas.

Nvidia unveiled on Tuesday what it says is the world’s first artificial intelligence computer system designed to drive fully autonomous robotaxis, and said it plans to make a fleet of autonomous trucks.

The company claims the new system, codenamed Pegasus, will handle Level 5 driverless vehicles — vehicles that can be operated entirely by sensors and computers, with no human interaction.

It will include several chips, including Nvidia’s next-generation GPU, which is due out next year, plus artificial intelligence software, in a package that the company boasts is the “size of a license plate” — a huge reduction from the massive racks of computers required today. The system’s capabilities represent more than a tenfold increase over the current system, Nvidia said in a news release.

“It is designed for truly level 5 driving,” meaning no steering wheel, no gas or brake pedal, said NVIDIA automotive senior director Danny Shapiro on a call with reporters on Monday. Nvidia said it is working with several companies on developing robotaxis, but Shapiro declined to name them.

Pegasus will be available to Nvidia automotive partners in the second half of 2018. Pricing was not disclosed.

The company also announced it will partner with automotive supplier ZF to make a test fleet of autonomous delivery trucks for Deutsche Post DHL Group by 2018. DPDHL is currently the largest mail and package delivery service in the world, Shapiro said.

The fleet will combine sensors, cameras, radar and lidar, and the ZF ProAI self-driving system, which is based on Drive PX.

The technology is expected to improve DPDHL’s efficiency considerably by, for example, enabling 24/7 hour package delivery.

The company is also allowing some designers and developers access to its Holodeck virtual reality development platform, which lets designers test ideas in a realistic 3D world.

9to5Toys Last Call: Apple Watch Series 2 $170 off, MacBook Air $790, Seagate 4TB Hard Drive $70, more

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Luxury Book iPhone 7 Plus Case

9to5Toys Lunch Break delivers the best deals every day of the week at 12:30PM EST. This includes price drops on all sorts of Apple products from iPad to MacBook and everything in between, as well as HomeKit gear, accessories of all kinds and so much more.

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Last Call Updates:

Add Aukey’s 4-port USB 3.0 hub to your Mac for $5, w/ Ethernet $6.50

Apple Watch Series 2 up to $170 off at Best Buy and B&H: Sport, Nike+, Stainless Steel, more

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Daily Deals: Seagate 4TB External USB 3.0 Hard Drive $70, more

Best Buy knocks the 2017 Apple 9.7-inch iPad down to as little as $290 shipped

Apple iPhone 7 256GB goes to $600 shipped when paid in full at T-Mobile

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Anker’s latest Amazon sale includes must-have iPhone 8/X accessories from $10

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Google Drive update enables access to stored documents in iOS 11 Files app | Tech | Life & Style

Google Drive now supports the new Files app in iOS 11.

The hugely-popular cloud storage solution has introduced support for the Files app in both iPhone and iPad skews of the app, version 4.2017.37510 or newer.

If you are running the latest version of Google Drive on an iPhone or iPad running iOS 11, head to the Files app and then More Locations.

This should now have a red badge besides it, indicating a compatible storage provider is installed on your device.

This means you’ll be able to manage documents, photographs, videos, and more, stored in the cloud with Google Drive.

What’s more, if you have Google Docs, Google Sheets, or Google Slides iOS apps installed on your iPhone or iPad, these will be automatically launched when you hit the relevant file within the Files app.

Files also supports new iOS 11 features like the ability to drag-and-drop files between apps and folders.

You can also drag multiples documents at a time.

The news comes as Google Drive will be replaced on the desktop for macOS and Windows users.

Google announced in a blog post that support for the Google Drive app for PC and Mac will end on December 11, with the app being shut down on March 12, 2018.

The Californian technology company will steer customers towards one of two replacement services depending on whether they’re a consumer or business user.

Google Drive the service isn’t going anywhere though, with it still accessible via smartphone apps and on web browsers.

There will now be two other Google apps that can be used for backing up data or accessing files in the cloud.

For consumers, there’s Backup and Sync which replaces the Google Drive and Google Photos Uploaders apps.

This offers virtually the same functionality as the Google Drive apps and work in a similar way.

For business users, Google has released the Drive File Stream.

This provides access to “all of your Google Drive files on demand, directly from your computer”.

Describing the benefits the service provides, Google said: “Say goodbye to time-consuming file syncing and any concerns about disk space.”

Uber in Saudi Arabia might lose customers as women finally get to drive — Quartz

Earlier this week, King Salman of Saudi Arabia announced the landmark decision that women would finally be allowed to drive.

The change is a win for many reasons. It is huge gain for women’s rights in the conservative country, it has the potential to attract outside investment from international tech hubs, and is a boon for automakers hoping to woo 9 million potential new drivers in the largest car market in the Gulf region.

One casualty of the decree? Uber could see a drop in users, as many women who relied on the ride-sharing app to get around will now be able to drive themselves. Uber entered Saudi Arabia in 2014 and positioned itself as a safe, reliable solution for women dealing with the country’s restrictive transit options. According to Bloomberg, 80% of Uber rides in Saudi Arabia are taken by women.

Because Saudi Arabia is the only country in the world that doesn’t allow women to drive, women were reliant on chauffeurs to get around. It isn’t uncommon for Saudi women to spend a third of their monthly income to employ and house personal drivers. The emergence of Uber in the country significantly reduced those costs. Ride-hailing apps, including Uber and its regional rival Careem, have offered women in the conservative country more freedom of movement, giving them the chance to participate more deeply in the workforce, which has been a recent goal of the Saudi government.

Uber might not be able to even benefit from the new pool of women drivers. Prince Khalid bin Salman, the Saudi ambassador to the US, said at a news conference following the announcement that the Saudi Interior Ministry would decide whether women would be able to work as professional drivers. That said, Saudi Arabia has a significant interest in Uber’s future success; the country’s sovereign wealth fund invested $3.5 billion in the ride-hailing app last year.

“We’re proud to have been able to provide extraordinary mobility for women in Saudi, and are excited by the economic opportunities this change could represent for them in the future,” Uber said in a statement.

Read next: The Saudi king’s decree allowing women to drive is as much about money as human rights