Tag Archive : Aurora

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Canadian marijuana company Aurora Cannabis (NYSE:ACB) had a dreadful 2019; its stock lost 56% of its value over the year, compared with a 36% decline in the industry benchmark Horizons Marijuana Life Sciences ETF. External headwinds in Canada, along with Aurora’s own haphazard acquisitions, dragged down revenue and made profit challenging, while expenses kept piling up. All these factors led to its decline, and hopes of the company recovering anytime soon were minimal.

Hence, its third-quarter results at the end of March came as a pleasant surprise. The company reported a surge in revenue — to be precise, a year-over-year jump of 35% to 75.5 million Canadian dollars. Aurora gave a sneak peek into its fourth-quarter results on Sept. 8 when it discussed some impairment charges and a decline in revenue. But investors hoped to get some good news from the actual results, and the stock was up 16%

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The automotive market is grappling with increasingly complex software systems, and in turn greater risks of glitches that can cause costly and unsafe disruptions and damage an automaker’s credibility.

Just look at today’s new cars, trucks and SUVs compared to their counterparts a decade ago. New vehicles coming off assembly lines today contain tens of millions of lines of code, a statistic that continues to rise as automakers invest more in software.

This upward trend has created risks for automakers; it’s also opened up opportunity for burgeoning startups like Aurora Labs, which developed a platform that can spot problems with software in cars and fix it on the fly. The company is now preparing to ramp up operations, even beyond automotive, as software takes a central role in shared mobility, cities and homes.

Aurora Labs developed a platform designed to detect and predict problems and then fix any issues in

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Michael Pegues, a relative newcomer to government, is the CIO of the second largest city in Illinois. Despite only being in the job for three years and having no background in local government, he has developed a passion for city work and has become an urbantech champion.

What makes Pegues’ case so interesting is that he has taken a much bolder approach to encouraging innovation than many other city CIOs. In my experience, cities often set up limited innovation zones where they experiment with technologies before rolling them out more widely. Pegues has eschewed this intermediate step and turned his city into one giant innovation sandbox through his 605 Innovation District project (605 being the first three digits of the five zip codes in Aurora).

It’s a bold move—and one that isn’t without risks. But the initiative shows how a forward-thinking CIO willing to embrace and successfully manage those

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