Author: Google News Scanning

LeddarTech Inc. and OPTIS Announce LiDAR Simulation Partnership

LeddarTech Inc. and OPTIS Announce LiDAR Simulation PartnershipPhillip Keane posted on January 27, 2018 | 857 views Virtual prototyping company OPTIS has announced a partnership with LeddarTech Inc., the developer and owner of Leddar, a patented digital signal processing technology used in automotive solid-state LiDARs. The partnership will see the development of LiDAR simulation software geared… Continue reading LeddarTech Inc. and OPTIS Announce LiDAR Simulation Partnership

Uber boss says company can be profitable within three years

The chief executive of ride-hailing app Uber has said the company can be profitable within three years. Speaking to Bloomberg at the World Economic Forum in Davos, Dara Khosrowshahi said the firm is becoming more efficient, though it will still maintain its expansion push. “At some point we absolutely have to become profitable and that’s… Continue reading Uber boss says company can be profitable within three years

JLR cuts Land Rover production amid diesel uncertainty

Jaguar Land Rover will cut production of some vehicles amid uncertainty over Brexit and changes to taxes on diesel cars. The company will temporarily scale back output of the Discovery Sport and Range Rover Evoque models later this year. Last week, JLR said its global sales hit a record in 2017, but that the UK… Continue reading JLR cuts Land Rover production amid diesel uncertainty

Uber boss says driverless cars are at least a decade away

Uber’s boss has predicted that driverless cars are at least a decade away, despite the ride-hailing app putting millions into developing the technology. Speaking at a technology conference in Germany, Dara Khosrowshahi said it would take 10 to 15 years for “full autonomy” to happen. He said the high cost of sensors such as the… Continue reading Uber boss says driverless cars are at least a decade away

Uber rival Cabify has raised another $160M at a $1.4B valuation

Cabify, the Madrid-based startup that competes with the likes of Uber and 99 in Latin America as well as the Iberian peninsula, has closed out another round of funding as competition continues to heat up in the on-demand transportation sector. Cabify’s parent company Maxi Mobility has raised $160 million at a valuation of $1.4 billion,… Continue reading Uber rival Cabify has raised another $160M at a $1.4B valuation

Uber ignores security bug that makes its two-factor authentication useless

(Image: file photo) Uber has ignored a security bug that can allow an attacker to hack into user accounts by bypassing two-factor authentication because the ride sharing company says the flaw “isn’t a particularly severe” issue. Two-factor authentication (2FA) is a vital part of protecting online accounts. It adds a second layer of security on… Continue reading Uber ignores security bug that makes its two-factor authentication useless