CloudFactory, a Reading, England, UK-based provider of managed workforce solutions for artificial intelligence (AI), secured $65m in growth equity funding. The round was led by FTV Capital with participation from Weatherford Capital. As part of the transaction, FTV Capital partner Alex Mason and principal Abhay Puskoor and Weatherford Capital partner Sam Weatherford will join the… Continue reading CloudFactory Raises $65M in Growth Equity Funding
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China’s Great Wall aims to sell 300,000 WEY vehicles a year by 2025: chairman
FILE PHOTO: Great Wall Motors Wey CEO Wei Jianjun speaks at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany. September 10, 2019. REUTERS/Wolfgang Rattay GUANGZHOU, China/SHANGHAI (Reuters) – China’s top sport-utility vehicle maker Great Wall Motor (601633.SS) (2333.HK) aims to sell 300,000 of its premium brand WEY vehicles a year by 2025, its chairman… Continue reading China’s Great Wall aims to sell 300,000 WEY vehicles a year by 2025: chairman
BMW in talks with workers about efficiency measures
FILE PHOTO: The BMW logo is seen on a car in Nice, France, April 8, 2019. REUTERS/Eric Gaillard/File Photo FRANKFURT (Reuters) – BMW (BMWG.DE) is in talks with labor representatives and its top suppliers as it seeks to achieve cost savings of more than 12 billion euros ($13.26 bln) by 2022, Chief Financial Officer Nicolas… Continue reading BMW in talks with workers about efficiency measures
Uber self-drive crash ‘mostly due to human error’
Media playback is unsupported on your device A distracted safety operator in an Uber self-driving car was primarily to blame for a fatal crash in 2018, a US regulator has ruled. The National Transportation Safety Board (NTSB) said an “inadequate safety culture” at Uber was also a major contributing factor. As too were poor, or… Continue reading Uber self-drive crash ‘mostly due to human error’
Continental to cut 5,040 jobs as combustion engine demand falls
FILE PHOTO: Logo of Continental is seen before the annual news conference in Hanover, Germany March 2, 2017. REUTERS/Fabian Bimmer/File Photo FRANKFURT (Reuters) – German auto supplier Continental (CONG.DE) on Wednesday said it would pare back its engine manufacturing activities as more stringent emissions rules threaten demand for combustion engine components, resulting in around 5,040… Continue reading Continental to cut 5,040 jobs as combustion engine demand falls
Tesla’s Andrej Karpathy Discusses Autopilot, Full Self-Driving, PyTorch
Tesla Autopilot is far ahead of all other similar technologies. Karpathy can tell us why. Andrej Karpathy, Tesla’s Director of Artificial Intelligence and Autopilot Vision, is one of the chief architects of Tesla’s self-driving vision. In July, he hosted a workshop on Neural Network Multi-Task Learning, where he offered some detailed insights on Tesla’s use of… Continue reading Tesla’s Andrej Karpathy Discusses Autopilot, Full Self-Driving, PyTorch
VW Presents Its First Electric Station Wagon, the ID. Space Vizzion
The company named it as a crossover, but don’t let labels fool you. Volkswagen has a tradition of presenting most of its cars for an auto show in something it calls Volkswagen Group Night. Before the LA Auto Show opened its gates, the German carmaker revealed the ID. Space Vizzion – which the company defines… Continue reading VW Presents Its First Electric Station Wagon, the ID. Space Vizzion
Toyota RAV4 Prime Is The Most Powerful And Most Efficient Ever
Japanese automaker managed to join the best of both worlds in its plug-in hybrid version. Power and efficiency always seem to be in opposites when it relates to the automotive world. Anyway, Toyota has discovered a way to join both extremes in an apparently simple way: just adding a plug to it. This is basically… Continue reading Toyota RAV4 Prime Is The Most Powerful And Most Efficient Ever
BMW India kicks off BS VI production at Chennai plant
Thomas Dose, managing director, BMW Plant Chennai with the BS VI diesel BMW 5 Series. BMW India has begun local production of BS VI-compliant cars at its plant in Chennai, ahead of the April 1, 2020 deadline. The luxury carmaker says it is offering BS VI variants across its entire product range. While the complete… Continue reading BMW India kicks off BS VI production at Chennai plant
Lamborghini uses Salesforce’s blockchain tech to certify heritage cars
Image for representational purpose only. US-based CRM solution provider Salesforce today announced that Italian supercar maker Automobili Lamborghin, is using ‘Salesforce Blockchain’ to quickly and securely authenticate heritage Lamborghini cars. The company says one of the world’s most iconic and cutting-edge brands, Lamborghini has been at the forefront of innovation in the automotive market since… Continue reading Lamborghini uses Salesforce’s blockchain tech to certify heritage cars