(Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk tweeted on Monday that he was working with buyout firm Silver Lake and investment bank Goldman Sachs Group Inc (GS.N) as financial advisers on his plan to take the U.S. electric car maker private. The announcement represents the latest effort by Musk to add credibility to… Continue reading UPDATE 10-Musk says Silver Lake, Goldman advising on taking Tesla private
Tag: Strategy
FiveAI to start a trial of its shared autonomous car fleet in London in 2019
After raising $35 million to develop driverless car technology and a strategy to build a fleet of shared vehicles, UK startup FiveAI is announcing its first on-street trial: a service aimed at commuters in the London outer boroughs of Bromley and Croydon. Projected to begin in late 2019, it will kick off first with a… Continue reading FiveAI to start a trial of its shared autonomous car fleet in London in 2019
Scooter rental startup Vogo raises Series A funding from Ola, Hero MotoCorp
August 14, 2018 Vogo, a scooter and bike sharing start-up, has raised $6-7 million in a Series A funding round led by ANI Technologies Pvt. Ltd and Hero MotoCorp chairman Pawan Munjal, according to a person familiar with the matter. Existing investors Matrix Partners India, Stellaris Venture and angel investors also participated in the funding… Continue reading Scooter rental startup Vogo raises Series A funding from Ola, Hero MotoCorp
UPDATE 7-Musk talking to Saudi fund, others as he seeks Tesla buyout financing
(Reuters) – Elon Musk on Monday explained what he meant by tweeting “funding secured” to take Tesla Inc private: he is confident a deal can be done but has not yet finalized a plan. What exactly Musk had intended by saying “secured” has emerged as a potential legal and regulatory minefield for the Silicon Valley… Continue reading UPDATE 7-Musk talking to Saudi fund, others as he seeks Tesla buyout financing
UPDATE 2-Tesla’s slow disclosure raises governance, social media concerns
WASHINGTON (Reuters) – Tesla Inc’s (TSLA.O) handling of Chief Executive Elon Musk’s proposal to take the carmaker private and its failure to promptly file a formal disclosure has raised governance concerns and sparked questions about how companies use social media. FILE PHOTO: Tesla CEO Elon Musk at a press conference at the Kennedy Space Center… Continue reading UPDATE 2-Tesla’s slow disclosure raises governance, social media concerns
These companies might close, lay off US workers because of Trump’s trade war
Many companies are holding out hope that the trade negotiations end quickly but have warned that job cuts and price increases could be imminent. BMW and General Motors sent their warnings in writing to the Department of Commerce. “This is hurting the economy but so far it’s manageable,” says Mark Zandi, chief economist of Moody’s… Continue reading These companies might close, lay off US workers because of
Trump’s trade war
MAHLE intends to continue its growth in the aftermarket with thermal management products
MAHLE plans acquisition of Hella’s shares in the joint venture Behr Hella Service, transitional period until December 31, 2019 Products and solutions for efficient thermal management are of great strategic importance for all powertrain technologies Full spectrum of thermal management products for MAHLE Aftermarket customers from a single source MAHLE and Hella have agreed that… Continue reading MAHLE intends to continue its growth in the aftermarket with thermal management products
Press release / August 9, 2018 LeddarTech delivers first LCA2 LiDAR chips to automotive partners LeddarTech has delivered the first A-samples of its LCA2 system-on-chip and now offers evaluation kits to select automotive partners.
Leddartech/Press release/LeddarTech delivers first LCA2 LiDAR chips to automotive partners
-News Release-
LeddarTech delivers first LCA2 LiDAR chips to automotive partners
Samples and evaluation kits of industry’s first 3D SSL system-on-chip ships to first partners for autonomous driving applications.
QUEBEC CITY, August 9th, 2018 – LeddarTech has delivered the first A-samples of its LeddarCore LCA2 system-on-chip (SoC) to select automotive partners that will be publicly disclosed at a later date this year. The LCA2 is the autonomous vehicle industry’s first 3D solid-state LiDAR (SSL) SoC and is available now to Tier-1 automotive manufacturers and system integrators via purchase of the LeddarTech LCA2 evaluation kit. High-volume delivery of the LCA2 will begin in the first half of 2019 for deployment in Autonomous Driving (AD) and Advanced Driving Assistance Systems (ADAS).
The LCA2 uses LeddarTech’s LeddarSP signal processing software to produce raw LiDAR data such as distance, position, and intensity of echoes. LCA2 is suitable for a wide range of applications, can be produced in high volumes for rapid mass-market deployment, and is ideal for SSL used in AD/ADAS. LeddarTech’s LiDAR technology is supported by an IP portfolio containing 58 patents (44 granted, 14 pending).
“We’re proud to be the first company in the industry to deliver 3D solid-state LiDAR SoCs,” said LeddarTech General Manager of Automotive Business Unit Michael Poulin. “This announcement shows that LeddarTech is a company that’s beyond the point of conceptualization and delivers on its ideas and promises.”
LCA2 evaluation kits are available to prospective automotive partners to benchmark the technology against intended application requirements. Kits contain:
• One fully-functional solid-state LiDAR unit integrating an LCA2 SoC
• LeddarSP signal processing software
• Additional software to facilitate evaluation and application development
Tier-1s and OEMs that order an evaluation kit are able to immediately begin application development and integration efforts of their custom LCA2-based LiDAR. To accelerate and support partner development of LCA2-based LiDAR, LeddarTech is providing engineering services and access to the company’s SSL experts. LeddarTech’s ecosystem partners are also supporting customers in making the proper selection and integration of key components such as lasers and photodetectors.
“LeddarTech’s LCA2 SoCs present an opportunity for our partners to develop their own optimized and tailored LiDAR solution and develop strong in-house LiDAR expertise,” said Poulin. “We now have a wide ecosystem of developers and suppliers adopting our LiDAR platform, which will accelerate optimization and cost reduction of solutions, hence supporting increased speed of adoption of autonomous driving.”
Learn more about LeddarCore LCA2 applications in automotive
Inquire about the LCA2 Eval Kits
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Musk tweet sparks debate on Tesla leadership
As a corporate governance expert, Atkins also sits on the board of at least four public companies, including Cognizant, Wynn Resorts, SL Green Realty and Schneider Electric, as well as the privately held Volvo Cars. “Tesla’s board knows they have a rogue CEO. Why aren’t they doing more?” Atkins said Wednesday on CNBC’s “Squawk on… Continue reading Musk tweet sparks debate on Tesla leadership
Intel sold $1 bln of artificial intelligence chips in 2017
SANTA CLARA (Reuters) – Intel Corp on Wednesday said it sold $1 billion of artificial intelligence processor chips in 2017, the first time the world’s second-largest chipmaker disclosed revenue from the fast-growing computing segment that has fueled sales expansions at rivals such as Nvidia Corp. FILE PHOTO: The Intel logo is shown at E3, the… Continue reading Intel sold $1 bln of artificial intelligence chips in 2017