Tag: Tesla

Lidar company Quanergy to go public via $1.4B SPAC deal

Quanergy Systems, the Sunnyvale, California-based lidar company, said Tuesday it has agreed to merge with special purpose acquisition fund CITIC Capital Acquisition Corp., a Chinese blank-check firm affiliated with the country’s largest state-owned investment conglomerate. The deal, which puts an implied valuation on Quanergy at $1.4 billion, is expected to close in the second half… Continue reading Lidar company Quanergy to go public via $1.4B SPAC deal

Tesla Unveils Top AV Training Supercomputer Powered by NVIDIA A100 GPUs

Tackling one of the largest computing challenges of this lifetime requires larger than life computing. At CVPR this week, Andrej Karpathy, senior director of AI at Tesla, unveiled the in-house supercomputer the automaker is using to train deep neural networks for Autopilot and self-driving capabilities. The cluster uses 720 nodes of 8x NVIDIA A100 Tensor… Continue reading Tesla Unveils Top AV Training Supercomputer Powered by NVIDIA A100 GPUs

Board member says BMW to cut production cost per vehicle by 25%

By Reuters Staff 1 Min Read FILE PHOTO: A logo of German luxury carmaker BMW, is seen ahead of the company’s annual news conference in Munich, Germany, March 20, 2019. REUTERS/Michael Dalder/File Photo FRANKFURT (Reuters) – BMW plans significant production cost cuts by the middle of the decade, one of the German carmaker’s board members… Continue reading Board member says BMW to cut production cost per vehicle by 25%

Tesla backs vision-only approach to autonomy using powerful supercomputer

Tesla CEO Elon Musk has been teasing a neural network training computer called ‘Dojo’ since at least 2019. Musk says Dojo will be able to process vast amounts of video data to achieve vision-only autonomous driving. While Dojo itself is still in development, Tesla today revealed a new supercomputer that will serve as a development… Continue reading Tesla backs vision-only approach to autonomy using powerful supercomputer

Amazon is reportedly buying 1,000 autonomous truck-driving systems, which could pave the way for one day ditching drivers

Amazon reportedly ordered 1,000 autonomous truck-driving systems from a startup called Plus. The retail giant also has the option to buy shares of the AI startup, according to a recent filing. The technology falls in line with Amazon’s focus on AI-related technology. See more stories on Insider’s business page. Amazon has agreed to buy 1,000… Continue reading Amazon is reportedly buying 1,000 autonomous truck-driving systems, which could pave the way for one day ditching drivers

Elon Musk: Tesla will hold ‘AI Day’ to show progress and recruit talent

Elon Musk announced that Tesla will hold an ‘AI Day’ in about a month to show its progress in software and hardware related to artificial intelligence. However, the main goal is to recruit talent. Over the last few years, Tesla started holding events, not really to unveil new products, but to present new technologies that… Continue reading Elon Musk: Tesla will hold ‘AI Day’ to show progress and recruit talent

German Handelsblatt: Electromobility: Joint venture for super cells: Porsche announces its own battery factory in Germany002264

Production at Porsche From 2024, Porsche could produce its own battery cells. (Photo: dpa) Düsseldorf Porsche is driving the development and production of its own high-performance battery cells for electric cars. The Volkswagen subsidiary claims to be setting up a joint venture with the cell specialist Customcells from Itzehoe and Tübingen. Porsche is therefore investing… Continue reading German Handelsblatt: Electromobility: Joint venture for super cells: Porsche announces its own battery factory in Germany002264

Alfa Romeo to revive GTV as an EV in sweeping range renewal

Alfa Romeo is plotting a revival of the GTV as an electric four-door coupé flagship under a sweeping revival plan that will include a major revamp of its model line-up, Autocar has learned. Seen as a technological flagship for Alfa Romeo’s future line-up, the modernday GTV is one of a number of proposed new models… Continue reading Alfa Romeo to revive GTV as an EV in sweeping range renewal

German Handelsblatt: Electromobility: Joint venture for super cells: Porsche announces its own battery factory in Germany002260

Production at Porsche From 2024, Porsche could produce its own battery cells. (Photo: dpa) Düsseldorf Porsche is driving the development and production of its own high-performance battery cells for electric cars. The Volkswagen subsidiary claims to be setting up a joint venture with the cell specialist Customcells from Itzehoe and Tübingen. Porsche is therefore investing… Continue reading German Handelsblatt: Electromobility: Joint venture for super cells: Porsche announces its own battery factory in Germany002260