Scale raises $18 million to label data from autonomous car companies like Lyft and Embark

Autonomous cars need data. Lots of data. According to research conducted by the Rand Corporation, they’ll have to drive hundreds of millions or even billions of miles to demonstrate their safety. Companies like Waymo are well on their way; the average self-driving vehicle is projected to generate more than 300 terabytes per year. But collecting data isn’t the only… Continue reading Scale raises $18 million to label data from autonomous car companies like Lyft and Embark

Self-driving truck startup Kodiak Robotics raises $40 million

In Don Burnette and Paz Eshel’s view, trucking is the killer app for self-driving technology. It’s what led Burnette to leave the Google self-driving project and co-found Otto in early 2016, along with Anthony Levandowski, Lior Ron, and Claire Delaunay. And it’s what would eventually prompt Burnette to leave Uber— href=”https://techcrunch.com/2016/08/18/uber-acquires-otto-to-lead-ubers-self-driving-car-effort-report-says/”>the company that acquired Otto—and co-found… Continue reading Self-driving truck startup Kodiak Robotics raises $40 million

Drive.ai’s self-driving vehicle service is now live in Texas

The bedroom community of Frisco, Texas might seem like an unusual place to find a self-driving vehicle. But here in this city of nearly 175,000 people, there are seven. And as of Monday, they’re available for the public to use within a specific sector of the city that has a concentration of retail, entertainment venues… Continue reading Drive.ai’s self-driving vehicle service is now live in Texas

China’s Didi pumps $1B into its rebranded driver services business

Didi Chuxing is going pedal to the metal for its automobile services business after it announced it will invest $1 billion into the division, which is also getting a rebrand. The Chinese ride-hailing firm had been tipped to spin out the business and raise $1.5 billion from investors ahead of an IPO, according to a recent Reuters… Continue reading China’s Didi pumps $1B into its rebranded driver services business

Future-ready? Fireside chat with Anand Mahindra, Chairman, Mahindra Group

Future-ready? Fireside chat with Anand Mahindra, Chairman, Mahindra Group Our future world need not necessarily look like a scene straight out of a sci-fi thriller. But it would entail newer business and job opportunities powered by humans and technologies, and hopefully, concerted efforts by our race to be more sustainable. Anand Mahindra caught up with… Continue reading Future-ready? Fireside chat with Anand Mahindra, Chairman, Mahindra Group

Tesla Model S and X reportedly to get minimalist Model 3 interior

Apparently the problem with the Tesla Model S and Model X was that they’re too normal. They have a separate instrument cluster—a digital one—behind the steering wheel and a few solid controls. Tesla must think that’s too much. The company is designing a new interior for them that looks a lot like the one in… Continue reading Tesla Model S and X reportedly to get minimalist Model 3 interior

BMW beats second-quarter forecasts as new anti pollution rules dent rivals

FRANKFURT (Reuters) – BMW (BMWG.DE) reported a smaller-than-expected 6 percent decline in second quarter operating profit on Thursday while brushing off concerns about new anti-pollution rules and global trade tensions which caused rival Daimler (DAIGn.DE) to warn on profits. FILE PHOTO: The logo of German car manufacturer BMW is seen on the bonnet of a… Continue reading BMW beats second-quarter forecasts as new anti pollution rules dent rivals

Tesla shares surge as upbeat Musk sees profitable second half

Tesla is now aiming for a 6,000 vehicle per week rate, which it hopes to achieve by the end of August. By year-end it hopes to ramp up to a rate of 10,000 per week. Musk said the company is still aiming to produce 1 million cars per year by 2020, but that a number… Continue reading Tesla shares surge as upbeat Musk sees profitable second
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