German industrial giant Siemens AG is investing more than $100 million in Volkswagen AG’s Electrify America unit, becoming the first outside investor in the North American network of electric vehicle charging stations. Including new funds from its parent Volkswagen, the Electrify America unit would receive a total injection of $450 million, the companies said. The… Continue reading Siemens to invest in Volkswagen’s N.American charging network
Tag: Mobility
India lags in AI research activities; needs to equal China on supercomputing capabilities, says Niti Aayog’s Kant
NITI Aayog CEO Amitabh Kant Government think tank Niti Aayog‘s outgoing chief executive Amitabh Kant on Tuesday said the country lags in artificial intelligence research activities, and also needs to elevate its supercomputing capabilities to those possessed by China. Speaking at an Internet and Mobile Association of India (IAMAI) event virtually, Kant said Niti Aayog… Continue reading India lags in AI research activities; needs to equal China on supercomputing capabilities, says Niti Aayog’s Kant
‘Supercookies’ Have Privacy Experts Sounding the Alarm
Customers of some phone companies in Germany, including Vodafone and Deutsche Telekom, have had a slightly different browsing experience from those on other providers since early April. Rather than seeing ads through regular third-party tracking cookies stored on devices, they’ve been part of a trial called TrustPid. TrustPid allows mobile carriers to generate pseudo-anonymous tokens… Continue reading ‘Supercookies’ Have Privacy Experts Sounding the Alarm
Waymo’s self-driving trucks will deliver home goods for Wayfair
Waymo will deliver home goods for Wayfair using its fleet of autonomous semi-trailer trucks, the company announced Tuesday. The deliveries will take place as part of a pilot that’s being conducted by Waymo and JB Hunt Transport Services to test out self-driving trucks along certain shipping routes in Texas. One of JB Hunt’s customers is… Continue reading Waymo’s self-driving trucks will deliver home goods for Wayfair
Lesjöfors expands in the US by acquiring John Evans’ Sons
Lesjöfors, part of the Beijer Alma group, has today signed an agreement to acquire the assets and operations of John Evans’ Sons INC, a leading US spring manufacturer. With the acquisition, Lesjöfors strengthens its US presence and significantly increases its sales to the medical industry, in line with its ambition to build the leading spring,… Continue reading Lesjöfors expands in the US by acquiring John Evans’ Sons
Kongsberg Automotive wins a one-year contract worth EUR 7 million
Kongsberg Automotive’s Powertrain and Chassis (P&C) business segment has secured a one-year contract worth EUR 7 million. P&C’s Driveline business unit was awarded this contract for the ARC- Generation 3 (electronic actuator with control units), adapted for ICE/PHEV/HEV transmissions. The contract will start in November 2022 and KA’s Wuxi plant will supply these advanced actuator… Continue reading Kongsberg Automotive wins a one-year contract worth EUR 7 million
Front Raises $65M in Series D at $1.7B Valuation
Front, a San Francisco, CA-based communication hub for building customer relationships, raised $65 million in Series D financing. The round, which values Front at $1.7 billion, bringing the total funding to date over $200 million, was led by Salesforce Ventures and Battery Ventures with participation from PagerDuty CEO, Jennifer Tejada, as well as existing investors… Continue reading Front Raises $65M in Series D at $1.7B Valuation
Partially autonomous driving is desirable
A study by the insurance-related IIHS (Insurance Institute for Highway Safety) examined the sensitivities of the population when it comes to partial autonomy. Drivers want partial automation with the appropriate safety measures. That’s according to a new survey by IIHS and thus contradicts the manufacturer’s idea that as much technology as possible should be integrated.… Continue reading Partially autonomous driving is desirable
Axie Infinity NFT game reopens transactions months after $625 million theft
Ronin Bridge, the link that enables users to transfer funds to and from accounts in the “play to earn” Axie Infinity game, has reopened following a $625 million theft that took place in March. Sky Mavis, the developer group behind Axie Infinity and the Ronin blockchain that powers the game, announced that players can now… Continue reading Axie Infinity NFT game reopens transactions months after $625 million theft
Tesla veterans’ Industrial Next picks up $12M to automate EV production
Elon Musk is unabashed about his obsession with manufacturing. Over the years, Tesla has gradually gained recognition in the manufacturing world through improving its production quality. Now two Tesla veterans want to share their smart factory know-how to other automakers through a nascent startup. Industrial Next, founded by Allen Pan, who was Tesla’s autonomous factory… Continue reading Tesla veterans’ Industrial Next picks up $12M to automate EV production