DALLAS, June 25, 2020 /PRNewswire/ — Alternet Systems, Inc. (USOTC: ALYI) today announced plans to finalize terms and execute a letter of intent (LOI) next week on Tuesday, June 30, 2020 for a $25 million first tranche investment to fund ALYI’s $300 million electric mobility initiative in Africa. The working terms include an approximate $50… Continue reading ALYI – Alternet To Finalize Terms For Receiving $25 Million Investment
Tag: Mobility
VW in Talks to Acquire Europcar
Volkswagen sold its stake to investment firm Eurazeo SE in 2006. Photo via Europcar. Volkswagen Group is in talks to acquire Europcar Mobility Group, according to a Reuters report that cited people familiar with the matter. Volkswagen, which became the sole shareholder in Europcar in 1999, sold its stake to investment firm Eurazeo SE in… Continue reading VW in Talks to Acquire Europcar
@Tata-JLR: JAGUAR I-PACE ELECTRIC TAXIS ON WORLD’S FIRST WIRELESS HIGH-POWERED CHARGING RANK
About Jaguar Land Rover Jaguar Land Rover is the UK’s largest automotive manufacturer, built around two iconic British car brands. Land Rover is the world’s leading manufacturer of premium all-wheel-drive vehicles. Jaguar is one of the world’s premier luxury marques, as well as being the first ever brand to offer a premium all-electric performance SUV,… Continue reading @Tata-JLR: JAGUAR I-PACE ELECTRIC TAXIS ON WORLD’S FIRST WIRELESS HIGH-POWERED CHARGING RANK
‘Deepfake’ tech to accelerate autonomous car development
Oxbotica, a start-up founded by Oxford University graduates, is using a technology called ‘deepfaking’. First used to create fake internet videos, it employs deep-learning artificial intelligence (AI) to generate thousands of photo-realistic images in minutes. Two co-evolving AI systems generate the data. One attempts to create the most convincing fake images it can while the other tries… Continue reading ‘Deepfake’ tech to accelerate autonomous car development
New ‘deepfake’ tech to accelerate autonomous car development
A UK-based software company has developed ‘pioneering’ technology inspired by viral videos that, it hopes, will accelerate the rollout of autonomous vehicles. Oxbotica, a start-up founded by Oxford University graduates, is using a technology called ‘deepfaking’. First used to create fake internet videos, it employs deep-learning artificial intelligence (AI) to generate thousands of photo-realistic images… Continue reading New ‘deepfake’ tech to accelerate autonomous car development
New York City could have an e-scooter pilot program by March
New York City is on the verge of approving a shared electric scooter pilot program, opening up a potentially lucrative market and new micromobility battleground in the United States. The New York City Council is expected Thursday to vote on a bill that will require the New York Department of Transportation to create a pilot… Continue reading New York City could have an e-scooter pilot program by March
California seeking to force Uber and Lyft to reclassify drivers as employees within weeks (UBER, LYFT)
California is seeking to force Uber and Lyft to reclassify drivers as employees within weeks, according to a press release Wednesday from Attorney General Xavier Becerra. Becerra’s office is planning to file an injunction against the companies that would require them to make the change while they await the outcome of a lawsuit over drivers’… Continue reading California seeking to force Uber and Lyft to reclassify drivers as employees within weeks (UBER, LYFT)
@GM: GM Honors Top Global Suppliers for Innovation and Performance
GM Honors Top Global Suppliers for Innovation and Performance 2020-06-24 DETROIT — General Motors recognized its most innovative partners during a virtual ceremony to celebrate its 28th annual Supplier of the Year awards on June 24, 2020. Recipients of the Supplier of the Year award included 116 suppliers from 15 countries, with 13 first-time winners, as… Continue reading @GM: GM Honors Top Global Suppliers for Innovation and Performance
California seeks to classify Uber, Lyft drivers as employees via court order
FILE PHOTO: The Uber logo is displayed on a mobile phone in this picture illustration taken November 25, 2019. REUTERS/Hannah McKay/Illustration (Reuters) – California is planning to ask a state court judge to force Uber Technologies Inc (UBER.N) and Lyft Inc (LYFT.O) to classify their ride-hail drivers as employees, rather than contractors, ratcheting up the… Continue reading California seeks to classify Uber, Lyft drivers as employees via court order
Daimler and Nvidia team up to close tech gap to Tesla
FRANKFURT (Reuters) – Having pulled ahead in the race to develop a software-based vehicle operating system, U.S. electric car pioneer Tesla faces a new challenge from an alliance of German luxury carmaker Daimler and U.S. computer graphics specialist Nvidia. FILE PHOTO: The Mercedes-Benz logo is seen on a car in front of the Mercedes-Benz Museum… Continue reading Daimler and Nvidia team up to close tech gap to Tesla