Most investors in SoftBank Group Corp’s $100 billion Vision Fund want to join the group’s forthcoming second fund, founder and Chief Executive Masayoshi Son said on Wednesday, adding discussions would begin soon. The entrepreneur said in May a second fund would launch “soon”, with SoftBank likely to be the only investor initially. Raising further funds… Continue reading Most SoftBank Vision Fund investors want to join second fund, says Son
Tag: Apple
SafeAI raises $5M to develop and deploy autonomy for mining and construction vehicles
Startup SafeAI, powered by a founding talent team with experience across Apple, Ford and Caterpillar, is emerging from stealth today with a $5 million funding announcement. The company’s focus is on autonomous vehicle technology, designed and built specifically for heavy equipment used in the mining and construction industries. Out the gate, SafeAI is working with… Continue reading SafeAI raises $5M to develop and deploy autonomy for mining and construction vehicles
Cars: Until the VW robot car it takes “a few more days”
Volkswagen has created a new board position: the software board. He sees the autonomous driving still in the distance. June 18, 2019, 7:45 am, Andreas Donath Volkswagen does not expect a quick break in autonomous driving (Image: Pexels /CC0 1.0) Tesla boss Elon Musk thinks autonomous driving is still in to be able to offer… Continue reading Cars: Until the VW robot car it takes “a few more days”
Domino’s serves up self-driving pizza delivery pilot in Houston
Domino’s really emphasizes its commitment to ‘innovation,’ but even if it’s a marketing tactic, the global pizza brand does indeed walk the walk. Case in point: It’s launching a new pilot for self-driving pizza delivery in Houston in partnership with Nuro. Autonomous driving tech startup Nuro was founded by Dave Ferguson and Jiajun Zhu, two… Continue reading Domino’s serves up self-driving pizza delivery pilot in Houston
VW boss Diess wants to expand cooperation with Ford – even with electric cars: “VW is very strongly influenced by Chinese – we need a counterweight in the US”
DPA “We need a counterbalance in the US”: Ford CEO Jim Hackett (r) and Volkswagen CEO Herbert Diess know each other well, they agreed at the beginning of the year, together to develop vans and mid-sized pick-ups The speculation about a close cooperation of Volkswagen and ford Autonomous driving and electric car technology have been… Continue reading VW boss Diess wants to expand cooperation with Ford – even with electric cars: “VW is very strongly influenced by Chinese – we need a counterweight in the US”
Tesla loses key Autopilot engineer to self-driving truck start-up Embark
Embark self-driving truckEmbarkZeljko Popovic, a leader within Tesla's Autopilot team, is leaving for Embark, the autonomous trucking start-up in San Francisco, according to a person familiar with the move. Embark confirmed the hire.
The departure comes at a critical time, as Tesla is promising its electric vehicles will be capable of operating as “robotaxis” by the end of next year — which is to say, they'd be fully self-driving in normal conditions, without human intervention. Tesla also says it plans to start production of its long-awaited electric semi trucks by the end of 2020.
Popovic, whose background is in robotics, built and ran the perception team for Tesla's Autopilot division.
According to people familiar with his accomplishments there, Popovic managed the development of highly accurate maps of U.S. highways for Tesla, and created a “sensor fusion system” which combines data from the many cameras, radars and ultrasonic sensors that Tesla vehicles employ. The sensor fusion system enables Autopilot to “see” other cars on the road.
At Tesla's annual shareholder meeting this week, CEO Elon Musk acknowledged that some Tesla self-driving features still need improvements. “Summon,” which allows a driver to automatically call their car over from wherever it is parked, was supposed to be widely available by now. But at the meeting, Musk said it is still being tweaked.
Founded in 2015, Embark integrates its self-driving systems into Peterbilt semis rather than building its own trucks completely from scratch, and the trucks are generally operated with human supervisors behind the wheel. It now has more than a dozen trucks and 60 employees. Amazon is using self-driving trucks developed by Embark to haul some cargo on the I-10 interstate highway in California, both companies previously acknowledged.
Attrition has been a big issue for Tesla in the last two years as the company has missed some of its production goals and its stock price has swung wildly. Among others, self-driving VP Jim Keller left for Intel, and head engineer Doug Field rejoined Apple to work on that company's secretive self-driving technology.
Popovic and Tesla did not immediately respond to requests for comment.
WATCH: Self-driving trucks are here — here's how they'll transform the trucking industry
VIDEO13:0513:05How the rise in self-driving trucks will transform the trucking industryTech
New Honda e: powertrain details of BMW i3 rival revealed
The firm believes the car’s retro design will give it an Apple-style appeal to customers. It maintains the styling of the Urban EV, albeit with the addition of an extra set of doors. While Honda has yet to reveal full technical details of the car, its designers told Autocar at the Geneva show that it would… Continue reading New Honda e: powertrain details of BMW i3 rival revealed
VW continues to Aurora with Ford
VW ends its collaboration with the US robot car company Aurora – and wants to cooperate with self-driving cars in the future with Ford. Even with a Swedish battery manufacturer, the German group enters. Hauke-Christian Dittrich / DPA Autonomous vehicle “Cedric” Wednesday, 12.06.2019 15:59 clock Autonomous driving is considered a key technology for the future… Continue reading VW continues to Aurora with Ford
Grab said to have discussed buying Asia payments startup 2C2P
Singapore ride-hailing giant Grab held talks to acquire payments provider 2C2P Pte and was turned down, according to people familiar with the matter, a sign of the ambitions Southeast Asia’s most valuable startup has in financial services. Grab was one of multiple possible bidders interested in 2C2P with preliminary offers ranging up to about $200… Continue reading Grab said to have discussed buying Asia payments startup 2C2P
Tesla completing ‘small acquisition’ which will help launch its insurance product
Tesla CEO Elon Musk says that the company is in the process of completing a “small acquisition” that will help it release its own insurance product, something it said in April that it was only around “a month” away from bringing to market. One month is at least two months when translated from Musk-time to… Continue reading Tesla completing ‘small acquisition’ which will help launch its insurance product