Zenos Cars lives on after finding new investors – Evo

Zenos Cars, which went into administration three months ago, has found a group of buyers for the company’s assets securing a future for the marque. The new owners are a collection of investors, some of whom include the backers of another British sports car manufacturer, AC Cars.  The administrators who were tasked with finding a… Continue reading Zenos Cars lives on after finding new investors – Evo

Uber reaches tentative settlement with drivers arbitrating over employment status and expense reimbursement

Uber is reportedly on track to go public in the first quarter next year, and in the lead up to that, it’s sewing up some loose ends. TechCrunch has learned that Uber has offered a tentative settlement to pay out 11 cents for every mile driven for Uber (including adjacent services like Uber Eats) to… Continue reading Uber reaches tentative settlement with drivers arbitrating over employment status and expense reimbursement

Boston Tech Watch: Underscore VC, Piaggio, SoftBank & Sea Machines

A pair of massive Boston-area investments from the Japanese SoftBank Group’s $100 billion Vision Fund, a moonshot power storage spinout from Alphabet’s X labs, and some local robotics moves are found in this week’s Boston technology news. —Underscore VC, a Boston-based venture capital firm focused on early-stage tech startups, is capping off its second fund… Continue reading Boston Tech Watch: Underscore VC, Piaggio, SoftBank & Sea Machines

DriveItAway Buys Management Firm Whip, Cuts Ties with HyreCar

DriveItAway’s new platform, created exclusively for car dealers, focuses on the “low hanging fruit” of current shared mobility offerings Screnshot via DriveItAway.  The car rental app for ride-hailing drivers, DriveItAway, purchased the technology and assets of Whip Inc. and ended its partnership with HyreCar. The purchase of Whip included its operations and technology team lead by… Continue reading DriveItAway Buys Management Firm Whip, Cuts Ties with HyreCar

Sweden’s Folksam buys AP1 stake in Geely’s Volvo Cars – TimesLIVE

21 December 2018 – 10:55 By Reuters VolvoImage: Supplied Sweden’s Folksam has acquired Swedish national pension fund AP1’s preference shares in Geely-owned Volvo Car Group, the insurance and savings group said on Friday. Folksam said in a statement it had bought preference shares, which would be converted to common stock if the carmaker were to… Continue reading Sweden’s Folksam buys AP1 stake in Geely’s Volvo Cars – TimesLIVE

Future Tesla Autopilot chips may come from Samsung self-driving push

2017 Tesla Model S testing at Consumer Reports
The race to build self-driving cars is heating up, with Google (Waymo), Tesla, Uber, Lyft, Ford, GM (Cruise), and others all vying to build the first reliable self-driving system.

Now add Korean electronics giant Samsung to that list—with a twist. Its first client could be one of the major competitors in the business, Tesla.

Tesla once had a partner in developing self-driving software, Israel's Mobileye, when it first launched its Autopilot system to great fanfare in 2014.

DON'T MISS: Teslas to get new self-driving, Autopilot chip in spring 2019

After a widely reported fatal accident in Florida tied to the company's original Version 1 Autopilot system, which used the Mobileye hardware, Tesla has been on its own to develop the next-generation Autopilot 2 hardware.

In October, the company introduced new software that enabled full on-ramp to off-ramp self-driving in the system it calls Navigate on Autopilot, on existing Autopilot chips. CEO Elon Musk has since tweeted that with the upcoming faster chips, the system will be able to handle commuting from home to work without human intervention.

Industry sources told the Investors Business Times that Samsung has been on a hiring spree for electronics engineers with automotive experience.

CHECK OUT: Consumer Reports tests Tesla's Navigate on Autopilot

Musk announced in October that the company would roll out new, faster chips in the spring that will enable the company's long-promised Full Self-Driving Mode features, which many customers have pre-paid for. He tweeted that the new chip will be 50 to 200 times faster than the current hardware.

IBT sources say that Samsung has already begun assembling the chips expected to be rolled out to the Model 3 in March.

Central to Musk's plan to have Navigate on Autopilot work in more situations and on surface streets is having more drivers use the system and feed driving data back to Tesla's artificial intelligence servers. If a new chip is also on horizon, however, more data may not be enough.

READ MORE: Tesla drivers log 1 billion miles on Autopilot

Samsung has denied the rumors that it is forming a new self-driving car division.

The insiders noted that Samsung's practice is to line up a leading customer before launching new business lines.

With the Consumer Electronics Show on the horizon in Las Vegas early next month, it wouldn't be surprising to see the electronics giant introduce such a system there.

Green Car Reports reached out to Tesla for comment on this story, but had not heard back before publication.

SoftBank’s Vision Fund is preparing to invest $1 billion in Grab

SoftBank’s Vision Fund is set to continue its recent spree of investments in Asian tech unicorns. The mega fund — which is targeted at $100 billion — is planning to invest upwards of $1 billion into Southeast Asia’s ride-hailing leader Grab, two sources with knowledge of the plan told TechCrunch. The investment could reach as much… Continue reading SoftBank’s Vision Fund is preparing to invest $1 billion in Grab

AEye Introduces Advanced Mobility Product for the Autonomous Vehicle Market

The AE110 Brings Together Agile Sensors, Artificial Intelligence, and Software Definability to Capture Better Information with Less Power, Raising the Bar on Performance and Safety
“This is a breakthrough for perception systems. iDAR can do what has been previously unachievable. Combining industry leading range, resolution, scan rate, and intelligence – we are able to capture critical data about objects such as acceleration and velocity vectors within the same frame. Our approach has superior characteristics to simple FMCW not only in reliability of acquiring closing velocity, but also as the most dangerous objects enter the scene from the side where FMCW alone is ineffective.”

Pleasanton, CA – December 20, 2018 – AEye, a world leader in artificial perception systems and the developer of iDAR™, today announced the AE110, its most advanced product for the automotive mobility market. Built on the world’s most extensive solid-state LiDAR patent portfolio (with over 1000 claims filed), the AE110 features the industry’s only software-definable LiDAR, creating an open platform for perception innovation that lets software engineers optimize data collection to best meet their needs.

A New Kind of Perception
The AE110 is based on iDAR, a new form of data collection that emulates how the visual cortex pre-processes and customizes information sent to the brain. It does this by fusing 1550 nanometer (nm), solid-state agile MOEMS LiDAR, a low-light HD camera, and embedded AI to intelligently capture data at the sensor level. iDAR integrates 2D camera pixels and 3D LiDAR voxels at the point of data acquisition to create “true color” Dynamic Vixels – a new real-time sensor data type that delivers more accurate, longer range and more intelligent information faster to the car’s “brain”, or its path-planning system.

The product has two major architectural advantages: the camera and LiDAR are fused and boresighted, and it’s the only LiDAR system that’s entirely software-defined. As a result, the AE110 delivers high quality information faster to path planning systems, using significantly less power. Further, its straightforward API and powerful SDK transforms iDAR into a unique open system for perception innovation, allowing perception engineers to easily customize and dynamically control how scenes are interrogated. In addition, the product is under ASIL-B functional safety certification, ensuring it meets the automotive industry’s stringent safety standards.

“The AE110 sets a new bar for what perception systems are capable of,” said Aravind Ratnam, VP of product management at AEye. “By using an agile, software-definable LiDAR, the AE110 is able to collect 4-8 times the information of a fixed pattern LiDAR, using an eighth of the points. If a child walks into a scene, we can revisit that image within microseconds to help the vehicle take evasive action. Efficiency, speed and accuracy are key to perception, and the AE110 delivers all three at unprecedented levels at an extremely attractive price point.”

Key features of the AE110 include:

Software-definable LiDAR with high resolution RGB (red, green & blue) camera mechanically fused to deliver both true color and geometry as Dynamic Vixels
High resolution RGB camera with high speed interface
Onboard computer vision and embedded feedback loops for enhanced machine learning
Designed to meet ISO 26262 functional safety requirements; eye safe in all modes
Automotive SWaP optimized with documented field and environmental testing
Software Development Kit
Automotive deployment optimized with minimal crosstalk, utilizing four layers of interference mitigation and anti-spoofing technology
Enhanced adverse weather capabilities

Performance
The AE110’s unique architecture provides for the highest performance in resolution, range and refresh rate per dollar, while delivering unparalleled power savings. For example, its pseudo-random beam distribution search option makes the system eight times more efficient than fixed pattern LiDARs. The AE110 also achieves 16 times greater coverage of the entire field-of-view at 10 times the frame rate (up to 100 Hz) due to its ability to support multiple regions of interest for both LiDAR and camera.

Conventional LiDAR systems are designed to provide basic search capabilities – passively capturing limited data and treating it all equally without distinguishing critical threats or objects in the scene. In contrast, AEye’s iDAR performs multi-modal intelligent search which can then acquire, pre-classify, and track multiple objects quickly. It’s also designed to allow the system to pre-classify the objects faster than the frame-rate by allowing for a much more rapid object revisit rate.

“This is a breakthrough for perception systems,” said Allan Steinhardt, Chief Scientist at AEye and former Chief Scientist at DARPA. “iDAR can do what has been previously unachievable. Combining industry leading range, resolution, scan rate, and intelligence – we are able to capture critical data about objects such as acceleration and velocity vectors within the same frame. Our approach has superior characteristics to simple FMCW not only in reliability of acquiring closing velocity, but also as the most dangerous objects enter the scene from the side where FMCW alone is ineffective.”

Setting New Benchmarks
Recently, AEye announced that its iDAR system set a new benchmark for both range and scan rate performance for automotive-grade LiDAR. In a test monitored and validated by VSI Labs, The system detected and tracked a truck at 1,000 meters (or one kilometer). AEye also achieved a scan rate of 100Hz, setting a new speed record for the industry. This comes on the heels of the close of AEye’s series B funding, led by Taiwania Capital, bringing the company’s total funding to over $61 million.

The AE110 will be available to automotive and mobility OEMs and Tier 1s in Spring, 2019. For more information about AEye, the AE110, and the company’s innovative approach to artificial perception, please visit CES Booth #2100 at the Westgate Convention Center in Las Vegas, January 8th – 11th, 2019, For a private car demo, please contact [email protected].

Media Contact:

AEye, Inc.
Jennifer Deitsch
[email protected]

925-400-4366

AEye Introduces Advanced Mobility Product for the Autonomous Vehicle Market — The Future of Autonomous Vehicles: Part I – Think Like a Robot, Perceive Like a HumanAEye Announces the AE100 Robotic Perception System for Autonomous VehiclesAEye Announces Addition of Aravind Ratnam as Vice President of Product ManagementGartner Names AEye Cool Vendor in AI for Computer VisionAutoSens Names AEye Most Exciting Start-Up in the Automotive Imaging SectorAEye’s iDAR Shatters Both Range and Scan Rate Performance Records for Automotive Grade LiDARAEye Introduces Next Generation of Artificial Perception: New Dynamic Vixels™The Future of Autonomous Vehicles: Part II – Blind Technology without Compassion Is RuthlessAEye’s $40M Series B Includes Numerous Automotive Leaders Including Subaru, Hella, LG, and SKAEye Granted Foundational Patents For Core Solid-State MEMs-Based Agile LiDAR And Embedded AI Technology

BMW and Daimler may offer joint car app

Wednesday, 19/12/2018 14:08 BMW and Daimler are allowed to bundle their forces in car rental and driving services. According to the EU Commission, the US antitrust agency has now also approved the merger of Car2go and DriveNow’s car-sharing fleets with a total of around 20,000 rental cars, as the two automakers announced. The merger is… Continue reading BMW and Daimler may offer joint car app

Musk, GM weigh fate of Ohio plant Trump wants saved

DETROIT (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk raised hopes again on Thursday that he could ride to the rescue of a threatened General Motors Co (GM.N) car plant at the center of a political storm about auto jobs, and GM replied, saying the Ohio factory’s fate depends on union talks next year.… Continue reading Musk, GM weigh fate of Ohio plant Trump wants saved