General Motors has made another key investment in the autonomous driving space, as the automaker looks to add more advanced self-driving driving capabilities to its model lineup. GM’s venture capital arm invested “millions of dollars” in San Francisco startup Oculii, according to its co-founder Steven Hong.
Eric Walz2021-09-13 10:30 PT
Tesla Chief Executive Elon Musk is a fierce defender of the automaker’s semi-autonomous driving feature “Autopilot”, saying that the technology saves lives. However, after a series of high profile crashes involving emergency vehicles where drivers were suspected of using Autopilot, the National Highway Traffic Safety Administration (NHTSA) has formally opened a safety probe of Tesla vehicles in the U.S.
Eric Walz2021-08-16 08:30 PT
Intel’s Autonomous Driving Arm Mobileye is Testing its Self-driving Technology in New York City
Intel Corp’s autonomous driving division Mobileye is testing its self-driving technology in New York City, one of the most challenging environments for self-driving vehicles to operate in, the company announced on Monday. Mobileye said its testing will help to prove how well its self-driving technology can handle the city’s chaotic streets packed with vehicles, pedestrians, bicyclists and a host of other challenges that a self-driving vehicle will face in the real world.
Eric Walz2021-07-20 16:00 PT
Autonomous Driving Startup Aurora Inc. to Go Public in a SPAC Deal With a $13 Billion Valuation
Autonomous driving startup Aurora Inc., co-founded by three industry veterans, plans to go public in a merger with special purpose acquisition company (SPAC) Reinvent Technology Partners Y, a firm led by LinkedIn co-founder Reid Hoffman and Mark Pincus, the founder of game developer Zynga. The transaction will value Aurora at roughly $13 billion and represents the latest high-profile SPAC deal.
Eric Walz2021-07-15 13:30 PT
Lidar developer AEye Inc. announced on Wednesday it struck a deal with Tier-1 supplier Continental AG to supply its long-range lidar perception sensor, which will be bundled into a full-stack autonomous driving solution for Level 2+ up to Level 4 automated and autonomous driving applications.
Eric Walz2021-07-14 15:00 PT
Silicon Valley-based autonomous driving startup Ghost recently announced the closing of a $100 million Series D financing for its system that the company says offers a revolutionary breakthrough in crash prevention. Demand for robust and reliable autonomous driving technology is growing in the auto industry as more vehicles come equipped with advanced driver assist features and self-driving capabilities.
Eric Walz2021-07-12 15:25 PT
Swedish automaker Volvo Cars held a Tech Day on Wednesday where company executives shared a roadmap of the company’s future plans, including a switch to all-electric and software-based vehicles by 2030. These plans include having ten of thousands of connected cars on the road in the next decade traveling millions of kilometers and continuously sharing data with the automaker.
Eric Walz2021-07-01 10:00 PT
Volvo’s New Electric XC90 to Come with LiDAR & NVIDIA's Orin Processor for Autonomous Driving
Volvo Cars announced that its upcoming fully electric flagship XC90 SUV will come with state-of-the-art sensors for autonomous driving, including a lidar sensor developed by its partner Luminar. The electric XC90 will also use the NVIDIA DRIVE Orin system-on-a-chip to power its autonomous driving and safety systems.
Eric Walz2021-06-24 09:50 PT
Baidu Inc. to Deploy 1,000 ‘Apollo Moon’ Level-4 Robotaxis Over the Next 3 Years in China
China's Baidu revealed its next-generation electric robotaxi called “Apollo Moon", which the company Baidu says is a monumental milestone in the large-scale commercialization of fully autonomous ride-hailing services in China. Baidu plans to deploy 1,000 Apollo Moon robotaxis over the next three years as part of its "Apollo Go" ride-hailing service.
Eric Walz2021-06-17 16:00 PT
General Motors to Boost its Electric Vehicle & Autonomous Driving Investments by 30% to $35 Billion
U.S. automaker General Motors has just made one of the biggest financial commitments in its 100+ year history. The company announced on Wednesday that its increasing its investments in electrification and autonomous driving technologies to $35 billion through 2025 as it prepares for an all-electric future.
FutureCar Staff 2021-06-16 14:15 PT
StradVision, a pioneer in AI-based vision processing technology for autonomous vehicles and automotive ADAS systems, will showcase the latest features of its camera perception software named “SVNet” during The China Guangzhou International Automotive Technology Expo 2021, which is being held May 25-27.
Eric Walz2021-05-21 16:00 PT
Baidu to Open China's First Public Commercial Robotaxi Service Without Safety Drivers on May 2
China’s technology giant Baidu Inc. is launching the first commercial robotaxi service in the country on May 2 after months of successful testing using safety drivers. Beginning next week, members of the public can hail one of Baidu’s driverless vehicles without a safety driver behind the wheel.
Eric Walz2021-04-29 10:30 PT
Ride-hailing company Lyft Inc is following in the footsteps of its primary rival Uber Technologies and will no longer develop its self-driving technology in house. The San Francisco-based company announced on Monday that its selling its autonomous driving unit Level 5 to Toyota subsidiary Woven Planet Holdings Inc (“Woven Planet”) for $550 million. Woven Planet is tasked with developing autonomous driving and other advanced mobility technology for Toyota.
FutureCar Staff 2021-04-26 15:35 PT
Hyundai's Autonomous driving joint venture Motional announced a new partnership with Derq Inc, a technology company that’s using AI-powered vehicle-to-vehicle (V2V) technology to deliver an unobstructed, 360-degree bird’s eye view of the environment. Derq’s technology uses cameras that are installed above busy intersections to collect data. The cameras are connected to Derq’s AI-powered perception systems and RSUs, which then transmits the data to Motional’s autonomous vehicles in real time.
Eric Walz2021-04-20 13:00 PT
During a presentation at Auto Shanghai 2021, China's Baidu Inc shared the latest upgrades to its Apollo autonomous driving platform, including plans to offer customizable versions to automakers for the commercialization of self-driving vehicles at scale. Baidu plans to have its Apollo intelligent driving solutions available in more than one million vehicles in the next three to five years.
Eric Walz2021-04-19 15:15 PT
Silicon Valley-based mapping startup DeepMap has been named as one of the 100 most innovative companies utilizing artificial intelligence (AI) by CB Insights, a National Science Foundation-backed big data company. DeepMap was selected from a pool of over 6,000 companies.
FutureCar Staff 2021-04-09 15:20 PT
While electric automaker Tesla focuses on the rollout of its “Full Self-Driving'' feature that is intended to operate without human intervention, Japan's Toyota Motor Corp is taking a different approach to self-driving vehicles. Toyota has developed an AI-powered autonomous driving system called “Advanced Drive” that allows the driver and vehicle to communicate with each other, handing off control of the vehicle seamlessly between driver and vehicle as needed.
Eric Walz2021-04-09 08:00 PT
South Korean company StradVision, a pioneer in AI-based computer vision processing technology for vehicle ADAS and autonomous driving, has announced two major partnerships with a leading German automotive OEM and Tier-1 supplier. As part of the new partnerships, StradVision is supplying its augmented reality technology, including for use in "surround view monitoring" features.
Eric Walz2021-04-07 17:40 PT
The CEO of Alphabet’s Autonomous Driving Division Waymo Steps Down From His Role
John Krafcik, the CEO of Waymo for over five years, announced on Friday that he is stepping down from his role. Waymo spun out of Google’s early self-driving car project and is viewed as the leading developer of self-driving technology. He is being replaced by current Waymo CTO Dmitri Dolgov and COO Tekedra Mawakana. The two will lead the company as co-CEOs.
Eric Walz2021-04-02 15:30 PT
As a way to promote the enhanced capabilities of its latest autonomous driving hardware and software, Chinese electric vehicle startup Xpeng is embarking on a 7-day road trip through China. The trip will cover a distance of 3,675 km (2,283 miles) across six provinces in China. The journey will be the longest autonomous driving expedition by mass-produced vehicles in China, Xpeng said.
Eric Walz2021-03-19 15:30 PT
Eric WalzSep 15, 2021 3:45 PM PT
Electric Truck Startup Rivian Plans to Raise up to $8 Billion in its Upcoming IPO
FutureCar Staff Sep 15, 2021 11:50 AM PT
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