According to sources familiar with the matter at hand, Chinese electric vehicle startup Great Wall Motor plans on launching a new standalone brand for electric and smart vehicles in China, as it tries to pursue growth in this burgeoning segment. Inspired by U.S. technology and auto giant Tesla Inc, several Chinese automakers have announced plans…
In a statement Uber Technologies Inc said, it is selling its autonomous driving unit, Uber Advanced Technologies Group (ATG), to self-driving car startup Aurora; the development underscores Uber Technologies Inc’s drive to accelerate its goal to achieve profitability. According to sources familiar with the matter at hand, the equity deal values ATG at $4 billion,…
In a statement the head of cyber security at the United Arab Emirates stated the Arab state is facing increased incidents of cyber attacks after establishing formal ties with Israel. In August, breaking a decades old policy, in a landmark shift the UAE agreed to formally establish diplomatic ties with Israel, Following the move, Bahrain…
In an interview, to Germany’s Wirtschaftswoche weekly magazine, Herbert Diess, Volkswagen’s CEO stated the carmaker expects autonomous vehicles to be ready for sale between 2025 and 2030. Improvements in artificial intelligence, as well as improvements in the performance of computer chips are speeding up the development of autonomous vehicles. “It is foreseeable that the systems…
In a significant development, U.S. President Donald Trump has signed an executive order setting the stage for increased usage of artificial intelligence in the decision making process of federal agencies. In a statement, the White House said, it was setting nine principles for the design, development, acquisition and usage of artificial intelligence in government departments.…
According to sources familiar with the matter at hand, Amazon.com Inc is in talks to acquire podcast startup Wondery which has a valuation of more than $300 million. Sources have cautioned that negotiations are ongoing and there is no certainty that a deal will be struck. Last month, Bloomberg News had reported that both, Sony…
Uber Technologies is in advanced talks to sell “Uber Elevate”, its air taxi business, to aerospace firm Joby Aviation said sources familiar with the matter at hand. Uber did not immediately respond to requests for comments. With the news reaching the market, Uber’s shares rose by more than 6%. Earlier this year in January Hyundai…
On Thursday, during a news conference, Katsunobu Kato, Japan’s chief spokesman for the government stated, the trade ministry is weighing options to support a shift to electric-powered vehicles and will map out a plan by the end of this year. Japan plans on stopping the sale of new gasoline powered cars by mid-2030s in favour…
Singapore has given the go-ahead to Eat Just, a U.S. startup, to sell its lab-grown chicken meat to consumers, marking the first regulatory approval for the so-called clean meat since it does not come from slaughtered animals. Demand for alternatives to meat is surging following consumer concerns about animal welfare, health and the environment. Plant-based…
On Wednesday, in a statement South Korea’s Hyundai Motor Group stated, early next year it will introduce an electric vehicle-only platform which will use its battery technology to cut production time and costs. The plan by Hyundai Motor Group, the world’s No.5 auto group, aims to become a major player in the global EV market,…
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