Tesla enters UK electricity market
According to a report from the Telegraph, U.S. electric carmaker Tesla Inc has applied for a license to supply electricity in the United Kingdom. The report citing a company source states, the purpose of the license could be to introduce the company’s Autobidder platform. Tesla’s application did not shed light on why it applied for…
Toyota plans on releasing self-driving level 2 vehicles in 2020
In a statement, Toyota Motor Corp disclosed, its automated driving R&D unit plans on deploying advanced self-driving capabilities in mobility service vehicles before it does so in personal-use vehicles. “‘Level 4’ (driving capabilities) is really what we’re striving for to first appear in mobility as a service,” said James Kuffner, CEO of Toyota Research Institute-Advanced…
HSBC settled forex trades worth $250 billion in 2018
The development marks Blockchain’s technology’s growing traction in the financial industry. In a development that marks Blockchain’s growing traction in the asset management industry, HSBC stated it had settled forex trades worth $250 billion (£194.15 billion) using blockchain in 2018. The development assumes significance since until now this sector had hesitations on embracing blockchain technology.…
Toyota’s opens up on its autonomous automated technologies at CES
Toyota Motor Corp showcased its automated safety technology “Guardian” as well as its full self-driving system – the “Chauffeur” at the annual CES at Las Vegas. As per a statement from Toyota Research Institute’s chief executive Gill Pratt, the carmaker’s automated safety technology “Guardian” will feature in its model “in the 2020s”. Pratt disclosed this…
No job cuts in 2019: Rio Tinto
Despite investing heavily into automated driverless train and trucking solutions to haul ore to its port operations, Rio Tinto Plc stated, it will not be trimming jobs in 2019. On Friday, Australian mining company Rio Tinto Plc stated although it has deployed automated heavy-haul trains to slash costs, it however does not expect to trim…
Ford Motor and Baidu to commence testing of self-driving vehicles in China
The two envisages that by the end of the development and testing process, the vehicles which will reach level 4 technology for autonomous vehicles, will be capable of operating autonomously in certain conditions. On Wednesday, Ford Motor Co and Baidu Inc stated, they have launched a joint venture to test self-driving vehicles on Chinese roads.…
Alphabet Inc’s Waymo the first company to get license to test self-driving cars without backup driver
The development marks a milestone in the testing of autonomous automated vehicles. In a significant development, California’s Department of Motor Vehicles stated, Alphabet Inc’s Waymo unit has been awarded a permit to test driverless vehicles without a backup driver in the front seat. Waymo is the first company to receive such a permit from California’s…
Trump takes strategic steps for U.S. 5G spectrum strategy
The Trump Administration is moving to develop a comprehensive long term spectrum strategy to prepare for the launch of next-generation 5G wireless networks. In a significant development, U.S. President Donald Trump has signed a presidential memorandum directing the U.S. Commerce Department to develop a long-term comprehensive national spectrum strategy to prepare for the launch of…
Wealthfront to launch automated financial planning tool for free
U.S. users can link various non-Wealthfront accounts, including bank accounts, brokerage accounts and information on the value of their homes, to the platform. Wealthfront, one of the largest digital wealth management startups, is set to offer its automated financial planning tool, known as “robo-advisers,” for free by the end of 2018, as part of its…
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