According to a source familiar with the matter at hand, Hyundai Motor Group has agreed to acquire a 80% stake in Boston Dynamics from SoftBank Group in a deal worth around $736 million to $828 million (800 billion to 900 billion won). The development assumes significance since Hyundai can leverage the technology to expand automation…
While the automotive industry typically takes years of planning to place its assembly lines, Tesla accomplished the task in 2 weeks. According to an employee from Tesla Inc, the carmaker’s CEO Elon Musk, is doing all he can, even if it is disrupting the production of the Model S and X, in his drive…
Tesla has hired Snap Inc’s Stuart Bowers who will now be its vice president of engineering. Electric carmaker Tesla Inc stated it has hired Stuart Bowers, Snap Inc’s vice president of monetization engineering, as its VP of engineering. He will work on Tesla’s Autopilot software and other projects. In recent days, several senior executives have…
By 2025, China aims to displace U.S. dominance in the artificial intelligence industry. On Thursday, China’s news agency Xinhua stated, Tianjin plans on setting up funds worth $16 billion (100 billion yuan) to support the artificial intelligence industry. By 2025, China wants to become the world leader in artificial intelligence and displace the United States…
With Sony’s sensor business contributing the bulk of its 2017-2018 earnings, the company plans on ramping up their deployment in factory automation, image sensors and self-driving cars, key technologies for tomorrow. Riding on the surging sales of its image sensors, Sony Corp is poised to report its highest-ever earning this year. The firm also plans…
Although Toyota AI Ventures aims to spread its investments worldwide, Israel’s penchant for excelling in high technology areas has increasingly drawn global attention to its startups. Following Toyota Motor Corp’s venture arm leading a $14 million investment in Israeli robotics company named Intuition Robotics earlier in July, the Japanese giant is looking to further invest…
Investors are increasingly looking to reap in the benefits of cutting edge industrialization with hi-tech software prowess such as machine learning and artificial intelligence. No wonder, European Companies, including Siemens and ABB, have become a favorite among investors. Investment funds who are looking to reap rich rewards at the intersection of European efficiency and technology…
Here is what Tim Cook told MIT graduates regarding AI & robotics. While addressing thousands of students at MIT’s campus in Cambridge, Massachusetts, Tim Cook, Apple’s CEO urged graduates to infuse human elements in the field of robotics and artificial intelligence. “I’m not worried about artificial intelligence giving computers the ability to think like humans,”…
With the purchase SoftBank is positioning itself for the coming data “gold rush”. On Friday, the SoftBank Group Corp stated it would be acquiring two firms that build robots that could walk from Alphabet Inc. The purchase marks an increase of artificial intelligence companies in the group’s portfolio. The Japanese conglomerate will be acquiring U.S.-based…
Although lagging slightly behind rivals, the company has earmarked a record $6.84 billion for R&D purposes and has acknowledged that producing smart cars is central to its survival as a car manufacturing company. Honda Motor Co has now spelled out its autonomous vehicle development strategy with which it will take on rivals for the first…
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