Britain to make self-driving vehicles road-legal in 2025
Britain announced plans for new regulations and 100 million pounds (approx. $119 million) in financing on Friday to have self-driving vehicles on the roads by 2025.
The government stated that it wished to capitalize on the burgeoning market for self-driving vehicles, which it appraised at 42 bil... Read more
Tesla is being investigated for two new fatal crashes
The Tesla cars' fatal crashes made the National Highway Traffic Safety Administration(NHTSA) investigate Tesla.
Recently, Tesla has been under investigation by the National Highway Traffic Safety Administration for two recent fatal crashes of Tesla cars.
The first car crash happened recently ... Read more
John Deere invests in autonomous tractors
Autonomous vehicles may shortly be on the horizon after all. Not on public roads, mind you, but in a field nearby. John Deere has announced the purchase of an AI package from Light, a startup that specializes in algorithms for self-driving vehicles. With that, the autonomous farm suddenly comes clo... Read more
Bosch acquires autonomous driving startup Five.ai after pivot to B2B
Self-driving startup, Five.ai, was acquired by Bosch.
Bosch recently announced that they’re acquiring Five.ai – an autonomous driving startup that began with mega ambitions to create and function its fleets of “Robo-taxi.” However, they eventually pivoted to focus on tech developme... Read more
Intel’s Mobileye intends to go public at a valuation of over €45B
Mobileye, Intel's autonomous driving division, has filed to go public with the US Securities and Exchange Commission.
In its confirmation of the plan, Intel did not include financial information such as the number of shares to be sold. When Intel originally revealed intentions to take Mobileye p... Read more
Bosch expands autonomous driving expertise with Atlatec acquisition
With an acquisition, Bosch is extending its expertise in autonomous driving and boosting its market position. Atlatec, situated in Karlsruhe, Germany, will become part of the Bosch Cross-Domain Computing Solutions division but operate independently.
Atlatec is a leading producer of high-reso... Read more
Alphabet’s Waymo raised $2.5 billion to develop autonomous vehicles
Waymo announced that it raised $2.5 billion from its parent company, Alphabet, and a dozen outside investors. It disclosed that the money is going to be used in its efforts to deploy autonomous vehicles for use on public roads.
The funding round brings the total amount of capital invested into W... Read more
Autonomous AgBot makes farmers more efficient and sustainable
We come across all kinds of interesting projects around automation and digitalization during the year. As far as we are concerned, the autonomous tractor developed by the Dutch company AgXeed is certainly one of them. This vehicle should allow farmers to work more efficiently and sustainably. We sp... Read more
‘Amazon pays $1.2 billion for autonomous vehicle startup Zoox’
Amazon reported last week that it is buying Zoox. The company is an autonomous vehicle startup backed by a reported $1 billion in venture capital. Zoox was valued at $3.2 billion, after a recent round of funding. Amazon is paying $1.2 for the startup.
Even with the valuation discount, it is repo... Read more
‘Amazon in advanced talks to acquire self-driving car startup Zoox’
Amazon is reportedly in negotiations about a potential acquisition of the American startup Zoox that specialises in autonomous vehicles.
According to Bloomberg, Amazon plans on using the acquisition to further automate its distribution. For example, self-driving cars could play a role in deliver... Read more