• Bosch and Daimler partner with Nvidia for self-driving car platform, plan to start testing in 2019

    4 monthes ago - By Venture Beat

    Last year, German automaker Daimler and electronics company Bosch announced they would join forces to develop a fully automated, driverless car system. In a show of progress today, the two announced that they've chosen Nvidia's Drive Pegasus as their artificial intelligence computing platform of choice, and that they'll begin...
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  • A Wall Street analyst says Google has 2 different choices for its car spinoff, and one of them could make Waymo a $180 billion company

    A Wall Street analyst says Google has 2 different choices for its car spinoff, and one of them could make Waymo a $180 billion company

    4 monthes ago - By Business Insider

    Waymo will possess such a big lead in self-driving cars when it launches operations in Phoenix by the end of the year that analyst Mark Mahaney expects the market could start bidding up Google's stock in the near-to-medium term.
    In a report published Tuesday, Mahaney said that he sees Waymo's management choosing one of two business models, either by buying cars and creating a transport company or by licensing out its self-driving operating system.
    In the latter scenario, Mahaney predicts the payday could be big. He estimates that by 2030, Waymo's operating profit could be as high as $35...
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  • GM's $2 billion deal with a Japanese tech giant may give the automaker a big advantage in the race to develop self-driving cars

    GM's $2 billion deal with a Japanese tech giant may give the automaker a big advantage in the race to develop self-driving cars

    4 monthes ago - By Chron

    General Motors
    GM's $2.25-billion SoftBank investment in the Cruise division has given the company equity value that it can use to attract new talent.
    Cruise has grown dramatically since GM bought it in 2016. What started as a 40-employee startup now has 800 people working it.
    GM President Dan Ammann said that another leg of significant growth is on the way as Cruise heads into commercialization in 2019.
    In May, General Motors announced that the Vision Fund of Japan's SoftBank would invest $2.25 billion the carmaker's Cruise self-driving division.
    GM kicked in an additional $1.1 billion...
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