New York (CNN Business)Longstanding speculation that Apple will release its own electric, self-driving car was reignited last week when Reuters, citing unnamed sources, reported that Apple plans to produce a passenger vehicle by 2024. Talk of the iPhone maker's ambitions to break into the auto industry has been swirling for about five years. Expectations for the effort, named Project Titan, range from the company developing its own Apple-branded car to providing operating system software to existing car manufacturers. In April 2017, Apple received a permit from the California Department of Motor Vehicles to test self-driving vehicles there. An Apple car has the potential to be "a transformative event" for the automobile and mobility industry in the coming decades, Morgan Stanley analysts wrote in a note to investors last week -- much as the iPhone changed the game for mobile phones.
New York/Detroit/Bangalore – Toyota Motor Corp. said Monday it has agreed with an affiliate of Amazon.com to expand their collaboration as part of the auto giant's efforts toward developing cloud-connected vehicles. Teaming up with Amazon Web Services Inc., Toyota aims to implement AWS's data analysis throughout the company and use it to help advance progress toward what the carmaker calls CASE, or Connected, Autonomous/Automated, Shared and Electric mobility technologies. Toyota said its Mobility Services Platform will enable it to process and analyze data that can be used to develop vehicle services from ride and car sharing to behavior-based insurance and maintenance notifications. Self-driving vehicles are among the envisioned next-generation products, and Toyota hopes to take advantage of its collaboration with AWS to develop connected vehicles ahead of the widespread use of 5G high-volume cellular networks. Toyota first signed a comprehensive deal with AWS, the cloud service arm of Amazon, in 2017 to analyze data collected from connected cars and apply it to vehicle design, development and maintenance, as well as car-sharing and other services.
Alphabet is using its dominance in the search and advertising spaces -- and its massive size -- to find its next billion-dollar business. From healthcare to smart cities to banking, here are 10 industries the tech giant is targeting. With growing threats from its big tech peers Microsoft, Apple, and Amazon, Alphabet's drive to disrupt has become more urgent than ever before. The conglomerate is leveraging the power of its first moats -- search and advertising -- and its massive scale to find its next billion-dollar businesses. To protect its current profits and grow more broadly, Alphabet is edging its way into industries adjacent to the ones where it has already found success and entering new spaces entirely to find opportunities for disruption. Evidence of Alphabet's efforts is showing up in several major industries. For example, the company is using artificial intelligence to understand the causes of diseases like diabetes and cancer and how to treat them. Those learnings feed into community health projects that serve the public, and also help Alphabet's effort to build smart cities. Elsewhere, Alphabet is using its scale to build a better virtual assistant and own the consumer electronics software layer. It's also leveraging that scale to build a new kind of Google Pay-operated checking account. In this report, we examine how Alphabet and its subsidiaries are currently working to disrupt 10 major industries -- from electronics to healthcare to transportation to banking -- and what else might be on the horizon. Within the world of consumer electronics, Alphabet has already found dominance with one product: Android. Mobile operating system market share globally is controlled by the Linux-based OS that Google acquired in 2005 to fend off Microsoft and Windows Mobile. Today, however, Alphabet's consumer electronics strategy is being driven by its work in artificial intelligence. Google is building some of its own hardware under the Made by Google line -- including the Pixel smartphone, the Chromebook, and the Google Home -- but the company is doing more important work on hardware-agnostic software products like Google Assistant (which is even available on iOS).
The world never changes quite the way you expect. But at The Verge, we've had a front-row seat while technology has permeated every aspect of our lives over the past decade. Some of the resulting moments -- and gadgets -- arguably defined the decade and the world we live in now. But others we ate up with popcorn in hand, marveling at just how incredibly hard they flopped. This is the decade we learned that crowdfunded gadgets can be utter disasters, even if they don't outright steal your hard-earned cash. It's the decade of wearables, tablets, drones and burning batteries, and of ridiculous valuations for companies that were really good at hiding how little they actually had to offer. Here are 84 things that died hard, often hilariously, to bring us where we are today. Everyone was confused by Google's Nexus Q when it debuted in 2012, including The Verge -- which is probably why the bowling ball of a media streamer crashed and burned before it even came to market.
LAS VEGAS (Reuters) - Technology companies transformed smartphones and televisions into continuous fountains of revenue. Now, big tech wants to work with automakers to do the same thing for your car. With the widespread rollout of autonomous vehicles still years away, the two industries have converged on the idea of cars providing services and features delivered "over the air" - that is, over the same wireless data networks used by smart phones. Those services - streaming video, vehicle performance upgrades, dashboard commerce - could answer a pressing need for automakers. They need to learn how to milk their hardware for revenue long after vehicles roll off dealers' lots.
History will be written on Nov. 4 at the VW plant in Zwickau, Germany. Anyone lucky enough to recently visit the factory, which is sealed behind blue rolling doors, entered into a secret world, a hidden industrial laboratory to which only a few Volkswagen employees have access. In its "ghost run," or test operation, orange-colored robots run by highly complex programs and aided by humans and machines assembled eight electric model-ID.3 Serial production is now set to begin on Nov. 4. Depending on how you see it, this marks either the beginning or the end of an era. In the future, 1,500 electric Volkswagen cars are to roll off the assembly line at the plant in the eastern state of Saxony every day, a total of 330,000 vehicles every year, in what the company describes as the "largest and most efficient electric car factory in Europe." The designers of the new compact, C-class ID.3 want to make it a 21st century icon, just as the VW Beetle and VW Golf were in their heydays. That's advertising language, of course, but even from a neutral perspective, it is difficult to overestimate the significance of what is happening: In Zwickau, Volkswagen is ringing the death knell for the combustion engine.
There is one aspect of Tesla where it is miles ahead of the competition. And that is in its use of data to build what might just be the world's most sophisticated, cutting-edge neural network anywhere. Silicon Valley loves buzz words that metaphorically underscore the "next big thing." Data, for instance, was "the new oil." It was just waiting there, an unrefined asset, ready to be tapped, refined and harnessed to drive competitive advantage.
Products/Services Visa agreed to acquire the token and electronic ticketing business of Rambus for $75 million in cash. The business involved is part of the Smart Card Software subsidiary of Rambus. It includes the former Bell ID mobile-payment businesses and the Ecebs smart-ticketing systems for transit providers. Meanwhile, Rambus expanded its CryptoManager Root of Trust product line. "Security is a mission-critical imperative for SoC designs serving virtually every application space," Neeraj Paliwal, vice president of products, cryptography at Rambus, said in a statement.
Facebook has said that it expects to be fined up to $5bn by the Federal Trade Commission for privacy violations. The penalty would be a record by the agency against a technology company and a sign that the United States was willing to punish big tech companies. The social network disclosed the amount in its quarterly financial results on Wednesday, saying it estimated a one-time charge of $3bn to $5bn in connection with an "ongoing inquiry" by the commission. Facebook added that "the matter remains unresolved, and there can be no assurance as to the timing or the terms of any final outcome". We'll tell you what's true.
Tesla has sent a team to investigate a video on Chinese social media which showed a parked Tesla Model S car exploding, the latest in a string of fire incidents involving the company's cars. The video, time stamped Sunday evening and widely shared on China's Twitter-like Weibo, shows the parked EV emit smoke and burst into flames seconds later. A video purportedly of the aftermath showed a line of three cars completely destroyed. The video comes as Tesla is preparing to unveil its "full self-driving" tech at a conference in Palo Alto, California, on Monday. The video is likely to overshadow the company's unveiling of its latest autonomous driving software and hardware.