Greg Nichols covers robotics, AI, and AR/VR for ZDNet. A full-time journalist and author, he writes about tech, travel, crime, and the economy for global media outlets and reports from across the U. You might think you should look down toward the water to spot a sub. If you're in North Carolina, you'd be better off looking up. That terrible joke is brought to you by a drone delivery services company called Flytrex, which just announced a partnership with Jersey Mike's Subs.
Beijing is paving the way for driverless robotaxis. China's capital city granted permits to auto startup Pony.ai and Chinese internet giant Baidu to offer self-driving car services to the general public, both companies announced today. Both operations will start out small -- Baidu's fleet will consist of 10 cars and Pony.ai will run four cars, reported CNBC. Eventually both companies plan to expand operations in the city. The Beijing government is requiring a staff member to be onboard each driverless vehicle to make sure things go smoothly.
Tesla CEO Elon Musk isn't one to shy away from making bold claims about what's coming in the future from Tesla. Musk has earned a reputation for making gallant claims, but failing to meet them. Some examples include the affordable Tesla Model 3, introduction of the Cybertruck, and rebirth of the sporty Roadster. Sticking to a timeline is nearly impossible for Tesla. Tesla Robotaxi In The Works In a first-quarter earnings call with journalists, Musk, as reported by Automotive News, stated that the automaker would begin production of a "robotaxi" by 2024.
Tesla CEO Elon Musk is once again talking up the anticipated benefits of the company's long-awaited robotaxi. After once promising to have them on the road by 2020, Musk on Wednesday said "we aspire to reach volume production of [the robotaxi] in 2024." "That really will be a massive driver of Tesla's growth," the CEO said. Beyond that, he touted the impact the vehicle could have on transportation affordability. "Especially with the robotaxi and autonomy, I think we'll end up providing consumers with by far the lowest cost per mile transport that they've ever experienced," he said on Wednesday's Q1 earnings conference call.
CES has become the premier event to showcase new automotive technology. In fact, even before the COVID-19 Omicron variant outbreak, it seemed that the automotive segment was drawing the lion's share of in-person attendance at CES. And throughout CES, I will be highlighting some of the technology advancements aimed at Electric Vehicles (EVs), Advanced Driver-Assistance Systems (ADAS), and Autonomous Vehicles (AV's). Qualcomm announced major enhancements to its product portfolio for ADAS and Autonomous Drive (AD) systems. While the company did not go into detail during its press conference, Qualcomm provided more depth on the announcement during a recent briefing.
The rise of artificial intelligence (AI) will be one of the most important trends of the century. Companies that play leading roles in driving this incredible technology shift forward will likely see incredible business performance and deliver market-crushing returns for shareholders. With that in mind, ASML Holding ( ASML -2.30%) and ON Semiconductor ( ON -2.51%) stand out as top stocks for long-term investors looking to benefit from the AI revolution. Let's take a closer look at why these two companies are on track to facilitate and benefit from the dawning age of artificial intelligence. ASML's extreme ultraviolet lithography (EUV) machines are helping semiconductor manufacturers boost the number of transistors they can fit into a chip, opening the door for improved power and efficiency.
Detroit – With rising gas prices, when the mainstream is actually paying attention to the Electrical Vehicle market, Ford Motor Co.'s CEO Jim Farley has announced that the company is restructuring to create a separate division "Ford Autonomous Vehicles LLC" to focus on autonomous self-driving cars. Ford is partnering with Argo AI, which specializes in the research and development of autonomous vehicles. This partnership helps Ford get head to head with competitors like Tesla & Google's parent company Alphabet, which also has a separate self-driving division called Waymo. The manufacturer also mentioned that they plan to become the mainstream provider of Electrical Vehicles by 2026. Economic car builders like Ford have the resources to build and deliver vehicles in mass quantities compared to companies like Tesla, which are behind on orders.
Alphabet's Wing division has announced that it's launching a drone delivery service in the Dallas-Fort Worth (DFW) metroplex on April 7th. "With this service, the DFW area will be the largest metro in the world, and the first in the United States, with access to on-demand drone delivery," a company spokesperson said in an emailed statement. Wing's primary launch customer is Walgreens, which will deliver health and wellness products directly to customer's homes. For that, it will use a new operational model where drones are staged at one of its own store parking lots, rather than a Wing facility. It will also be delivering ice cream from Blue Bell Creameries, Easyvet prescription pet medications (yep) and first aid kits from Texas Health.
Ready or not, autonomous driving car features are coming. Starting with model year 2024, Nvidia's ( NVDA -2.10%) DRIVE Orin chip and sensor system will be available for use among automakers. But there are other ways to play the development of vehicle autonomy. One of them is small chip designer Ambarella ( AMBA -2.35%). After more than doubling its stock price over the last three years (which includes the recent 60%-plus sell-off from all-time highs), Ambarella is putting up solid numbers as its computer vision chips find their way into more automaker technology designs.
Lucid Motors will use Nvidia's auto-grade computer chips in its vehicles to enable advanced driver assistance and autonomous driving features, the companies announced Tuesday. The automaker's current and future lineup will be built on Nvidia's end-to-end Drive Hyperion platform. Hyperion is the latest iteration of Nvidia's Drive platform that allows automakers to customize their own driving features. This new hardware will form the basis for a new suite of driving features, including advanced driver-assistance systems (ADAS), automated parking, and autonomous driving, the companies said. Lucid released its first EV, the Lucid Air, last year and is already working on a follow-up: a long-range electric SUV code-named Project Gravity.