The ride-hailing company Lyft is now sending self-driving cars to pick up passengers in a Boston neighborhood. The cars will have backup human drivers at the wheel and will be limited to short routes within the city's Seaport District, a burgeoning tech startup hub. Lyft and its Boston-based partner nuTonomy, which builds self-driving software, announced Wednesday that the pilot project has begun. The Renault Zoe EVs will be limited to short routes within the city's Seaport District The cars will initially be a small number of Renault Zoe EVs, which Nutonomy began road-testing in Boston starting last November. Nutonomy engineers are already working on integrating Lyft software into'a couple of' vehicles, to be deployed sometime'in the coming months,' for actual customer pickups, though no more specific timeline was given.
DUBLIN--(BUSINESS WIRE)--The "Automotive Artificial Intelligence - Global Market Outlook (2017-2023)" report has been added to Research and Markets' offering. The Global Automotive Artificial Intelligence Market accounted for $563.58 million in 2016 and is expected to reach $5,265.81 million by 2023 growing at a CAGR of 37.6% during the forecast period. The automotive industry has seen the promise of artificial intelligence (AI) technology, and is among the industries at the forefront of using AI to augment human actions and to mimic the actions of humans. The arrival of standards such as the adaptive cruise control (ACC), blind spot alert, and advanced driver assistance systems (ADAS) and rising demand for convenience and safety presents an opportunity for OEMs to build up novel and innovative artificial intelligence systems that would attract customers. Although 2016 was spoiled by some technological failures in self-driving cars, the year als-observed a couple of successful test runs in the US.
Uber's growing string of scandals almost certainly played a role in the discounted valuation. The most recent problem was made public on Tuesday in a federal courtroom in San Francisco. Federal prosecutors are investigating allegations that Uber deployed an espionage team to plunder trade secrets from its rivals. The revelation triggered a delay in a high-profile trial over whether the beleaguered ride-hailing service stole self-driving car technology from a Google spinoff.
POINT ROBERTS, WA--(Marketwired - November 20, 2017) - Investorideas.com, a global news source covering leading sectors including artificial Intelligence and robotics issues a sector snapshot and video showcasing companies using the technology, including Amazon.com, Apple co-founder Steve Wozniak also discusses the history and future of AI at Money20/20 and how he views the current state of the technology including self-driving cars (Tesla Motors). According to CBinsights.com over $15B has been poured into AI companies in the last 5 years. All the big companies are investing in AI and machine learning technology as a path to the future; Apple, Google, IBM, Intel, Microsoft, NVidia, Qualcomm, Tesla Motors, Square and Amazon are amid an ever-growing list of players. Research and Markets says "The global artificial intelligence market is expected to reach USD 35,870.0 million by 2025 from its direct revenue sources, growing at a CAGR of 57.2% from 2017 to 2025, whereas it is expected to garner around USD 58,975.4 million by 2025 from its enabled revenue arenas.
A religion based around artificial intelligence is in the news again, this time helmed by Anthony Levandowski, a former member of Google's self-driving car team. His argument is that humans will eventually create AI that is more intelligent than we are, making it functionally god-like, so we might as well start planning for that eventuality. His thinking about the rise of super intelligent machines runs parallel to that of Elon Musk, who has been trumpeting the risks of artificial superintelligence on Twitter and in public appearances. But while talking about an AI god grabs headlines, we have more pressing problems to consider. The AI experts I get to speak with aren't concerned about an artificial superintelligence suddenly cropping up in the next few months and taking over the world.
Uber rival Lyft is raising an additional $500 million in funding ion its ongoinjg battle with Uber, according to a U.S. share authorization document filed in Delaware. The additional funding round, led by Alphabet's CapitalG, is an extension of the $1 billion round announced in October. The additional funding round, led by Alphabet's CapitalG, is an extension of a $1 billion round announced in October, and raises the firm's valuation to $11.5 billion Axios was first to report the news. In October Lyft had said that the previous round of funding boosted its valuation to $11 billion from $7.5 billion. The fresh funding would raise its valuation to $11.5 billion.
U.S. ride-hailing firm Lyft has secured a permit to test autonomous vehicles in California, taking it one step further in the race with several other companies to bring self-driving cars to the masses. Lyft's permit, reflected on the California Department of Motor Vehicles (DMV) website, comes two months after it announced plans to offer a self-driving car as a ride option in the San Francisco Bay Area. Lyft already has partnerships in place with autonomous car companies to advance its self-driving strategy. Ride-hailing firm Lyft Inc said on Monday it would launch its service in Toronto, marking the first international expansion for the U.S.-based rival of Uber Technologies Inc. Ford self-driving test vehicles will be connected to Lyft's network, but at first, customers will not be able to use them, according to Sherif Marakby, Ford's vice president for autonomous vehicles and electrification.
The Renault Group announced today that its autonomous vehicle control system can avoid obstacles just as well as professional test drivers. The company said that in designing the system, it was actually inspired by these drivers' abilities and used them as a sort of benchmark as to what level its technology should be performing. "Despite popular belief, the reality is that human beings are pretty amazing drivers, with less than one fatality per 100,000,000 kilometers in most developed countries," Simon Hougard, director of the Renault Open Innovation Lab, wrote in a Medium post. "Reaching and exceeding that benchmark is essential to improve safety and realize our dreams of autonomous cars, providing more productivity during our morning commutes and robo-vehicle services in city centers." The technology is a result of Renault's collaboration with Stanford University Dynamic Design Lab Director Chris Gerdes, who's also a former US Department of Transportation Chief Innovation Officer, and Renault says it will help with its goal to be one of the first companies to bring "mind off" technology to the public.
US auto retailer AutoNation Inc announced a multi-year partnership on Thursday to support Alphabet Inc's Waymo self-driving car unit, including vehicle maintenance and repairs as the company adds new brands into its fleet, sending its shares up 13 percent to a high for the year. That news was accompanied by a better-than expected third-quarter profit as AutoNation performed well despite the impact of hurricanes during the quarter. There is fierce competition between large automakers to bring self-driving cars to market first. Lauderdale, Florida-based AutoNation is the latest in a series of recent partnerships the self-driving unit has formed. Google has revealed the self driving minivans it hopes could revolutionize the way we travel.
Tesla racked up a $619 million loss in the third quarter, its biggest-ever, driving its shares sharply lower as the electric-car maker spends to speed up production of its more affordable Model 3 sedan. The company, led by Silicon Valley star Elon Musk, also confirmed it had missed its Model 3 production goal for the third quarter, producing only 260 vehicles compared to an earlier estimate of 1,500. Its shares fell 5.4 percent in after hours trading. The company said it had $3.53 billion in cash and cash-equivalents as of Sept. 30, compared to $3.04 billion at the end of the second quarter. Tesla said last month it delivered 26,150 vehicles in the third quarter, a 4.5 percent rise on the same period of 2016, but added that "production bottlenecks" had left the company behind its planned ramp-up for the $35,000 Model 3. On Wednesday it said it now hoped to achieve a production rate of 5,000 per month by the end of the first quarter of next year, pushed back from the end of this year.