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Market News

GM’s Cruise heads down new road with new robotaxi concept

GM’s Cruise heads down new road with new robotaxi concept

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This image provided by Cruise shows a rendering of an unorthodox electric vehicle called “Origin,” being developed by GM’s Cruise subsidiary. Photo: Cruise via AP General Motors’ self-driving car company will attempt to deliver on its long-running promise to provide a more environmentally friendly ride-hailing service in an unorthodox vehicle designed to eliminate the need…

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JP Morgan announces new division to fund at least $100 billion in emerging-market projects

JP Morgan announces new division to fund at least $100 billion in emerging-market projects

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Jamie Dimon, Chairman and CEO of JP Morgan Chase. Adam Jeffery | CNBC J.P. Morgan Chase announced on Tuesday the creation of its Development Finance Institution to boost private investment in emerging-market projects. The lender said it can finance more than $100 billion annually from its investment bank and created a formal methodology to define…

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Microsoft CEO Says U.S.-China Spat May Hurt Global Growth

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Microsoft CEO Says U.S.-China Spat May Hurt Global Growth Microsoft Corp’s chief executive officer said he worries that mistrust between the U.S. and China will increase technology costs and hurt economic growth at a critical time. Using the $470 billion semiconductor industry as an example of a sector that is already globally interconnected, Satya Nadella…

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Google CEO calls for regulation of artificial intelligence

Google CEO calls for regulation of artificial intelligence

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A metal head made of motor parts symbolizes artificial intelligence. Photo: AP file Google’s chief executive called Monday for a balanced approach to regulating artificial intelligence, telling a European audience that the technology brings benefits but also “negative consequences.” Sundar Pichai’s comments come as lawmakers and governments seriously consider putting limits on how artificial intelligence…

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Mitsubishi Electric: Possible data leak from huge cyberattack

Mitsubishi Electric: Possible data leak from huge cyberattack

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The building housing the headquarters of Mitsubishi Electric Corp. in Tokyo’s Chiyoda Ward on Jan. 20 (The Asahi Shimbun) Multiple cyberattacks likely leaked information from Mitsubishi Electric Corp., a leading electronics equipment maker that is deeply involved in defense, infrastructure and transportation projects, sources close to the company said. They said the company suspects Tick,…

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The CEO Of Aurora Explains Why The Self-Driving Startup Bought A Laser-Radar Company That’s Completely Off The Tech-Industry Grid

The CEO Of Aurora Explains Why The Self-Driving Startup Bought A Laser-Radar Company That’s Completely Off The Tech-Industry Grid

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Aurora CEO and Google veteran Chris Urmson has reasons why his startup bought an obscure company based in Bozeman, Montana. Blackmore, the laser-radar company located some 100 miles southeast of Montana’s capital and founded in 2015, lives in the unlikeliest of places for a self-driving tech startup. But Urmson said that Aurora was attracted to…

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Joby Aviation raises $590 million led by Toyota to launch an electric air taxi service

Joby Aviation raises $590 million led by Toyota to launch an electric air taxi service

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Photo: TechCrunch Aviation has raised a $590 million Series C round of funding, including $394 million from lead investor Toyota Motor Corporation, the company announced today. Joby is in the process of developing an electric air taxi service, which will make use of in-house developed electric vertical take-off and landing (eVTOL) aircraft that will in…

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Toyota to build prototype city of the future in Japan

Toyota to build prototype city of the future in Japan

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Akio Toyoda, president of Toyota Motor Corporation, announces Toyota’s plans to build a prototype city of the future on a 175-acre site at the base of Mt. Fuji in Japan, during the 2020 CES in Las Vegas, Nevada, U.S. January 6, 2020. REUTERS/Steve Marcus Toyota Motor Corp plans to build a prototype “city of the…

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Auto sector tech innovations speed ahead at CES

Auto sector tech innovations speed ahead at CES

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Bosch chief technical officer Michael Bolle (L) and Bosch president for North America Mike Mansuetti (R) speak about lidar sensors at CES in Las Vegas Photo: AFP Fully autonomous cars are on a slow path to mass deployment, but a range of other vehicle technology is speeding ahead. Here are some of the innovations causing…

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Future of mobility: Some wild rides seen ahead at tech show

Future of mobility: Some wild rides seen ahead at tech show

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Rinspeed’s concept vehicle MetroSnap, seen at the 2020 Consumer Electronics Show, can be adapted to users’ needs Photo: AFP In the not-too-distant future you could ride one, two or three wheels… or maybe none at all. Tech-inspired solutions for mobility — on land, air and water — featured prominently at the 2020 Consumer Electronics Show…

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