Market News

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…

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…

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…

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…

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,…

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…

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…

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…

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…

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…