Denso, one of the world’s largest automotive suppliers, announced a significant investment in startup company ActiveScaler, a developer of Managed MaaS (Mobility-as-a-Service) systems powered by artificial intelligence.
Denso’s investment will help expand ActiveScaler’s platform and technologies, which simplify and better customize shared mobility experiences. The agreement also will help accelerate deployment of Managed MaaS systems for leading mobility operators and fleet service providers.
With the increase in global demand for more scalable and efficient services for moving people and goods, ActiveScaler says its technology will help enhance growth and simplify implementation with a modular set of components that enable mobility service providers and fleet managers to tailor MaaS solutions to their specific business needs. Continue reading Denso invests in AI fleet management technology company ActiveScaler
A startup company called Ouster has raised $27 million in its Series A funding round, led by Cox Enterprises, a diversified company which has a very large automotive business unit.
Ouster is a developer of light detection and radar systems, or lidar, which is said to be a critical component in many new technologies, including autonomous cars. A lidar unit can often be seen on top of self-driving cars, and looks a bit like a siren light.
Rewired, the $100 million robotics-focused venture studio and fund, has appointed Silicon Valley technology investment veteran Gleb Chuvpilo as managing partner.
Chuvpilo had previously served as a venture partner with Rewired, helping identify, validate, and collaborate with the firm’s growing list of portfolio companies working with applied science technologies to develop what Rewired calls “the next generation of robotics”.
One of the world’s largest investment banks, JPMorgan, is preparing to employ a robot to work in its global equities business because it’s shown itself to be more efficient than traditional methods of buying and selling, according to a report on the Financial Times website.
The artificial intelligence-based algorithm, which is called LOXM, has been tested in the US and Asia over the first quarter of this year, adds the FT.
The newspaper quotes David Fellah, of JPMorgan’s European Equity Quant Research team, as saying the work LOXM will do was previously done by humans, “but now the AI machine is able to do it on a much larger and more efficient scale”.
Foxconn, the main manufacturer for Apple’s smartphones and tablet computers, is looking for locations in the US to invest $10 billion into setting up factories, according to a variety of reports in the media.
The company has already earmarked $7 billion for a display panel factory after buying the Sharp electronics company, although it’s not certain where it will be located.
German industrial giant Bosch is building a massive semiconductor production plant which would represent the single largest investment in the company’s 130-year history.
The high-tech facility, to be located in Dresden, would employ around 700 staff working on 300-millimeter semiconductor chips which Bosch says has growing applications in the automotive market, smart cities and on the industrial internet, all strong markets for Bosch.