Elsevier has released four new books on the subject of Artificial Intelligence. Below, the publisher provides an overview of each of the books [Read more…] about Books: Artificial intelligence – a feast for the brain
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Growing power: A quick look at the market for electric cars
Will electric cars become more common than petrol cars? New developments suggest that they just might.
There are 1 billion cars in the world today. And only 1 million of them are fully electric vehicles.
But electric cars are growing in number, as auto giants take more interest. As Pamela Fletcher of GM says: “The electric drive is the ultimate luxury attribute – the absolute smoothness of the driving experience, the quietness… the acceleration.” [Read more…] about Growing power: A quick look at the market for electric cars
Audi shows off its smart factory technologies
Audi has been demonstrating its advanced manufacturing technologies, much of which went into building its newly opened smart factory in Mexico, where the automaker’s Q5 vehicle is being produced. [Read more…] about Audi shows off its smart factory technologies
nuTonomy to test its self-driving cars on public roads in Boston
On-street testing will begin before the end of 2016 in Raymond Flynn Marine Park
nuTonomy, the developer of software for self-driving cars, has signed a deal with the City of Boston and the Massachusetts Department of Transportation that authorizes nuTonomy to begin testing its growing fleet of self-driving cars on specific public streets in a designated area of Boston.
nuTonomy will begin testing its self-driving Renault Zoe electric vehicle before the end of the year in the Raymond L Flynn Marine Park in the Seaport section of the city.
nuTonomy outfits its vehicles with a state-of-the art software system, which has been integrated with high-performance sensing and computing components, to enable safe operation without a driver. [Read more…] about nuTonomy to test its self-driving cars on public roads in Boston
‘Chinese companies lead the way in fintech innovation’
China-based investment expert Edward Tse, CEO of Gao Feng, says financial technology companies are thriving in China
With the Chinese government keen to encourage innovation the fintech revolution is quickly gaining pace. Financial technologies companies backed by Chinese venture capital raised $2.4 billion in the first quarter of 2016, according to accounting firm KPMG.
This represented a 49 per cent share of global fintech investment in the period, bigger than that of North America and Europe combined.
Ant Financial Services Group, Alibaba Group Holding’s fintech affiliate, itself raised $4.5 billion in April, making it the largest round of funding for a fintech company in the world. [Read more…] about ‘Chinese companies lead the way in fintech innovation’
AImotive launches self-driving automotive technology powered by artificial intelligence
AImotive – formerly known as AdasWorks – claims to be the first to enable an artificial intelligence ecosystem for autonomous driving regardless of location, driving style or driving conditions
AImotive has launched what it says is a “full stack technology solution and the most powerful artificial intelligence software” for the automotive industry, designed to provide self-driving vehicles better safety, improved comfort and increased productivity.
AImotive used to be called AdasWorks, and the new name reflects the broader vision to “bring global accessibility to self-driving vehicles, faster and safer than any other company in the world”.
The AImotive product suite delivers the robust technology required to operate self-driving vehicles in all conditions, and adapts in real-time to different driving styles and cultures, says the company. [Read more…] about AImotive launches self-driving automotive technology powered by artificial intelligence
Bank of America hires chatty virtual robot
By David Henry, Reuters
Bank of America plans to provide customers with a chatty “virtual assistant” named Erica that will use artificial intelligence to make suggestions over mobile phones for improving their financial affairs.
Michelle Moore, head of digital banking for Bank of America, said in an interview on Monday that Erica will be smarter than a robot because she will bring up topics on her own, using predictive analytics as opposed to only answering questions customers ask.
For example, Erica may recommend taking steps to lift a sagging credit rating she noticed. Or, she may propose a customer make higher monthly payments on an outstanding credit card balance to reduce interest expenses. [Read more…] about Bank of America hires chatty virtual robot
Toyota launches connected car platform and partners with Getaround to compete with Uber
Toyota follows up its Microsoft deal with partnership with Getaround in bid to challenge Uber
Toyota says it will launch a Mobility Services Platform (MSPF) to collaborate with various service providers, as well as telematics insurance.
Based on the proliferation and popularity of mobility services, like car-sharing, the MSPF will have various functions to support mobility services, and leverage the Toyota Smart Center (TSC), the Toyota Big Data Center, and financial services.
Shigeki Tomoyama, president of Toyota Connected, says: “As a mobility service platform provider, by collaborating with various companies and services, we would like to help create a new mobility society in order to offer safer and more convenient mobility to our customers.” [Read more…] about Toyota launches connected car platform and partners with Getaround to compete with Uber
The Toyota Corolla at 50: The best-selling car of all time
The Toyota Corolla is by far the best-selling model of car ever made, with close to 50 million units sold since its launch in 1966.
The company commemorated the 50th anniversary last month of “the car for everyone” by producing a video and other content looking back on its success in putting Toyota on the global automaking map.
One notable story told of how one owner has been driving his first-generation Corolla since he bought it in 1969 at the age of 24. [Read more…] about The Toyota Corolla at 50: The best-selling car of all time
China making ‘30 per cent more industrial robots’
China made 30 per cent more industrial robots in the first nine months of this year compared to the same period last year, according to the Communist government’s propaganda outlet CCTV.
CCTV quoted a “ministry of industry and information technology official”, who was speaking at the Shanghai Industry Fair last week, when providing the figure.
China is already thought to be the world’s largest market for industrial robots, but it wants to become a maker of the machines as well. [Read more…] about China making ‘30 per cent more industrial robots’