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Hitachi establishes venture capital fund for start-up partners

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On 1 June, Hitachi is to establish a new corporate venture capital (CVC) fund, Hitachi Ventures Fund, and unit, Hitachi Ventures GmbH (HVG), whose responsibility will be to identify and acquire equity interests in fast-growing innovative start-ups globally.

HVG will hire top external talents with experience and capability on CVC activities to invest to and collaborate with start-ups globally.

Stefan Gabriel, former president of 3M New Ventures, is to be CEO of HVG. The unit will start life with $150M.

[Read more…] about Hitachi establishes venture capital fund for start-up partners

Robotic toymaker Anki to close down

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Anki, a startup company which made robotic toy cars and trucks, is planning to close its doors, according to a report on the Recode website.

The company had raised more than $200 million in funding for the venture, and generated $100 million in revenue in 2017, but is now making all of its 200 employees redundant.

In a statement to Recode, the company says that it had been left “without significant funding” which meant it could not finance its hardware and software development plans going forward.

[Read more…] about Robotic toymaker Anki to close down

Canonical releases new version of Ubuntu operating system

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Canonical has launched a new version of the Ubuntu computer operating system, which is increasingly popular in industrial devices and networks.

The company says the updated version, Ubuntu 19.04, provides the necessary tools for open infrastructure applications, includes a developer desktop, internet of things functionality, and cloud to edge software distribution.

Mark Shuttleworth, CEO of Canonical, says: “The open-source-first on Ubuntu movement in telco, finance, and media has spread to other sectors.

“From the public cloud to the private data center to the edge appliance or cluster, open source has become the reference for efficiency and innovation.

“Ubuntu 19.04 includes the leading projects to underpin that transition, and the developer tooling to accelerate the applications for those domains.”

Motors giant Nidec enters into $260 million joint venture with automaker PSA

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Nidec, one of the world’s largest suppliers of motors and other industrial components, has entered into a joint venture with global automaker PSA Group.

The “Nidec-PSA emotors” joint venture has been created by Groupe PSA and Nidec to initiate the design of “future electric motors”.

Shigenobu Nagamori, CEO of Nidec, and Carlos Tavares, CEO of Groupe PSA, endorsed the establishment of Nidec-PSA emotors, saying the new business will be “dedicated to the design, development, manufacture and sale of electric traction motors”.  [Read more…] about Motors giant Nidec enters into $260 million joint venture with automaker PSA

Effects of artificial intelligence will surpass the industrial revolution, says SoftBank CEO

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The chief executive of telecommunications giant SoftBank says the effects of artificial intelligence will take the world much further and have a more profound effect than even the industrial revolution. 

Masayoshi_Son
An old picture of Masayoshi Son, courtesy of Wikipedia

In an article accompanying a special edition of the CBS news magazine 60 Minutes, SoftBank CEO Masayoshi Son was quoted as saying the new “information revolution” is being partly driven by data collected through billions of sensors.

SoftBank has been buying up a variety of AI and robotics startups, most recently a company called Nauto, which is developing systems for driverless cars.

At the root of the technology, Son says, are microprocessors and microcontrollers. “Those who rule chips will rule the entire world,” he said. “Those who rule data will rule the entire world. That’s what people of the future will say.”

Nvidia developing self-driving technology with truckmaker Paccar

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Nvidia is working with Paccar, a truck manufacturer, on developing solutions for autonomous vehicles. (See video below.)

The collaboration was shared by Nvidia founder and CEO Jen-Hsun Huang during his keynote at the Bosch Connected World conference in Berlin.

Separately, he provided details of Nvidia’s partnership with Bosch, the world’s largest automotive supplier, on self-driving car technology.

“This is probably the largest single mass of a product that we’ve helped make,” said Huang, addressing a crowd of more than 2,000 executives, developers and others attending the event.  [Read more…] about Nvidia developing self-driving technology with truckmaker Paccar

US President Donald Trump pressures automakers to increase production in the US

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By David Shepardson and Roberta Rampton, Reuters

US President Donald Trump pushed the chief executives of General Motors, Ford, and Fiat Chrysler to increase production in the United States and boost American employment.

Trump opened a meeting with GM CEO Mary Barra, Ford CEO Mark Fields and Fiat Chrysler CEO Sergio Marchionne at the White House by saying he wants to see new auto plants built in the United States.

The new Republican president vowed to cut regulations and taxes to make it more attractive for businesses to operate in the United States. He promised frequently during his election campaign to be a job-creating president and stressed that message in his inaugural speech last Friday.  [Read more…] about US President Donald Trump pressures automakers to increase production in the US