Markets News 

automating all ships could generate a ridiculous amount of revenue

“It launched a regulatory scoping exercise last year to analyze the impact of autonomous boats” reports vice.com. Buffalo Automation, a startup in upstate New York that began at the University at Buffalo, just raised $900,000 to help commercialize its AutoMate system—essentially a collection of sensors and cameras to help boats operate semi-autonomously.In the autonomous revolution that is underway, nearly every transportation machine will eventually be self-driving.Startups and major firms like Rolls Royce are now looking to automate the seas and help maritime companies ease navigation, save fuel, improve safety, increase…

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Every big tech firm in China is becoming a self-driving car company

“Last month, a local news outlet based in Hangzhou reported that the city had built its first route (link in Chinese) for autonomous driving tests” writes Echo Huang for qz.com. Baidu, which ventured into autonomous driving long before Tencent and Alibaba, has been developing its self-driving system Apollo since 2015 (link in Chinese). Source: qz.com Share This:

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China’s tech giants are venturing into autonomous driving

“Last month, a local news outlet based in Hangzhou reported that the city had built its first route (link in Chinese) for autonomous driving tests” writes Echo Huang for qz.com. Baidu, which ventured into autonomous driving long before Tencent and Alibaba, has been developing its self-driving system Apollo since 2015 (link in Chinese). Source: qz.com Share This:

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Crypto News 

An Operating System for Building Effectively Scalable…

“The open-source nature of this technology makes it possible for thousands of creators to jointly produce decentralized applications (DApps)” reports livebitcoinnews.com. A toolkit that will enable developers to effectively create implementable Decentralized Applications (DApps) is a pressing need and determinant for the next phase of development that will sweep through the blockchain ecosystem. Source: livebitcoinnews.com Share This:

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VW’s new chief wants the automaker to be fit and ready for the tech revolution

“The new leader of the Volkswagen Group says his priority is to make the world’s biggest auto company ready for a rapid technological change” writes unknown author for cnbc.com. Diess told CNBC’s Annette Weisbach at the company headquarters in Wolfsburg Friday that the most important thing is to cope with rapid changes affecting the auto industry. The incoming group boss also said that the company’s labor council, which represents the interest of the company’s workers, was “fully committed” to the structural and operational changes.”There is not much room for decision…

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China lays out self-driving rules in global race: China Daily

“SHANGHAI (Reuters) – China has laid out national guidelines for testing self-driving cars as it looks to keep pace with the United States in a global race to develop autonomous vehicles, the China Daily newspaper reported on Friday, citing the country’s industry ministry” writes Midwest Communications Inc for 95kqds.com. China is making a major push into autonomous smart vehicles, keen to have its own national champions in self-driving to compete with global leaders such as Waymo, the self-driving arm of Google parent Alphabet Inc, and Tesla Inc. Source: 95kqds.com Share This:

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LIDAR maker Luminar is scaling up and slashing costs in effort to dominate self-driving cars

“Waymo, the self-driving unit of Alphabet, makes its own proprietary LIDAR. Cruise, the autonomous driving division of GM, recently acquired a startup called Strobe” writes Apr Edt for theverge.com. And the latest challenger, Luminar, has been slashing costs and scaling rapidly as it seeks to make its mark on this fast-growing industry. Source: theverge.com Share This:

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News Platforms 

Mapillary raises $15 million to boost its digital mapping for self-driving vehicles

“Sweden-based Mapillary announced today that it has raised a new round of financing to accelerate its development of an independent mapping data system for autonomous vehicles” writes Chris O’brien for venturebeat.com. Mapillary creates a database of street-level images and then uses its computer vision technology to analyze the data contained in those images.Mapillary is a collaborative platform that crowdsources its imagery from users who download its app and take street-level pictures with their smartphones.Those are then shared into Mapillary’s system, where the computer vision technology breaks them down into objects…

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Tesla puts blame on driver in fatal autonomous car crash

“Tesla Inc. defended its semiautonomous Autopilot system in the wake of a fatal crash last month, blaming the incident on the driver after his family hired a lawyer to explore legal options” writes Tim Higgins for marketwatch.com. The auto maker a week later said that the SUV’s Autopilot was activated in the moments leading up to the crash and that the driver’s hands weren’t detected on the wheel for six seconds before the crash. Source: marketwatch.com Share This:

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Cities Need To Band Together On Self-Driving Cars

“At the federal level, autonomous vehicles need only comply with basic automobile-safety standards” writes Justin Peters for slate.com. This is most evident with the swift rise of autonomous vehicles in cities across the U.S. and beyond.A new association of cities would join in a common cause for engagement, transparency, data sharing, and collaborative experiments to make autonomous vehicles work for cities.These cities should work with others like Houston, Atlanta, and Phoenix, which have incredibly different transportation-system demands and different initial approaches to autonomous vehicles. Source: slate.com Share This:

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