General Motors $GM will invest USD300 million in Chinese autonomous vehicle startup Momenta. This investment is a strategic partnership that will support GM in building autonomous technologies for future models in China
NVidia continues its expansion of dynamic future segments. Self-driving is the latest, after announcing its acquisition of DeepMap who produce detailed and accurate high-fidelity 3D maps. $NVDA has been dominating Gaming and Big Data chips markets.
Domino’s Pizza is having another foray into self-driving pizza delivery, They have partnered with autonomous driving tech startup Nuro in Houston to deliver pizza’s to counter a driver shortage and growing demand. Domino’s and Ford ran a pilot self driving project in 2017. Who get’s the tip?
Advanced Micro Devices reported worse than expected earnings after the close Wednesday. $AMD shares fell over 20% premarket, after falling 9.2% before the release The chip maker had been sold off with concerns about cryptocurrency demand falling.
Mining giant Rio Tinto has been approved by the Australian Office of the National Rail Safety Regulator to operate the world’s first heavy haul, long distance autonomous rail operation for it’s ironore operatioin in Western Australia. $RIO says AutoHaul will improve safety, productivity and lower costs.
Advanced Micro Devices reported much better than expected earnings after the close Wednesday. $AMD shares soared over 8% higher. The chip maker had been sold off with concerns about cryptocurrency demand falling.
Google and Tesla have told us that autonomous or self driving technology is ready and firms like UPS have put in orders for Tesla’s lorries. What’s the hold up? Making it legal, in 2018 we expect more states to jump on board.
Magna’s North American sales, which makes up bulk of its total sales, rose 14.2 per cent to US$2.50 billion in the third quarter, lifting up its total sales by 7.3 per cent to US$9.50 billion and the company raised its full-year sales forecast.
High-performance graphics chip pioneer NVidia reported much better than expected fiscal Q3 earnings after the market close on Thursday. $NVDA has the pulse on hot technology product lines include, data centers, artificial intelligence, digital currencies, machine learning and self-driving cars.
Tesla $TSLA has been developing an Articial Intelligance (AI) Chip for self driving car using $AMD intellectual property CNBC reported. $AMD shares closed 4.7% higher and continued to be up 8.3% through after hours.Tesla’s new chip will likely reduce its reliance on Nvidia $NVDA