Bloomberg Delphi Automotive Plc agreed to acquire self-driving startup NuTonomy Inc. for $450 million, speeding up its plans to supply carmakers with autonomous vehicle systems. NuTonomy will add more than 100 employees, including 70 engineers and scientists, to roughly double Delphi’s team developing autonomous driving software, according to a statement. The company was spun out from a research and technology ...
Read More »Technology
Google’s new software to make chemists’ use easy
Bloomberg Google unveiled software aimed at making it easier for scientists to use the quantum computers in a move designed to give a boost to the nascent industry. The software, which is open-source and free to use, could be used by chemists and material scientists to adapt algorithms and equations to run on quantum computers. It comes at a time ...
Read More »Nintendo takes Animal Crossing to phones in new move
Bloomberg Nintendo Co. has made its biggest move in mobile gaming so far with plans to add Animal Crossing: Pocket Camp as its third smartphone title. The game will be available on both Apple Inc.’s iOS and Android from late November and is the first smartphone iteration of a popular series about anthropomorphic animals. It will be free to download ...
Read More »Foxconn, IDG seek $1.5bn to fund auto-tech startups
Bloomberg Foxconn Technology Group and venture firm IDG Capital are seeking to raise a 10 billion yuan ($1.5 billion) fund to seed startups in automotive technologies from self-driving AI to battery development, according to a presentation for investors. Foxconn and IDG initiated talks with government-backed funds, financial institutions and financiers several months back, according to a document presented to potential ...
Read More »Sidewalk, Waterfront Toronto to build digital city in Canada
Bloomberg Alphabet Inc.’s autonomous vehicle technology will be a big part of its Toronto project to make urban life more Googley. Sidewalk Labs LLC, a unit of Google parent Alphabet, and Waterfront Toronto unveiled plans to build a digital district in Canada’s largest city. Sidewalk’s official plans filed with the city and released include visions of all sorts of robotic ...
Read More »Shares of Apple, suppliers fall after lower iPhone 8 orders
Bloomberg Shares of Apple Inc. and some of its suppliers fell on signs that demand for the new iPhone 8 models isn’t as strong as anticipated while buyers await the release of the higher-end iPhone X. The Taipei-based Economic Daily News reported that Apple cut orders for its latest model, which went on sale last month, by more than 50 ...
Read More »Samsung to open London store to rival Apple
Bloomberg Samsung Electronics Co. has agreed to a deal to open a new space in London’s King’s Cross district which will serve as a showcase for its products and technology, two people with knowledge of the plan said. The technology giant is finalising details to lease the 20,000 square feet top floor of the under construction Coal Drops Yard mall, ...
Read More »Canada, a leader in AI, now takes aim at driverless cars
Bloomberg Having built an impressive lead in artificial intelligence, Canada is keen to do the same in driverless cars—specifically the lidar (laser radar) technology that lets these vehicles see where they’re going. The nation’s main contender is LeddarTech Inc. The Quebec City-based company makes solid-state technology it says is better and cheaper than earlier versions of lidar and sells it ...
Read More »Volkswagen to roll out electric trucks, buses in $1.7bn push
Bloomberg Volkswagen AG is flanking its push into electric cars with plans to roll out battery-powered commercial vehicles targeted at urban areas as growing public concerns about air quality boost demand. The Volkswagen Truck & Bus division will invest 1.4 billion euros ($1.7 billion) in new technology including electric drivetrains, autonomous systems and cloud-based software, Andreas Renschler, head of the ...
Read More »Facebook touts $199 Oculus Go VR headset in mainstream push
Bloomberg Facebook Inc. unveiled a cheaper virtual-reality headset that works without being tethered to a computer, rounding out its plan for pushing the emerging technology to the masses. The new $199 wireless headset, called Oculus Go—meant to be the company’s most accessible VR device—will be available in early 2018. Facebook also trimmed the price of its high-end Oculus Rift headset ...
Read More »