Tag Archives: Transportation News

Leading chipmakers MediaTek and Nvidia recently combined resources to “offer a truly unique” in-cabin AI experience in automobiles.  Taiwan’s MediaTek Inc has partnered with US chip-manufacturing giant NVIDIA (NASDAQ: NVDA) to bring enhanced AI tech to automobiles. The partnership seeks to revamp in-car experiences with software-defined, smart cabin solutions using Nvidia’s GPU chiplets. The joint artificial and accelerated computing offerings would be available in a broad vehicle class...

Reputed for being a frontrunner when it comes to AI research and technology, OpenAI has been invested in helping AI-focused startups. American artificial intelligence (AI) company OpenAI may have just closed an investment fund. According to a Securities and Exchange Commission (SEC) filing, the firm raised over $175 million. Reputed for being a frontrunner when it comes to AI research and technology, OpenAI has been invested in helping AI-focused startups. To this end, the platform...

China’s Xpeng shares were trading lower in US pre-trade after the EV company forecast significantly lower vehicle deliveries for Q2.  The shares of Chinese electric vehicle (EV) giant XPeng Motors (NYSE: XPEV) slid 5% following missed Q1 earnings and a gloomy delivery forecast. Xpeng shares sank in US pre-market trade after the company reported a 50% year-over-year (YoY) decline in Q1 revenue. The company raked in income of 4.03 billion Chinese yuan ($571.6 million) compared to the 5.19...

Local media outlets say that Tesla’s 2022 auto production made up 25% of total automotive production in Shanghai. According to Chinese local media reports, Tesla Inc (NASDAQ: TSLA) cars accounted for approximately a quarter of all auto production in Shanghai last year. The US EV automaker’s 25% automotive production value in 2022 underscores the pace of its increased production output in China. Last year, Tesla generated an auto production value of 183.9 billion yuan ($26.4 billion) in...

Google has unveiled two handy features for identifying, marking up, and labeling fake or misleading AI images.   Google (NASDAQ: GOOGL) is rolling out a tool that identifies fake artificial intelligence (AI) images generated via its search feature. Reports state that the company’s new feature would reduce the spread of misinformation by identifying misleading AI imagery. Google’s new image search tools prove handy since AI tools can now seamlessly create photo-realistic imitations....

Following months of repeated price cuts, Tesla has raised the price of some of its EV offerings in China to remain competitive.  Tesla (NASDAQ: TSLA) has hiked the price of its new Model S and Model X electric vehicles in China by 19,000 yuan ($2,751). On Friday, the company’s website reflected the product price increase, which comes on the heels of price hikes for its other cars. Tesla Models S and X EVs to Sell for 808,900 Yuan and 898,900 Yuan in China As it stands, Tesla’s Model S...

Pony.ai is the first and only company to receive such a permit in Guangzhou. Software company Pony.ai has received a permit to operate its driverless robotaxi services in Guangzhou city of China. The startup, which is backed by Toyota Motor Corp., now has the authorization to offer its service in the Chinese city. The vehicles will have no safety operator nor human beings in the driver’s seat, as Pony.ai provides full driverless robotaxi services in Guangzhou. Pony.ai began driverless...

Prominent German automaker Volkswagen has announced plans to roll out its ID.7 EV across three continents within the next year.  Volkswagen appears set to stake its claim in China’s electric vehicle (EV) market by launching a higher-end car. The German motor vehicle manufacturer also plans to invest up to $1 billion to develop electric cars in China. This week, Volkswagen made the announcement at the Shanghai auto show, revealing its new “ID.7” EV sedan would launch in China this fall. The...

In 2023, Tesla looks to launch a self-driving technology that could set the company on its way to achieving full driving autonomy.   According to Tesla CEO Elon Musk, the leading EV maker could launch its fully self-driving technology in 2023. Musk added that Tesla’s projected autonomous driving tech would generate significant profits to counterbalance some of its margin pressure. The Texas-based electric vehicle manufacturer is currently bearing the brunt of aggressive price cuts on Tesla...

The previous discounts have positively affected Tesla’s quarterly sales, with the automaker selling 422,875 cars EVs in Q1. Tesla Inc (NASDAQ: TSLA) has announced further price cuts for its Model 3 and Model Y electric vehicles. This is the second time within a month that the electric car maker is doing this. The price cut announcement precedes Tesla’s Q1 earnings report, which will be monitored closely by investors. Investors will observe how Tesla maintains its profit margins after...