Recogni raises $48.9 million for AI-powered perception chips

Prism Chip

Recogni, a startup designing an AI-powered vision recognition module for autonomous vehicles, today announced it raised $48.9 million. The company says the funds will help it bring its perception product to market while expanding the size of its engineering and go-to-market teams.

Read More

Apple’s self-driving car strategy may be stuck in neutral

KIA Motors factory

After weeks of confusion and contradictory news, it has almost become confirmed that Hyundai-Kia will start manufacturing Apple’s mysterious self-driving electric vehicle at one of its factories in 2024. Or later. Or not at all.
As is with nearly all news coming from Apple, the report is shrouded in secrecy, unconfirmed facts, and lots of quotes from anonymous sources. But this latest news does have some key points that, if true, paint a clearer picture about Apple’s self-driving plans — and leave many more questions unanswered about the future of the company.

Read More

$400M in C2 funding raised by automotive AI Chip vendor Horizon Robotics

Horizon Robotics, a Chinese automotive AI chip startup that is developing specialized, complex chips for use in autonomous vehicles, has raised another $400 million in its latest C2 round of funding. That’s on top of $150 million in C2 funding that it secured earlier in December, according to the company, bringing its total C2 funding so far to $550 million. Horizon Robotics had announced late in 2020 that it was pursuing a total of $700 million in C2 round funding.

Read More

Oxbotica raises $47 million to bring autonomy to vehicles in challenging environments

Oxbotica, a U.K.-based developer of autonomous vehicle software, today announced it has raised $47 million in a series B round led by BP Ventures. The startup says the funding will be used to accelerate commercial deployment of its software platform across key industries and markets.

Read More

IDC: 90% of enterprises are planning for fully autonomous datacenters

Enterprise datacenters were traditionally manually operated and maintained, demanding both constantly available personnel and persistent vigilance for potential maintenance needs. But AI advancements are changing that…

Read More

Understanding the different types of Autonomous Vehicles

With the emergence of drones, quadcopters, hybrid and electric aircraft and more flying technical solutions comes the need to discover how the world can benefit from these innovations. But before we dive into their unique purposes, we have to understand their capabilities and what they are. How do they fly? What technology do they utilize?

Read More

Autonomous driving — Becoming a reality soon with Artificial Intelligence (AI)

Machine learning technology is already weaving into many of the applications we human already use by reducing human efforts to solve critical problems in day-to-day life. However the pace at which AI is reforming the mobility industry space, it is pretty clear that driverless vehicles will be soon taking control of how humans and goods move around.

Read More

Arm unveils new chips for advanced driver assistance systems

Arm today announced a suite of technologies intended to make it easier for autonomous car developers to bring their designs to market. According to the company, integrating three new processors onto a system-on-chip…

Read More

Zoox gains approval to test autonomous vehicles without safety drivers in California

Amazon-owned Zoox today announced that it received a driverless testing permit from the California Department of Motor Vehicles (DMV). With it, Zoox becomes the fourth company to hit that milestone after Waymo, Nuro, and AutoX.

Read More