Digital twins are shaping up to be a key tool as automotive companies proceed with digitalization across the entire value chain. But it’s not easy to get a handle on these virtual representations. In a production environment, the concept of a digital twin is comparatively easy to grasp. It’s an obvious part of Industry 4.0 Read More..
Digital twins play a role in all digitalization projects but data consolidation slows down implementation
Škoda has announced a series of partnerships with start-up firms in Israel, currently developing rapidly as a global tech hotspot; the company last year opened its Škoda Auto DigiLab Israel in Tel Aviv, a collaborative incubator center. Anagog, in which Škoda took a stake earlier this year, processes data from over 100 smartphone apps and Read More..
It’s not just technology that holds the key to the autonomous-vehicle revolution. Automakers, suppliers, IT companies and telecommunications service providers are hard at work to create vehicles that will, one day, take the driver out of the equation. But, before that happens, there are non-technical issues, too, that need to be addressed. By Arjen Bongard. Read More..
Toyoda Gosei gets into venture capital, FCA looks for insurance innovations, Volvo Financial Services launches fintech lab
Toyoda Gosei – a Toyota Group company manufacturing rubber and plastic automotive components – is setting up a corporate venture capital department, specifically to invest in start-ups and accelerate innovations. Effective from January 2019 with a three-billion yen budget through till December 2020, this is said to enable it to act flexibly and quickly to commercialize Read More..
Volkswagen Group has opened a new software development center in Lisbon, adding 300 IT specialists to similar facilities that already operate in Wolfsburg, Germany, and Berlin. The opening underlines the growing importance of software in the automotive industry. “Software development for new digital services is to become a core competence for Volkswagen,” Martin Hofmann, CIO Read More..
Hyundai’s corporate venture division has made an investment in Israeli technology firm allegro.ai, which specializes in deep learning-based computer vision. It aims to accelerate its deployment of artificial intelligence across various business areas, as well as to use AI to enhance the safety of the driving experience. The allegro.ai technology is said to be an Read More..
Infiniti is hosting an innovation initiative in Hong Kong to connect local start-ups with corporate partners. This extends the Infiniti Lab programme launched in 2015, which “has helped drive cultural transformation and open innovation within Infiniti” as well as in the start-up community, the company says. The Infiniti Lab programme has so far worked with Read More..
Hyundai’s corporate venture business, Hyundai Cradle, is taking a stake in Perceptive Automata, a developer of AI software for autonomous vehicles. The start-up, which recently joined the Renovo AWare ecosystem, uses rich sensor data and deep learning models to gain an understanding of how people – other motorists, pedestrians, cyclists – behave. Its predictive software Read More..
MUNICH – Jensen Huang isn’t bothered by the differences between the five levels of autonomy that the US-based Society of Automotive Engineers (SAE) has defined for driverless cars. “As long as it works,” the Nvidia CEO told reporters here Thursday. Huang, who was in town for the chipmaker’s GTC Europe developer conference, said he expects Read More..
AMSTERDAM – Next January’s CES will underscore the growing importance of data for the automotive industry and other business sectors, executives of the US Consumer Technology Association (CTA) say. CES, the world’s biggest high-tech consumer electronics show, takes place each January in Las Vegas. CTA, which organizes the event, gave a preview of the gathering Read More..