Led by Search Dominance, Google Posts Strong Earnings

Despite analysts’ forecast of a slowdown and the threat of regulations, Google parent Alphabet posted strong earnings, with reported revenue of $38.9 billion, up 19 percent over the same period last year, and $9.2 billion in profits. The tech company’s continued dominance in search is foundational to its robust financial health. Announcement of the strong results, after a worrisome first quarter, caused Alphabet’s stock to rise 9 percent in after-hours trading. Google is expected to profit from advertising in Maps, YouTube and other areas. Continue reading Led by Search Dominance, Google Posts Strong Earnings

Ford, VW Collaborate on Autonomous and Electric Vehicles

Ford Motor Co. and Volkswagen AG are extending their seven-month-old alliance to include collaborating on self-driving and electric car technology. In a joint statement today, the companies announced that Volkswagen would invest $2.6 billion in Ford’s autonomous-vehicle partner Argo AI by providing $1 billion in funding and contributing its Audi $1.6 billion Autonomous Intelligent Driving unit, based in Munich. In 2017, Ford invested $1 billion in Pittsburgh-based autonomous vehicle startup Argo. Once the Ford-VW deal is finalized, Argo’s value is expected to reach $7 billion. Continue reading Ford, VW Collaborate on Autonomous and Electric Vehicles

Alphabet Unveils Master Plan for Toronto Smart City Project

Alphabet’s Sidewalk Labs project began in 2017 when Toronto invited the company to turn an undeveloped 12-acre lot, Quayside, into a model of the digital city of the future. Now, Alphabet has issued a 1,524-page master plan that, in four volumes, details how it will spend the $1.3 billion earmarked for the project. Among those plans, Alphabet details using environmentally-friendly timber, installing an underground pneumatic tube for garbage removal, and building streets for autonomous vehicles from subsidiary Waymo. Continue reading Alphabet Unveils Master Plan for Toronto Smart City Project

Alphabet Revenue Robust, But Costs of Diversification Grow

Alphabet’s revenue is booming, but its costs are also increasing, the result of its efforts to diversify beyond online advertising. Thus, although Internet search showed very strong returns, Alphabet shares fell in after-hours trading due to its shrinking margins and slower revenue growth. In addition to its Google search engine, Alphabet comprises YouTube and Waymo self-driving car divisions. The parent company’s increased spending on those two divisions in Q4 pushed margins down to 21 percent from 24 percent a year earlier. Continue reading Alphabet Revenue Robust, But Costs of Diversification Grow

CES Panel: Public Policy, Regulations for 5G and Self-Driving

The Internet of Things and 5G are just two areas impacting self-driving and connectivity, said CTA senior director of government affairs Jamie Boone, who noted the sector’s public policy challenges. Verizon VP public policy Melissa Glidden Tye said that her company launched 5G in October 2018 and has “big plans for autonomous vehicles (AVs) and smart cities” this year. “5G has been dubbed the fourth Industrial Revolution,” she said. “Everything that can be connected will be.” Waymo just passed 10 million miles, another significant milestone. Continue reading CES Panel: Public Policy, Regulations for 5G and Self-Driving

We Were Passengers in a Las Vegas ‘Self-Driving’ Rideshare

Autonomous vehicles have been a part of tech culture for so long that it’s hard to realize that only a handful of people have actually ridden in one. So it was with great surprise that our very first Lyft ride out of our Las Vegas hotel on Sunday night was in a “self-driving” vehicle. Lyft partnered with Irish auto-parts-company-turned-autonomous-vehicle-startup Aptiv (formerly known as Delphi) to offer CES attendees and Vegas commuters the option to ride in one of their 30 “self-driving” BMW 5 Series. Continue reading We Were Passengers in a Las Vegas ‘Self-Driving’ Rideshare

Here’s What We Hope to See This Week at CES Related to AI

With the buzz way down, AI research more vibrant than ever, and more mainstream experimentation, there’s a lot to potentially look forward to at CES 2019 in the field of AI and machine learning. And already it all seems to converge on one very interesting trend: pragmatism. As AI exits the lab, and heads into the world, we’re expecting new and compelling applications. At CES this week, we’re hoping to see advances in areas such as autonomous vehicles, consumer robots, computer vision, smart assistants, and a more integrated Internet of Things. Continue reading Here’s What We Hope to See This Week at CES Related to AI

Walmart Expands Offerings in Growing Rivalry With Amazon

To better compete with Amazon, Walmart is reinventing itself from a big box retailer into a tech powerhouse, starting with the 2016 purchase of Jet.com. Other recent deals in this vein include a partnership with Alphabet’s Waymo to provide rides to and from its stores; Uber, Lyft and Postmates deals for grocery delivery; and another with Japan’s Rakuten for Kobo e-readers. Last month, Walmart switched its cloud operations to Microsoft Azure and Office 365 and inked a five-year deal to work with Microsoft on AI projects. Continue reading Walmart Expands Offerings in Growing Rivalry With Amazon

Google Absorbs EU Fine, Alphabet’s Other Bets Burn Money

Despite the impact of new European regulations, Google just reported sales and profit that exceeded analysts’ expectations. The Silicon Valley company’s shares hit an all-time high, rising 3.9 percent to $1,267 in after-hours trading. The result is proof that advertisers aren’t put off by European regulations or allegations that Google abuses its dominant position in the marketplace. Its parent company Alphabet, however, continues to see losses in its “Other Bets” category, which includes Waymo autonomous vehicles. Continue reading Google Absorbs EU Fine, Alphabet’s Other Bets Burn Money

Uber, Waymo Settle Lawsuit for $245 Million, 4 Days into Trial

Uber Technologies has settled a year-old lawsuit brought by Alphabet’s self-driving vehicle unit Waymo, which claimed that Uber stole and used trade secrets. In the agreement, Uber said it would not use Waymo technology in its autonomous vehicles and make certain that no such Waymo components were already in use. The ride-hailing firm also agreed to give Waymo 0.34 percent of its equity, equal to about $245 million, based on a valuation of $72 billion. The companies settled four days after the trial started. Continue reading Uber, Waymo Settle Lawsuit for $245 Million, 4 Days into Trial

At CES 2018, Attendees Can Hail a Lyft/Aptiv Autonomous Car

At CES 2018, Lyft and Aptiv, a self-driving software company, will offer rides to show attendees in its automated ride hailing service (with a safety driver in the front seat). The goal, say the two companies, is to “accelerate the availability of automated driving platforms for commercial applications,” by operating in a complex environment such as the Las Vegas metro area. Aptiv is a subsidiary of Delphi Automotive, which split into two companies to emphasize its capabilities in self-driving technologies. Continue reading At CES 2018, Attendees Can Hail a Lyft/Aptiv Autonomous Car

BlackBerry Bets on Operating Systems for Self-Driving Vehicles

BlackBerry is now focusing its efforts on QNX, a division to create technology for in-car entertainment and information systems. The Canadian company plans to spend $76 million and double its QNX engineering staff to 1,000 in the next few years. Although BlackBerry competes with major tech companies in autonomous vehicles, it has already inked partnerships with Ford Motor Company and General Motors’ spinoff Aptiv (formerly Delphi Automotive). Deals with Tata Motors and Jaguar Land Rover are also pending. QNX tech will be on display at CES 2018 next month. Continue reading BlackBerry Bets on Operating Systems for Self-Driving Vehicles

New Technology Is a Clear Focal Point of 2017 LA Auto Show

Cars are still the obvious centerpiece of the LA Auto Show (December 1-10), but, increasingly, the hackers are starting to outnumber the gearheads. At AutoMobility LA, a four-day preview event for industry insiders and press preceding the consumer-focused show, cybersecurity and artificial intelligence were talked about with the same frequency as horsepower and mpg. Show organizers stressed the importance of bringing together “the entire new mobility ecosystem” and showcased a number of startups with vehicle debuts mixed in. Additionally, the event featured the first ever hackathon at an auto show. Continue reading New Technology Is a Clear Focal Point of 2017 LA Auto Show

GM Close to Commercial Version of Autonomous Chevy Bolt

GM is showing off its latest autonomous vehicles, battery-powered Chevrolet Bolts, to investment analysts in San Francisco. Up until now, the car manufacturer has been reluctant to subject the cars it’s developed through its Cruise Automation subsidiary to scrutiny, but now wants to signal that it’s getting closer to a real product. In fact, GM president Daniel Ammann revealed that the driverless cars will be ready for consumers in “quarters, not years.” GM also aims to launch a driverless taxi fleet by 2019. Continue reading GM Close to Commercial Version of Autonomous Chevy Bolt

Waymo’s Autonomous Cars Drive With Humans in Backseat

Waymo began testing its first autonomous vehicles on public roads on October 19 in the Phoenix area. The Chrysler Pacifica minivans still had employees in the car, but in the backseat, where they could push a button to pull over the vehicle. Waymo, whose vision is to deploy its self-driving vehicles via a taxi service, plans to let passengers ride in the back, possibly without an employee, in the coming months. It began its work eight years ago, followed by similar efforts by General Motors, Ford Motor, Apple and Uber. Continue reading Waymo’s Autonomous Cars Drive With Humans in Backseat

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