Intel’s self-driving firm Mobileye files for an IPO

Intel-owned self-driving firm Mobileye has filed for an IPO (Initial Public Offering).

Mobileye was acquired by Intel for $15.3 billion in 2017 and specialises in developing chips and software for autonomous driving and driver-assistance systems.

Intel reportedly expected Mobileye to be valued at $50 billion but is now anticipating somewhere around $30 billion due to global economic uncertainties.

Mobileye’s filing with the SEC highlights steady revenue...

3 October 2022 | Connected Vehicles

Mathworks: How mathematical computing is changing the world for the better

For anyone who doesn't know about MathWorks, could you tell us a little bit about what it does?

MathWorks is the leading developer of mathematical computing software and has two flagship platforms, MATLAB and Simulink. MATLAB is a programming environment for algorithm development, data analysis, visualization, and numeric computation. Simulink is a block diagram environment for simulation and Model-Based Design of multidomain and embedded engineering systems. Engineers and...

19 September 2022 | Connected Vehicles

Cruise is expanding its robotaxi trials to Arizona and Texas

California-based autonomous driving firm Cruise has announced that it’s expanding pilots of its robotaxis to Arizona and Texas.

https://twitter.com/kvogt/status/1569419156063408128

Cruise, which is owned by General Motors, launched driverless rides in San Francisco back in February. The announcement this week marks the first expansion of Cruise’s service.

Our team is going from zero footprint in Austin (no test vehicles or maps) to driverless...

13 September 2022 | Connected Vehicles

Ex-Apple engineer pleads guilty to stealing autonomous car secrets

A former Apple engineer has pled guilty to stealing hardware and schematics for the company’s autonomous car project.

Xiaolang Zhang was arrested at San Jose International Airport back in 2018 while attempting to catch a last-minute flight to China.

Zhang was accused of stealing circuit boards and a Linux server from Apple’s secret development labs. He also allegedly transferred a 25-page document to his wife’s laptop that included technical manuals and engineering...

23 August 2022 | Connected Vehicles

Uber begins testing bus and train bookings in the UK

Uber has begun testing a feature that allows UK citizens to book rail and bus transport.

By allowing users to book alternative transport types at the same time as their traditional car rides, Uber hopes to become a one-stop shop for journeys.

"We’re excited to launch our new travel offering this summer, allowing a seamless door-to-door travel experience across the UK," said Andrew Brem, GM of Uber UK, in a statement.

For the feature, Uber has teamed up with...

3 August 2022 | Applications

China to hit mobility giant Didi with a $1B fine

Chinese authorities are set to hit mobility giant Didi with a $1 billion fine, a move that could end a torrid period for the firm.

Didi has been in the spotlight of the Chinese government after the company raised $4 billion from selling its stocks in New York.

Beijing launched a data security probe into Didi in the days after its New York Stock Exchange (NYSE) listing; claiming that it was “illegally collecting user data”. However, both the country’s regulators and...

20 July 2022 | Connected Vehicles

Spoke will use T IoT to protect vulnerable road users

Mobility platform Spoke has announced that it will use T IoT from T-Mobile and Deutsche Telekom to protect vulnerable road users (VRUs) like cyclists.

Spoke aims to protect VRUs by connecting vehicles like bicycles to the IoT and providing greater awareness of their presence to motorists using cellular vehicle-to-everything (C-V2X) technology.

Mishka Dehghan, Senior Vice President of Strategy, Product, and Solutions Engineering at T-Mobile Business Group,...

15 July 2022 | 4G

NHS trials delivering chemotherapy drugs using drones

NHS England is trialling the use of drones to rapidly deliver chemotherapy drugs. 

The announcement, made on the 74th birthday of the NHS, will see drones pick up lifesaving drugs and enable same-day delivery to patients.

“As the NHS turns 74, it is clear that the pace of change and improvement across the health service is only accelerating as our fantastic staff seek to make the most of life-changing advances to improve patients’ lives as we promised in the NHS...

5 July 2022 | Connected Vehicles

Wayve partners with Microsoft to scale AI for autonomous vehicles

London-based Wayve has partnered with Microsoft to access the supercomputing infrastructure it requires to scale its AI models for autonomous vehicles.

Wayve and Microsoft already have a close relationship. Microsoft participated in Wayve’s $200 million Series B investment round and Wayze began using Azure in 2020 after its computing requirements grew beyond its in-house 12-HDD RAID array and the SSD-based cache server that superseded it.

Alex Kendall, CEO of Wayve,...

19 May 2022 | AI

Royal Mail plans fleet of 500 drones for rural deliveries

British postal service Royal Mail is planning to use a fleet of 500 drones for deliveries to rural locations.

The pandemic reminded many of us of the vital role the humble postie plays in keeping people connected. However, many rural communities struggle to access the services we often take for granted due to their location.

Royal Mail wants to change that and has identified over 50 postal routes it wants to create using drones over the next three years.

The...

12 May 2022 | Connected Vehicles