While the world waits in anticipation for its arrival, 5G has been identified as vital for autonomous vehicle connectivity.
Power efficient chipsets are set to be the main driver as artificial intelligence (AI) moves makes a significant shift from the cloud to the edge, according to ABI Research.
SenseTime has raised US$620 million in series C+ funding from Fidelity International, Hopu Capital, Silver Lake, Tiger Global, Qualcomm Ventures, other investment firms, and strategic investors.
Dubbed “the brains behind the bots”, NVIDIA researchers will be heading to the International Conference on Robotics and Automation (ICRA) at Brisbane Convention and Exhibition Centre in Australia from May 21 to 25.
Toyota Research Institute (TRI) is building a closed-course test facility for autonomous vehicles. The 60-acre site at Michigan Technical Resource Park (MITRP) in the United States is expected to be ready in October.
ABI Research expects eight million consumer vehicles shipping in 2025 will feature SAE Level 3 and 4 technologies, where drivers will still be necessary but are able to completely shift safety-critical functions to the vehicle under certain conditions, and SAE Level 5 technology, where no driver will be required at all.
China-based SenseTime Group has become the world’s most valuable artificial intelligence (AI) startup following a US$600 million from Alibaba Group Holding and other investors for a valuation of more than US$3 billion.
Pittsburgh-based engineering simulation software maker ANSYS has agreed to acquire France-based optical simulation software provider OPTIS with the transaction expected to be completed in Q2.