Leisure The Dubai Police has added another high-tech vehicle to its fleet: a BMW i3. With a top speed of 150kph, it’s not going to be involved in any high-speed chases. But the small hatchback wins in the emissions department: it’s fully electric. Painted in green and white, the car was on display at an event in DIFC today. It’s part of a plan to ensure 10% […]
While the hedge fund world finds itself in a time of crisis, with a “great rotation” of capital away from active management which continues to largely underperform the broader market, and toward cheaper, passive strategies, nothing could spoil the mood at one of the industry’s biggest events held today at the Lincoln Center, the 22nd annual Ira Sohn conference, where a dozen of the hedge fund industry’s […]
Nvidia is rolling out a new platform that aims to provide deep learning analytics to video streams produced from smart city applications. Dubbed Metropolis, the platform takes data captured by cameras deployed in government properties, public transit systems, commercial buildings and roadways, and then runs it through AI to help cities monitor video instantaneously. The idea is that cities are inundated with video data and need a […]
By Anthony Esposito | MONTERREY, Mexico MONTERREY, Mexico Engineers from across Mexico streamed into a cramped hotel lobby in the industrial city of Monterrey for a chance of a job with the U.S. electric vehicle maker Tesla Inc (TSLA.O), which is looking south of the border for talent in short supply at home. The fair was held at a delicate time for American firms hiring abroad as […]
Uber’s self-driving venture might not be doomed after all. Many have weighed in on Uber’s alleged intellectual property theft case, predicting that the upshot of this legal turmoil might be Uber retracting its self-driving efforts altogether. For those who don’t know, here’s a brief backgrounder of the situation: Google’s self-driving division, Waymo, accused Uber late February of stealing thousands of documents that it claims Uber used to […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks retreated on Thursday, taking their cues from a subdued session on Wall Street, while the dollar retained gains made after the Federal Reserve delivered a hawkish policy statement. At the end of its two-day meeting, the Fed kept its benchmark interest rate steady as expected, but downplayed weak first-quarter economic growth and emphasized the strength of the labor market, […]
Tesla boss Elon Musk surpassed even his own lofty standards of both hubris and humility on Wednesday, as he looked ahead to a day when the electric carmaker will be worth more than Apple — but also admitted he had confused his customers with a bad product-naming decision. “I want to preface this by saying I could be delusional,” Mr Musk told Wall Street analysts on his […]
By Nick Carey and Joseph White | DETROIT DETROIT Automotive supplier Delphi Automotive Plc (DLPH.N) on Wednesday said it plans to spin off operations tied to internal combustion engines and focus on technology for electrically powered and self-driving vehicles, boosting its share price and highlighting the challenges for legacy auto industry players. Vehicles driven by humans and powered with petroleum will dominate roads from Shanghai to San […]
Besides the upcoming FOMC meeting on May 2-3, and French & Italian politics – the decisive runoff round of the French election takes place this Sunday – this week’s releases are dominated by US payrolls expected to come around 170k. The busy release calendar continues with Norges bank and RBA meetings as well as global manufacturing PMIs. The market’s focus during the week of 5/1 will begin […]
Elon Musk went teased the audience with a photo of a self-driving truck that his company Tesla Motors is adding to its line of electric cars Elon Musk paused while chatting about his series of potentially world-changing endeavors to say he isn’t in it to provide salvation. It was during a talk on Friday at a prestigious TED Conference in Vancouver, where the tech entrepreneur was discussing […]
Tesla CEO Elon Musk teased a semi truck from the company, said to be due out in September. Elon Musk on Friday released the first teaser image of Tesla’s all-electric semi truck, as the company looks to add past its growing consumer vehicle fleet. Unveiled during a TED talk given by Musk, Tesla’s teaser image doesn’t provide many clues about the semi truck’s features, other than it […]
Uber has new updates in store for its Android app, adding simplified privacy controls designed to make things easier for users. The new privacy controls aim to help users manage their data more easily, as well as streamline the whole process so they’re more in control over what information they want to share with Uber. Uber Android App Update “Making the Uber app simple and easy to […]
DETROIT Tesla Inc needs to complete fixing its Model S sedan emergency braking system to regain Consumer Reports’ top safety rating, the magazine said on Friday, noting that a recent update by the luxury electric car maker was not enough. The magazine, which provides an annual rating of vehicles sold in the United States, said on Wednesday the sedan had lost its top ranking in the ultra-luxury […]
I was at an event recently that screened a 1956 short film—Key to the Future—in which GM envisions what self-driving cars would look like in 1976. The footage—with a uniformed guy in a control tower directing a singing family along a highway for autonomous vehicles—inspired chuckles from the audience. One aspect of the video that did become a reality is the interstate highway system, a […]
An IBM/Nvidia cluster completed a one-billion cell Echelon petroleum reservoir simulation (shown above) in 92 minutes. Image: IBM/Stone Ridge Technologies A high-performance computing record set by a cluster of more than 22,000 compute nodes has been shattered by just 30 machines. The massive reduction in computing infrastructure needed to set a new record for simulating oil, water, and gas flow was made possible by tapping into the […]
The finalized prototype of Google self-driving car. First, it was just a dream. Then it became a quirky research project undertaken by a handful of the nerdiest engineers in the robotics industry. Now self-driving cars are on the brink of transforming transportation. The industry creating the technology for autonomous vehicles has morphed from a collaborative space of free-flowing ideas into a high-speed road race where the winners […]
The 2018 Dodge Challenger SRT Demon is unveiled during a media preview for the New York International Auto Show, Tuesday, April 11, 2017, in New York. (AP Photo/Julie Jacobson) Fred Croatti often drives his silver Dodge Charger Hellcat to the grocery store, turning heads as he rumbles through the parking lot with a supercharged 6.2-Liter 707-horsepower engine. Although Croatti’s car sounds like a NASCAR racer, the retired […]
DUBAI // Owners of electric vehicles are having a hard time finding a place to charge their vehicles’ fuel cells despite the UAE’s growing network of charging stations. With a big push towards green initiatives, some drivers who adopt new technology feel they are getting a raw deal from motorists in conventional vehicles. “I bought a Tesla because it’s good for the environment,” said Mohammed Al Huraimel, […]
Elon Musk, the co-founder and chief executive of Electric carmaker Tesla, announced plans for a semi-truck via Twitter Tesla founder Elon Musk said Thursday the electric car startup is set to launch its first semi-truck in September, moving for the first time into that segment. Musk made the announcement in a tweet, offering few details about the plan, although he has spoken in the past about moving […]
Carmaker Tesla is issuing a recall for its Model X and Model S vehicles because of a possible manufacturing defect with the parking brake. The voluntary recall from Tesla impacts Model X and Model S cars made from February 2016 to October 2016. “Tesla recently discovered a potential manufacturing issue with the electric parking brakes installed on certain Model S and Model X vehicles that could prevent the parking […]
ABU DHABI // An app that helps Syrian refugees find jobs in Turkey and a device that limits water consumption were named winners at the New York University Abu Dhabi Hackathon. Eighty students from universities across the globe participated in the seventh edition of the event. Ten teams were given 72 hours to produce technology that promotes a social good. With the Hiat application, recruiters and businesses […]
Elon Musk has been working on a human-computer brain interface called Neuralink, aiming to link human brains to artificial intelligence. Neuralink aims to hook up the human brain to AI through micron-sized devices and the potential applications hold great promise. For instance, AI could serve as an extension of the human brain and help with certain brain injuries stemming from a stroke, cancer lesions, or other health […]
The narrative of shiny Silicon Valley topping decrepit Detroit in the race to develop self-driving cars has become a recurring theme in recent years. Just as tech companies have reinvented (dare we say, disrupted?) everything from telephones to how we consume music, the thinking goes, so too will they leave traditional automakers in the dust when it comes to autonomous cars. While it’s true that […]
By Ernest Scheyder | HOUSTON HOUSTON Nearly a century after Chevron Corp amassed the No. 2 stake in America’s largest oilfield, Chief Executive John Watson is hitting the accelerator on developing the company’s vast Permian Basin holdings. In an interview, Watson made clear his desire to put the West Texas to New Mexico expanse in the ranks of Chevron’s biggest ventures. That is a stark change from […]
