Business

Renault-Nissan-Mitsubishi launches $1 billion corporate venture capital fund

The world’s largest automaker, Renault–Nissan–Mitsubishi, has launched a $1 billion corporate venture capital fund to focus on investments in “new mobility” including electrification, autonomous systems, network connectivity and artificial intelligence. Called Alliance Ventures, the fund has already made its first investment, taking an equity stake for an undisclosed amount in …

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Toyota’s mobility business shifts into high gear at CES

Toyota took advantage of CES 2018 to signal a major shift in its business, becoming what company president Akio Toyoda termed a “mobility service company” during his keynote presentation. Toyota seems poised to embrace mobility services as a core part of its overall business, rather than an offshoot or subsidiary …

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Samsung CES 2018 Liveblog

Samsung is one of the tentpoles that holds up CES. Every year the company has one of the largest offerings at the show and 2018 will not be different. Samsung’s press conference is always a good time if you’re watching from afar. It’s a mess of people in person, with …

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Baidu and AMI launch Southeast Asia joint venture and $200M fund

Baidu teamed up with Asia Mobility Industries to launch a new Singapore-based mobility venture fund, called “Apollo Southeast Asia.” This will also help establish a foothold for Baidu to pursue commercialization of its autonomous driving platform in the region, and source strategic partners for its deployment. The fund being launched …

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Intel sets the stage for new ‘Level 2+’ automated driving

Mobileye’s REM (road experiment management, in full) is going to help develop Level 4 and 5 vehicles eventually, yes, but Intel’s Dan Galves, Mobileye’s Chief Communications Officer, tells me that in the near-term it’ll have more interesting and immediate applications powering what he and Intel are calling ‘Level 2+” systems, …

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Where GoPro goes next

GoPro, already a beloved camera brand, just couldn’t take flight. The GoPro vision – a little box you can attach to the wing of a plane or your ski helmet and catch unparalleled views of the world – is cloudy now on news that trading halted this morning due to …

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