INVESTMENT: Wayve secures US$1.05bn series C funding to develop #embodiedAI solutions for #autonomousdriving The investment will support #Wayve in fully developing and launching the first embodied AI solutions for production vehicles. These solutions will be designed to enable original equipment manufacturers to upgrade cars to higher levels of driving #automation, from L2+ assisted driving to L4 #automateddriving. Alex Kendall, co-founder and CEO of Wayve, said, "Our collaboration with SoftBank, NVIDIA and Microsoft will help advance our mission to redefine driving with #AI at the core. This investment will enable us to develop and launch our first embodied AI products for the automotive industry, empowering OEMs to provide consumers with trustworthy and beneficial automated driving experiences.” Read more here: https://lnkd.in/eDnv-VSX #AutonomousVehicles #AV #SelfDriving #ADAS #AutonomousDriving #Automotive #AutomotiveIndustry #Transportation #Technology #FutureMobility #Sustainability #AVTExpoStuttgart #AVTExpoCA
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🚀 Rapid pace of innovation in Software Defined Vehicles SDV is future, and will bring a lot of transformations in current automotive process and development at a rapid pace. Few areas that will go massive transformations in recent future: 1. AI and ML - Learning and Adapting would be key moto for the SDV's and to meet the constant adaptability needs, AI and ML algorithms would be fore runners to go through positive change to improve efficiency, safety and user experience 2. Autonomous Driving technology - At high level, ADAS have been developed till Level 2/ 2+ systems and stepping into Level 3/4 boundaries, with millions of lines of codes in software and thousands of hardware components. With SDV's agnostic software and hardware designs approach, integration of both would be challenging and demand lot of innovative solutions. 3. Connected Vehicles Services - Infrastructure related to connected vehicles like Vehicle to Vehicle, Vehicle to infrastructure, cloud storage need to reach certain maturity to pave the way for smarter systems onboard futuristic vehicles. 4. Data Driven Perceptions - In today's time, vehicle is generating exabytes of data, need to understand that data, and taking data driven decisions would be key and pivotal for next-gen vehicles. To conclude, there are automotive areas that will go through massive transformation, and numerous new SDV domain areas will be born, one thing is guaranteed that SDV's will bring RAPID PACE OF INNOVATION in the automotive world. ***Stepping into the world of innovation, safer and efficient systems*** #adas #sdv #innovation #softwaredefinedvehicles #automotivetechnology #futureofmobility #connectedcars #autonomousdriving #artificialintelligence
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"It takes all the running you can do to keep in the same place." A memorable quote from Alice in Wonderland perfectly captures the essence of Aliaksei Shchurko's keynote at Telematics Vilnius. In a quickly evolving telematics market, staying still means falling behind. So, what's the solution? "If you want to get somewhere else, you must run at least twice as fast as that!" Here are some actionable ideas from Aliaksei: 1️⃣ Explore new specialized areas with high potential but low satisfaction. Whether it's OEMs, electric vehicles, or autonomous driving, choose an area with growth opportunities. 2️⃣ Embrace AI to the fullest. From predictive maintenance to improved classification and computer vision, AI isn't just about speed; it simplifies processes too. 3️⃣ Integrate generative AI like LLMs into your routine. Adapting vast databases including Wialon to specific requests like customer chatbots or reports can incredibly streamline daily work. Did you join Aliaksei’s keynote? Share your thoughts on his ideas! 💬 #TelematicsVilnius2023 #WialonCommunity
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President & CEO | Richard T Thorpe Consultant, Investor and Telegraph & Lloyds Banking Group CEO to watch
🌐 AI Innovation! 🌐 Wayve, a British AI company, just secured a record-breaking investment of over $1 billion to turbocharge the development of its self-driving electric car technology. This significant milestone positions Wayve as a trailblazer in the UK's AI landscape. Led by SoftBank Group, alongside major backers like Microsoft and NVIDIA, Wayve is pioneering 'Embodied AI'—a groundbreaking technology set to redefine how cars interact with the world around them. Imagine cars that learn from real-world situations without the need for constant road-testing! With this game-changing investment, Wayve is not only advancing the safety and accessibility of autonomous driving but also solidifying the UK's position as a global AI powerhouse. Let's celebrate this remarkable British success story propelling us towards a brighter, more sustainable tomorrow! 🎉 #Wayve #EmbodiedAI #Innovation #FutureTech #UKTechLeader 🇬🇧💡 Find out more here: https://lnkd.in/eg2tuzcE
Wayve secures over $1bn to accelerate development of self-driving car AI tech
businessgreen.com
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The automotive industry faces a complex challenge as it transitions towards autonomous, electric, and software-defined vehicles. This necessitates significant structural changes, effective technologies and shifts in the mindset of industry leaders. Where is collaboration to be favoured? And where are unique capabilities to be developed in order to stay competitive? The focus is on scaling electric vehicle production, advanced software capabilities like AI, ML, OTA, and V2X, and transforming towards operational excellence in manufacturing processes. Representing Grape Up and Addepto I am excited to join #AutomotiveEurope2024 next week as a critical platform for addressing these pressing issues in shaping the future of the industry. https://lnkd.in/dv5dmMQ3
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🟩🟦🟧 Wayve Secures $1 Billion in Funding to Revolutionise Autonomous Driving with Embodied AI Wayve, a leading British self-driving car startup, has secured over $1 billion in a Series C funding round led by SoftBank. This significant investment marks a major step forward in the development of safe and reliable autonomous vehicles. 🔵 Joining Forces for Innovation: The funding round also includes participation from industry giants NVIDIA and Microsoft. NVIDIA's expertise in chipmaking will be crucial for developing powerful computing hardware for Wayve's AI models. Microsoft, a longstanding investor in AI, brings its software expertise to the table. This collaboration between Wayve, NVIDIA, and Microsoft positions them at the forefront of innovation in embodied AI for autonomous driving. 🟢 The Power of Embodied AI: Wayve emphasises the use of embodied AI, which goes beyond traditional AI models. Embodied AI allows the system to learn and adapt in real-world environments, leading to safer and more robust self-driving cars. 🟠 The Future of Mobility: With this substantial funding, Wayve is poised to accelerate its mission of reimagining mobility. This investment signifies a collective effort to create a future with safer roads and a transformed transportation landscape. https://lnkd.in/eaUdES62 #AI #AutonomousDriving #EmbodiedAI #Innovation #RokaSearch
Wayve Raises Over $1 Billion Led by SoftBank to Develop Embodied AI Products for Automated Driving
https://wayve.ai
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Happy hump day! And to celebrate here are... 🎉 3 Fun Facts about Data in Autonomous Vehicles 🎉 🎬 Massive Data Generation: Did you know a single connected car can generate up to 19 terabytes of data every hour? That’s like streaming 8,000 HD movies simultaneously! 🚗 Annual Data Collection: On average, a car in England could collect between 597 and 11,343 terabytes of data annually, considering the average driving time of 597 hours per year. Imagine storing all that information! 🖥 Processing Power: Modern autonomous vehicles need powerful onboard computers to process data in real-time. These units can reach several hundred TOPS (trillions of operations per second), with some reaching up to 2000 TOPS for full autonomy (L5). Follow our page for more for industry news, in-depth studies, and the occasion fun fact! #Automotive #SoftwareDefinedVehicles #AI #Data #ElectricVehicles #AutonomousVehicles
Y-Mobility | LinkedIn
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Bitsensing, a leading provider of automotive 4D radar technology, has recently announced a successful funding round of $25 million. This investment will fuel the company's expansion into smart city and health applications, in addition to further developing its radar technology for driverless cars. The Series B funding will support bitsensing in scaling its operations, investing in research and development, and exploring new markets for its innovative radar solutions. The automotive-grade technology developed by bitsensing is not limited to autonomous vehicles but can also be utilized in various smart city applications, such as smart traffic lights. Furthermore, the company is venturing into the healthtech sector, where its radar technology shows promise in applications related to digital health. This diversification highlights the versatility and potential impact of bitsensing's radar solutions across different industries. #electricalengineering #electronics #embedded #embeddedsystems #electrical #computerchips Follow us on LinkedIn to get daily news: HardwareBee - Electronic News and Vendor Directory
bitsensing secures $25m funding for 4D radar technology
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At this year's #ISSCC, Cheolmin Park, Corporate VP and Head of Advanced Package (AVP) Business Development Team, shared #SamsungSemiconductor's vision on the importance of advanced packaging. Participating in panel discussions as well as giving a presentation, these were the key takeaways: - It is becoming more complex and less cost-effective to deliver the functionality and performance needed by advanced technologies like AI, 5G, and autonomous vehicles. - Both 2.xD and 3D variations of advanced heterogeneous chip packages are vital for empowering technological industries to remain innovative. - As one of the founding members of the UCIe Consortium, #SamsungAVP believes industry collaboration is key and is dedicated to building an AVP ecosystem. Learn more about Samsung's advanced packaging solutions. https://lnkd.in/gnePEDCU
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Principal Consultant | Head Hunter | Operating Exclusively within the Automotive Industry, with a keen focus on E-Mobility, Autonomous Driving and IVI 🚘 #iamauto
"At some point we'll realize that autonomous vehicles are vastly better than human driving", says NVIDIA's Automotive Vice President, Danny Shapiro. 🚗 Chip industry titan NVIDIA emerged victorious at the prestigious CVPR competition. Shapiro, says their AI-driven end-to-end model aims to revolutionize autonomous vehicle technology. 🏆 NVIDIA, with a market value of $2.78 trillion, achieved another milestone at the CVPR conference in Seattle, securing first place in developing an end-to-end model for autonomous driving. 🤖 This model is capable of understanding and generalizing to new environments. "CVPR is an annual conference focused on computer vision and pattern recognition," says Shapiro. 🌍 "As part of the conference, there was a competition on trajectory prediction. Our research team built on LLMs and large data sets, similar to transformers and ChatGPT." 📈 The model is trained on general environments, not just specific ones, making it versatile and effective. 🚀 The end-to-end approach from Nvidia was the most accurate solution out of over 400 entries. 🥇 "Generative AI is critical for creating datasets and developing scenarios that simulate real-world conditions," Shapiro adds. 💡 This technology helps address the main problem of autonomous cars: their limited response to new situations. 🌟 Simulation testing, which can be done 24/7, allows for repeatable and controlled testing scenarios, unlike real-world testing. ⏱️ "An autonomous car is vastly better than human driving," Shapiro concludes, highlighting the potential and progress of autonomous vehicle technology. 🚘 . . . . Interested in the #Automotive industry? Follow me for daily news, content and exciting opportunities!
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