Monday , October 23 2017


Foxconn, IDG seek $1.5bn to fund auto-tech startups

epa05239118 A man checks his cellphone outside the gate of the Hon Hai Group compound in New Taipei City, Taiwan, 01 April 2016. On 02 April, Hon Hai  and Sharp will sign the deal in Osaka, Japan, with Hon Hai acquireing a 66 percent stake in Japanese electronics giant Sharp. Hon Hai, also known as Foxconn and famous for assembling iPhones and iPads for Apple, will invest US$3.47 billion in the takeover. After signing the deal with Sharp CEO Kozo Takahashi, Hon Hai Chariman Terry Gou will tell the press how Hon Hai will help Sharp regain its former glory as one of the world top enterprises after the acquisition.  EPA/DAVID CHANG

Bloomberg Foxconn Technology Group and venture firm IDG Capital are seeking to raise a 10 billion yuan ($1.5 billion) fund to seed startups in automotive technologies from self-driving AI to battery development, according to a presentation for investors. Foxconn and IDG initiated talks with government-backed funds, financial institutions and financiers ...

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Canada, a leader in AI, now takes aim at driverless cars

epa04614133 Driverless vehicles in London, Britain, 11 February 2015. British Secretary of State for Business Innovation and Skills Vince Cable and Transport Minister Claire Perry unveiled driverless vehicles in Greenwich.  EPA/ANDY RAIN

Bloomberg Having built an impressive lead in artificial intelligence, Canada is keen to do the same in driverless cars—specifically the lidar (laser radar) technology that lets these vehicles see where they’re going. The nation’s main contender is LeddarTech Inc. The Quebec City-based company makes solid-state technology it says is better ...

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Volkswagen to roll out electric trucks, buses in $1.7bn push

epa00864918 Workers going in and out during the 2pm shift change at the Vokswagen factory in Vorst / Forest, Brussels, Friday 17 November 2006. Volkswagen AG board members meet today in Wolfsburg, Germany, to consider how to proceed with the tough cost-cutting plan. Volkswagen Vorst fears the loss of several jobs in Belgium.  EPA/DIRK WAEM

Bloomberg Volkswagen AG is flanking its push into electric cars with plans to roll out battery-powered commercial vehicles targeted at urban areas as growing public concerns about air quality boost demand. The Volkswagen Truck & Bus division will invest 1.4 billion euros ($1.7 billion) in new technology including electric drivetrains, ...

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Facebook touts $199 Oculus Go VR headset in mainstream push

epa06206784 Visitors test the Oculus game by Facebook at the company's stand on the first public day of the International Motor Show IAA in Frankfurt Main, Germany, 15 September 2017. The International Motor Show IAA is the world's largest motor show and automobile exhibition. Exhibitors from around 40 countries present their latest products and innovations at the IAA, while hundreds of thousands of people are expected to visit the show from 14 to 24 September.  EPA-EFE/ARMANDO BABANI

Bloomberg Facebook Inc. unveiled a cheaper virtual-reality headset that works without being tethered to a computer, rounding out its plan for pushing the emerging technology to the masses. The new $199 wireless headset, called Oculus Go—meant to be the company’s most accessible VR device—will be available in early 2018. Facebook ...

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