Uber IPO will value ride-hailing firm at up to $90bn, SEC filing confirms April 26, 2019 Uber is set to pitch shares at between $44 and $50 as it chases an initial public offering (IPO) that could value it at up to $90bn (£69.8bn), the ride-hailing firm revealed in an updated filing today. The technology transport giant will offer 180m shares in its stock market debut as it chases the valuation, with another [...]
Elon Musk predicts Tesla will launch a robotaxi service in 2020 April 23, 2019 Elon Musk has promised Tesla will be able to produce so-called robotaxis with no human drivers in parts of the US as soon as next year. Read more: Tesla investigating incident of car catching fire in Shanghai In a webcast ahead of the firm’s quarterly results this week, the outspoken chief executive said its driverless [...]
With the AI genie firmly out of the bottle, what impact could this have on accountants? April 10, 2019 This month, the British Film Institute celebrates the late Stanley Kubrick with a retrospective of his work. One of Kubrick’s most celebrated films, 2001: A Space Odyssey, was ground-breaking in its depiction of space – and it’s extraordinary to think that all the special effects created for it were achieved entirely without CGI, over 50 [...]
Brits want a human driver ready to take control in their driverless cars March 20, 2019 The majority of Brits are still sceptical about driverless cars ever being allowed to become truly “autonomous”, according to research. Just one-in-seven people think autonomous vehicles (AVs) should be able to travel without a human occupant ready to take the wheel, according to an Opinium survey. Read more: GM takes stake in British startup as [...]
Hyundai teams up with Russian tech giant Yandex to build driverless cars March 19, 2019 Hyundai has today moved up a gear in the global race to manufacture driverless cars, as it teams up with Russian tech giant Yandex. The announcement signals Hyundai’s intentions to move into the slipstream of rivals Toyota and Ford, who have teamed up with Softbank and Chinese internet giant Baidu respectively to work on autonomous [...]
BMW and Mercedes-Benz create Share Now car-sharing alliance February 28, 2019 A car sharing service involving more than 20,000 cars made by BMW and Mercedes-Benz has been named Share Now. The free-floating car sharing service is available in nine London boroughs and comes as part of an alliance between BMW and Daimler, which owns Mercedes. The two German firms also announced on Thursday that they will [...]
UK slips behind Norway and Finland in readiness for driverless cars February 11, 2019 Britain’s rivals are speeding ahead in the race to introduce driverless cars onto the roads, according to research. The UK slipped two places this year down to seventh place in KPMG’s rankings on progress and capacity for adopting the technology, overtaken by Norway and Finland. Read more: Tomtom to focus on driverless after €910m sale [...]
Self-driving cars to hit UK roads by the end of the year February 6, 2019 Completely driverless cars could be on UK roads by the end of this year, after the government today said it would be overhauling existing regulations. The change by the Department for Transport will allow self-driving cars to be trialled on any public road without a human safety driver behind the wheel, however they must have [...]
Apple dismisses more than 200 staff from self-driving car unit Project Titan January 24, 2019 Apple has cut more than 200 staff from its secretive self-driving car unit Project Titan, as the business undergoes some restructuring under new management. The dismissals, first reported by CNBC, come after Apple hired a former veteran of the firm Doug Field and Tesla's ex-vice president of engineering to lead the project alongside Bob Mansfield last [...]
Tomtom moves focus to driverless technology as it sells telematics unit for €910m January 22, 2019 Satnav maker Tomtom will sell its telematics business unit to multinational Bridgestone as it looks to move more focus towards develop driverless car technologies. The €910m (£801m) deal sees the Japanese tyre and rubber company take over a business which helps firms track their fleets and manage efficiency. Read more: Jaguar Land Rover and Addison Lee [...]