Connected car M&A on track to hit 100 deals in 2018, says Hampleton

Connected car innovation continues apace - and according to the latest note from technology M&A analysts Hampleton Partners, the market is set to hit 100 transactions at the end of 2018.

The finding appears in the company's latest Automotive M&A Market Report, which notes that deal values were up 54% in the first half of 2018 compared with the same time last year. The official figure for total transactions is $2.9 billion, although this does not include undisclosed figures. Hampleton argues the...

By James Bourne, 03 October 2018, 0 comments. Categories: Connected Cars, IoT.

Volkswagen teams up with Microsoft to create an automotive cloud

Volkswagen wants to transform itself into a digital services-driven company – with the help of Microsoft.

The German automaker has joined hands with the Redmond giant to develop the Volkswagen Automotive Cloud, which will aim to combine popular third-party applications to provide a seamless experience for drivers.

The Volkswagen Automotive Cloud will be powered by...

By IoT News, 01 October 2018, 0 comments. Categories: AI, Connected Cars, IoT.

Porsche investing €150 million in startups – focusing on AI and blockchain technologies

Porsche has announced it is increasing its total investment in venture capital activities by €150 million for the next five years.

By making this move, the German automobile manufacturer intends to gain access to new technologies, trends and business models. Porsche Ventures, being a strategic investor, is aiming to invest in business models that involve mobility, digital lifestyle and customer experience, along with...

By IoT News, 28 September 2018, 0 comments. Categories: AI, Connected Cars, Data & Analytics, IoT.

UK: Driverless car makers face jail if they cause harm

UK government spokesperson Baroness Buscombe confirmed driverless car makers will face jail if their vehicles cause harm.

Buscombe was responding to a parliamentary question on the subject. She asserted that existing health and safety law "applies to artificial intelligence and machine learning software".

The response helps to settle a debate between academics and legal circles about responsibility when it comes to AI. Some believe the fear of prosecution may drive people away from developing...

By Ryan Daws, 25 September 2018, 0 comments. Categories: AI, Connected Cars, Development, IoT, Smart Cities.

Bosch and Daimler launch automated valet parking in China

Bosch and car manufacturing group Daimler have successfully launched the pilot of an automated valet parking service in China.

The pilot, launched in Beijing, uses automated technology to steer a vehicle to a designated space. Whenever the user wants to leave, a tap on their smartphone can return the vehicle to its owner ready for the onwards journey.

Professor Hans Georg Engel, Head of Mercedes-Benz R&D China, said:

“Automated Valet Parking is an important milestone on the...

By Ryan Daws, 17 September 2018, 0 comments. Categories: Connected Cars, IoT, Smart Cities.

George Hotz ousts himself as CEO of driverless startup Comma.ai

George Hotz, CEO of driverless car startup Comma, has ousted himself and will announce his “very talented” replacement on Friday.

Hotz gained notoriety after the impressive feat of hacking the PS3 and iPhone as a teenager under the ‘Geohot’ alias. Sony even went as far as to sue Hotz for hacking their console.

While the so-called jailbreaking scene on iOS is dwindling as a result of more features being included as part of Apple’s OS itself, many appreciated Hotz’s...

By Ryan Daws, 12 September 2018, 0 comments. Categories: AI, Connected Cars.

Dyson invests £200m into a UK driverless vehicle campus

Appliance giant Dyson is looking to venture outside the household by investing £200m into building a UK driverless vehicle campus.

The company will be redeveloping a Wiltshire airfield for its research purposes, offering plenty of space for testing driverless vehicles.

Several old World War Two-era air hangars will now be used for engineering work, housing up to 2,000 new employees at a site where Mosquitoes, Spitfires, and Lancaster bombers were once housed.

Jim Rowan, Dyson Chief Executive, comments:

By Ryan Daws, 30 August 2018, 0 comments. Categories: Connected Cars, IoT, Smart Cities.

Toyota pumps $500 million into Uber’s self-driving initiative

Automotive giant Toyota is pumping $500 million into Uber’s self-driving car initiative to help ensure both companies emerge as leaders in the space.

Competition is heating up in the autonomous driving business. Analysts from Research and Markets predict the industry will be worth $126.8 billion by 2027, so it’s little wonder so many firms are looking for their slice of the pie.

Toyota and Uber are both seen as lagging behind the competition...

By Ryan Daws, 28 August 2018, 0 comments. Categories: AI, Connected Cars, Smart Cities.

New research shows consumers continue to see significant risk in IoT device security

Consumers continue to be intrigued by IoT devices – yet almost two thirds polled by Dynatrace admit they have already encountered performance issues with serious injury a potential risk.

The study, titled ‘IoT Consumer Confidence Report: Challenges for Enterprise Cloud Monitoring on the Horizon’ and which polled 10,000 consumers globally, poured scorn on the security of connected devices amid consumer...

By James Bourne, 21 August 2018, 0 comments. Categories: Connected Cars, IoT, Security.