Google’s gearing up to spin off its self-driving cars business October 27, 2016 Google's self-driving cars are getting a life of their own. X lab, the autonomous vehicle project, is becoming a standalone unit of Google's parent company Alphabet; possibly the first step on its journey to becoming an independent company. The wheels were set in motion at the beginning of the year when Alphabet started separating the [...]
Tesla posts shock profit October 26, 2016 Tesla Motors has trumped analysts' expectations and posted its first profit in eight quarters on the back of record car deliveries. The electric carmaker said its net income for the third quarter ending 30 September was $21.9m (£17.9m). A year earlier, Tesla made a loss of $229,9m. Tesla's revenue more than doubled, reaching $2.3bn. Analysts had been expecting [...]
As Stephen Hawking questions AI, will it be the best or worst thing to ever happen to humanity? October 20, 2016 Suranga Chandratillake, general partner at Balderton Capital, says the Best. Evolution is powerful but slow. As a result, we humans are stuck with the bodies and minds we have today – and we know that neither will change dramatically in our lifetimes, or in those of our children. It is technology that frees us from these [...]
Before the bell: What you need to know before the US market open October 20, 2016 Markets are further backing a Clinton victory in the US presidential election next month after last night's final debate, while the European Central Bank is expected to keep policy on hold when it meets this afternoon. Here's what you need to know before the US market open at 2:30pm London time. US futures are pointing higher [...]
Watch: Tesla’s self-driving cars revealed in video shared by Elon Musk October 20, 2016 All Tesla cars will have the capacity to drive themselves, company boss Elon Musk has revealed in a highly anticipated announcement which the entrepreneur had teased in tweets. All models, including the Model 3 and and Model X, will now be fitted with hardware that will make it possible to drive without human control. However, that [...]
Five things Elon Musk’s mysterious delayed product launch could be October 17, 2016 Is there anyone as mysterious as Elon Musk on Twitter? The Tesla founder has sent analysts and investors into a frenzy of speculation after he posted a single, two-sentence tweet late last night. Moving the Tesla announcement to Wednesday. Needs a few more days of refinement. — Elon Musk (@elonmusk) October 16, 2016 The news [...]
Former Tesla rival Fisker is revved up to make electric cars again October 5, 2016 The man behind an electric car maker which was once a major rival of Tesla has just unveiled two new models. Henrik Fiske0'sr last company, Fisker Automotive, went bankrupt in 2013. It was known for building luxury cars, favoured by celebrities. Read more: Tesla delivered a record amount of cars in the third quarter Now, Fisker has created a high-end car aimed [...]
Automotive and tech firms are poaching each other’s talent to pull ahead in the driverless car race October 3, 2016 Automotive and IT firms are poaching each other’s talent in a bid to nudge ahead in the driverless car race, according to research by CPA Global. Its analysis found that more than 20 patent inventors have made the switch from automotive to IT companies or vice versa since 2008, with Google’s self-driving car programme serving [...]
Tesla delivered a record amount of cars in the third quarter October 2, 2016 Prolific entrepreneur Elon Musk's Tesla Motors said today that the number of vehicles it delivered hit a record 24,500 in the third quarter. They had risen 70 per cent quarter-on-quarter in what the firm said was a "slightly conservative [figure], as we only count a car as delivered if it is transferred to the customer and all [...]
Paranoid about androids: Brits fear AI October 2, 2016 Brits are increasingly fearful of the impact robots could have on our society in the future. New research reveals over half of UK adults (58 per cent) are worried about the impact of robots, with two fifths (41 per cent) believing robots will destroy humanity as we know it. The survey, commissioned by Sky, echos [...]