Cognata Uses Deep Learning Tech to Gather Autonomous Driving Data [Video]

  • Emma Sandler
  • June 16, 2017
How can the virtual world impact the real world? Well, when it comes to autonomous vehicles, a simulated reality could help accelerate the cars’ ability to enter the physical realm. Self-driving cars would need about 11 billion miles in data in order to prove they are safer than human drivers, according to a published report. With […]

NEVS Unveils a Self-Driving ‘Room’ [Video]

  • Emma Sandler
  • June 9, 2017
National Electric Vehicle Sweden (NEVS), the mobility company that was founded after acquiring Saab Automobile in 2012, released a new autonomous concept car at CES Asia in Shanghai this week. The vehicle is called InMotion Concept and features an adaptable interior that could be controlled via an app for when someone rides by themselves, with friends, […]

Bank of America: Eliminating Third-Party for Online Platform Was ‘Critical’ [VIDEO]

  • Natalie Mattila
  • June 2, 2017
SAN DIEGO — The driving factor behind Bank of America’s decision to build its new online, direct lending platform — rather than buy or partner with a third-party — was to maintain control, Duane Freeman, the bank’s national sales executive of consumer vehicle lending, said at Auto Finance Innovation 2017. “Most other key competitors have […]

Opportunity for Auto Finance Recognition is Now, Fair President Says [VIDEO]

  • Natalie Mattila
  • June 1, 2017
Auto finance does not get enough recognition, especially since those financial institutions are the ones who “truly take care of the customer,” Georg Bauer, co-founder and president of startup Fair, said at the recent Auto Finance Innovation 2017 event. Manufacturers and dealers have their own — and sometimes conflicting — interests in the space, Bauer told attendees. […]

Yandex Reveals First Look at Self-Driving Taxi [VIDEO]

  • Emma Sandler
  • June 1, 2017
The largest search engine in Russia, Yandex, revealed a prototype of an autonomous taxi cab in a video yesterday. The video shows Yandex.Taxi — which will work with on-demand ride services — weaving around obstacles and errant pedestrians as well as avoiding a truck collision. The vehicle is developed in-house using navigation, geolocation, computer vision, and […]
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