10 Auto Finance and Mobility Companies Tackling AI

  • Emma Sandler
  • July 31, 2017
The term “artificial intelligence” may seem like a 21st-century buzzword, but in fact, it has existed for more than six decades. However, only now is a part of our daily lives. AI exists in simple forms, like chatbots and digital personal assistants, as well as more advanced iterations in machine learning and self-driving cars. Transportation […]

CarLabs to Launch OEM Chatbot

  • Emma Sandler
  • July 28, 2017
CarLabs is working with an undisclosed OEM to launch a chatbot by September, which could include integration of the captive finance arm, Brendan Flynn, vice president of marketing, told Auto Finance News. Last Updated: 28th July, 2017, 9:39 AM

Future of Mobility, Part II: Rise of AVs Means Decline in Loan Volumes

  • Emma Sandler
  • June 20, 2017
With the rise of autonomous vehicles, loan volumes, as well as underwriting procedures, are posed to undergo a significant change. A Deloitte study explored the possible impact of self-driving vehicles on auto finance, and found that $500 billion in new loans and leases are originated annually, with 86% of new car purchases and 55% of used ones relying on […]

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 […]

IBM Watson Integrates with BMW CarData to Offer Third-Party Services

  • Emma Sandler
  • June 15, 2017
IBM Watson teamed up with the recently-released BMW CarData to enable vehicle data-sharing with third parties, the companies said yesterday. BMW CarData will allow up to 8.5 million BMW customers globally to make use of third-party services in a secure and transparent way, by enabling customized service options based on data gathered from the vehicle […]
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