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AI Business New Enterprise Associates Silicon Valley Tech Top News raises $50 million in funding; Andrew Ng joins board

June 27, 2017 SAN FRANCISCO (Reuters) – Self-driving startup said on Tuesday it raised $50 million in a second round of funding as the Silicon Valley company prepared to deploy its technology in pilot vehicles later this year. The company, one of a handful of startups building fully autonomous systems for cars, also said it had added to its board Andrew Ng, a prominent figure in the artificial intelligence (AI) industry. Ng formerly led AI projects at Baidu and Alphabet’s Google. Ng is the husband of’s co-founder and…

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Faurecia, ZF partner to develop ‘cockpit of the future’ for self-driving cars

May 4, 2017 (Reuters) – French car parts supplier Faurecia said it signed a partnership agreement with German company ZF to develop interior and safety technologies for self-driving cars, dubbing it the “cockpit of the future”. Global automakers and technology companies ranging from Alphabet’s Waymo to chipmaker Qualcomm are in a crowded race to develop self-driving vehicles. “Together, we can offer complete interior safety features to meet the future challenges which will allow the interior of the future to be safe, connected, versatile and predictive,” Faurecia Chief Executive Patrick Koller…

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Car industry players diverge on timescale for self-driving cars

March 16, 2017 By Georgina Prodhan BERLIN (Reuters) – Carmakers and suppliers gave widely differing timelines for the introduction of self-driving vehicles on Thursday, showing the uncertainties surrounding the technology as well as a split between cautious established players and bullish new entrants. Chipmaker Nvidia , facing direct competition with the world’s top chipmaker after Intel’s $15 billion deal to buy autonomous driving technology firm Mobileye this week, gave the most optimistic predictions. Chief Executive Jen-Hsun Huang forecast carmakers may speed up their plans in the light of technological advances…

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