Lifeboat Foundation

The industrial innovation fund is seeking to invest in start-ups that can support the ecommerce group’s aims of becoming “more efficient, safer for our associates, and increase the speed of delivery to our customers.” Bossart said.

She said the Amazon fund would expand its focus this year, including by seeking to invest in companies involved in the “last mile” of deliveries, when packages arrive with customers, as well as geographically and in later-stage companies. However, Bossart would not be drawn on how much the fund has deployed so far, declining to comment on a report it has invested $110 million as of June.

The focus on the automation of warehouses and logistics was not about cutting people out of them altogether, but would result in a “shift in jobs” as more robots and automated vehicles took on repetitive or dangerous tasks, she said. “We’re also a long way off from replacing all humans,” she added.

The move also comes when Apple faces stiff competition from other tech giants in the electric vehicle space, such as Xiaomi and Sony.

Apple has reportedly finally given up on its long-running and secretive electric car project.

The project was dubbed Project Titan. According to a report by Bloomberg, the tech giant reportedly broke the news to its employees on Tuesday. The report said that many of the 2,000-strong car team will be reassigned to other areas, such as generative AI.

Continue reading “Apple pulls the plug on its electric car project” »

One major area of our lives that uses largely “hidden” AI is transportation. Millions of flights and train trips are coordinated by AI all over the world. These AI systems are meant to optimize schedules to reduce costs and maximize efficiency.

Artificial intelligence can also manage real-time road traffic by analyzing traffic patterns, volume and other factors, and then adjusting traffic lights and signals accordingly. Navigation apps like Google Maps also use AI optimization algorithms to find the best path in their navigation systems.

AI is also present in various everyday items. Robot vacuum cleaners use AI software to process all their sensor inputs and deftly navigate our homes.

Researchers can engineer cells to express new genes and produce specific proteins, giving the cells new parts to work with. But, it’s much harder to provide cells with instructions on how to organize and use those new parts. Now, new tools from University of Wisconsin–Madison researchers offer an innovative way around this problem.

Their research is published in the journal Cell.

Everything a cell does depends on how molecules are organized within the cell. Inside our cells—all cells—proteins and other molecules undergo organization and reorganization to carry out cellular function. Like a fleet of commuter trains moving at scheduled intervals along their different routes, proteins within a cell are organized in time and space to carry out complex but predictable functions.

As other automakers fret over demand, Hyundai Motor Group is ahead of schedule on its Savannah, Georgia EV factory.

Buick is in the middle of “an evolution” as it introduces a new design based on the Wildcat EV concept. The company revealed a new tagline and brand campaign, “Exceptional by design,” showcased by a sleek gold Wildcat EV model.

Although Buick has yet to launch its first EV in the US, the automaker is prepping for its next era. The revamp started with an updated tri-shield in June 2022, unveiling the stunning Wildcat EV concept.

Continue reading “Buick unveils new design and branding with a sleek gold Wildcat EV” »

An international team of researchers, led by Swinburne University of Technology, demonstrated what it claimed is the world’s fastest and most powerful optical neuromorphic processor for artificial intelligence (AI). It operates faster than 10 trillion operations per second (TeraOPs/s) and is capable of processing ultra-large scale data.

The researchers said this breakthrough represents an enormous leap forward for neural networks and neuromorphic processing in general. It could benefit autonomous vehicles and data-intensive machine learning tasks such as computer vision.

Artificial neural networks can ‘learn’ and perform complex operations with wide applications. Inspired by the biological structure of the brain’s visual cortex system, artificial neural networks extract key features of raw data to predict properties and behaviour with unprecedented accuracy and simplicity.

Swiss startup Sirius Aviation has unveiled what it says is the world’s first hydrogen VTOL (vertical take off and landing) aircraft — and an ambitious plan to have it in the air by 2025.

The challenge: Electric VTOLs (eVTOLs) are widely promoted as the next big thing in aviation, and dozens of companies developing their own versions of the vehicles — fleets of flying electric taxis planned to zip around cities and over traffic jams.

Continue reading “Swiss startup unveils the world’s first hydrogen VTOL jet” »

The Tesla Model 3 has raised its own benchmark by winning the 2024 Drive Car of the Year Best Urban Electric Vehicle under $100K.