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How Will Electric Cars Destabilize the Automotive Industry?

Galido

Information Technology Blog - - How Will Electric Cars Destabilize the Automotive Industry? The traditional automotive industry is in a period of flux. Currently, there is a bit of a safety net, as the cost of a new manufacturer or engine supplier entering the industry is high enough to be prohibitive, especially to startups.

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Connected car company Xevo, owned by Lear, hit with layoffs in Seattle area

GeekWire

The company, acquired by global automotive giant Lear in 2019, develops connected-car software for automakers including Toyota, GMC, Hyundai, and others. specializes in automotive seating and electrical systems and employs more than 174,000 people across 257 facilities in 38 countries. (Xevo Photo). Bellevue, Wash.-based

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Amazon discloses 20% stake in electric vehicle startup Rivian, makers of future delivery van

GeekWire

As of December 31, 2020 and September 30, 2021, equity investments not accounted for under the equity-method and without readily determinable fair values, including preferred stock of Rivian Automotive, Inc. representing an approximately 20% ownership interest, had a carrying value of $2.7 billion and $3.8 billion and $3.8 billion.

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The perils of using voice commands with IoT machines

Network World

Earlier this week, German carmaker Volkswagen announced an upgrade to its VW Car-Net mobile app that lets iPhone users control their Golfs and Jettas using Siri commands. Not in most cases, actually, but the announcement got me thinking about the limits and perils of voice commands in automotive applications.

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Amazon’s cloud business and AI initiatives in the spotlight in advance of earnings report

GeekWire

Wall Street analysts expect the company to report net sales (revenue) of $131.5 Analysts expect earnings of 35 cents a share, vs. a loss of 20 cents a share a year ago (which included a valuation loss on the company’s Rivian Automotive investment). billion, up 8.5% from a year ago, as reported by Yahoo Finance.

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Microsoft in talks to acquire Nuance Communications for a reported $16B

GeekWire

Nuance background: The Boston-area publicly traded company specializes in “conversational AI” for applications in healthcare, telecommunications, automotive, financial services, and more. 31, down 4%, and non-GAAP net income of $91.4 Nuance reported revenue of $345.8 million in the quarter ended Dec.

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Amazon profits nearly double to $14.3B, boosted by Rivian stake, as company hikes Prime fees

GeekWire

billion in the value of its stake in Rivian Automotive following the electric vehicle maker’s initial public offering. ” Net sales rose 9% to $137.4 Amazon posted profits of $14.3 The company also announced a $20 increase in its annual Prime membership fee , to $139 from $119 previously. “As billion a year earlier.

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