The Origin is expected to be produced by GM at its Detroit-Hamtramck plant in Michigan. Since then, it has brought on investors such as Honda Motor, Softbank Vision Fund and, more recently, Walmart and Microsoft. Bloomberg delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News on everything. It has been operating an employee ride-hailing service with a current fleet of autonomous vehicles in San Francisco for several years. The company delayed those plans that year to conduct further testing. Alphabet's Waymo remains the most high-profile front-runner, operating a public autonomous vehicle fleet in Arizona.Ĭruise was expected to launch a ride-hailing service for the public in San Francisco in 2019. Some companies, such as Uber Technologies, have given up on developing the systems in-house, while others such as Zoox sold to Amazon. The challenges have led to a consolidation in the autonomous vehicle sector after years of enthusiasm touting the technology as the next multitrillion-dollar market for transportation companies. Personal Loans for 670 Credit Score or LowerĬommercializing autonomous vehicles has been far more challenging than many predicted even a few years ago. Personal Loans for 580 Credit Score or Lower He received his undergraduate degree from the University of California, Berkeley.Best Debt Consolidation Loans for Bad Credit He also served on the board at Sprint Corp., Alibaba Group Holding Ltd. Son was previously employed as a Chairman by SVF Holdco (UK) Ltd., a President, CEO & Representative Director by Softbank Telecom Corp., a President, CEO & Representative Director by SOFTBANK BB Corp., a Chairman by Brightstar International Corp., a Principal by MIC America LLC, a President & Director by SoftBank Holdings, Inc., and a Member by Son Asset Management LLC. (United Kingdom), SoftBank Group Japan KK, SoftBank Corp. He is on the Board of Directors at Arm Ltd. 1 / 2 SoftBank's Son expects mass production of driverless cars in two years FILE PHOTO: Japan's SoftBank Group Corp Chief Executive Masayoshi Son attends a news conference in Tokyo. and a President & Representative Director at Wireless City Planning, Inc. Masayoshi Son is a Chairman at Supercell Oy, a Chairman & Chief Executive Officer at SoftBank Group Corp., a Chairman & Chief Executive Officer at SB Investment Advisers (UK) Ltd. (Reporting by Supantha Mukherjee in Stockholm, editing by Louise Heavens) Volkswagen Volkswagen is down one place, after topping this list last year. "I am investing in many companies which are utilising AI to disrupt all kinds of industries," Masa said. It used a modified Toyota Prius with its driverless technology and got a. Son, who made his name for investing early in startups such as China's Alibaba Group had said he will continue to take stakes in public companies he thinks are frontrunners in the artificial intelligence (AI) race. It has also funded the autonomous driving business of China's Didi Chuxing.Īutomakers and tech companies, including Alphabet Inc's Waymo and Tesla Inc, have been investing heavily in the autonomous driving industry. SoftBank has stake in self-driving car maker Cruise, which is majority owned by General Motors Co, and has been testing self-driving cars in California. SoftBank’s Son expects mass production of driverless cars in two years Fri, 0 Comments Enlarge STOCKHOLM (Reuters) SoftBank Group Corp Chief Executive Masayoshi Son said on Friday he expects mass production of self-driving vehicles to start in two years. The automobile will become a real supercomputer with four wheels." While in the first year the production of units won't be in millions, in the next several years the cost per mile in fully autonomous cars will become very cheap, Son said, speaking at a virtual meeting of the World Economic Forum.
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