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Report: Uber to invest $500M in global mapping project

Green Car Congress

The Financial Times reports that Uber will invest $500 million into a global mapping project in an effort to decrease its dependence on Google Maps and to prepare for autonomous driving. Uber has already hired Brian McClendon, formerly the head of Google Maps for more than a decade. Earlier post.). Earlier post.).

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TAE Technologies exceeds fusion reactor performance goals by 250% as company closes $250M round; $1.2B to date

Green Car Congress

In its recently closed Series G-2 financing round, TAE secured $250 million from investors in the energy, technology, and engineering sectors to support the company’s mission to deliver a long-term solution to rapidly growing electricity demand while providing global energy independence and security.

Fusion 243
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ITF launches global initiative to decarbonize transport

Green Car Congress

The International Transport Forum (ITF) at the OECD has launched a major global initiative towards carbon-free transport. Transport activity currently contributes 23% of global CO2 emissions from fossil fuels, with the share expected to rise. The COP 21 Paris Agreement created a political pathway for global CO 2 mitigation efforts.

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Volkswagen Group top global R&D spender in 2014; 3rd year in a row

Green Car Congress

The Volkswagen Group was the top global R&D spender in 2014, according to The 2014 Global Innovation 1000 report from consultancy Strategy& (formerly Booz & Company). Apple led that list, followed by Google, Amazon and Samsung. This marks Volkswagen’s third year in a row in the top spot. Volkswagen, which spent US$13.5

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WiTricity extends recent funding for a total of $52M

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Stage 1 Ventures led the first tranche of $34 million with participation from Air Waves Wireless Electricity and a strategic investment by Mitsubishi Corporation through its US subsidiary, Mitsubishi Corporation (Americas). Tony Fadell, Principal at Future Shape, a global investment and advisory firm.

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15 Graphs That Explain the State of AI in 2024

Cars That Think

Generative AI investment skyrockets While corporate investment was down overall last year, investment in generative AI went through the roof. Google released the most in 2023. While many bills continue to boost AI, the researchers found a global trend toward restrictive legislation.

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Autonomous driving visionary Dr. Lawrence Burns joining Neural Propulsion Systems as Executive Advisor; L4/L5 autonomous driving

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Burns is the former Corporate Vice President of Research & Development and Planning at General Motors ( earlier post ). He has also advised numerous companies—including Google Self-Driving Cars/Waymo for over a decade.

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