[230616] #Mobileye #AEye #FERNRIDE  

1. California OKs Mercedes-Benz Drive Pilot autonomous driving

• • The California Department of Motor Vehicles (DMV) has granted Mercedes-Benz the permit to test its Drive Pilot autonomous driving system on public roads.
  • Drive Pilot is an advanced driver assistance system (ADAS) that enables hands-off driving in certain situations.
  • The permit allows Mercedes-Benz to test the Drive Pilot system with trained safety drivers behind the wheel.
  • Mercedes-Benz aims to use the data gathered during the testing phase to improve and refine the Drive Pilot system.
  • The Drive Pilot system uses a combination of sensors, cameras, and artificial intelligence to provide autonomous driving capabilities.
  • It is designed to offer Level 3 autonomous driving, which means the system can handle most driving tasks but still requires human intervention in certain situations.
  • California is a significant location for autonomous vehicle testing due to its favorable regulations and well-developed infrastructure.
  • Mercedes-Benz’s approval to test the Drive Pilot system in California highlights the company’s commitment to developing and advancing autonomous driving technologies.
  • The testing of the Drive Pilot system in real-world conditions will help Mercedes-Benz assess the system’s performance and address any potential issues or challenges.
  • The ultimate goal of Mercedes-Benz is to bring highly automated and autonomous driving to the market, enhancing safety and convenience for drivers.

2. FERNRIDE raises $31 million to scale operations and advance its teleoperated trucking platform

• • Fernride, a teleoperated trucking platform based in Europe, has secured $31 million in funding.
  • The funding will be used to expand Fernride’s operations and further develop its teleoperated trucking technology.
  • Fernride’s teleoperated trucking platform enables remote human operators to control trucks in real-time.
  • The technology combines artificial intelligence and human oversight to ensure safe and efficient operations.
  • The company aims to address the shortage of truck drivers and increase the efficiency of freight transportation.
  • Fernride plans to use the funding to hire more employees, invest in infrastructure, and scale its operations.
  • The investment round was led by venture capital firms and included participation from existing investors.

3. AEye and Klas Showcase Their Technology On Future Mobility Campus Ireland’s Testbed Vehicle at ADAS Stuttgart

• • AEye, a perception system company, and Klas, a connectivity solutions provider, demonstrated their technologies on a testbed vehicle at ADAS Stuttgart.
  • The testbed vehicle was provided by Future Mobility Campus Ireland (FMCI), a research and testing facility for autonomous vehicles.
  • AEye showcased its adaptive LiDAR technology, which combines LiDAR and artificial intelligence to provide enhanced perception capabilities for autonomous vehicles.
  • Klas demonstrated its ruggedized, secure connectivity solutions that enable seamless communication between vehicles and the cloud.
  • The collaboration between AEye and Klas on the testbed vehicle aims to showcase the integration of perception and connectivity technologies for autonomous driving.
  • Future Mobility Campus Ireland’s testbed provides a controlled environment for testing and validating autonomous vehicle technologies.
  • The demonstration at ADAS Stuttgart highlights Ireland’s commitment to fostering innovation in autonomous mobility and supporting the development of advanced technologies.

4. Foresight Signs MOU with South Korean Tier One Supplier KONEC for Cooperation in ADAS and Autonomous Driving Solutions

• • Foresight Autonomous Holdings Ltd., an Israeli technology company specializing in advanced driver assistance systems (ADAS) and autonomous driving solutions, has signed a Memorandum of Understanding (MOU) with KONEC, a South Korean Tier-One automotive parts supplier.
  • The collaboration aims to integrate Foresight’s QuadSight® vision system into KONEC’s future advanced driver-assistance systems and autonomous vehicle projects.
  • Foresight’s QuadSight® vision system utilizes four cameras and advanced algorithms to provide accurate object detection and identification capabilities in all weather and lighting conditions.
  • KONEC is a leading supplier of automotive parts to global automakers, with expertise in developing and manufacturing electronic control units (ECUs), sensors, and more.
  • The agreement signifies Foresight’s continued expansion into the Korean market and its commitment to collaborating with key industry players to enhance the development of ADAS and autonomous driving technologies.
  • Both companies will work together to explore additional potential opportunities for collaboration and commercialization of their combined technologies.

5. Intel preparing to sell off $1.5 billion stake in Israel’s Mobileye

• • Intel Corporation is reportedly planning to sell its stake in Mobileye, an Israeli autonomous driving technology company, for an estimated value of $1.5 billion.
  • Mobileye, acquired by Intel in 2017 for $15.3 billion, specializes in developing advanced driver-assistance systems (ADAS) and autonomous vehicle technologies.
  • The potential sale of Intel’s stake in Mobileye is part of Intel’s strategy to focus on its core business areas, including processors and data centers.
  • The decision to divest from Mobileye aligns with Intel’s efforts to streamline its operations and optimize its investments.
  • The sale could attract interest from various investors, including private equity firms and technology companies.
  • Intel aims to use the proceeds from the sale to fund its ongoing research and development initiatives and to strengthen its core business offerings.