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Suning completes test of self-driving heavy-duty truck

SHANGHAI – Suning Logistics, a subsidiary of Chinese commercial giant Suning Holdings Group, has completed driving tests for its autonomous heavy-duty truck, the “Strolling Dragon,” in Shanghai, marking another milestone in the company’s plan to offer fully-automated logistics solutions. Strolling Dragon is the largest unmanned truck in Suning Logistics’ automated fleet,

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SenseTime receives C-round financing of $600 million, led by Alibaba Group

BEIJING – SenseTime, China’s leading artificial intelligence (AI) company, announced on April 9 that it has received C-round financing of $600 million, led by Alibaba Group and followed by Singapore Sovereign Wealth Fund Temasek, Suning.com and other top investment institutions and strategic partners, which will provide important impetus to the

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Chery becomes first automaker to use ZF’s ProAI supercomputer for L3 autonomous driving

[ UPDATE ] ZF appointed Wolf-Henning Scheider as new CEO effective February 1, 2018, succeeding Dr. Konstantin Sauer, who returns to his full time position as CFO after holding the CEO position on an interim basis. DETROIT – Chery Automobile Co., Ltd. has become the first automaker to use ZF’s ProAI

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DiDi Chuxing’s latest $4 billion financing round to support AI, international expansion and NEV ecosystem

BEIJING – DiDi Chuxing, the world’s leading mobile transportation platform, announced on December 21 the completion of a new equity funding round of over $4 billion to support AI capacity-building, international expansion, and new business initiatives including the development of new energy vehicle service networks. In a testament to strong

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MIIT AI development action plan sets key targets for autonomous driving and ICVs

BEIJING – The Ministry of Industry and Information Technology (MIIT) issued the Three-Year Action Plan to Boost Development of the New-Generation Artificial Intelligence Industry (2018-2020) on December 14, which has set key targets for autonomous driving and intelligent connected vehicles (ICV). According to the Plan, ICVs are the primary target

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GAC Group and IFLYTEK team up to develop smart HMI and AI technologies

GUANGZHOU – GAC Group and IFLYTEK Co., Ltd., a leading voice recognition technology provider, signed a strategic cooperation agreement in Guangzhou on December 7 that they would cooperate in the business fields of smart human-computer interface technology, analysis of big data, intelligent IOV platform and intelligent sales robots. According to

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Honda signs 5-year deal with China-based SenseTime to develop AI tech for automated driving

TOKYO –Honda R&D Co., Ltd., the R&D subsidiary of Honda Motor Co., Ltd., announced on December  7that it has signed a 5-year joint research and development contract with SenseTime Group Ltd., a China-based IT company with strengths in the area of artificial intelligence (AI) technologies. The agreement is part of

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Horizon Robotics receives investment from Intel Capital, A-plus round to total $100 million by yearend

SAN FRANCISCO – Horizon Robotics, a leading global Artificial Intelligence (AI) startup headquartered in Beijing, announced on October 19 at the Intel Capital CEO Showcase that it has received investment from Intel Capital. Harvest Investments will join the round as a co-investor with participation from existing shareholders including Morningside Venture

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