Technology News

GlobalFoundries posted a 56% rise in revenue on Tuesday, in its first earnings update after going public in October, as the global semiconductor shortage drives companies to secure supplies of chips used in everything from cars to mobile phones.

Rivian had said that it planned on delivering the electric van for Amazon in December

Motional has already started a ride-sharing service with Uber's main rival Lyft.

Companies including Ford Motor Co's Argo AI and General Motors Co's Cruise are competing for the billions of dollars in financing needed to automate driving through artificial intelligence software and expensive sensors.

The new venture, called DiPi Intelligent Mobility Co and located in Shenzhen, combines BYD's capabilities as an automaker with Momenta's experience in intelligent driving.

What3words divides the world into 3 meter blocks designated by 3 letters.

China's BYD and autonomous driving startup Momenta have established a 100 million yuan ($15.7 million) joint venture to deploy autonomous driving capabilities across certain BYD car model lines, according to a Momenta statement and a person familiar with the matter.

Jidu, an electric vehicle venture between China's tech giant Baidu and Chinese automaker Geely, would make EVs that are of the autonomous Level-four, which needs no human intervention.