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☆ Baidu gets license for driverless robotaxi tests in Beijing
  + stars: | 2022-12-30 | by ( ) www.reuters.com   time to read: +2 min
Dec 30 (Reuters) - Baidu Inc (9888.HK) said on Friday it had been granted the first license to test driverless vehicles on roads in Beijing, and would add another 200 robotaxis to its network across China in the coming year. Baidu started to charge fees for its robotaxi service Apollo Go last year. Apollo Go, which operates in Wuhan and Chongqing without a safety driver, delivered a total of 1.4 million driverless rides by end of the third quarter, Baidu has said. The company said it would begin testing 10 fully autonomous vehicles in a technology park developed by the government of Beijing as a step toward offering a commercial robotaxi service in China’s capital. The push by Baidu comes as other companies outside China pull back from the bullish rollout schedule for fully autonomous vehicles predicted just a few years ago.
☆ Tesla ‘full self-driving’ triggered an eight-car crash, a driver tells police
  + stars: | 2022-12-21 | by ( Matt Mcfarland | ) edition.cnn.com   time to read: +3 min
CNN Business obtained the report detailing the crash through a public records request Wednesday. California Highway Patrol reviewed videos that show the Tesla vehicle changing lanes and slowing to a stop. California Highway Patrol said in the Dec. 7 report that it could not confirm if “full self-driving” was active at the time of the crash. A highway patrol spokesperson told CNN Business on Wednesday that it would not determine if “full self-driving” was active, and Tesla would have that information. NHTSA told CNN Business a few days after the Thanksgiving Day crash that it was gathering addition information from Tesla and law enforcement about the crash.
☆ U.S. opens safety probe into autonomous driving system in GM's Cruise vehicles
  + stars: | 2022-12-16 | by ( David Shepardson | ) www.reuters.com   time to read: +3 min
WASHINGTON, Dec 16 (Reuters) - U.S. auto safety regulators said Friday they have opened a formal safety probe into the autonomous driving system in vehicles produced by General Motors' (GM.N) robotaxi unit Cruise LLC. The National Highway Traffic Safety Administration (NHTSA) said it has received notices of incidents in which self-driving Cruise vehicles "may engage in inappropriately hard braking or become immobilized." The agency said while both issues "appear to be distinct, they each result in the Cruise vehicles becoming unexpected roadway obstacles." The safety agency's preliminary evaluation covers 242 Cruise autonomous vehicles and is the first step before it could seek a recall. The investigation follows reports of three crashes in which Cruise vehicles were struck from behind by other cars after the autonomous vehicles braked quickly.
☆ Macro bets help hedge funds ride rough Chinese markets
  + stars: | 2022-10-10 | by ( Summer Zhen | ) www.reuters.com   time to read: +4 min
HONG KONG, Oct 11 (Reuters) - The hedge funds that have managed to weather and outperform China's bumpy stock markets so far this year say betting on big-picture macroeconomic changes have helped them. One such fund is Stanley Tao's $230 million Golden Nest Greater China Fund. The hedge fund posted approximately a 2.4% net return for September, according to internal estimates, and is down 1.2% for the first nine months. That compares with MSCI China's (.dMICN00000PUS) roughly 30% decline in the nine months to September, marking the worst first nine months since 2008. Macro strategies are the biggest winners this year, with hedge funds cashing in on the volatility spawned by the differing pace of global rate rises and regulatory changes -- seizing opportunities that didn't exist during a decade of uniform easy monetary policies everywhere.
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