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The UK government said last August it would advance a bill in the current parliamentary session, which is expected to end this autumn, providing detailed regulations by 2025. That has not yet happened, with political turmoil forcing the government to water down ambitions for this session. Transport Minister Mark Harper in December said there would no longer be a Transport Bill this session, and did not mention a separate AV bill in an outline of the ministry's legislative agenda. Last month Junior Minister Jesse Norman said he shared AV startups' concerns. They fear a self-driving bill will be crowded out by other vote-winning priorities in the run-up to the election.

Persons: Toby Melville LONDON, Claudio Gienal, Mark Harper, Iain Stewart, Jesse Norman, We've, Kaity Fischer, Wayve, Ashley Feldman, Alexander Dennis, Jim Hutchinson, Oxbotica, Paul Newman, Nick Carey, Ben Klayman, Sharon Singleton Organizations: REUTERS, Ireland, AXA, Transport, United Arab Emirates, Microsoft, Autonomous Vehicles, Stagecoach, BP, Thomson Locations: Oxford, Britain, British, France, Germany, California, London, Bristol, Edinburgh, Fife

☆ Stocks making the biggest moves midday: Affirm, Warner Bros. Discovery, Stitch Fix, Campbell Soup and more
▼ + stars: | 2023-06-07 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Affirm — Shares of the payments company surged 6% after Affirm and Amazon announced a new compatibility feature. Stitch Fix — The stock soared about 32% after the online personalized styling service company reported a narrower-than-expected loss for the fiscal third quarter. Stitch Fix posted a loss of 19 cents per share, compared with the 30-cent loss per share anticipated by analysts, according to Refinitiv. The company reported first-quarter earnings of $1.45 per share, while analysts polled by Refinitiv called for $1.24 per share. Revenue fell short of expectations, however, coming in at $597 million, versus the $602 million estimated by Wall Street.

Persons: Chris Licht, Buster's, Dave, Refinitiv, Morgan Stanley, Rosenblatt, Campbell, Canaccord Genuity, Coinbase, Wood, —, Jesse Pound, Brian Evans, Darla Mercado Organizations: Amazon, Revenue, Warner Bros, Dave, Wall Street, GameStop, FactSet, Petrobras —, StreetAccount, U.S . Securities, Exchange Commission Locations: Refinitiv

☆ Mobileye, the 'leading' self-driving stock, has nearly 20% upside, Canaccord Genuity says
▼ + stars: | 2023-06-07 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Mobileye Global is a leader in self-driving technology and a buying opportunity for investors, Canaccord Genuity says. "We believe autonomous vehicles (AVs) are set to increase resource utilization, improve productivity, save lives, and much more," Gianarikas wrote Wednesday. MBLY 1D mountain Mobileye Global shares 1-day Mobileye went public in October 2022 , jumping 37% on its first day trading on Nasdaq. Canaccord's $50 price target implies 18% upside from Tuesday's closing price. "Moreover, Mobileye holds the leading position in ADAS market (it estimates ~70% global market share) and is in a pole position to help lead the full self-driving market."

Persons: Canaccord Genuity, George Gianarikas, Gianarikas, Mobileye, — CNBC's Michael Bloom Organizations: Mobileye, Nasdaq, Intel

☆ GM CEO stands by her bet on autonomous vehicles
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: 1 min

Companies General Motors Co FollowDETROIT, June 2 (Reuters) - General Motors Co(GM.N) Chief Executive Mary Barra had a message on Friday for investors and rivals who see no profitable future in autonomous vehicles: You're wrong. Barra told attendees at a Sanford Bernstein conference that she sees a "giant growth opportunity" in GM's Cruise autonomous vehicle unit, and predicted personal self-driving cars would be on the market before the end of the decade. Barra reiterated a forecast that Cruise could generate $50 billion a year in annual revenue by 2030. GM currently is losing money on Cruise at the rate of $2 billion a year. Rivals, including Ford Motor Co and Volkswagen AG, have pulled the plug on autonomous vehicle efforts as losses mounted.

Persons: Mary Barra, Barra, Sanford Bernstein, Joe White Organizations: General Motors, General Motors Co, GM, Cruise, Rivals, Ford Motor Co, Volkswagen AG, Thomson Locations: DETROIT, GM's

DETROIT, June 2 (Reuters) - General Motors Co (GM.N) Chief Executive Mary Barra had a message on Friday for investors and rivals who see no profitable future in autonomous vehicles: You're wrong. That target assumes deployment of Cruise technology and services outside the United States - Dubai and Japan are among the future markets - as well as expansion into goods delivery and personal autonomous vehicles, Barra said. Rivals, including Ford Motor Co (F.N) and Volkswagen AG (VOWG_p.DE), have pulled the plug on autonomous vehicle efforts as losses mounted. Barra said those states have a more welcoming regulatory environment for self-driving vehicles. GM has petitioned U.S. vehicle safety regulators to deploy up to 2,500 of its Origin vehicles, which have subway-like doors and no steering wheel.

Persons: Mary Barra, Barra, Sanford Bernstein, Cruise, Joe White, Tiwary, David Shepardson, David Holmes Organizations: DETROIT, General Motors Co, Cruise, GM, Rivals, Ford Motor, Volkswagen AG, Traffic Safety Administration, NHTSA, Chevrolet, Cadillac, Tesla Inc, EV, Thomson Locations: GM's, United States, Dubai, Japan, San Francisco, Arizona and Texas, Washington, U.S, China

☆ Nvidia is up 165% in 2023. Here's why its the clear winner in the AI race so far.
▼ + stars: | 2023-05-27 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Nvidia stock has soared 165% in 2023 as investors wake up to the potential of artificial intelligence. Nvidia appears best positioned for AI growth as companies rely on its high-tech GPUs to power chatbots like ChatGPT and Bard. The stock is up 165% so far in 2023, and some analysts think there's still plenty of room for growth. "They have the entire AI silicon stack. They own over 95% of market share of the GPU market within the data center space," Zino said.

☆ Here are Cowen's top chip picks for an EV and autonomous-auto future
▼ + stars: | 2023-05-23 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

That's because the vehicle platform redesigns need to come through semiconductor innovations in processing and power-management technologies, analyst Joshua Buchalter wrote in a report on Monday. "We believe these powerful secular content themes are underappreciated amidst appropriate cyclical concerns and pushback on EV attach rate projections," he added. In fact, companies indexed to these trends can outgrow the broader market and should be on investors' radar today, Buchalter said. TD Cowen's proprietary model forecasts the total automotive semis market growing at a 9% compound annual growth rate from 2023 to 2030 — doubling to about $121 billion. The company has already amassed a $30 billion auto revenue pipeline, spread across the digital cockpit, connectivity and ADAS, he pointed out.

Persons: TD Cowen, That's, Joshua Buchalter, Buchalter, Mobileye, Matthew Ramsay, Ramsay, — CNBC's Michael Bloom Organizations: Microsystems, Mobileye's, Nvidia, Qualcomm Locations: ADAS

☆ Bank of America says buy these five tech stocks before it's too late
▼ + stars: | 2023-05-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bank of America named a slew of tech stocks that are just too attractive to ignore. IBM The evolution of IBM continues, Bank of America analyst Wamsi Mohan said after attending the company's recent Think event. "We believe IBM will embark on further cost cutting, and enhance its services and software offerings through acquisitions," he said. The stock finished the week up 3.6% this year, and Bank of America sees plenty more gains for the legacy tech giant. IBM "IBM expect to monetize AI first through Services and expects a later inflection in Software as adoption scales.

☆ Analysts say these 11 top-performing stocks are set to soar even more — giving one over 85% upside
▼ + stars: | 2023-05-18 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

The year is nearing its halfway mark, and global stocks have been doing much better than they had in volatile 2022. CNBC Pro screened for stocks that are beating the market nearly halfway into the year — and that analysts love. Only one stock had a 100% buy rating: Japan's Kansai Electric Power Company , a nuclear electric power generation firm. U.S. semiconductor firm Onsemi also made the screen, with analysts giving it 28% potential upside and a nearly 60% buy rating. Italian bank UniCredit had the highest potential upside in the list, at 85%, on top of a decent 88% buy rating.

☆ U.S. Tech Espionage Team Unveils First Cases Involving China and Russia
▼ + stars: | 2023-05-16 | by ( Ana Swanson | ) www.nytimes.com time to read: +1 min

The Biden administration announced arrests and criminal charges on Tuesday in five cases involving sanctions evasion and technology espionage efforts linked to Russia, China and Iran. Two Russian nationals were taken into custody last week under accusations of sending aircraft parts to Russia in violation of sanctions imposed after the invasion of Ukraine. The announcements were the work of a recently established “technology strike force,” which aims to protect critical American technology or data from theft by hostile nations. The strike force was set up in February and brings together agents with the Commerce and Justice Departments, as well as the F.B.I. Federal agents are working to trace the global movement of U.S. goods and data, as well as the funds used to pay for them.

☆ What’s a President to Do When a Nation’s Capital Is Sinking? Move It.
▼ + stars: | 2023-05-16 | by ( Hannah Beech | ) www.nytimes.com time to read: +38 min

A new capital city for a place with such disparities and diversity presents both a challenge and a chance for reinvention. Moving the Seat of Power From Java to Borneo Detail area Malaysia Nusantara Borneo Java Sea Indonesia Jakarta Java Indian Ocean Detail area Malaysia Nusantara Borneo Java Sea Indonesia Jakarta Java Indian Ocean Indonesia’s new capital, Nusantara, will be about 800 miles from the current capital, Jakarta. It cannot be overnight, it’s not like Aladdin comes with his genie,” said Bambang Susantono, the head of the Nusantara Capital City Authority. We have to prove that this will be a self-propelling city.” — Bambang Susantono, head of the Nusantara Capital City AuthorityCritics of I.K.N. Indonesia’s capital city faces sinking land and rising seas.

☆ Justice Department files criminal charges in cases of American tech stolen for Russia, China and Iran
▼ + stars: | 2023-05-16 | by ( Hannah Rabinowitz | ) edition.cnn.com time to read: +3 min

CNN —The Justice Department announced on Tuesday five criminal cases against people accused of stealing or illegally diverting American technology and materials for the Russian, Chinese and Iranian governments. The man, Xiangjiang Qiao, is at large in China, according to the Justice Department. “These charges demonstrate the Justice Department’s commitment to preventing sensitive technology from falling into the hands of foreign adversaries, including Russia, China, and Iran,” said Matthew Olsen of the Justice Department’s national security division. In New York, a Greek national is charged with allegedly acquiring more than 10 different types of sensitive technologies on behalf of the Russian government. The man, Dr. Nikolaos “Nikos” Bogonikolos, was arrested in Paris last week and the US will move for his extradition, the Justice Department said.

☆ Samsung Elec, Tesla heads meet to discuss cooperation in high-tech
▼ + stars: | 2023-05-14 | by ( ) www.reuters.com time to read: 1 min

SEOUL, May 14 (Reuters) - Samsung Electronics (005930.KS) Executive Chairman Jay Y. Lee met with Tesla (TSLA.O) CEO Elon Musk last Wednesday to discuss ways to cooperate in future high-tech industries, Samsung said on Sunday. The two companies are currently seeking ways to cooperate in the development of IT-related technologies, such as semiconductors for autonomous vehicles, Samsung added. The meeting was held during Lee's trip to the United States and was the first between the heads of the South Korean chip giant and the U.S. electric-vehicle maker, the company said. Reporting by Jihoon Lee; Editing by Edmund KlamannOur Standards: The Thomson Reuters Trust Principles.

☆ 'I don't need to dethrone a king': New Lyft CEO says the company can succeed without annihilating Uber
▼ + stars: | 2023-05-12 | by ( Julie Coleman | ) www.cnbc.com time to read: +3 min

Lyft CEO David Risher told CNBC's Jim Cramer on Friday he doesn't need to annihilate the competition — namely ride-share behemoth, Uber — to successfully turn around the struggling company. "I don't need to dethrone a king," Risher said, insisting the current market warrants two players because customers and drivers like to have options. "Five years from now, I hope people are no longer asking about Uber and Lyft," Risher continued, "I hope what they're saying is, 'Look what an amazing experience Lyft has created that'll help us get out and live our lives.'" Risher assumed the role of Lyft CEO just under a month ago, taking the reins from one of the company's co-founders, Logan Green. Risher made his name as an Amazon retail executive, joining the company in 1997 as its 37th employee, he told Cramer; he left in 2002.

☆ Cruise CEO Kyle Vogt talks the future of self-driving cars with Jim Cramer
▼ + stars: | 2023-05-10 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Cruise CEO Kyle Vogt talks the future of self-driving cars with Jim CramerCruise CEO Kyle Vogt joins 'Mad Money' host Jim Cramer to discuss where autonomous vehicle tech is being implemented right now and what the future of the industry could look like.

☆ Ferrari doesn't care about autonomous vehicles, CEO says
▼ + stars: | 2023-05-09 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

Ferrari's CEO says the company doesn't care about self-driving technology. Benedetto Vigna told a car summit hosted by the FT the group had the tech in place to build EVs. Ferrari doesn't care about technology for an autonomous vehicle, its boss says, reinforcing the company's intention to never build self-driving cars. There is performance software, there is comfort software, there is infotainment software, and there is autonomous," Vigna said. He suggested the company's shunning of self-driving software helped the group mostly stick to that tradition.

☆ 7. Anduril Industries
▼ + stars: | 2023-05-09 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +3 min

Anduril Industries operates in an increasingly complex security environment, where science and technology innovation are needed for the U.S. military to keep an edge. Throughout 2022, defense technology specialist Anduril Industries supplied drones, artificial intelligence software and training to help the Ukrainian Armed Forces conduct surveillance and reconnaissance missions. With a recent round of venture financing directed toward cutting-edge autonomous militaristic products, Anduril Industries stands to help fill this gap and scale it up. Building on that acquisition, last year Anduril Industries partnered with the U.S. Special Operations Command on a 10-year, $967 million contract to provide systems for shooting down drones. Anduril also bought startup Dive Technologies, a maker of underwater vehicles, to expand its suite of autonomous vehicles.

☆ Video shows police yelling at a driverless Waymo taxi to stop before it runs over a fire hose
▼ + stars: | 2023-05-08 | by ( Tim Levin | ) www.businessinsider.com time to read: +3 min

Footage obtained by San Francisco news site Mission Local shows police trying to stop a Waymo driverless taxi. The driverless taxis ferrying passengers throughout San Francisco are a technological marvel — and sometimes a nuisance. Waymo operates autonomous taxis in San Francisco and Phoenix, and customers can hail rides through an app. As impressive as they are, the driverless taxis on roads today still have trouble reacting to unusual situations like blocked streets or commands from first responders. A recent viral Tik Tok video shows a police officer repeatedly gesturing for a Waymo taxi to pull over.

☆ Where the Rubber Reads the Road: Tire Makers Aim for Real-Time Data Streams for Autonomous Vehicles
▼ + stars: | 2023-05-03 | by ( Isabelle Bousquette | ) www.wsj.com time to read: 1 min

A Bridgestone warehouse. Some tires already contain sensors that monitor pressure and wear. Tire makers are trying to develop sensors that could gather data on friction and road conditions in real time to help guide the decisions of self-driving vehicles. Photo: Toru Hanai/Bloomberg NewsTire manufacturers hope to play a critical role in feeding real-time information to self-driving vehicles, though first the companies will have to beat technical limitations and difficulties around data integration. Companies like Goodyear Tire & Rubber and Bridgestone aim to equip the tires of autonomous vehicles with sensors that can gather and relay data on friction and road conditions, helping the vehicles decide, for instance, how fast to take a turn or how soon to start braking.

☆ Top Taiwan chip designer MediaTek 'rapidly' shifts focus to autos, AI
▼ + stars: | 2023-04-28 | by ( Sarah Wu | ) www.reuters.com time to read: +1 min

TAIPEI, April 28 (Reuters) - Taiwan's top chip design company MediaTek is focusing more resources on chips for cars and AI computing as its smartphone clients face a supply glut and inflation and macroeconomic uncertainty dent demand for consumer electronics. "We are definitely moving our resources very, very rapidly towards the automotive and computing areas, because those areas will provide our growth in the next three to five years," MediaTek Inc (2454.TW) Chief Executive Rick Tsai told an earnings call. Tsai said everyone, including MediaTek, was rushing to claim that they were able to support generative artificial intelligence, such as ChatGPT. MediaTek is investing heavily in AI because the new areas the company is focusing on are all related to computing, Tsai said. While smartphone demand has remained lacklustre in the first quarter, the company expects signs of recovery later this year.

☆ Tesla's not even in the top 10 of self-driving firms, according to experts who ranked all of the leading companies working on automation
▼ + stars: | 2023-04-27 | by ( Alexa St. John | ) www.businessinsider.com time to read: +3 min

Research firm Guidehouse Insights regularly ranks companies developing automated driving tech. Tesla didn't make this year's top 10, and ranked last of 16 companies assessed. Moreover, of the 16 companies recently ranked by research and consulting firm Guidehouse Insights (which ranks some of the biggest names working on automated-driving technology each year), Tesla came in last. Tesla ranked last in similar lists in 2021 and 2020. To come up with the list, Guidehouse weighs factors such as a company's vision, go-to-market and production strategies, partners, tech, commercial readiness, and more.

☆ Mobileye lowers annual revenue forecast
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +1 min

April 27 (Reuters) - Mobileye Global Inc (MBLY.O) on Thursday lowered its forecast for annual revenue, hurt by increasing competition from start-ups as well as automakers developing their own driver-assistance products. The autonomous driving technology company now expects revenue to range between $2.07 billion and $2.11 billion from $2.19 billion and $2.28 billion estimated previously. The timeline for autonomous vehicle deployment due to tough regulatory scrutiny and delayed commercial adoption of the technology has also left investors worried. Mobileye, however, posted revenue of $458 million in the first quarter, compared with analysts' estimates of $454.7 million, according to Refinitiv IBES data. Reporting by Yamini Kalia and Tiyashi Datta in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ Pony.ai gets permit for driverless robotaxi services in China's Guangzhou
▼ + stars: | 2023-04-26 | by ( ) www.reuters.com time to read: +1 min

April 26 (Reuters) - Robotaxi startup Pony.ai said on Wednesday that it had received a permit to operate fully driverless ride-hailing services in China's Guangzhou city. The Toyota Motor Corp-backed (7203.T) startup, which has operations in China and the U.S., now has permits for fully driverless robotaxis in China's capital Beijing and Guangzhou. Pony.ai started driverless testing in Guangzhou in June 2021 and has accumulated nearly 200,000 fee-charging robotaxi orders globally as of this month, the company said in a statement. Both companies won permits for driverless taxi services in Beijing last month. California-based Pony.ai's next generation robotaxi model has obtained on-road testing licenses in Beijing and Guangzhou, it said, adding that robotaxi services with the model were expected to commence in the near future.

Bank of America says General Motors remains a leader in the auto industry, despite many investors remaining pessimistic on the stock. Meanwhile, Bank of America has a buy rating on the auto giant. General Motors recently unveiled the last new gas-powered Buick car , as the brand prepares to move to an all-electric domestic lineup by 2030. The company is bullish that lower-carbon electric vehicles are the future for the auto industry. GM 1Y mountain General Motors stock —CNBC's Michael Bloom contributed to this report.

☆ Cruise robotaxis now run all day in San Francisco, with public access after 10 p.m.
▼ + stars: | 2023-04-25 | by ( Lora Kolodny | ) www.cnbc.com time to read: +2 min

Kyle Vogt, CEO and founder of GM -owned autonomous vehicle company Cruise, announced Tuesday that the company's robotaxis are now running around the clock in San Francisco. The Cruise service is open to paying members of the public from 10 p.m. to 5:30am in the Northwest part of San Francisco, Cruise confirmed. People who are eligible to ride in the Cruise robotaxis during the day, and in other parts of the city, are not charged a fee. Across San Francisco, Phoenix and Austin, where Cruise is currently operating or testing its vehicles, there are around 240 driverless cars that run concurrently at night, with a majority in San Francisco. The company did not disclose how many robotaxis are in use in a typical day or night in San Francisco.

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