The U.S. electric vehicle maker rolled out Full Self-Driving, or...
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Chinese automakers redefine the car as a living space at Beijing Auto Show
Tang Daosheng, a senior executive from Chinese tech giant Tencent,...
Centre wants electronic component makers to ensure nation’s security interests: IT Secy
S Krishnan,Secretary,Ministry of Electronics and Information...
Going to court over losses when Robot is to blame
In the hedge fund world, pursuing AI has become a matter of necessity after years of underperformance by human managers. Quantitative investors—computers designed to identify and execute trades—are already popular. More rare are pure AI funds that automatically learn and improve from experience rather than being explicitly programmed. Once an AI develops a mind of its own, even its creators won’t understand why it makes the decisions it makes.
Forgers are forcing $9-trillion global trade financing into digital age
As much as 80 percent of global flows of merchandise — worth about $9 trillion — is financed by some form of credit, guarantee or insurance, according to a global survey by the International Chamber of Commerce. Trade finance revenues were $39 billion in 2017.
India’s e-car plan has just one potentially flaw
India is home to over 2 million electric two-wheelers and rickshaws — more than the number of electric cars in China. Sales of such smaller electric vehicles continue to rise. But in the absence of charging infrastructure, many of their drivers have been illegally siphoning power. Only 10 per cent of the latest subsidy program is allocated for charging stations.
Mastercard commits Rs 7,000 crore investment in India in next 5 years
There were as many as 990.6 million cards (46 million credit cards and 945 million debit cards) at the end of February 2019, according to RBI data.
From its formation to landfall, how IMD tracked cyclone ‘Fani’
Data was processed under different weather models by the Indian Institute of Tropical Meteorology (IITM), Pune and National Centre for Medium Range Weather Forecasting (NCMRWF), Noida. These two institutes have two supercomputers that process data. Twelve hours before the landfall, we kept sending updates on locations to concerned states every half hour using our radars, besides releasing hourly bulletins, IMD’s Director General K J Ramesh. said
Microsoft tools ease access to Blockchain, Artificial Intelligence for businesses
The company is also introducing a cloud-based blockchain service. The block chain, a ledger for keeping track of transactions among many participants, is used in the financial technology space, and Microsoft said it is working with JP Morgan Chase & Co on the bank’s Quorum offering.
Tesla to launch insurance products in May
“The answer is yes we are creating a Tesla insurance product and we hope to launch that in about a month. It will be much more compelling than anything else out there,” Tesla CEO Elon Musk said
Data and alternative risk finance methods are boosters for risk managers:Report
“By effectively marshalling data and risk modeling tools, organizations can better understand changes in their risk profiles and risk bearing capacity allowing them to access the opportunities presented by the growing levels of capital available for risk finance,” said Brian Elowe, North American Chief Client Officer, Marsh.
Privacy practices probe could cost facebook up to $5 billion
Under the terms of the 2011 settlement with the US Federal Trade CommissionC, Facebook agreed to get user consent for certain changes to privacy settings. The agreement stemmed from claims that it deceived consumers and forced them to share more personal information than they intended. That complaint arose after the company changed some user settings without notifying its customers.
Direct-to-Consumer model gains traction in US auto insurance market
What’s driving this trend? In a word: consumerism. The shift in consumer behavior in the auto insurance industry is quickly moving from face-to-face to digital as large, well-capitalized insurers give consumers the tools to shop as they would for any other consumer product. Increasingly, those insurers who get that consumer model right are the ones who will dominate the market.