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Time Business News
21-05-2025
- Automotive
- Time Business News
How Artificial Intelligence is Revolutionizing the Transportation Industry
In an era where efficiency and innovation are paramount, artificial intelligence (AI) has emerged as a game-changer across industries — and transportation is no exception. From predictive maintenance to autonomous vehicles, AI is revolutionizing how people and goods move. Whether you're a commuter, a logistics provider, or a transportation planner, the impact of AI is becoming increasingly impossible to ignore. AI encompasses a variety of technologies — machine learning, computer vision, natural language processing, and data analytics — that help systems learn, adapt, and make intelligent decisions. In the transportation sector, these technologies are being used to enhance safety, optimize operations, and reduce costs. Improved Safety AI-powered systems can detect driver fatigue, monitor vehicle performance, and prevent accidents using real-time data analytics. Advanced Driver Assistance Systems (ADAS) like automatic braking and lane departure warnings are already in widespread use. Operational Efficiency AI algorithms optimize routes for fleets, reducing travel time and fuel consumption. Predictive maintenance powered by AI prevents breakdowns, increasing vehicle lifespan and reducing downtime. Traffic Management Smart traffic lights powered by AI can dynamically adjust based on real-time traffic conditions, helping to alleviate congestion. AI models analyze traffic patterns to assist in urban planning and infrastructure development. Cost Reduction By automating operations and reducing fuel and maintenance expenses, AI helps companies save money while boosting productivity. Enhanced User Experience AI chatbots and voice assistants improve customer service in ride-hailing, public transport, and logistics platforms. Personalization algorithms suggest travel routes and times based on user behavior and preferences. Waymo : Google's self-driving car project uses AI for real-time object detection, route planning, and decision-making. : Google's self-driving car project uses AI for real-time object detection, route planning, and decision-making. Tesla Autopilot : A combination of AI-powered features including auto lane change, traffic-aware cruise control, and self-parking. : A combination of AI-powered features including auto lane change, traffic-aware cruise control, and self-parking. Uber and Lyft : Utilize AI for dynamic pricing, ETA predictions, and optimized driver-partner matching. : Utilize AI for dynamic pricing, ETA predictions, and optimized driver-partner matching. DHL and FedEx: Use AI for route optimization, package tracking, and warehouse robotics to improve delivery efficiency. Public Transportation : AI predicts demand surges, adjusts schedules, and helps in real-time passenger information systems. : AI predicts demand surges, adjusts schedules, and helps in real-time passenger information systems. Logistics and Freight : AI forecasts delays, reduces idle time, and enhances supply chain visibility. : AI forecasts delays, reduces idle time, and enhances supply chain visibility. Aviation : AI aids in flight scheduling, predictive maintenance, and customer service automation at airports. : AI aids in flight scheduling, predictive maintenance, and customer service automation at airports. Maritime: AI supports ship navigation, fuel efficiency analysis, and cargo handling automation. While the advantages are significant, integrating AI into transportation comes with challenges: Data Privacy : Handling vast amounts of user data responsibly is critical. : Handling vast amounts of user data responsibly is critical. Cybersecurity : Protecting AI systems from hacking is essential for safety. : Protecting AI systems from hacking is essential for safety. Regulatory Compliance: Governments must balance innovation with rules that ensure public safety. The integration of AI into transportation is not just a technological evolution — it's a fundamental shift toward a smarter, safer, and more sustainable future. As AI continues to advance, transportation systems around the world will become more autonomous, data-driven, and efficient. Organizations that embrace this transformation early will be well-positioned to lead in a rapidly evolving mobility landscape. TIME BUSINESS NEWS
Yahoo
13-05-2025
- Automotive
- Yahoo
GM names Aurora co-founder Sterling Anderson as Chief Product Officer
General Motors (GM) announced the appointment of Sterling Anderson, co-founder and Chief Product Officer of autonomous trucking company Aurora (AUR), as executive VP, global product, and Chief Product Officer. 'Our customers are expecting more from our vehicles than ever before,' said GM President Mark Reuss. 'We have an opportunity to evolve the way we build from the ground up, with tighter integration between software and hardware, shorter development cycles, and an unwavering focus on a seamless customer experience. Sterling brings decades of leadership in automotive engineering and transformative software innovation to his new role and is the right leader to help GM continue leading now and into the future.' Before co-founding Aurora in 2017, Anderson worked at Tesla (TSLA), where he led both the Model X program and the team that delivered Tesla Autopilot, GM noted. Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on GM: Disclaimer & DisclosureReport an Issue Charged: Tesla's China-made EV sales down in April Trump says tax bill to include tax break for built-in-America car purchases Tesla Supplier and Battery Giant CATL Eyes $4B in Hong Kong Listing Mixed options sentiment in General Motors (GM), with shares down $-0.03 (-0.06%) near $47.32. Aspen Aerogels price target lowered to $8 from $16 at Roth Capital
Axios
12-05-2025
- Automotive
- Axios
GM poaches Aurora self-driving exec for key product role
General Motors hired Sterling Anderson, co-founder of autonomous trucking company Aurora, to be its chief product officer, a new role with broad responsibilities to overhaul the way GM designs, engineers and builds high-tech cars of the future. Why it matters: GM, like other automakers, is under intense pressure to reinvent itself by integrating hardware and software for the next era of electric, connected and automated vehicles. A pioneer in the self-driving industry, Anderson previously worked at Tesla, giving him a breadth of experience that could help GM bridge the gap between the software and automotive worlds. Driving the news: Anderson will oversee the end-to-end product lifecycle for both gas- and electric-powered vehicles, including hardware, software, services, and user experience, GM said. As executive vice president, global product, and chief product officer, he'll report to GM president Mark Reuss. He'll join GM on June 2 and will be based in the automaker's Mountain View Tech Center in California. Context: Anderson is jumping to GM just after Aurora launched its commercial driverless trucking service in Texas. "Leaving Aurora is one of the most difficult decisions I've ever made, especially given the exciting stage Aurora is at," Anderson said during a call with Aurora investors last week. But he said he is confident the company's momentum would continue. Before co-founding Aurora in 2017, Anderson worked at Tesla, where he led development of the Model X and Tesla Autopilot. Between the lines: Anderson told Axios he was drawn to GM because of the scope of the opportunity to shape future mobility. GM has a rich heritage and a bold vision, he said, and CEO Mary Barra and Reuss have built a solid foundation for change. "There was just the mindset, the vision for the future, the desire to drive accountability throughout the organization," he said in an interview. "These were things that just made me think, look, this is a company that's ready. It's ready for some transformation," Anderson said. "It wants to know what it can do and when ... the question is not why, but how that's different." Yes, but: Automakers — GM and Ford, in particular — have recruited lots of Silicon Valley talent in recent years, often accompanied by culture clash. In part, that's because the tech sector's mantra to "move fast and break things" conflicts with the auto industry's slower product cycles and imperatives for safety and quality. As chief product officer, Anderson's job is to more tightly integrate hardware and software at GM, which could help reduce some of that friction. What they're saying:"Sterling joins GM at a critical time as our industry continues to reinvent itself," Barra said in a statement, adding that his decades of leadership in the auto and tech sectors will help accelerate the pace of progress.
Yahoo
12-05-2025
- Automotive
- Yahoo
GM hires self-driving company leader as chief product officer
DETROIT (Reuters) - General Motors has hired Sterling Anderson, co-founder of self-driving trucking company Aurora, as its executive vice president of global product, the company said Monday. The leader in autonomous vehicle technology, who will report to GM President Mark Reuss when he joins GM on June 2, will also be chief product officer and oversee product lifecycle for both gas and electric vehicles. He will be based at the Detroit automaker's Mountain View Tech Center in California. Anderson co-founded Aurora in 2017 and before that worked at Tesla, leading the Model X program and the Tesla Autopilot team. Anderson is leaving Aurora, where he was chief product officer, after the company's recent commercial launch of its fully driverless trucking service in Texas. He joins GM as it shifts its focus from the autonomous robotaxi to autonomy in personal vehicles. GM is working to increase use of its Super Cruise hands-free driving systems after ending its multi-billion-dollar-losing robotaxi business Cruise, which focused on self-driving vehicles hailed by an app. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
USA Today
25-04-2025
- Automotive
- USA Today
Tesla shares surge 10% after NHTSA updates self-driving vehicle regulations
Tesla shares surge 10% after NHTSA updates self-driving vehicle regulations Show Caption Hide Caption Elon Musk says China's rare earth export ban may delay Tesla's humanoid robot Tesla CEO Elon Musk said China's suspension of certain rare earth magnet exports is impacting the company's development of humanoid robots. Straight Arrow News The Trump administration announcement that it aims to speed deployment of self-driving vehicles by exempting some from certain safety requirements and easing rules requiring reporting of safety incidents sent Tesla TSLA.O shares up nearly 10% on Friday. CEO Elon Musk, a close adviser to President Donald Trump, has repeatedly pledged to launch commercial robotaxi operations soon. Tesla also faces scrutiny from the National Highway Traffic Safety Administration over its Full-Self Driving software after a fatal crash. U.S. Transportation Secretary Sean Duffy said on Thursday that the new framework to boost autonomous vehicles would help U.S. automakers compete with Chinese rivals. The revised rules will allow some autonomous vehicles that do not comply with federal safety standards such as having rearview mirrors to operate on U.S. roads. The rules will also allow carmakers to report less severe crashes monthly, and add a property damage reporting threshold for less severe crashes involving self-driving vehicles. Electric cars: Slate EV to take on Elon Musk's Tesla; what to know about the Jeff Bezos-backed EV "This administration understands that we're in a race with China to out-innovate, and the stakes couldn't be higher," Duffy said. "Our new framework will slash red tape." Consumer Reports noted that under the new rules, vehicles with advanced driver assistance systems like Tesla Autopilot will not need to report crashes using the system unless it involves a fatality, an injured person requiring hospitalization, a pedestrian being struck, or an air bag deployment. As part of the revision, the NHTSA said it would expand a program to exempt some self-driving vehicles from safety requirements and streamline the reporting of safety incidents for advanced driver assistance and self-driving systems. Advocates for Highway and Auto Safety said it was disappointed that the U.S. Department of Transportation "chose to dilute, instead of enhance, the reporting requirements." The group also raised concerns about the safety exemptions saying, "without safeguards, safety regulations, transparency and accountability, the success of AV deployment is imperiled at best and could result in deadly consequences at worst." The Alliance for Automotive Innovation, a trade group representing nearly all major automakers, praised the USDOT. The industry has "been hamstrung by government inaction... This announcement shows the administration is also proceeding with a sense of urgency, so we don't cede AV leadership to China and other countries," it said. Automakers have long sought to deploy automated vehicles on U.S. roads that do not comply with federal safety standards. Some of those standards were written with human drivers in mind, like requiring rearview mirrors or brake pedals. NHTSA is expanding its Automated Vehicle Exemption Program to now include domestically produced vehicles. The program currently allows companies to operate only imported non-compliant automated vehicles on U.S. roads. In 2022, General Motors GM.N filed a petition with NHTSA seeking permission to deploy up to 2,500 self-driving vehicles annually without human controls such as brake pedals or mirrors. GM withdrew the petition last year after a lengthy government review had not been completed. GM said in December it would halt funding of its self-driving Cruise robotaxi business after one of its robotaxis seriously injured a pedestrian who had been hit by another vehicle in October 2023, and it had to pay a $500,000 criminal fine to resolve a Justice Department probe into the matter. GM had invested more than $10 billion in Cruise since 2016. Alphabet's GOOGL.O self-driving unit Waymo said in October that it had closed a $5.6 billion funding round as it looks to expand its autonomous ride-hailing service. Last month, Waymo said it aimed to launch its fully autonomous ride-hailing service in the U.S. capital city next year. Reporting by David Shepardson; Editing by Hugh Lawson, Tom Hogue and Bill Berkrot
