Photo: Qualcomm is targeting $22 billion from automotive and IoT markets at its Investor’s Meeting this week (Qualcomm).
Connected and Autonomous Vehicles:
📌 Trump Team Is Seeking to Ease US Rules for Self-Driving Cars. “Members of President-elect Donald Trump’s transition team have told advisers they plan to make a federal framework for self-driving vehicles one of the Transportation Department’s priorities, according to people familiar with the matter.”
💲 Pony AI Gears Up For $4.48 Billion Valuation In US IPO Amid Autonomous Vehicle Boom.
👉 Nuro Expands Driverless Testing After Pivoting To Licensing Its Av Tech. “The California-based company, which currently operates a small fleet of driverless vehicles in California and Texas, said it would grow its operational design domain and expand the deployment of its zero-occupant, Level 4 vehicles.”
🏛 Cruise Admits to Criminal Cover-up of Pedestrian Dragging in SF, Will Pay $500K Penalty. “San Francisco robotaxi company Cruise’s long saga over its car’s 2023 dragging of a knocked-over pedestrian has finally reached an end, with the company admitting to criminal behavior and agreeing to pay a $500,000 penalty.”
🤔 US Agency Says, Despite Tesla’s Statements, Vehicles Can’t Drive Themselves. “The U.S. government’s highway safety agency says Tesla TSLA 0.68%↑ is telling drivers in public statements that its vehicles can drive themselves, conflicting with owner’s manuals and briefings with the agency saying the electric vehicles need human supervision.”
