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Business

Didi may come after Uber following record funding

BEIJING: Chinese ride-hailing giant Didi Chuxing just raised more than US$5.5bil, giving Uber Technologies Inc chief executive officer Travis Kalanick one more thing to worry about.

Business

Intel to buy Israeli driverless car-tech firm Mobileye for US$15bil

JERUSALEM: US chipmaker Intel agreed to buy Israeli driverless car-technology firm Mobileye for US$15.3bil (RM68bil) on Monday, positioning itself for a dominant role in the fast-moving autonomous-driving sector.

Business

All aboard! Singapore now to try out self-driving buses

SINGAPORE: Singapore signed an agreement on Wednesday to start testing self-driving buses, as the city-state pushes ahead with its vision of using autonomous technology to help deal with the challenges posed by its limited land and labour.

Business

Alibaba’s revenue beats estimates; mobile revenue soars

BENGALURU: Chinese e-commerce giant Alibaba Group Holding Ltd reported a better-than-expected 59% jump in quarterly revenue on Thursday, defying a slowdown in the Chinese economy.

Business

12mil driverless cars to be on the road by 2035

DETROIT: Fully automated driverless cars could make up nearly 10% of global vehicle sales, or about 12 million cars a year, by 2035, the Boston Consulting Group said on Thursday.

Business

Carmakers concerned about brand in Google cooperation: Nissan CEO

TOKYO: Nissan Motor Co chief executive Carlos Ghosn said some carmakers remain reticent about working with technology giant Google Inc as it develops driverless vehicles for fear of their brands' identities becoming submerged.

Business

Google tests cars that can steer without drivers

WASHINGTON: Google Inc. is road-testing cars that steer, stop and start without a human driver, the company says.