How Cortica is Teaching Autonomous Vehicles [VIDEO]

It appears artificial intelligence is getting the Montessori treatment when it comes to self-learning. Cortica, an international AI startup, is implementing unsupervised learning that allows an autonomous system to process data and figure out its environment. For perspective, supervised machine learning is when the AI is given a set of examples and a set of parameters […]
  • Emma Sandler
  • August 4, 2017

How Insurance Companies Should Prepare for Autonomous Cars

With the rapid advancement of autonomous vehicles, traditional personal auto insurance has the potential to be severely disrupted by new competition and shifts to other types of insurance coverage. The move to new business models will not be smooth, according to a June report from KPMG entitled, “The chaotic middle: The autonomous vehicle and disruption in […]
  • Emma Sandler
  • July 25, 2017

How City Infrastructure Could Be Adapted for AVs [VIDEO]

Cities are a marvel of human invention and innovation, and with the rapid adoption of autonomous vehicles, cities are likely to both drive and reflect this change. Take for instance New York City, a place that is home to over eight million people crowded within 304 square miles and roughly 120,000 vehicles. Autonomous vehicles are […]
  • Emma Sandler
  • July 21, 2017

How Autonomous Cars Will Open Doors for Lenders to Invest in Infrastructure

Once autonomous vehicles enter the space, the pool of driver-owned, shared vehicles will start to “cannibalize” itself as production shifts to commercial autonomous fleets, Angus Ross, digital transformation and innovation leader at Deloitte Consulting LLP, said during a panel at CBA Live in April. And due to this shift in production, Deloitte predicts commercial vehicle […]
  • Natalie Mattila
  • June 28, 2017

How Lenders Are Preparing for an Autonomous Future

 In the past year, mobility has become a crucial innovation driver of the automotive industry, and auto finance — as a result — will experience an overhaul as the industry continues to be disrupted. One of the most notable transformations will stem from autonomous cars, which are increasingly signaling a subscription carshare future. Grayson Brulte, […]
  • Natalie Mattila
  • June 15, 2017

Who Will Own Autonomous Vehicle Rideshare?

The car you drive to work has a steering wheel, a floor pedal, an infotainment system, and an emotionally intelligent AI system that can understand your driving patterns and preferences.But when you arrive to work, you don’t park your car. Instead, you get out and the car continues moving forward autonomously, on its way to […]
  • Emma Sandler
  • June 13, 2017

Will Getaround Expand Toyota Lease Incentive Program With $45MM Funding?

Getaround plans to open up its peer-to-peer carsharing platform to five additional markets this year, including potentially New York, thanks — in part — to the $45 million it raised in Series C funding, Auto Finance News has learned. The expansions will mark 2017 as Getaround’s biggest expansion year, Jacqueline Tanzella, director of marketing communications at Getaround, told Auto Finance News. […]
  • Natalie Mattila
  • April 21, 2017

Subvention in Jeopardy as Carshare Signals ‘Subscription’ Financing

Financial incentives have been one of the most powerful tools for manufacturers to boost sales and finance volume for years, and in the past, OEMs have relied heavily on their captive finance arms to help make these promotions happen. That might end soon. “You will see OEMs that will say, ‘Hey, if you stay with […]
  • Natalie Mattila
  • April 20, 2017

Credit Cards to Play Big Role in Autonomous Cars, Analyst Says

The credit card industry might get a massive boost once autonomous vehicles come to market, and what’s more: Consumers will no longer need excellent credit when financing a car. “Today, you can either buy, finance, or lease a car, and all three things require excellent credit; I believe in the future, that’s going to go away,” Grayson […]
  • Natalie Mattila
  • April 17, 2017

Wireless EV Charging Offers Investment Options for Financiers

There is a massive rush to advance mobility, beyond just traditional rideshare, and the financing beneath the mobility infrastructure has caught the attention of many major automakers and captives. From Toyota Financial Services’s partnerships with Uber and Getaround, to General Motors Co.’s Book by Cadillac and Maven carshare programs, OEMs are making sure they remain […]
  • Natalie Mattila
  • April 13, 2017
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