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How Will Electric Cars Destabilize the Automotive Industry?

Galido

Information Technology Blog - - How Will Electric Cars Destabilize the Automotive Industry? The traditional automotive industry is in a period of flux. In most developed nations we are seeing the market begin to be dominated by hybrid cars, which have better fuel efficiency. Information Technology Blog. Falling Stock Prices.

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Connected car company Xevo, owned by Lear, hit with layoffs in Seattle area

GeekWire

The company, acquired by global automotive giant Lear in 2019, develops connected-car software for automakers including Toyota, GMC, Hyundai, and others. specializes in automotive seating and electrical systems and employs more than 174,000 people across 257 facilities in 38 countries. (Xevo Photo). Bellevue, Wash.-based

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5G connected cars: Can telcos take the driver’s seat?

TM Forum

Global automotive manufacturers are busy striking new partnerships with the telecoms industry, both to connect cars to 5G and to give consumers a choice of communication service providers (CSPs) when connecting their vehicles. BMW recently announced it is partnering with. Deutsche Telekom’s 5G network covers 80% of the population.

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41% of global firms plan layoffs by 2030 due to AI

Dataconomy

Unlike prior reports, this year’s findings do not forecast AI as a net positive for job creation. Approximately 70% of companies are seeking to hire employees with expertise in AI tool design and development, while 62% aim to recruit individuals capable of effectively interacting with AI technologies.

Survey 74
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Amazon’s cloud business and AI initiatives in the spotlight in advance of earnings report

GeekWire

Wall Street analysts expect the company to report net sales (revenue) of $131.5 Analysts expect earnings of 35 cents a share, vs. a loss of 20 cents a share a year ago (which included a valuation loss on the company’s Rivian Automotive investment). billion, up 8.5% from a year ago, as reported by Yahoo Finance.

Report 85
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CES 2023: A list of Washington state companies showing off their latest tech gadgets and services

GeekWire

Elektrobit is a global vendor of software products and services for the automotive industry, powering such things as connectivity and security, automated driving, user experience and more. based company provides net-generation WiFi, internet, voice and data solutions. Elektrobit. With an office in Bothell, Wash., The HaptX Gloves DK2.

Company 95
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JLR revs up AI and intelligent automation initiatives

CIO Business Intelligence

JLR’s move to electric drive trains is part of a wider business transformation the company calls Reimagine, under which it also plans to halve greenhouse gas emissions from its supply chain and operations, compared to 2019 levels, by 2030, and to reach net zero carbon emissions by 2039. It’s been a great success,” says Battle.