#1 | GM, Nvidia, Toyota, and others form an autonomous driving industry group

Arm, Bosch, Continental, GM, Toyota, Nvidia, NXP, and Denso have formed up the industry group that’s supposed to work to solve major challenges in the deployment of self-driving vehicles. These automakers, chipmakers, and tier 1 suppliers hope to turn autonomous driving into a commercially viable tech. The first step in that direction is to outline safety standards, size, power consumption, temperature, and other product details the industry should adhere to. Also, the companies will jointly work on solving various technical problems. And by doing so, the group hopes that it can move faster from expensive prototyping to manufacturing of AVs at scale, deploying them on the roads and turning a profit. Read more here: https://tcrn.ch/2M4NyOF

 

 

#2 | U.S. blacklists China’s top AI startups

The U.S. government has blacklisted 20 Chinese public security bureaus and eight companies including video surveillance firm Hikvision as well as facial recognition tech leaders SenseTime Group and Megvii Technology. These companies will require U.S. government approval for buying components from American companies and it’s a potentially devastating move for targeted businesses. Beijing and private sector enterprises are being punished for their role in the campaign to suppress minorities in the province of Xinjiang during which over one million Muslims were detained. The action comes ahead of U.S.-China trade talks that are supposed to take place in Washington this week. Other companies on the list include speech recognition firm iFlytek Co, surveillance equipment maker Zhejiang Dahua Technology, data recovery firm Xiamen Meiya Pico Information Co, and many others. Read more here: https://reut.rs/2IU1yJp

 

 

#3 | PayPal pulls out of Facebook’s Libra project

PayPal is leaving the Libra Association, the nonprofit group whose 28 members oversee the creation and eventual rollout of the new cryptocurrency. The payment company is reportedly concerned with the public backlash and the lax attitude of Facebook in addressing regulatory requests. Another issue that prompted PayPal to leave was how the Libra platform will tackle money laundering. Similar concerns were raised by other financial players in the group too including Mastercard, Visa, and Stripe. While losing PayPal won’t end the project, it’s certainly not a great sign. Facebook commented that “we’re better off knowing about this lack of commitment now, rather than later.”. Read more here: http://bit.ly/2M33eBY

 

 

#4 | Johnson & Johnson must pay $8 billion in the case over male breast growth

The Philadelphia Court of Common Pleas jury has ordered Johnson & Johnson to pay $8 billion in punitive damages to Nicholas Murray after finding the pharmaceutical giant was negligent in failing to warn patients that using its antipsychotic drug Risperdal could grow breasts. The company stated that the award was too large and is confident that it will be overturned. Experts agree that punitive damages will be reduced but the jury wanted to send a message that profits should not be valued over safety. Awarding a big number to Murray might convince juries in other Risperdal cases to follow suit, meaning that J&J is likely to face more large damages awards. Read more here: http://bit.ly/2VwVzPN

 

 

#5 | Tech firm Picnic turns AI into a pizza chef

The Seattle-based food tech company Picnic, previously known as Vivid Robotics, is developing an AI-based pizza production system. The automated machine is controlled by deep learning algorithms that use a computer-vision system to analyze the pizza at different stages and only one worker is needed to refill the toppings and place the dough on the assembly line. The system is integrated with an app that customers can use to order pizzas and the AI can create up to 300 12-inch pizzas every hour. The industry-ready version of the product is set to be finalized by the end of 2020 and many customers have already expressed their desire to purchase the system. Making food faster is becoming increasingly important as more and more restaurants shift to take-out operations and customers are unwilling to spend more than 30 minutes waiting for the delivery. Read more here: http://bit.ly/2IGX9ct

 

 

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