September 25, 2020

Intel’s Mobileye signs driver-assistance deal with Geely

Intel announced that its Mobileye unit will deploy driver-assistance technology in the new electric vehicle (EV) model of the Geely Auto Group, China’s largest privately held auto manufacturer.

The collaboration was presented Thursday at the Beijing Auto Show, where Geely showcased its premium electric vehicle, the Zero Concept from Lynk & Co, that comes installed with Mobileye’s SuperVision surround-view advanced driver-assistance system (ADAS) with over-the-air (OTA) update capabilities. The vehicles are set to hit the market in 2021.

Mobileye founder and CEO and Intel senior VP Amnon Shashua said that the deal signed with Geely constitutes the first time Mobileye will be responsible for both the hardware and the software in the vehicle, allowing it to both assist the drivers with operating the cars and in planning their route. “This win marks the first time Mobileye will be responsible for the full solution stack, including hardware and software, driving policy and control,” he said.

Shashua said that Mobileye’s SuperVision surround-view driver-assistance system comes with 11 cameras, seven of them long-range ones, with a 360-degree ability to track the road and a package of built-in maps that enables autonomous driving on all types of roads, be it urban streets or open highways.
Source: TechCrunch

Amazon announces game streaming platform Luna

One of the most promising areas in gaming over the past year has been cloud gaming. Microsoft’s xCloud lets you play new Xbox games on your phone. Games released on Google Stadia can be played on any phone, laptop or computer. And now, Amazon wants in. On Thursday the e-commerce giant announced Luna, its very own cloud gaming service.

Amazon has yet to provide a games list, although we do know Ubisoft will bring Assassin’s Creed Valhalla to the platform.  Luna will run on Amazon’s AWS servers, and at launch games will stream at up to 1080p resolution and 60 frames per second. Support for 4K is teased as “coming soon.”

Alongside the software, Amazon built a low-latency, Alexa-enabled Luna controller, and it’ll be available for $50 during early access. Instead of communicating with the screen like a traditional Bluetooth controller, the Luna gamepad connects directly to the cloud, a move that Amazon says reduces latency by 20 to 30 milliseconds. Bluetooth gamepads will function with Luna as well.

With this entrance, Google, Microsoft and Amazon are now each competing to define a new gaming platform. It’s apparent that Microsoft has a huge advantage given its existing relationships with developers and its own network of Microsoft-owned studios, but we’ll see what Amazon can cook up during the platform’s early access period.

Source: The Verge

Palantir headed for $22 billion valuation, will debut on September 30

The company will begin trading on Wednesday, September 30th, under the ticker PLTR. Palantir originally had planned to start trading today, but moved the date back to the 29th a few filings ago, and finally ended up with the 30th. It is not floating new stock, although the company effectively raised “IPO money” back in July of about $1 billion from the private markets.

Ahead of the debut planned for September 30, Palantir’s bankers have told investors the shares could start trading around $10 a piece, according to people familiar with the matter. That equates to a market valuation of nearly $22 billion on a fully diluted basis.

Palantir also offered revenue guidance to fill out the rest of its calendar year. The company estimated it would target roughly $1.05 billion in revenue for 2020, with non-GAAP operating income  of $116-126 million.

Palantir had revenue of $595 million in 2018 and $743 million in 2019 according to its S-1 filing. If it hits its new target revenue, that would be a growth rate of 41% from last year, an acceleration from the roughly 25% growth rate in the previous year. The company’s Q3 revenue is estimated to reach $278-280 million, with a growth rate of 46-47%, according to the company’s projections.
Source: Bloomberg