Volvo taps Nvidia’s hardware to put self-driving cars on the road by 2021

Volvo has announced a new initiative to put its own self-driving cars on the road by 2021. The Swedish carmaker is teaming up with Autoliv (a Swedish-American firm that makes automotive safety systems) to develop the necessary software, while a partnership with chipmaker Nvidia will supply the computing power. Volvo’s cars will be powered by Nvidia’s Drive PX ‘supercomputer’ — a custom hardware array designed specially for self-driving cars. The Drive PX2 can process data from 12 video streams at once, as well as juggling input from lidar, radar, and ultrasonic sensors. Put all this together and you have the necessary data to keep your self-driving car on the straight… Read More

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Arsenal transfer news: Riyad Mahrez agrees to £35m switch

Credits Michael Regan / Getty The Leicester playmaker has given up on Barcelona and will sign for the Gunners after clubs agree a fee One-Minute Read Tuesday, June 27, 2017 – 8:48am This week could see the saga of Riyad Mahrez reach its conclusion with the Daily Star claiming the the Foxes flier is set to sign for Arsenal “after giving up on Barcelona”. See related Transfer targets 2017: Big names who could move this summer Arsenal admit defeat over Mbappe and turn to Lacazette At the start of the summer it had been rumoured that the Catalans were coming for the Algerian winger but they never quite made it… Read More

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Spurs transfer news: Harry Kane not for sale at any price

Description Harry Kane of Spurs scores against West Ham Credits Alex Broadway/Getty Alt Text Harry Kane, Spurs Daniel Levy will not even pick up the phone should Manchester United call with an offer of £100m One-Minute Read Tuesday, June 27, 2017 – 8:27am Jose Mourinho can forget about signing Harry Kane, says The Sun, with the paper claiming that Tottenham chairman Daniel Levy “will refuse to pick up the phone” if the Manchester United boss gives him a call anytime soon to discuss a move for his star striker. See related Who is Man Utd top transfer target – Kane, Morata or Bale? Dele Alli and Harry Kane worth more… Read More

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An Oxford University artificial intelligence startup has raised £17 million to check code for errors

DiffBlue, an artificial intelligence startup spun out of Oxford University, has raised $22 million (£17.3 million) in Series A funding for technology which checks and corrects code. The round was led by Goldman Sachs Principal Strategic Investments, alongside Oxford Sciences Innovations and the Oxford Technology and Innovations Fund. The company was cofounded by an Oxford computer science professor, Daniel Kroening, and Sussex computer science professor Peter Schrammel. The startup claims to “understand” code, meaning it can carry out coding tasks considered too repetitive and boring for human developers. One example is testing developers’ code for bugs. Currently, human developers have to write their own test code to find any bugs… Read More

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Business groups attack May’s new EU national plans for their ‘lack of clarity’

LONDON — Business groups have hit back at new plans for EU nationals living in the UK post-Brexit announced on Monday, criticising the government for a “lack of clarity” in their plans. Several of the country’s best-known and best-respected lobby groups have criticised the plans for their lack of clarification on numerous issues, while some have suggested that the proposed system will force employers to do far larger amounts of administration and paperwork once they’re implemented. “Until there is clarity, small businesses and their EU employees will continue to face considerable worry and anxiety over their ability to stay and work in the UK,” Mike Cherry, policy director at the… Read More

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Ten Things You Need to Know Today: Tuesday 27 Jun 2017

May criticised for ‘shabby’ DUP deal Theresa May has been criticised by opposition politicians for the deal she has made to secure the DUP’s support in the Commons. The £1bn extra funding she has promised for Northern Ireland is a “straight bung”, said Welsh First Minister Carwyn Jones. Labour said the deal was “shabby and reckless” and would harm the peace process. US claims Assad is planning chemical attack The US claims Syria is planning another chemical weapons attack on rebel-held areas – and has warned the Assad regime there will be a “heavy price” to pay if it goes ahead. The unusual warning may also be aimed at Assad’s… Read More

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10 things in tech you need to know today

Good morning! Here is the tech news you need to know this Tuesday. 1. Apple’s iOS 11 is out in public beta, and entails a massive update for the iPad. That includes a new file management app and multitasking features. 2. Google is reportedly about to be given a massive fine by EU regulators for promoting its shopping search service above rivals. The fine is expected to top Google’s previous $1.2 billion (£942 million) record, according to Bloomberg. 3. Apple has acquired a German eye-tracking firm called SensoMotoric, according to MacRumours. SensoMetric develops eye-tracking hardware and software for virtual and augmented reality, and it seems Apple bought the firm through… Read More

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$500 million loaned to Mozambique is currently unaccounted for, according to a new report

Half a billion dollars worth of loans to Mozambique are currently unaccounted for and are rumoured to have gone to weapons, according to a report by independent auditor Kroll. The report also criticises main lender Credit Suisse for charging excessive fees as part of the loan agreement, which the bank has denied. Loans totalling $2 billion were agreed with lenders Credit Suisse and Russian investment bank VBT Capital in 2013 and 2014, to boost Mozambique’s fishing industry, and became known as the so-called “tuna bonds.” The report found that $500 million of the total loan is currently unaccounted for and that the lenders charged over $140 million in “contractor fees,”… Read More

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Tuesday 27 June 2017

Company news, markets and financial talking points, available from 8am Monday to Friday Queen gets income boost as wind farms swell Crown takings Offshore wind farms have boosted the Crown Estate’s profits to a record £328.8m. Although the Duke of Edinburgh once described them as “absolutely useless”, wind farms powered record returns, as the Crown Estate posted a £24.7m rise in profits in 2016/17. The Queen will receive an 8% increase in her income from public funds, a move that has already prompted criticism. Facebook to launch television series ‘within months’ Facebook will produce its own television shows, a senior executive has revealed. The social network firm, which is in… Read More

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