While in the first year the production of units won't be in millions, in the next several years the cost per mile in fully autonomous cars will become very cheap, Son said, speaking at a virtual meeting of the World Economic Forum. Market holidays and trading hours provided by Copp Clark Limited. SoftBank Group Corp Chief Executive Masayoshi Son said on Friday he expects mass production of self-driving vehicles to start in two years. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN.
Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account Its troubles escalated last December, when the company was forced to begin the process of delisting in the United States SoftBank’s Son expects mass production of driverless cars in two years Fri, 0 Comments Enlarge STOCKHOLM (Reuters) SoftBank Group Corp Chief Executive Masayoshi Son said on Friday he expects mass production of self-driving vehicles to start in two years. The Chinese ride-hailing giant went public in New York last summer to significant fanfare, but was swept up just days later into China’s historic regulatory crackdown. SoftBank’s portfolio companies include South Korean e-commerce firm Coupang ( CPNG) and Southeast Asian ride-hailing startup Grab ( GRAB), which both went public in record-breaking offerings on Wall Street last year.īut they have since slumped, with shares of each company dropping more than 60% since the start of the year.īut perhaps one of the Japanese company’s most high-profile disappointments lies with Didi ( DIDI). SoftBank COO Marcelo Claure is leaving after a reported pay dispute (Photo by Andreas Rentz/Getty Images) Andreas Rentz/Getty Images
#SOFTBANK EXPECTS MASS PRODUCTION DRIVERLESS YEARS FULL#
More than 200 national and international top speakers - experts, visionaries, politicians, entrepreneurs, opinion leaders and critical voices - take part in two days of discussions on a full digitisation programme. SoftBank Group announced a deal to acquire 4,5% of Deutsche Telekom and sell parts of it's stake in T-Mobile US to the German telecommunications carrier Deutsche Telekom.
“I am investing in many companies which are utilising AI to disrupt all kinds of industries,” Masa said.COLOGNE, GERMANY - SEPTEMBER 07: Marcelo Claure, CEO of Softbank Group speaks on stage during the Digital X event on Septemin Cologne, Germany. Son, who made his name for investing early in startups such as China’s Alibaba Group had said he will continue to take stakes in public companies he thinks are frontrunners in the artificial intelligence (AI) race. It has also funded the autonomous driving business of China’s Didi Chuxing.Īutomakers and tech companies, including Alphabet Inc’s Waymo and Tesla Inc, have been investing heavily in the autonomous driving industry. SoftBank has stake in self-driving car maker Cruise, which is majority owned by General Motors Co, and has been testing self-driving cars in California. The automobile will become a real supercomputer with four wheels.” While in the first year the production of units won’t be in millions, in the next several years the cost per mile in fully autonomous cars will become very cheap, Son said, speaking at a virtual meeting of the World Economic Forum. STOCKHOLM (Reuters) – SoftBank Group Corp Chief Executive Masayoshi Son said on Friday he expects mass production of self-driving vehicles to start in two years.
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