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V7 snaps up $33M to automate training data for computer vision AI models

TechCrunch

It’s only as good as the models and data used to train it, so there is a need for sourcing and ingesting ever-larger data troves. But annotating and manipulating that training data takes a lot of time and money, slowing down the work or overall effectiveness, and maybe both. V7 even lays out how the two services compare.)

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American Honda IT to fuel innovation with generative AI

CIO

The automotive sector has not been traditionally among the leading industries when comes to transforming into a digital business, but the use of automation and AI has been of great interest to streamline supply chains and manufacturing processes,” Powers says. Automotive Industry, Digital Transformation, Generative AI, Innovation

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Where Do Dealerships Fit Into a Landscape of Automotive Loyalty, Data, and Mobility Transformation?

Perficient

It sets up the need for personalization, which is becoming table stakes in the automotive industry. How Should Automotive Companies Handle Data? EV adoption also requires dealers to transform to become EV-certified, including the installation of chargers, training product specialists, and renovating service areas.

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Generative AI Chip Designer Recogni Locks Up $102M

Crunchbase News

The San Jose, California-based firm, which is developing its AI inference chip for both the generative AI and automotive industries, raised a $102 million Series C co-led by Celesta Capital and GreatPoint Ventures. Chip funding U.S.-based Last year such startups saw only $1.2

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Automotive Study Insights: How Tesla Leverages Customer Experience to Gain Market Share

Perficient

As a disruptive leader in the automotive industry, Tesla owns approximately 60-70% of the current EV market share. One Tesla owner described the showroom experience as similar to walking into an Apple store with well-trained employees. “They’re very knowledgeable, especially about the tech in the car,” he said.

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Nexar is building a ‘digital twin’ of cities using crowdsourced dash cam data

TechCrunch

The funds will be used, in part, to scale its “digital twin” service built off crowdsourced dash cam footage for automotive OEMs and cities. But there could be a use case for automotive companies as well, Shir suggested. “If

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Virtual Reality in the Automotive Industry

Toptal

From virtual showrooms to elaborate research and testing scenarios, virtual reality is starting to make its mark on the automotive industry. It can be used to educate novice drivers, train professionals operating industrial equipment, or test vehicles and drivers in extreme conditions.