The Samsung Automotive Innovation Fund will be geared toward furthering the development of related technologies such as sensors, machine vision and safety features required to make the autonomous vehicle dream become a reality. Based out of Austria, TTTech develops platforms and safety software for connected cars.
The South Korean company, known for its Galaxy smartphones, is launching a new unit dedicated to automotive tech. Harman manufactures auto infotainment systems, along with "connected car-safety" technologies, including rear-view cameras.
In 2015, Samsung's venture investment arm led a $6.5 million funding round for a connected vehicle device developed by Dallas-based Vinli Inc.
"During this period of extraordinary transformation in the automotive industry, we are excited to play a leadership role in supporting and shaping the future of smarter, more connected vehicles", said Samsung chief strategy officer, Young Sohn.
Samsung does not plan to manufacture cars, the company said in its press release. Samsung CEO Dinesh Paliwal said in a phone interview that the move will include an advanced-driver assistance platform with open source software.
In addition to the fund, connected auto technology company, Harman, which was acquired by Samsung earlier this year for $8 billion, has established a new Autonomous/ADAS Strategic Business Unit.
The autonomous driving unit will explore a wide range of elements that bring self-driving cars to the forefront, including driving algorithms and systems integration. Samsung has entered into a strategic partnership with the networking and safety solutions company, and joins Audi as a major investor following an investment of €75m (£68m) to promote the development of safe autonomous vehicles. "This strategic business unit demonstrates Samsung's and HARMAN's commitment to answer that call - to be the definitive partner for seamless and integrated technologies".
Gasoline stocks fell by 8.4 million barrels, compared with analysts' expectations in a Reuters poll for a 2.1 million-barrel drop. Irma has knocked out power to 4.5 million customers, paralyzed tanker traffic and shut about 6,000 gasoline stations.
YU now sells YU Yunique 2, YU Yureka Black and YU Yunicorn in the country at Rs 5,999, Rs 8,999 and Rs 10,999 respectively. Speaking of cameras, the YU Yureka 2 houses a 16MP rear shoot that comes equipped with dual tone LED flash.
He also noted that the United Nations nuclear agency has already verified there has been no undeclared nuclear activities in Iran. They argue that at the very least Iran is violating the spirit of the agreement with its ballistic missile tests.
At the close of trading Sky shares were 937 pence, down 1.6 per cent and significantly short of Fox's £10.75 offer. Rupert Murdoch's Fox, which owns 39% of Sky, wants to buy the shares it does not already own.
Those without health insurance in 2014 made up about 14.5 percent of the population compared to 10.9 percent in 2015. Most states continued to see decreases in their uninsured rates previous year , with only 11 states seeing no drop.
The company warned, however, it would take longer to restore power to customers who suffered tornado damage or severe flooding. He believes southwest Florida is the most impacted but cautions that numbers may rise as "Irma hasn't left".
She added, "I met Kangana a few times because my husband wanted me to take her to meet Sanjay Leela Bhansali so I took her there". She had exposed how people exploited her in the industry in Rajat Sharma's Aap Ki Adalat which created stir in the industry.
Pregnant Maryland teacher who went missing found dead
Her boyfriend, Tyler Tessier , had stood with her parents Monday at a news conference and made a soulful plea for her safe return. Wallen, 31, a history teacher at Wilde Lake High School in Columbia, was last heard from September 4 at her condominium in Olney.
Rebel Wilson wins Australia's highest defamation pay out
Australian actress Rebel Wilson has won a NZ$5 million legal payout from the publisher of articles calling her a serial liar. She had sought more than AU$7 million. "But I think when I did go to America, I kind of just stopped saying my age".