Toyota Backed Pony.Ai’s Launches Self Driving Cars Robotaxi Service In Shanghai

As the self driving car industry works towards commercializing the autonomous vehicle technology, Pony.ai has plans to mass-produce its Level 4 self-driving system by 2023. The intent was shared by the company on its public WeChat account in Shanghai during the World Artificial Intelligence Conference (WAIC) held recently. SAE International, the US engineering standards group,…

China’s Payment Apps Give U.S. Bankers Nightmares

Wandering the streets of Shanghai to admire the architecture, the head of one of the largest U.S. consumer banks recently found himself surrounded by a gaggle of teenagers. Entranced by their phones, they hardly made way for the banker. The teens were messaging, shopping and sending money back and forth, all without cash. Instead, they…