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Ford Creates New Self-Driving Car Unit; To Invest $4B

PYMNTS

In a press release , the Detroit car maker said the new unit will also be charged with accelerating the autonomous vehicle (AV) business so that Ford can capitalize on market opportunities. Ford said that by closely aligning the self-driving platform and the mobility solutions teams, it will enable faster development of businesses.

Detroit 100
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VW Will Build Its Own Connected Vehicle Software

PYMNTS

Volkswagen has a $4 billion plan for connected and autonomous vehicle technology, one that includes a proprietary software operating system and will support car sharing, delivery and other services. A “new software operating system, to be known as ‘vw.OS’ … will be introduced in VW brand electric cars from 2020 onwards.”.

Software 100
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Philadelphia Mall Owner Takes Care Of Its Own

PYMNTS

The entire process, cradle to grave, has failed to evolve and innovate with the customer in mind.”. Just this week, investors in Starwood Capital Group started to show signs of strain after the pandemic shuttered stores and wiped out emergency cash reserves, leading to default on a $700 million loan.

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Advanced Manufacturing Market Map: 110+ Startups Making Factories More Efficient

CB Insights

Both methods allow mission-critical devices to operate safely without the latency that comes from transmitting all data to a cloud; this can also save big on bandwidth. Eigen Innovations , for example, integrates video and sensor data on factory floors to ensure process and quality control. GE Ventures, Highland Capital Partners.

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Bright Paths Students Demonstrate New Skills with Incredible Variety of Apps

Perficient

Within mere weeks, 22 women are in the final stages of completing a Perficient-sponsored coding bootcamp in Detroit; their final project includes designing their own apps, all of which serve the world in various ways and all certain to make an impact. Christina is always finding new ways of using her creativity to inspire others.

Milwaukee 348
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SaaS Lands Biggest B2B FinTech Funding This Week

PYMNTS

million in venture capital — the most the industry has seen in a while. The company announced a $12 million Series B round this week led by Goldman Sachs Principal Strategic Investment, Citi Ventures and Innovation Endeavors. The B2B FinTech investment space has been relatively slow in recent months, but U.S. SME Banking.

Fintech 104
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24 Industries & Technologies That Will Shape The Post-Virus World

CB Insights

From healthcare to education to entertainment to manufacturing, technology innovators are stepping forward to help answer that question. Eldercare has long been a target for technological innovation, with advocates highlighting the practical and infrastructural challenges presented by 73M baby boomers aging into their retirement years.

Industry 101