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Car companies invest in startup to enhance autonomous driving

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Artificial Intelligence already celebrated numerous triumphs in many areas of life. Day by day, new successes are recorded. The two automotive companies BMW and Continental are relying on the start-up company Autobrains for their new trials regarding autonomous driving. The company will receive 120 million dollars for its research. Attempting to create AI processes which […]

Artificial Intelligence already celebrated numerous triumphs in many areas of life. Day by day, new successes are recorded. The two automotive companies BMW and Continental are relying on the start-up company Autobrains for their new trials regarding autonomous driving. The company will receive 120 million dollars for its research. Attempting to create AI processes which need less energy, the startup creating systems for self-driving cars wants to challenge market leader Mobileye. 

Artificial Intelligence rising

Artificial intelligence, also known as AI, is a branch of computer science. It deals with machine learning and the automation of intelligent behavior. Attempting to teach machines how to perceive and act like humans, the field of AI includes experiments and research aiming at programming a computer so that it can make decisions and solve problems on its own. This does not require human guidance, but the machine learns from its experiences and optimizes its independent actions.

The field of artificial intelligence has been expanding for many years and quite a few successes have been achieved yet. Artificial intelligence is already being used in many areas of life, for instance in big data analyses, diagnostic computers in medical technology or in every household that uses Alexa or Siri. Furthermore, AI has long been a part of online gaming. Anyone who plays against the computer in chess, poker and other games is also dealing with an AI. Those who no longer enjoy playing against the computer can give online casinos a try. Here, players can contest against human competitors in live casinos and high winnings beckon. Comparison portals help identify reputable casinos and provide an overview of the best no deposit bonuses and other benefits. Now that AI has achieved success in many areas of life, the automotive industry has also been trying to revolutionize motoring with autonomous driving for a long time.

BMW and Continental invest in Autobrains 

The future of self-driving cars is currently not only situated in Silicon Valley and Shanghai, but also in Israel. Mobileye, an Intel subsidiary based in Jerusalem, is the world leader in sensors and self-learning systems. A new challenger is currently emerging in the port city of Tel Aviv that aims to make autonomous driving better and cheaper with superior technology – the start-up Autobrains.

The systems being developed by founder Igal Raichelgauz require less computing power and thus generate less heat, which means that particularly electrically driven cars can go much further. The supervisory board of Autobrains also has prominent members. Former Opel CEO Karl-Thomas Neumann has invested a seven-figure sum in the start-up and heads the supervisory board. He is expected to open the doors to the automotive industry for the start-up. Despite well-known investors from the industry, no manufacturer has yet installed Autobrains’ systems.

Talks and tests are currently underway with automakers and suppliers. Autobrains is trying to do business in Germany. In addition to offices in Silicon Valley and Detroit, the Israeli company plans to open one in Berlin or Munich soon. Autobrains is designed to make sensing the environment much easier for an autonomous car.

In previous methods such as Deep Learning, the AI is trained with photos to behave correctly in traffic. The neural network is shown objects such as trees, pedestrians or stop signs in as large a number as possible. The objects are equipped with so called labels so that they can be clearly recognized. This is a complex task, usually performed manually by humans. Until now, these non-guided artificial intelligence systems have been very expensive and required a lot of computing power. If the startup succeeds in changing this, it is very likely that a carmaker will soon add a system made by Autobrains to its repertoire. This way, the startup will succeed in becoming a high-ranking competitor for other AI specialists such as Mobileye. Autobrains also plans to join the stock market soon with 50 million dollars, which will continue to boost the business. Whether Autobrains can prevail against the experienced competition remains to be seen.

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