Tag Archives: Silicon Valley

BMW Group Creates € 500 million VC Fund, Relocates BMW i Ventures HQ to Silicon Valley

Munich/Mountain View. The BMW Group is expanding the successful concept behind its venture capital unit and creating a venture capital fund of up to 500 million euros over ten years. This will allow BMW i Ventures to make investments in a wider range of areas, such as autonomous driving and digitalisation, and to secure continued access to the technologies of the future. BMW i

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Chinese Ride-Hailing Company Ucar Partners with Online-Ed Startup BitTiger

to Attract Top Self-Driving Car Engineers Alibaba backed Ucar has opened a research outpost in Silicon Valley partnering online education startup BitTiger to develop self-driving vehicle technology. BitTiger will offer deep-learning coding class and run competitions that will offer cash prizes; and the winners will be earmarked as potential candidates for employment in the company. PRNewswire/ — Ucar (神州专车) booked approximately 15%1 of

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Daimler Going Silicon Valley with New Aims

The Bloomberg reporter commented on Zetsche’s newfound Silicon Valley ‘tech-look’ — complete with jeans and sneakers. The “interesting” new comments mentioned above were made by Zetsche in an interview with Bloomberg. EV Annex provides more:  Zetsch  commented that, ‘We are seeing the digital world taking possession of the automotive world.’ Asked if Tesla is the key competitor in the luxury

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Daimler Embraces Silicon Valley Style of Doing Business

Daimler’s Chief Executive Dieter Zetsche is sweeping away layers of bureaucracy and encouraging a more experimental approach to new products. He has also asked 144 employees to generate new leadership ideas, according to sources at the German luxury automaker. FRANKFURT, Aug 24 (Reuters) – Mercedes-Benz maker Daimler is embracing Silicon Valley management techniques in a drive to speed up decision

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