TOP 5 STOCKS TO WATCH OUT TODAY 13 JANUARY 2021
1.INTEL:- The head of Intel Corp’s self-driving car subsidiary said on Tuesday the company wants to shift toward using its own radar-based technology and use a single lidar sensor per vehicle by 2025 in a bid to lower the cost of autonomous driving.
Mobileye Has taken a different strategy from many of its self-driving car competitors, with a current camera-based system that helps cars with adaptive cruise control and lane change assistance. Those systems are on the road today and are gathering data to help Mobileye map the roads in new cities.
For more advanced systems, the company plans to add both radar sensors, which use radio waves to detect distance from objects, and lidar, a laser-based system that helps self-driving vehicles gain a three-dimensional view of the road. For a planned fleet of so-called robotaxis, which are commercial vehicles meant to ferry around passengers, the company is tapping sensors from Luminar Technologies Inc.
In a presentation a the Consumer Electronics Show, Chief Executive Amnon Shashua said on Tuesday that Mobileye’s robotaxis will use multiple Luminar units to gain 360-degree lidar, radar and camera coverage all around the vehicle. The robotaxis rolling out in at least eight cities starting in 2022 will each have four Luminar units, Shashua said in a subsequent question and answer session.
2. HUAWEI :-Lawyers for Huawei Chief Financial Officer Meng Wanzhou argued in a court on Tuesday to let her leave home without the security detail that was a condition of her bail since she was released after her December 2018 arrest.
Meng’s husband, Liu Xiaozong, gave an affidavit citing the negative impacts his wife’s bail conditions have had on her and their family.
Meng, 48, was detained at the Vancouver International Airport two years ago by Canadian authorities acting on a U.S. arrest warrant. She faces charges in the United States of bank fraud for allegedly misleading HSBC bank about Huawei’s business dealings in Iran, causing the bank to break U.S. sanctions.
She has said she is innocent and is fighting extradition.
“Allowing her to leave without her being in a vehicle or followed by Lionsgate Management (the security company) is the essence of our application,” defense lawyer Bill Smart said.
Beijing detained two Canadians soon after Meng’s arrest and has held them in prison for over two years, permitting them to see diplomatic representatives only rarely and subjecting them to interrogations.
Meng has been under house arrest after being released from jail on a C$10 million ($7.9 million) bail. She is permitted to leave home between 6 a.m. and 11 p.m. and pays for a round-the-clock security detail and wears a GPS tracking anklet.
3.GENERAL MOTORS:-General Motors on Tuesday unveiled its Cadillac flying car and electric shuttle concepts in a virtual presentation at the annual CES show.
Cadillac also is working on a battery-powered luxury two-seater, said GM design chief Mike Simcoe, as part of GM Chief Executive Mary Barra’s keynote presentation.
A senior GM executive described the concept as “reimagining the future of personal transportation”.
The single-passenger Cadillac – technically, a vertical take-off and landing (VTOL) drone – will be able to travel from urban rooftop to urban rooftop at speeds up to 55 miles per hour.
It is fully fully autonomous and all-electric, with a 90kW motor, a GM Ultium battery pack and an ultra-lightweight body with four pairs of rotors.
The flying Cadillac was presented in a video as part of a virtual keynote presentation by Chief Executive Mary Barra, along with a family-friendly Cadillac electric shuttle.
Barra last year revealed the automaker was exploring such alternative transportation modes as aerial taxis.
4. GOOGLE :-Alphabet Inc’s YouTube said on Tuesday it has suspended Donald Trump’s channel as it violated policies for inciting violence after last week’s assault on the U.S. Capitol by the president’s supporters.
Online platforms and social media companies are distancing themselves from, and taking action against, those that encouraged or engaged in the violence in Washington, DC.
Trump’s channel is now prevented from uploading new videos or live streams for a minimum of seven days, which may be extended, Youtube said in a statement.
Supporters of Trump stormed the U.S. Capitol on Wednesday, trying to halt the certification by Congress of President-elect Joe Biden’s election win.
Trump, who has challenged the validity of Biden’s victory without producing evidence, initially praised his supporters but later condemned the violence.
5.VISA:-Visa and financial technology company Plaid said on Tuesday that they would terminate their $5.3 billion merger agreement following a U.S. government lawsuit aimed at stopping the proposed transaction on antitrust grounds.
The U.S. Justice Department had sued to stop the deal in November, saying that Visa was a “a monopolist in online debit transactions” and that the proposed acquisition “would eliminate a nascent competitive threat” to that monopoly.
The deal, which was proposed in January 2020, was scrapped to avoid protracted litigation, said Al Kelly, chairman and CEO of Visa Inc..
“We are confident we would have prevailed in court as Plaid’s capabilities are complementary to Visa’s, not competitive,” he added.
Visa said in January it had agreed to buy the privately held startup Plaid in a $5.3 billion deal aimed at boosting the payments giant’s access to the booming financial technology sector.