pymnts.com pymnts.com

Toyota Leads $500 Million Round For Chinese Auto Driving Startup Momenta

Momenta is now the recipient of a $500 million investment round led by Toyota in order to provide new technologies like automated HD mapping and updates through vision-based technologies, a company announcement says. Both companies are looking to promote their new Toyota Automated Mapping platform for Chinese customers. Momenta specializes in vision-based, or camera-based, HD mapping, which utilizes camera, GPS and IMU to automatically...

analyticsindiamag.com analyticsindiamag.com

The Future Outlook Of Smart Cities in 2021

The first-ever ‘smart city,’ so to speak, was Amsterdam’s eponymously named digital city, De Digitale Stad (DDS). This was not so much a physical, liveable city as it was a cyberspace consisting of 300-odd citizens that could afford the Internet in 1994, launched with the local government’s support. Cisco fuelled the movement of actual urban cities in 2005 by investing $25 million over a period of five years to invest in smart...