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News on Medial
Volvo will be the first to install Google’s Gemini in its cars
The Verge
·
2m ago
Medial
Volvo will be the first automaker to integrate Google's AI chatbot, Gemini, into its vehicles, enhancing their Android Automotive operating system. This collaboration aims to improve driver interactions through natural language processing, allowing tasks like language translation, navigation, and vehicle manual assistance via conversational commands. Gemini aims to reduce drivers’ cognitive load, ensuring they remain focused on the road. Volvo will also serve as a reference hardware platform for Google’s future automotive technology developments.
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Google, Volvo Cars deepen partnership to develop Android software for vehicles
Economic Times
·
2m ago
Medial
Volvo Cars has deepened its partnership with Google's Android software to enhance in-car experiences. Volvo, now the lead development partner, gains earlier access to new Android versions, which typically lag behind mobile releases. The collaboration allows Google engineers to test software in real-world settings in Volvo vehicles. At Google's I/O conference, they showcased Volvo's EX90 electric SUV running Android 15 and integrating Google's Gemini AI, offering innovative features like voice-assisted tasks and personalized user experiences.
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Volvo Cars will not pay Northvolt for battery joint venture stake, it says
Livemint
·
6m ago
Medial
Volvo Cars will not pay Northvolt for its 50% stake in their battery venture, Novo Energy, as part of a larger settlement. Despite the stake acquisition, the fate of the planned battery factory in Gothenburg, originally set for 2026 production, remains uncertain. Construction was nearly complete when Northvolt faced financial issues. Volvo is exploring other options for the building, considering future use or potential sale, while seeking a new investor.
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One-third of Volvo sales to come from EVs in 2024
Thehindubusinessline
·
1y ago
Medial
Volvo India aims to have one-third of its sales come from electric vehicles (EVs) by 2024. The carmaker plans to introduce the EX30 and EX90 EV models in India in 2025. In 2023, Volvo India sold 2,423 cars, with EVs accounting for 690 units, constituting 28% of total sales. The company is moving towards becoming an all-electric car company by 2030 and is selling its EVs online. Additionally, Volvo plans to expand its service reach and used car business in key markets in India.
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Volvo Cars sees 'tremendous growth' in EVs, CEO says
Reuters
·
1y ago
Medial
Volvo Cars CEO, Jim Rowan, predicts significant growth in demand for electric vehicles (EVs) globally, particularly in Europe. Volvo aims for EVs to contribute 50% of its sales volume by mid-decade and to sell only EVs by 2030. Rowan highlights Volvo's premium branding and consumers' increased disposable income as factors contributing to the company's pricing power in the EV market. Despite disruptions in the Red Sea affecting shipping costs, Volvo expects to absorb any additional expenses. The company also plans to launch a more affordable EV model, the EX30, in India by 2025.
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Volvo invests in, taps Breathe Battery tech for 30% faster EV charging
Reuters
·
1y ago
Medial
Volvo Cars has invested in UK startup Breathe Battery Technologies to enhance its next generation of electric vehicles (EVs). The investment aims to cut charging time for the EVs by 30%, using Breathe's battery software. By providing greater visibility on individual battery cells, the algorithm-based software allows the EV to charge at full power without compromising safety. The technology is expected to be integrated into new Volvo EVs within the next two to three years. Faster charging times are crucial in encouraging wider EV adoption. Additionally, Breathe aims to extend battery life and performance to meet automakers' needs.
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Google’s new phones aren’t really about the phones
Livemint
·
11m ago
Medial
Google unveiled its ninth generation Pixel smartphone line at an event, focusing on the integration of generative artificial intelligence (AI) features rather than hardware design elements. The new AI tools, including an image-generating app called Pixel Studio and Gemini Live, an AI chatbot powered by voice, will be widely dispersed across other Android phones. However, these features are exclusive to subscribers of Google's Gemini Advanced plan, priced at $20 per month, making it more of an upselling strategy rather than a focus on selling premium smartphones. Google's expertise in upselling once-free services, such as YouTube's non-advertising revenue, may work in its favor.
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Google’s Flagship AI Model Gets a Mighty Fast Upgrade
Wired
·
1y ago
Medial
Google DeepMind has released an upgrade to its AI model, Gemini Pro 1.5, just two months after the initial launch. This new version is more powerful and has the ability to handle large amounts of text, video, or audio input at once. The upgraded model, which is as capable as the larger Gemini Ultra, can analyze lengthy documents, answer questions about movies, and identify important takeaways from Discord discussions. Google hopes that developers will be able to build new types of applications using this enhanced model.
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Sweden's Northvolt raises $5 bln green loan to expand battery factories
Reuters
·
1y ago
Medial
Swedish battery producer Northvolt has raised $5 billion in the form of the largest green loan in Europe. The funds will be used to expand its battery factories in northern Sweden. This brings the total equity and debt secured by the company to over $13 billion. The loan was provided by a group of 23 commercial banks, the European Investment Bank, and the Nordic Investment Bank. Northvolt has received orders worth over $55 billion from major carmakers such as BMW, Scania, Volvo Cars, and Volkswagen. The company is also reportedly considering an initial public offering.
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Google’s AI Chatbot App Gemini Ventures Into India
Inc42
·
1y ago
Medial
Google has launched its AI-powered chatbot app, Gemini, in over 150 countries and territories, including India. The Gemini app is available in English, Korean, and Japanese languages, with Google planning to expand to more languages in the future. This expansion follows Google's rebranding of its chatbot from Bard to Gemini and the launch of a standalone app for Android users. Gemini is a multimodal AI language model that can process various data formats and perform tasks like generating images and drafting emails. India's growing GenAI market makes it an attractive space for Google's entry.
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Google’s customizable Gemini chatbots are now in Docs, Sheets, and Gmail
The Verge
·
1m ago
Medial
Google has introduced "Gems," customizable versions of its Gemini AI assistant, to its Workspace apps like Docs, Sheets, and Gmail. These chatbots can be tailored for specific tasks, such as copywriting or exam revision. Users can create and access both custom and pre-made Gems through the Workspace side panel, enhancing task efficiency by reducing repetitive prompts. The update is available to all Workspace users who can access Gemini, with a rollout beginning on July 2nd.
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