FiveAI to start a trial of its shared autonomous car fleet in London in 2019 [TechCrunch Blog]
Aptiv PLC Ordinary Shares (APTV)
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Source: TechCrunch Blog
After raising $35 million to develop driverless car technology and a strategy to build a fleet of shared vehicles, UK startup FiveAI is announcing its first on-street trial: a service aimed at commuters in the London outer boroughs of Bromley and Croydon. Projected to begin in late 2019, it will kick off first with a 10-month “data gathering” exercise, which will see five FiveAI vehicles, with drivers, collect information about road conditions, the movement of pedestrians and various vehicles, and other variables to help train its AI platform. The new trial will be the first on-street effort from the UK startup, which has up to now been testing its technology primarily in Bedfordshire, at automotive testing centre Milbrook Proving Ground , according to Ben Peters, FiveAI’s VP of product who is also a co-founder of the company (alongside Stan Boland , Steve Allpress, John Redford and Simon Walker). The news of the London trial comes as TechCrunch has lea
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- Aptiv PLC (NYSE: APTV) had its price target raised by analysts at JPMorgan Chase & Co. from $109.00 to $113.00. They now have an "overweight" rating on the stock.MarketBeat
- Aptiv PLC (NYSE: APTV) had its price target lowered by analysts at Oppenheimer Holdings Inc. from $148.00 to $145.00. They now have an "outperform" rating on the stock.MarketBeat
- Aptiv PLC (NYSE: APTV) had its price target raised by analysts at Robert W. Baird from $86.00 to $90.00. They now have a "neutral" rating on the stock.MarketBeat
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- 5/6/24 - Form 144
- 5/3/24 - Form 3
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