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Dhoni invests in online used car marketplace Cars24

Founded in 2015 by Vikram Chopra and Mehul Agrawal, the company is backed by Sequoia India, Exor Seeds, partners of DST Global, London-based Kingsway Capital and Silicon Valley investment firm KCK.

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Cars24 shuts down

Gurugram, Aug 13 (IANS) Former Indian captain MS Dhoni has invested in Gurugram-based online used car marketplace Cars24 for an undisclosed sum, the company announced on Tuesday. The investment is part of the series D round of funding.

Founded in 2015 by Vikram Chopra and Mehul Agrawal, the company is backed by Sequoia India, Exor Seeds, partners of DST Global, London-based Kingsway Capital and Silicon Valley investment firm KCK.

“I am thrilled to be part of the CARS24 journey. Besides being a fan of all things to do with cars, I am also a fan of new age companies that are disruptive, innovative and shaping the future. CARS24 is definitely one of these companies,” Dhoni said in a statement.

As consumption slowdown and liquidity crunch hit the auto industry including the second-hand car market, Cars24 reportedly shut down a dozen stores in the national capital recently, saying it is in the process of “addressing anomalies”.

“We are very excited to welcome Mahi into the CARS24 family. His ability to constantly evolve, innovate and find solutions to every problem thrown at him over the years have made him the most celebrated captain in the Indian history,” said Chopra.

CARS24 said it has invested in data and technology to provide consumers with a reliable and trusted solution.

“We already have a huge customer base in the used car industry and plan to engage them further by offering our services from over 1,000 branches in the next few years,’ added Gajendra Jangid, Co-Founder and CMO CARS24.

The company has recently announced its foray into the franchise model and intends to scale up its presence in over 300 tier II, III and IV markets by 2021.

Last month, Cars24 said it was in the process of addressing “anomalies observed with a few properties” after the media reported that half-a-dozen landlords in Delhi sent legal notices to the Sequoia-funded platform for allegedly not paying rents for months and shutting down outlets in violation of lease agreements.

They alleged that Cars24 ended leases before the lock-in period was over.

“We conduct periodic internal audit of all properties for compliance and are currently in the process of addressing anomalies observed with a few properties in our recent audit,” Jangid had told IANS.

Including the retail branches, parking and offices, the number of properties Cars24 operates in the country is around 200.

“We are planning to be present in 70 cities with 230 branches by 2019,” Jangid had said, adding that the platform has secured trust of over 10,000 channel partners from more 230 cities who are registered on its platform.

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Bill Gates Is Driving a Porsche Taycan. Here’s Why He Didn’t Get a Tesla

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San Francisco, Feb 18 : Tesla CEO Elon Musk on Tuesday took a jibe at Microsoft co-founder Bill Gates after the world’s second richest man declared he has bought his first EV — Porsche Taycan.

Gates told a noted YouTube tech reviewer Marques Brownlee in an interview that he purchased his first-ever EV Porsche Taycan, calling the vehicle “very, very cool”.

“My conversations with Gates have been underwhelming tbh (to be honest),” Musk tweeted to a user.

The initial EV Porsche Taycan Turbo S model starts at $185,000 while the entry-level Tesla Model 3 starts from $35,000.

In the interview, Brownlee asked Gates about his thoughts on Tesla’s dominance in the electric vehicle market.

Gates acknowledged that Tesla is the cream of the crop when it comes to electric cars, adding that lots of manufacturers are moving to produce electric vehicles because Tesla’s appeal has been increased over the past few years.

“Tesla, if you had to name one company, that’s helped drive that, it’s them,” said Gates.

You can watch the complete interview here:

Musk has been tweeting his thoughts about tech honchos.

He recently questioned Facebook CEO Mark Zuckerberg’s understanding of Artificial Intelligence (AI) and called Amazon Founder and CEO Jeff Bezos a “copycat”.

Gates recently commissioned a $644 million hydrogen-powered superyacht. The plans of buying the superyacht were unveiled at the Monaco Yacht Show in December last year.

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Maruti Suzuki India launches Ertiga S-CNG

“Being the first company to introduce factory-fitted CNG cars in the country, today we proudly own the largest portfolio of green vehicles.”

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Maruti Suzuki BS-VI compliant Ertiga S-CNG

New Delhi, Feb 7: Automobile major Maruti Suzuki India on Friday rolled out the BS-VI compliant Ertiga S-CNG, offering a mileage of 26.08 km per kg.

According to the company, the factory-fitted Ertiga BS-VI S-CNG will be available for Rs 8.95 lakh (Ex-showroom, Delhi).

At the launch, Maruti Suzuki India’s Executive Director (Marketing & Sales) Shashank Srivastava said: “Ertiga has been a market leader amongst MPVs, and the introduction of BS6 S-CNG will further help augment its leadership in the segment.”

“Being the first company to introduce factory-fitted CNG cars in the country, today we proudly own the largest portfolio of green vehicles.”

Besides, the company said that the launch of S-CNG vehicle range is aligned to and complements the government’s vision of reducing oil imports and enhancing the share of natural gas in the energy basket of the country from the current 6.2 per cent to 15 per cent by 2030.

At present, the government is working to rapidly increase CNG fuel pumps network in the country.

In addition, the automobile major said that S-CNG vehicles are equipped with dual interdependent ECUs (Electronic Control Units) and intelligent injection system.

“Vehicles are specially tuned and calibrated to deliver optimum performance and enhanced drivability across all kinds of terrains,” the company said in a statement.

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Elon Musk hires AI that ‘reports directly’ to him 24/7

Tesla is using advanced AI for vision and planning, supported by efficient use of inference hardware to achieve a general solution to full self-driving.

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Tesla CEO Elon Musk

San Francisco, Feb 3: Tesla CEO Elon Musk who is a staunch critic of Artificial Intelligence (AI) has now hired the technology, turning AI into a subordinate that “reports directly” to him daily.

Musk, who has crossed swords with Facebook CEO Mark Zuckerberg and former Alibaba Chairman Jack Ma over the role of AI, is finally giving the technology some space, like in his startup Neuralink which is creating a brain-machine interface.

Tagging Lex Fridman, popular host of the Artificial Intelligence podcast on YouTube, Musk tweeted: “At Tesla, using AI to solve self-driving isn’t just icing on the cake, it the cake” @lexfridman

“Join AI at Tesla! It reports directly to me & we meet/email/text almost every day. My actions, not just words, show how critically I view (benign) AI,” the Tesla CEO added.

For him, AI can only do ‘benign’ tasks and those jobs too are being evaluated critically by him.

Tesla is using advanced AI for vision and planning, supported by efficient use of inference hardware to achieve a general solution to full self-driving.

The company is building silicon chips that power its full self-driving software from the ground up, taking every small architectural and micro-architectural improvement into account while pushing hard to squeeze maximum silicon performance-per-watt.

The company is applying cutting-edge research to train deep neural networks on problems ranging from perception to control.

“Our per-camera networks analyze raw images to perform semantic segmentation, object detection and monocular depth estimation. Our birds-eye-view networks take video from all cameras to output the road layout, static infrastructure and 3D objects directly in the top-down view,” says Tesla.

“Our networks learn from the most complicated and diverse scenarios in the world, iteratively sourced from our fleet of nearly 1 million vehicles in real time. A full build of Autopilot neural networks involves 48 networks that take 70,000 GPU hours to train. Together, they output 1,000 distinct tensors (predictions) at each timestep,” the electric carmaker added.

The company is also developing core algorithms that drive the car by creating a high-fidelity representation of the world and planning trajectories in that space.

During a recent presentation about Neuralink’s brain-machine interface technology, he said: “Even in a benign AI scenario, we will be left behind.

“Hopefully, it is a benign scenario. But I think with a high-bandwidth brain-machine interface we can actually go along for the ride. And we can effectively have the option of merging with AI,” Musk told the gathering.

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