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Volkswagen Unveils First Driverless Robo-taxi

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The Sedric
  • Volkswagen Unveils First Driverless Robo-taxi

Volkswagen Group has unveiled a self-driving concept car, the Sedric, which can drive children to school, drop their parents in the offices, and then look independently for a parking space.

The vehicle, which provides an indication of how robo-taxis could operate in the future, can also collect pre-ordered shopping or meet the owner at the station or airport, according to an online journal, ARS Technica.

Presented last week at the Geneva auto show, one of the world’s most glamorous auto exhibitions, the automaker said the concept car gave a glimpse of the future of personal transportation.

The Sedric is a small driverless pod, similar in stature to those found at Heathrow Airport, London but with a greater level of autonomy, the Telegraph of London reports in its review of the car.

The Sedric is expected to waft through the urban landscape silently with the aid of electric motors.

The idea of developing fully autonomous vehicles that would offer greater comfort and convenience than current cars, while slashing the number of road deaths and truly democratising mobility gave birth to the Sedric, ARS Technica, said, in its report.

It said it was the first concept car built by the Volkswagen Group.

It quoted the car’s Chief Designer, Mr. Michael Mauer, as saying it was developed by Volkswagen Group’s Future Centre Europe in Potsdam and Volkswagen Group Research in Wolfsburg.

He said, “We are systematically focusing on our customers, their wishes and requirements for the mobility of the future.

“The Volkswagen Group Future Centres give us the opportunity to conceptualise and develop new ideas of mobile life.”

According to Volkswagen, Sedric will serve as either a shared mobility system operating worldwide or a vehicle from one of the group’s brands that might be owned by an individual.

The company also noted that despite much talk in recent years about future mobility ushering in new ownership models, many people would continue to desire their own automobile in the future.

Volkswagen said it aimed to make the Sedric very simple to operate, using a remote control called the Button: pressing it summons car and identifies the user when the car arrives.

Two wide doors on each side slide open to reveal an airy interior with sofa-style seats facing towards the centre.

No steering wheel

Sedric has no steering wheel, no pedals, and no conventional cockpit controls or instruments.

Volkswagen said this would permit “a completely new sense of well-being in the vehicle-a welcome home feeling.”

According to the reviewer, the front seats fold up to provide more floor area so the rear passengers can stretch out or to house luggage. Air quality is maintained using large bamboo charcoal air filters and a collection of air-purifying plants that sit in front of the rear windscreen.

It said, “Once inside, operation is based on voice commands: you just tell Sedric where you want to go and the route you will prefer to take. Sedric responds with information on the journey time and the current traffic situation.

“Passengers – since there’s no human driver, everyone is a passenger – can sit back and relax or can engage more fully with the journey through a windscreen that is in fact a transparent, high-resolution OLED display. This can provide augmented reality data or can be used as an entertainment centre.”

The Volkswagen’s Chief Digital Officer, Johann Jungwirth, said the company would become a leading mobility provider by 2025 and would “in part become a software and services company” in the process.

Volkswagen quoted an American computer scientist, Alan Kay, as saying, “People who are really serious about software should make their own hardware.” Jungwirth added that Volkswagen already had decades of experience with the hardware.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Telecommunications

Lagos Residents Frustrated by Rapid Data Drain, Call for NCC Action

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Telecommunications - Investors King

Lagos residents are expressing increasing frustration over what they describe as the rapid depletion of their data bundles.

Many subscribers are now calling on the Nigerian Communications Commission (NCC) to address their concerns as they suspect changes in billing practices by telecommunication providers.

Numerous subscribers have reported that their data does not last as long as it used to. A Lagos-based teacher, Mrs. Nafidah Zaynab, shared her experience, stating that a N2,000 data bundle, which previously lasted almost a month, now depletes within just a few days.

This sentiment is echoed by many, including Idowu Anabili, a trader who has reduced his data usage due to rising costs.

Abdullahi Yunus, who runs a café, noted a significant increase in his data expenses, spending between N70,000 and N100,000 monthly, up from N30,000. He attributes this spike to faster data consumption.

Telecom operators deny any wrongdoing, attributing the faster data consumption to increased usage by subscribers.

An anonymous official from MTN explained that the variety of activities performed on smartphones has increased, leading to faster data usage.

Airtel Nigeria’s spokesperson, Mr. Femi Adeniran, suggested that background apps and high-definition streaming contribute to the issue.

Despite complaints, operators assert they have not officially increased data prices. They emphasize that automatic app updates and other technical factors may be responsible for the perceived quick depletion.

Experts suggest that the challenging economic climate may be pressuring telecom companies to subtly reduce data value.

The industry has reported a 43% rise in operational costs, although no formal tariff hikes have been announced.

The NCC has clarified that it has not authorized any increase in data tariffs. The commission highlights technical factors like automatic video play and app updates as potential causes for quick data depletion.

In a bid to assist consumers, the NCC has advised turning on data saver modes and managing app updates to conserve data.

To combat the issue, Mobile Network Operators (MNOs) have initiated a campaign to educate consumers on optimizing their data usage.

They recommend practices such as disabling automatic updates and closing unused apps.

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Social Media

Meta Shuts Down 63,000 Nigerian Accounts in Sextortion Crackdown

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Facebook Meta

In a significant move to combat online crime, Meta Platforms Inc., the parent company of Facebook, Instagram, and WhatsApp, has removed 63,000 accounts in Nigeria linked to sextortion scams.

This sweeping action is part of Meta’s ongoing effort to address the growing threat of digital extortion on its platforms.

Unmasking the Scammers

The crackdown, which took place at the end of May, targeted accounts engaged in blackmail schemes.

These scammers posed as young women to coerce individuals into sharing intimate photos, which were then used to extort money from the victims.

The removal follows a Bloomberg Businessweek exposé highlighting the rise of such crimes, particularly affecting teenagers in the United States.

The Global Impact

The U.S. Federal Bureau of Investigation (FBI) has identified sextortion as one of the fastest-growing crimes targeting minors.

The schemes often lead to severe consequences, including the tragic suicides of more than two dozen teens.

In one high-profile case, the death of 17-year-old Jordan DeMay in Michigan led to the arrest of suspects traced back to Lagos, Nigeria.

The Role of the Yahoo Boys

Many of the dismantled accounts were linked to the “Yahoo Boys,” a notorious group known for orchestrating various online scams.

These individuals have been using social media to recruit and train new scammers, sharing blackmail scripts and fake account guides.

Meta’s Response

Meta’s spokesperson emphasized the company’s commitment to user safety, stating, “Financial sextortion is a horrific crime that can have devastating consequences.”

The company is continually improving its defenses and has reported offenders targeting minors to the National Center for Missing & Exploited Children.

To enhance protection, Meta has implemented stricter messaging settings for teen accounts and safety notices regarding sextortion.

They are also employing technology to blur potentially harmful images shared with minors.

Ongoing Efforts

Meta’s actions highlight the complex and evolving nature of online crime. The company has pledged to remain vigilant, adapting its strategies to counter new threats as they emerge.

“This is an adversarial space where criminals evolve to evade our defenses,” Meta noted.

Looking Forward

As digital platforms continue to grapple with issues of privacy and security, Meta’s recent actions demonstrate a proactive stance in safeguarding users.

By dismantling these networks, the company aims to reduce the prevalence of sextortion and foster a safer online environment for all.

The crackdown serves as a reminder of the need for continued vigilance and collaboration between tech companies and law enforcement to protect individuals from the harmful effects of digital exploitation.

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Fintech

Flutterwave Celebrates Inclusion in CNBC’s Top 250 Global Fintechs

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Flutterwave has been recognized as one of the Top 250 Fintech companies globally by CNBC and Statista.

Joining the ranks of industry giants like Ali Pay, Klarna, Piggyvest, and Mastercard, this accolade underscores Flutterwave’s impact on the financial technology sector.

This honor follows Flutterwave’s recent inclusion in Fast Company’s Most Innovative Companies list, highlighting the company’s pivotal role in transforming Africa’s payment landscape.

The recognition is a testament to Flutterwave’s dedication to innovation and excellence in providing seamless payment solutions across the continent.

Expressing gratitude, Flutterwave acknowledged its talented team, supportive board, reliable partners, and loyal customers for contributing to this success.

The company continues to drive progress in the fintech industry, reinforcing its commitment to enhancing financial accessibility and inclusion in Africa and beyond.

Flutterwave’s recognition on these prestigious lists marks a proud moment and a significant milestone in its journey, reflecting the company’s growing influence and leadership in the global fintech arena.

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