Samsung secures self-driving car permit in California

Samsung plans to use the car to develop a self-driving car algorithm that could drive in adverse weather. (Reuters)
Updated 01 September 2017

Samsung secures self-driving car permit in California

CALIFORNIA: Samsung said on Thursday it has received a permit to test self-driving vehicles in California, marking the entry of the world’s largest smart phone maker four months after iPhone maker and arch rival Apple received a permit.
Its parent company in May secured permission from South Korean authorities to test a self-driving car fitted with its own sensors and software systems. At that time, South Korean officials said the company planned to use the car to develop a self-driving car algorithm that could drive in adverse weather.
In a statement to Reuters, Samsung did not say what precisely what it planned to test in the US but said it secured the permit “in pursuit of a smarter, safer transportation future.”
The company, part of a massive conglomerate that makes everything from washing machines to heavy machinery, said it has “no plans to enter the car-manufacturing business.”
With the foray into the US self-driving car landscape, Samsung will jostle with its friends and foes. Besides Apple, it will join Waymo, a division of Alphabet, which supplies the Android operating system that runs on Samsung’s phones.
Samsung has a range of other opportunities for growth in the self-driving car business. Earlier this year, the company closed its $8 billion (SR30 billion) purchase of car audio maker Harman International Industries, giving it a wide footprint in so-called connected car technologies.


OPEC+ emergency meeting likely to be postponed to April 8 or 9

Updated 04 April 2020

OPEC+ emergency meeting likely to be postponed to April 8 or 9

  • The postponement allows for more time for negotiations among oil producers

OPEC and its allies will not hold their emergency virtual meeting on Monday and will likely postpone it until April 8 or 9 to allow more time for negotiations among oil producers on crude supply cuts, two OPEC sources said on Saturday.