Articles categorized by: Innovation

British Petroleum invests in AI startup Belmont Technology

BP Ventures has invested $5 million in Belmont Technology’s Series A financing. The investment supports BP’s ongoing work exploring opportunities to apply machine learning and cognitive computing in its global oil and gas business. Aimed at accelerating project lifecycles, from exploration through to reservoir modelling, Belmont’s technology behind BP’s AI called Sandy is targeting a […]

Samsung and KOTSA join hands in 5G and V2X for connected cars field

Samsung Electronics today announced that it has signed a Memorandum of Understanding (MoU) with the Korea Transportation Safety Authority (KOTSA) to collaborate on next-generation telecommunication technology which will enable autonomous driving innovation across the country. Under this partnership both KOTSA and Samsung will build 4G LTE, 5G and vehicle-to-everything (V2X) telecommunication networks, as well as […]

VAKT, first ever blockchain based energy trading market, launched

VAKT, first ever blockchain based energy trading system, started open operations this same January. The platform manages physical energy transactions from trade entry to final settlement, eliminating reconciliation and paper-based processes. BP, Equinor, Shell, Gunvor and Mercuria had already launched privately as VAKT’s first users, running in parallel with their internal systems. Other backers include […]

Major tech cos and car manufacturers seal NAV Alliance to solve massive data flood management in self driving cars

Self-driving cars have become data centers on wheels constantly analyzing vast amounts of data to endeavor to ensure the safest and most secure experience for passengers, pedestrians, and other vehicles. This massive data flow generated in autonomous driving needs for a new generation of in-vehicle networking solutions that can transmit data between the increasing number […]