First Internet-Connected Vehicle Tested

Reuters
Reuters
TT
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First Internet-Connected Vehicle Tested

Reuters
Reuters

Tampa Hillsborough Expressway Authority (THEA) will host its first public demonstration of the technology it plans to deploy as part of the Tampa Connected Vehicle Pilot in 2018.

US authorities have decided to require automakers to supply all new cars with Internet access technology starting in 2021, and the first test of this technology will take place in Tampa Hillsborough Expressway.

The first demonstration of a car with internet access took place Monday on the downtown end of the Lee Roy Selmon Expressway.

The car is equipped with sensors that can identify anything that is around it, including other cars, pedestrians and the highway.

THEA plans to equip approximately 1,600 privately owned automobiles with connected vehicle technology to communicate with downtown traffic and pedestrian signals to enhance safety and improve traffic flow.

The project is funded through a grant from the US Department of Transportation.



EIB to Allot 70 Bln Euros for Tech Sector in 2025-2027

FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo
FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo
TT
20

EIB to Allot 70 Bln Euros for Tech Sector in 2025-2027

FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo
FILE PHOTO: The logo of the European Investment Bank is pictured in the city of Luxembourg, Luxembourg, March 25, 2017. Reuters/Eric Vidal/File Photo

The European Investment Bank is likely to announce on Friday plans to pump 70 billion euros into the development of European technology firms over the next three years, EU officials said.

The program, called Tech EU, is meant to help Europe compete with China and the United States in the race for innovative clean and digital technologies.

The EIB, the biggest multilateral lender in the world with a balance sheet total of 556 billion euros, expects its own 70 bln euros to mobilize a further 250 billion euros of private cash as investors crowd into projects supported by the EIB, Reuters quoted EU officials as saying.

The 70 billion is to be split into 20 billion euros for equity and quasi-equity, 40 billion euros for loans and 10 billion for guarantees in 2025-2027, the officials said.

The plan is to complement European Commission efforts to support higher risk ventures and innovative companies throughout their investment journey, from proof of concept to an initial public offering.

The EIB wants to focus on supercomputing, artificial intelligence, digital infrastructure, critical raw materials, green industries such as offshore wind, health, security and defense technologies, robotics and advanced materials, the officials said.