Page 42 - The Indian EYE 081922

The Indian Eye
BUSINESS EYE AUGUST 19, 2022 42

TECH T@LK

Xiaomi launches Pilot Technology Is Elon Musk coming up with new

for autonomous driving social media site?

ei Jun, the CEO of Xiaomi, ment thus far has surpassed all ex- mid his ongoing legal battle as well.
launched the first progress pectations. against Twitter, Tesla CEO “I do sort of have a grander vi-
Lreport for Xiaomi Pilot Tech- The company is adding anoth- AElon Musk teased a potential sion for what I thought X Corpo-
nology for autonomous driving. Ac- er USD300 million to its long-term social media site of his own as a com- ration could have been back in the
cording to GSM Arena, Xiaomi’s industrial strategic capabilities. This petitor for Twitter. day. It’s a pretty grand vision and
fully internal developed autono- investment entails a direct stake in While responding to a question of course that could be started from
mous driving solution is called Pilot more than ten already operating from one of his followers, Musk scratch but I think Twitter would ac-
Technology. businesses that deal with everything dropped a cryptic tweet, hinting at a celerate that by three to five years,”
The company has pledged from sensors to actuators to con- potential new social media platform Musk had reportedly said.
USD500 million toward the forma- trollers in the autonomous driving ‘X.com’. On Tuesday, a social media The tweet comes at a time when
tion of the R&D team and the cre- space. Xiaomi is taking no chances user asked the billionaire tech tycoon Musk is involved in a high-stakes le-
ation of what it refers to as the most in ensuring that it has constant ac- whether he had given any thought to gal battle with Twitter. ‘
advanced self-driving technology. cess to supplies and technology. creating his own social platform. Twitter recently sued Musk after
For its R&D team, Xiaomi hired The company uses a full stack Musk, who is quite active on he decided to back out of the USD
over 500 experts from around the strategy, giving it total control over Twitter, noticed the question and re- 44 billion takeover deal. In April,
world. To ensure access to the most the software and hardware, and de- sponded by just writing “X.com”. Musk reached an acquisition agree-
recent innovations and technologies, veloped the autonomous driving al- X.com used to be the domain ment with Twitter at USD 54.20 per
the company made a number of ac- gorithm entirely in-house. name of a start-up Musk found- share in a transaction valued at ap-
quisitions and strategic investments This strategy enables the busi- ed two decades ago, which he later proximately USD 44 billion.
along the way. ness to create wholly proprietary merged with financial services com- However, Musk put the deal on
Lei Jun claims that Xiaomi’s solutions with closed-loop data ca- pany PayPal. hold in May to allow his team to re-
autonomous technology employs pabilities. It allows for rapid soft- In fact, last week, Musk talked view the veracity of Twitter’s claim
an internally developed full-stack ware and hardware updates that can about the website during Tesla’s an- that less than 5 per cent of accounts
methodology and that the develop- be user-driven. nual shareholder meeting last week on the platform are bots or spam.

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