Business
GM plans to launch eyes-off driving, Google AI and other new in-vehicle tech by 2028
Mary Barra speaks onstage during WSJ’s Future of Everything 2025 at The Glasshouse on May 28, 2025 in New York City.
Dia Dipasupil | Getty Images
NEW YORK — General Motors is targeting a suite of new software initiatives for its vehicles over the next three years, including an in-vehicle artificial intelligence assistant from Google and a driver-assistance system that can largely control the vehicle without human interaction or monitoring.
GM said the conversational Google Gemini AI will begin launching in its vehicles next year, followed by the new driver-assistance system, which will allow drivers to be hands-free and take their eyes off the road under certain circumstances, in 2028.
GM CEO Mary Barra and other executives made the announcements Wednesday as part of a “GM Forward” software event that also showcased other initiatives designed to “transform the car from a mode of transportation into an intelligent assistant,” the automaker said.
The company also announced that it is working on a new centralized computing platform, which is planned to roll out starting with the Escalade IQ in 2028; increased use of collaborative robots, also known as cobots, that can work alongside humans; and expanding availability of products from its GM Energy business.
GM displays its plans for a new centralized computing platform during the automaker’s “GM Forward” event on Oct. 22, 2025, in New York City.
Michael Wayland | CNBC
“Today we’ll share our vision for our vehicles, our industry and how we’re driving the future of transportation forward,” Barra said to kick off the event in lower Manhattan.
‘New era of mobility’
GM said the announcements are meant to usher in a “new era of mobility” for the company, which has struggled to achieve such initiatives in the past. Its previous efforts at moving forward include announcing plans in 2021 to double revenue by 2030, led by many now-defunct growth businesses, as well as growing annual software and services revenue to between $20 billion and $25 billion.
In recent years, it also killed an “Ultra Cruise” system meant to be able to drive in 95% of circumstances that was initially due to come out in 2023 and folded its Cruise robotaxi business.
GM executives on Wednesday declined to discuss revenue potential of the new announcements. CFO Paul Jacobson has previously walked back the doubling revenue goal, but has noted the company’s growing revenue, up 9.1% last year to $187.44 billion.
GM graphic of the automaker’s upcoming centralized computing design that’s set to debut in the Cadillac Escalade IQ in 2028.
GM
GM President Mark Reuss on Wednesday said the company’s revenue plans are “pretty much on track … maybe a year or two different” as it plans to continue to grow revenue, especially with the technologies announced Wednesday. He also said these initiatives are “very different” than prior announcements, as they’re tangible products that are entering the market shortly.
As of the third quarter of this year, GM recognized $2 billion from software services. That’s up from 2021, when the plans were announced and it took the full year to hit that mark. It also cited $5 billion in deferred revenue, up 90% from a year earlier, to end the third quarter.
The event comes a day after GM reported standout third-quarter earnings and upped its guidance, pushing the stock to have its second-best day on record since the automaker’s 2009 emergence from bankruptcy.
GM stock on Wednesday was trading relatively flat.
AI
GM said the artificial intelligence system from Google, which its infotainment system is developed on, will make “it possible to talk to your car as naturally as you would to a fellow passenger.”
“Our vision is to create a car that knows you, that looks out for you, and just meets your needs, even before you say,” Sterling Anderson, GM chief product officer, said during the event.
Anderson called the centralized computing a “foundational piece” of the company’s plans in increasing the capabilities of its vehicles.
GM Chief Product Officer Sterling Anderson during the automaker’s “GM Forward” event on Oct. 22, 2025 in New York City.
Michael Wayland / CNBC
The Detroit automaker said it expects to update select vehicles from the 2016 model year to all new models in the U.S. beginning next year with the AI tech.
GM also said it plans to develop its own “AI, custom-built” technology in the years to come but did not provide an exact time frame.
“In the future, we will introduce our own AI fine-tuned to your vehicle,” said David Richardson, a former Apple executive who is now GM vice president of software and services engineering. “Think of this as an assistant. It’s going to anticipate your needs, offer timely help and make every journey more personable and more enjoyable.”
Hands-free, ‘eyes-off’
GM said it plans for its upgraded advanced driver-assistance system, also known as ADAS, to feature hands-free, “eyes-off” driving technology, beginning on the Cadillac Escalade IQ EV, which currently starts around $127,500, in 2028.
The automaker then expects to expand the availability of the tech to other models, company executives said.
“Autonomy will make our roads safer. They’ll give customers back their most valuable asset: time. It’ll be a cornerstone of GM product portfolio going forward,” Anderson said.
Cadillac Escalade IQ with lidar
GM
The vehicle will use lidar, or light detection and ranging, systems that allow it to better detect or “see” its surroundings. Tesla CEO Elon Musk has notably been a critic of the technology, and his company’s vehicles rely on camera-based systems and computer vision.
“Just be clear, we’re developing a self driving product,” Anderson, a former Tesla executive, told CNBC. “It’s an eyes-off, self-driving system. As it relates to use of lidar in it, your product will be better with multiple modes of sensing, period. Full stop.”
Anderson, calling it an “ocean that’s too big to boil,” said the system is expected to evolve incrementally to its full potential.
GM declined to say whether the new technology will be called “Super Cruise,” which is its current system that allows drivers to be hands-free on 600,000 miles of pre-mapped roads in North America.
The current Super Cruise system monitors a driver’s attentiveness through the use of sensors and eye-detection cameras.
GM was the first automaker to offer such a hands-free system in 2016, but it was slow to roll out the technology until recent years.
Barra said the rollout of the new system will be significantly faster than the company’s initial expansion of Super Cruise.
GM Energy
Starting in 2026, GM said it will make its “Energy Home System” — which includes bidirectional electric vehicle charging and a stationary home battery — available via leasing, compared with outright purchasing the equipment.
The leasing will begin with GM all-electric vehicles owners and later roll out to other homeowners interested in backup power and solar integration, the company said.
GM Energy launched in 2022 as one of the automaker’s growth initiatives involving EVs. It was started to rival Tesla‘s home energy systems and provide battery packs, EV chargers and software to help customers optimize charging and ride out electric grid disruptions.
GM has not disclosed the size or revenue of its GM Energy business other than a blog by Wade Sheffer, vice president of GM Energy, that said momentum for its services are growing.
“It’s really incredible to see all the great things that are right on the horizon, and I know we will deliver for our customers, and that’s what matters most,” Barra said. “This moment builds on our history and sets the course.”
Business
Indian Stock Markets Open Lower Amid Profit Booking; Sensex Slips 380 Points
Mumbai: Indian stock markets opened sharply lower on Tuesday as investors booked profits after the recent rally.
Sentiment weakened further after reports suggested that US President Donald Trump may consider imposing new tariffs on Indian rice, raising fresh worries about unresolved trade issues between Washington and New Delhi.
The Sensex slipped 380 points, or 0.45 per cent, to 84,723 in early trade. The Nifty also moved in the same direction, falling 124 points, or 0.48 per cent, to 25,837.
“On the technical front, the Nifty now holds immediate support in the 25,800–25,850 range, while resistance is seen around 26,100–26,150, where repeated intra-day rejection highlights strong overhead supply,” experts said.
“A decisive breakout above this area will be essential for the index to regain upward momentum, while a sustained move below support may extend the ongoing consolidation,” they added.
The tone in the market remained cautious as major heavyweight stocks came under pressure.
Several blue-chip companies led the decline on the Sensex. Asian Paints, Tech Mahindra, Trent, Eternal, Reliance Industries, TCS, Ultratech Cement, Tata Steel, M&M, Tata Motors PV, HCL Tech, and BEL were among the top laggards, with losses of up to 2.5 per cent.
Only Hindustan Unilever and Bharti Airtel managed to stay in positive territory on the 30-share index.
The weakness was visible across the broader market as well. The Nifty MidCap index dropped 0.64 per cent, while the Nifty SmallCap index was down 0.61 per cent.
Sector-wise, the Nifty IT and Metal indices were among the worst performers, slipping 0.9 per cent and 0.8 per cent, respectively.
The Nifty Auto index also fell 0.8 per cent, while the Realty index declined 0.6 per cent.
Analysts said that the market mood turned cautious as global trade concerns resurfaced, prompting investors to trim their positions and wait for further clarity.
Business
Musk’s Starlink lists premium satcom prices for India, then pulls them back saying ‘glitch’ made ‘dummy test data’ visible – The Times of India
NEW DELHI: Elon Musk’s Starlink on Monday announced inaugural prices for its satellite venture in India and, as expected, these were many times more than a regular high-speed broadband connection that is currently being provided by terrestrial providers such as Airtel and Reliance Jio.The company put a Rs 8,600 monthly tariff for its satcom services in India, with a hefty additional Rs 34,000 as one-time charge for the requisite hardware.However, as its premium pricing started to create hectic chatter on social media, especially when it’s still some time before it can launch services as the govt continues work on satcom spectrum allocation and its charges, the company withdrew the announcement from its website, blaming a “glitch” for making “dummy test data visible. “The Starlink India website is not live, service pricing for customers in India has not yet been announced, and we are not taking orders from customers in India. There was a config glitch that briefly made dummy test data visible, but those numbers do not reflect what the cost of Starlink service will be in India,” Lauren Dreyer, VP of Starlink Business Operations, said on X. “The glitch was quickly fixed. We’re eager to connect the people of India with Starlink’s high-speed internet, and our teams are focused on obtaining final government approvals to turn service (and the website) on,” she said.Earlier in the day, the company said its India services will “work in all weather” with an “over 99.9% uptime”. It promised that the services are easy to initiate. “Just plug in and start using,” the company said, while promising to provide “unlimited data” and a 30-day trial period.However, the prices – if true – would be a far cry to the dirt-cheap tariffs that Indian internet consumers are used to.On mobile phones, the price per GB of data is less than Rs 10, and monthly packages are under Rs 400 for unlimited 5G mobile data, for example on Airtel. For home broadband on optical fibre, the Sunil Mittal-led company charges just Rs 499 per for a connection which comes with a speed of 40MBPS. Not only this, at Rs 599 per month, they also offer 29 OTT streaming services. The installation charges for home broadband are just Rs 1,500 on Airtel, which itself is an advance payment and can be adjusted in future payments.On the other hand, Reliance Jio’s up to 30 MBPS speed entry-level plan for home broadband costs Rs 399 (excluding GST), with a one-time installation charge of Rs 2,500 (of which Rs 1,500 is refundable security).For Starlink, these are early days and despite giving out the consumer prices (though withdrawn now), the company is not in a position to talk about when it will begin services. This is because there is still no clarity on when the spectrum for satellite communications will be provided by the govt.There are currently discussions, and differences of opinion, between regulator Trai and the department of telecom (DoT) — the nodal ministry on communications matters — regarding the charges that satcom companies need to pay to the govt. Until these issues are resolved, there is no chance of a satcom service beginning consumer services in the country.Starlink, however, is in the process of doing the groundwork for beginning services. It has started hiring in India before services begin commercially while also starting work on setting up the requisite ground infrastructure. Also, it needs to get a final approval from the law-enforcement agencies regarding its infrastructure, including mandated interception and data privacy rules, before beginning any commercial operation.It is believed that while having an aspiration to build its business in India’s urban centres, Starlink will initially find higher takers in rural and mobile unserved areas, apart from specialised use cases in strategic areas such as defence, mining, maritime, and enterprises.
Business
From HDFC To PNB: Banks Cut Lending Rates After RBI Repo Slash By 25 Bps To 5.25%
Last Updated:
After RBI cut the repo rate to 5.25 percent, HDFC Bank, PNB, Bank of Baroda, Indian Bank, Bank of India and Bank of Maharashtra reduced lending rates, easing EMIs for borrowers.
RBI MPC Meeting 2025: Repo Rate Cut Today Latest News
After the Reserve Bank of India (RBI) cut the repo rate by 25 basis points to 5.25% in its December MPC meeting, several major banks have begun reducing their lending rates. This will directly ease the burden on borrowers tied to MCLR, RLLR, RBLR and other benchmark-linked loans.
With these revisions, many existing customers can expect either lower EMIs or, depending on their loan agreement, a shorter repayment tenure.
HDFC Bank trims MCLR
HDFC Bank has lowered its Marginal Cost of Funds-based Lending Rates (MCLR) by up to 5 basis points across different loan tenures.
New MCLR range: 8.30% to 8.55%
Earlier range: 8.35% to 8.60%
This will benefit borrowers whose home or other retail loans are linked to MCLR.
PNB reduces RLLR
Punjab National Bank (PNB) has cut its Repo Linked Lending Rate (RLLR) from 8.35% to 8.10%, including the 10 bps BSP.
The new rate is effective from December 6, 2025, following the RBI’s repo rate cut.
The bank confirmed the update through its filing on the BSE website.
Bank of Baroda lowers BRLLR
Bank of Baroda has revised its Benchmark Retail Loan Lending Rate (BRLLR) to 7.90%, down from 8.15%.
This reduction will offer slight but meaningful relief to borrowers servicing retail loans.
Indian Bank cuts RLLR
Indian Bank has dropped its repo-linked benchmark lending rate from 8.20% to 7.95%, effective December 6, 2025.
The new rate will apply across the bank’s loan portfolio.
Bank of India revises RBLR
Bank of India has reduced its Repo Based Lending Rate (RBLR) from 8.35% to 8.10%, effective December 5, 2025.
The bank said the revision follows the RBI’s downward adjustment in the repo rate.
Bank of Maharashtra cuts home & auto loan rates
Bank of Maharashtra has gone a step further by cutting both home and car loan rates.
Home loan: reduced from 7.35% to 7.10%
Car loan: reduced from 7.70% to 7.45%
The bank has also waived all processing fees, reducing the upfront cost for new borrowers.
December 09, 2025, 06:30 IST
Read More
-
Tech1 week agoGet Your Steps In From Your Home Office With This Walking Pad—On Sale This Week
-
Sports1 week agoIndia Triumphs Over South Africa in First ODI Thanks to Kohli’s Heroics – SUCH TV
-
Entertainment1 week agoSadie Sink talks about the future of Max in ‘Stranger Things’
-
Fashion1 week agoResults are in: US Black Friday store visits down, e-visits up, apparel shines
-
Politics1 week agoElon Musk reveals partner’s half-Indian roots, son’s middle name ‘Sekhar’
-
Tech1 week agoPrague’s City Center Sparkles, Buzzes, and Burns at the Signal Festival
-
Sports1 week agoBroncos secure thrilling OT victory over Commanders behind clutch performances
-
Business7 days agoCredit Card Spends Ease In October As Point‑Of‑Sale Transactions Grow 22%
