Business
Lucid targets industry-first self-driving car technology with Nvidia
The Lucid display is seen at the New York International Auto Show on April 16, 2025.
Danielle DeVries | CNBC
Lucid Group is targeting a new goal that would make it the first automaker to offer highly advanced self-driving capabilities in its vehicles in the coming years, the company said Tuesday.
The all-electric vehicle manufacturer expects to launch what it’s calling “mind-off” driving in which a car can essentially drive itself under normal circumstances without a human needing to monitor it or intervene unless there’s a change in circumstances, such as severe weather. That would be like an occupant playing a game of cards or watching TV while the car is driving.
Lucid on Tuesday said it plans to leverage Nvidia‘s “Drive AV” platform and multisensor suite that includes cameras, radar, and lidar — or light detection and sensing, which allows the vehicle to better “see” its surroundings — for the forthcoming system.
Marc Winterhoff, interim CEO of Lucid, said the plan is to debut the new system “definitely in the coming years,” but he declined to specify an exact timeframe other than it won’t be in 2026. The system is first planned for Lucid’s upcoming midsize vehicle before it would expand to other models, he said.
“I want to make sure that we can offer this for our customers in a timeframe that I think is very ambitious, but at the same time, also we’re realistic,” Winterhoff told CNBC. “The main reason why I decided to not start from scratch, just do it ourselves, it’s simply time to market. … Also, it would cost a lot of money.”
Winterhoff said Nvidia’s technologies will be a catalyst for the system, while Lucid plans to actually execute the self-driving technology.
In the meantime, Winterhoff said Lucid plans to continue to increase the automated technologies on its current vehicles — the Air sedan and Gravity SUV — in partnership with Nvidia.
A Lucid-supplied teaser image of its upcoming midsize vehicle behind its current Gravity SUV.
Lucid
“It will be a stepping stone,” said Winterhoff, who has served as interim CEO since company founder Peter Rawlinson left as chief executive in February.
Many companies, including General Motors and Tesla, have promised personal self-driving vehicles but have failed to deliver. Automakers have invested billions of dollars working on autonomous vehicles in recent years, with most pulling back spending after years of trying to deploy the technologies.
What Lucid is aiming to launch is what the industry refers to as “Level 4: High Driving Automation.” As defined by SAE International, formerly the Society of Automotive Engineers, Level 4 technologies should not require monitoring or human intervention under certain, but not all, conditions.
There are a limited number of Level 4 vehicles currently on U.S. roadways. Most notably, Alphabet‘s Waymo operates robotaxis in a variety of cities. Lucid is saying it plans to be the first for a consumer vehicle.
Achieving such a system for Lucid will be daunting, especially given its track record on advanced driver assistance system, or ADAS.
The company, by its own admission, has not lived up to its customers’ expectations. It has been slow to release systems capable of hands-free driving, like many companies offer, or compete with well-known “Level 2” technologies such as GM’s “Super Cruise” or Tesla’s “Autopilot” or “FSD.”
Meanwhile, it’s set to be a record year for EV sales, but demand for all-electric cars is expected to decline with the end of federal incentives of up to $7,500.
Lucid announced the self-driving technology plans as well as other initiatives in conjunction with the Nvidia GTC global artificial intelligence conference taking place this week in Washington, D.C.
A scheme has been launched to compensate victims of the Post Office Capture IT scandal that saw former subpostmasters forced to repay shortfalls.
The Government said those affected can now apply for redress, with those found to be eligible set to receive £10,000 immediately and final awards potentially reaching up to £300,000 after full assessment by an independent panel, or more in certain cases.
The Capture system pre-dated the now infamous Horizon software, which has been responsible for around 1,000 wrongful convictions.
An independent report into faulty accounting system Capture was commissioned last year after subpostmasters said they had suffered similar problems to those faced by the Horizon victims.
The report by forensic accountants Kroll Associates, which concluded there was a reasonable likelihood that Capture – in use at Post Office branches between 1992 and 2000 – created financial shortfalls for postmasters.
In some cases, postmasters resorted to using their own savings to make up the difference.
The scheme will be not be open to postmasters who have criminal convictions related to Capture.
Those who were given criminal convictions must instead go through the Criminal Cases Review Commission, or its Scottish equivalent.
The Government has said it will “ensure that appropriate redress is given” to those where convictions are overturned by the courts.
The compensation scheme will be tested for the first 150 claimants before being rolled out more widely.
Post Office minister Blair McDougall said: “After over two decades of fighting for justice, postmasters and their families will finally receive recognition and recompense for the lives and livelihoods that Capture destroyed.
“I’d like to thank all of those victims who have helped us to design this scheme, allowing us to deliver on our promise of providing redress today.
“We can’t make up for everything they have lost, but today we begin restoring some of the dignity so cruelly taken away by this scandal.”
The Government said the scheme has been designed “hand in hand” with victims, while also taking lessons into account from redress schemes for the Horizon IT Scandal.
So far, more than £1.2 billion has been paid out in compensation to more than 9,000 victims of the Horizon scandal, it added.
New Delhi: The Central Board of Direct Taxes (CBDT) has extended the due dates for filing audit reports and Income Tax Returns (ITR) for the Assessment Year 2025–26, giving major relief to businesses, professionals, and firms whose accounts require auditing.
Earlier, the deadline to submit tax audit reports was October 31, 2025, and the corresponding ITR filing deadline was also October 31, 2025. However, considering technical delays and representations from taxpayers and professionals, the CBDT has now extended both these dates.
As per the latest circular, taxpayers who are required to get their accounts audited under the Income Tax Act, 1961 can now file their audit reports by November 10, 2025, instead of October 31. Consequently, the due date for filing the ITR for such taxpayers has also been pushed to December 10, 2025.
This extension applies to companies, Limited Liability Partnerships (LLPs), and other entities whose books of accounts need to be audited. It also benefits professionals and small businesses who were facing difficulties due to late availability of ITR forms and software utilities.
The government’s decision aims to provide adequate time for taxpayers and auditors to ensure accuracy and compliance while reducing last-minute rush and filing errors. The extension also reflects the government’s understanding of the challenges faced by the accounting community, especially with overlapping deadlines for GST audits and other financial filings.
Tax experts advise taxpayers to make the most of this extension by completing audits early and verifying data consistency between GST, TDS, and income tax returns to avoid discrepancies during assessment.
In summary, the new deadlines are:
Audit Report Filing: November 10, 2025
ITR Filing for Audited Taxpayers: December 10, 2025
Missing these dates could still attract penalties and interest, so taxpayers are urged to file well before the final deadline.
Gold and silver prices have experienced significant fluctuations recently. The US-China trade deal and the strengthening US dollar are the primary factors influencing these movements. Investors tend to reduce their investments in precious metals when market and global geopolitical conditions appear stable, leading to a decline in prices.
On the Multi Commodity Exchange of India (MCX), gold for December fell by Rs 1,546 to Rs 1,21,905 per 10 grams. Last week, which had fewer trading days due to holidays, saw gold prices drop by Rs 3,557 (2.80%). Similarly, silver for December decreased by Rs 1,964 to Rs 1,45,506 per kg.
During the same week, silver prices fell by Rs 9,134. Many traders engaged in transactions involving 12,428 gold bars and 20,367 silver bars. The progress in US-China trade talks has contributed to the declining prices since Friday.
The recent price decline can be attributed to the two-day meeting between US and Chinese leaders in Malaysia. They reportedly reached a consensus on key issues such as export rules and shipping tariffs. As a result, the US-China trade deal and the strong US dollar have diminished the demand for safe-haven assets, leading to a further decline in gold prices.
This week, central banks are expected to make significant decisions regarding interest rates. The US Federal Reserve is likely to cut rates by 0.25%, while the European Central Bank and the Bank of Japan are expected to maintain their current rates. Traders are closely monitoring these developments.
Expert Darshan Desai commented, “We should be prepared for significant fluctuations in the short term. Gold prices may fall further.”
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