Connect with us

Business

GM plans to launch eyes-off driving, Google AI and other new in-vehicle tech by 2028

Published

on

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.”



Source link

Business

UK inflation rate steady in February ahead of Iran war

Published

on

UK inflation rate steady in February ahead of Iran war



The speed of price rises in the UK has stayed the same, according to data which was collected before the US-Israel war with Iran began.



Source link

Continue Reading

Business

PSX holds positive trend as global equities rise, oil prices drop – SUCH TV

Published

on

PSX holds positive trend as global equities rise, oil prices drop – SUCH TV



Buying continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 1,700 points during the opening minutes of trading on Wednesday. At 10 am, the benchmark index was at 155,730.37, up 1,764.37 points (1.13%).

Buying interest was observed in key sectors, including automobile assemblers, cement, commercial banks, fertiliser, oil and gas exploration companies, OMCs, power generation, and refinery. Index-heavy stocks, including ARL, HUBCO, PSO, MARI, OGDC, POL, PPL, HBL, MCB, and MEBL traded in the green.

On Tuesday, PSX ended with moderate gains as thin volumes and profit-taking capped the upward momentum despite supportive global cues and easing geopolitical concerns.

The KSE-100 Index closed at 153,966.36 points, gaining 1,225.99 points or 0.80%.

K-Electric led trading volumes with over 35 million shares exchanged, coinciding with the company’s announcement of a new chief executive earlier in the day.

Market heavyweights, including Engro Holdings, Fauji Fertiliser Company, Lucky Cement, Systems Limited, and Hub Power Company, contributed significantly to the index gains, while banking and select industrial stocks weighed on overall performance.

Despite the rebound, analysts noted that the market remained cautious after last week’s decline, which was driven by geopolitical uncertainty, particularly tensions in the Middle East, and concerns over global energy prices.

Experts suggest that future market direction will depend on regional stability, energy policy developments, and progress in ongoing discussions with the International Monetary Fund.

Globally, stocks rose, and oil fell on Wednesday on reports the US is seeking a month-long ceasefire in its war on Iran, and had sent a 15-point plan to Iran for discussion, raising hopes for a resumption of oil exports out of the ​Persian Gulf.

S&P 500 futures rose 0.9% in the Asian morning, European futures lifted 1.2%, and Brent crude futures fell about ‌6% to $98.30 a barrel.



Source link

Continue Reading

Business

Currencies pause amid uncertainty over US efforts to end Iran war | The Express Tribune

Published

on

Currencies pause amid uncertainty over US efforts to end Iran war | The Express Tribune


Fed hike odds jump to 26% from 70% cut probability week ago as Middle East war fuels inflation fears

A picture showing $100 bills. SOURCE: REUTERS

Currency markets took a breather on Wednesday, with traders cautious over United States President Donald Trump’s efforts to bring an end to the war with Iran. While Trump told reporters at the White House the US was making progress in talks with Iran, Tehran denied that direct negotiations had taken place, keeping investors on edge.

The US dollar index, which measures the greenback’s strength against a basket of six currencies, was last 0.13% higher at 99.317, with the euro little changed at $1.1603. The British pound was 0.16% weaker at $1.3388 as data showed that British consumer price inflation held at an annual rate of 3.0% in February, unchanged from January’s rate. However, inflation is broadly expected to pick up as the war in the Middle East pushes up prices.

The subdued volatility contrasted with a pickup in equities and a fall in crude oil prices after Trump said on Tuesday the US was making progress in its efforts to negotiate an end to the war.

Read: Trump approval sinks to 36% as fuel prices surge amid Iran war

“For those reacting to every breaking headline around dialogue between the US and its allies and Iran, including speculation of high-level talks and temporary ceasefire proposals, an element of fatigue is now firmly setting in,” said Chris Weston, head of research at Pepperstone Group Ltd in Melbourne.

Against the yen, the US dollar was up a slight 0.2% at 158.99, after the release of minutes from the Bank of Japan’s January policy meeting showed many board members saw the need to keep raising interest rates without any specific pace in mind. The Australian dollar weakened 0.33% to $0.697 after the release of inflation data for February, which showed a 3.7% rise prior to the start of the US-Israeli war with Iran, a slightly slower pace than expected by analysts.

Although markets still anticipate no change in US interest rates this year, expectations of policy tightening are rising. Fed funds futures now imply a 26.1% chance of a 25-basis-point hike at the Federal Reserve’s December meeting, compared to a 69.5% probability of a cut a week ago, according to CME Group’s FedWatch tool.

Read More: Global shares skid as oil surge threatens inflation shock

The Fed may need to keep interest rates steady “for some time” before further cuts are warranted, Fed Governor Michael Barr said on Tuesday, noting continued inflation above the Fed’s 2% target and the risks posed by the conflict in the Middle East.

Bond markets rebounded after a volatile week, with the yield on the US 10-year Treasury bond down 3.4 basis points at 4.356%. “Higher oil prices added to expectations of increasing inflationary pressures and tighter monetary policy,” analysts from Westpac wrote.

In cryptocurrencies, bitcoin climbed 1.6% to $71,202.33, while ether was up 1.2% at $2,174.14.



Source link

Continue Reading

Trending