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Chat in GPT one year later
A year after its launch, OpenAI’s ChatGPT introduced a public verbal exchange on the effects of AI. But what does this mean for companies? ChatGPT will celebrate the one-year anniversary of its launch at the end of November, a moment that many see as a turning point for synthetic intelligence (AI) to leave the realm of fiction and enter the mainstream. The popularity of OpenAI’s Generative AI (GenAI) chatbot cannot be overstated. Four days after its launch on November 30, 2022, the site set the record for the fastest registration of one million users. Since then, ChatGPT has grown into something much bigger than it was when it was released. Constant updates to its AI model, most recently the release of GPT-4 Turbo, have taken the tool from one used by users to write dumb rap songs to one used by 92% of Fortune 500 corporations. The ChatGPT Enterprise’s launch in August, designed exclusively for enterprise and professional users, solidified the tool’s impact within the industry while also offering an additional revenue stream for the company. OpenAI’s launch of traditional GPTs in November, which allow anyone to create their own versions of the verbal exchange AI system, means there will soon be an infinite number of traditional GenAI chatbots. Tech corporations like Google and Meta have strived to remain applicable in the GenAI area since the launch of ChatGPT. Google temporarily launched its chatbot in March, after making a public mistake during a protest in February.
Japan Mobility Overview
The Tokyo Motor Show returned this year with a new look and was renamed the Japan Mobility Show. This year’s theme is “The Future of Automotive,” and it gives automakers and OEMs extensive context for their concepts on tomorrow’s automotive trends. When the exhibit was first introduced in 1954 at Tokyo’s Hibiya Park, being able to buy a car was a “dream” for Japanese consumers. At this year’s exhibition, many Japanese automakers showcased their creations and concepts.
Sales in China
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Despite concerns such as the economic slowdown, the Chinese vehicle market remains dynamic. New vehicle sales rose 14% to 2. 853 million units in October 2023, compared with 2. 505 million units in the same month last year, according to total passenger vehicle and advertising vehicle sales data released via of the China Association of Automobile Manufacturers (CAAM). The vehicle market continued to grow in October, helped by major new style launches in recent months, as well as competitive promotional campaigns and significant discounts by automakers. China’s recovery from the Covid pandemic has been slow so far despite significant government economic stimulus measures, with GDP expanding just 5. 2% in the first nine months of the year, after slowing to 3. % in 2022 total. Manufacturing and exports remain weak, while the real estate sector struggles to recover from some large-scale bankruptcies. The vehicle market in the first ten months of the year increased by almost 9% to 23. 97 million units, compared with 21. 98 million in the same period last year, sales of passenger vehicles increased by 7. 5 % to 20. 66 million units, while sales of Advertising Vehicles increased by 20% to 3. 31 million devices.
Car Sales on Amazon
American e-commerce giant Amazon announced at the Los Angeles Auto Show that it plans to sell new cars online in the U. S. starting next year, starting with Hyundai. In a joint announcement, the two corporations said they had established a wide-ranging strategic agreement “to deliver new cutting-edge reporting to clients. “Customers will soon be able to purchase a Hyundai model, as well as device options, on Amazon’s platform and will have the option to pick it up at their nearest dealership or have it delivered to their home. Hyundai also selected Amazon Web Services (AWS) as its favorite cloud provider to “facilitate its virtual transformation” and will offer Alexa built into its upcoming cars.
GM Shuts Down Tesla Supplier
General Motors acquired Tooling
Is the Britishvolt ending?
The Australian owner of bankrupt car battery company Britishvolt is reportedly facing legal action from a former worker for unpaid wages, which could lead to the company’s liquidation. Recharge Industries, which bought Britishvolt’s business and assets after it went bankrupt this year, has been served with a legal summons to pay unpaid wages, The Guardian reported, citing the Financial Times. The company has 21 days to pay the amount owed, otherwise the former worker has the right to file a lawsuit and file an opposing bankruptcy proceeding. to Recharge Industries, the newspaper reports.
Has Tata Auto been hit?
Much of the Port Talbot steelworks in Wales will remain closed or mothballed for years and would leave the plant and its few remaining staff dependent on imported metal, under proposals being considered through owner Tata Steel. According to The Guardian, Tata Steel has informed union representatives of the proposals but has not yet announced a final decision. Workers were left in limbo two weeks ago after the company’s board of directors in India withdrew an announcement about its plans for the plant at the last minute. The Port Talbot closures may only have a knock-on effect, unions fear, forcing Tata’s auto metal plant at Llanwern, near Newport, to close its doors, leading to the loss of an additional six hundred jobs. .
Porsche Update
Porsche modernises its major plant in Stuttgart-Zuffenhausen with refurbishments and expansions. The next-generation 718 electric models will be produced on the same assembly line as the ICE versions. The automaker will invest €250 million in these works.
electric axles for Hyundai
Vitesco Technologies has opened a new 2,800 m2 production area at its Icheon electronics plant to produce the EMR4 (Electronics Motor Reduction) electric shaft drive. The first parts of the new line will be used to verify the robustness of the original product samples by testing the production parts. This phase will last approximately six months and Hyundai will also integrate new parts of Icheon diversity into pre-production cars for validation. Full mass production at the Icheon site is expected to begin until 2024. The new line has a capacity of more than 200,000 EMR4 units per year.
Diesel share in Europe
The underlying share of diesel in the Western European car market is falling (albeit very slowly) and was rising in October. Diesel’s share reached a provisional 14. 6% of new car sales in the region in October (up from September), a figure that is unlikely to replace much, if ever, once that knowledge of some lacking markets is received. This is a slight increase compared to the 14. 2% shown in September. Year-to-date, this figure has decreased from 16. 2% in September to 16. 1% in October and is expected to be in line with our full-year forecast of 15. 8%. The year-on-year decline remains modest, between 2 and 3 percent. emissions (pp), that is, an average of precisely 3. 0 pp so far this year. To date in 2023, among the largest markets, France remains the one that has declined the most, with the share of diesel down 6. 7 percentage points, while Germany has only seen a drop of 0. 5 percentage points , from 25. 3% at this time in 2022 to 24. 8. % in October of this year. The scenario is well reflected in the volume analysis: the drop of 60,000 devices in France since the beginning of the year is fully offset by the increase in sales in Germany of the same amount so far. Overall, the diesel market in the first ten months of the year was only 19,000 units less than in 2022, with 1. 55 million diesel cars sold compared to 1. 57 million in October 2022. Germany has not been the only country which has increased its diesel sales. so far this year. Italy achieved the same feat, as did Austria and Ireland (the latter two to a small extent).
New Recycling Technology
SK Ecoplant, a unit of South Korean energy and chemicals conglomerate SK Group, has announced that it has developed four key recycling technologies for electric vehicle (EV) batteries that it says help maximize recovery rates while speeding up processes. curtain recovery. The structural engineering and waste control company said a newly evolved generation is helping the functionality of solvents used in the separation and recovery of minerals such as nickel and cobalt. The company claims to have achieved a 97% nickel and cobalt recovery rate from waste. batteries, which it claims is the highest recovery rate achieved in the industry employing solvent extraction methods, while the purity of the materials was 99. 9%. The company said it can also produce lithium hydroxide from used batteries to recycle it into the production of new batteries for electric vehicles.
Global on the Rise
According to GlobalData, the global light-duty vehicle market increased by 11% in October. While expansion in the EE. UU. se was affected by the UAW’s measures through October, other key markets saw double-digit expansion, this was partly due to the fact that 2022 provides a weak base for comparison. Chinese (wholesale) sales rose 10. 7% year-on-year, driven by strong exports but also supported by the burgeoning domestic market. October’s global light-duty vehicle (LV) sales rate was broadly in line with September’s upwardly adjusted figure of 94 million units/year. On a year-over-year basis, the market is up about 11% last month and more than 10% year-to-date.
GWM Smart Technology
Chinese SUV manufacturer Great Wall Motor (GWM) has announced a new partnership with local social media company Douyin Group to help it with its smart connected vehicle strategy. Douyin is known as a leading platform for short videos. The two plan to collaborate on the progreso. de smart cockpits for new cars by employing foce in nine key generation areas, adding smart driving, in-car features, deep insight and cloud infrastructure. GWM, founded in Baoding, Hebei province, said the two also plan to build large-scale models of next-generation “smart” vehicle interiors that can solve disruptions by employing intelligent virtual assistants.
Electric Cars Drive Less
A study by researchers at George Washington University (GW) suggests that the emission reductions from electric vehicles (EVs) may be overestimated. The assumption among modelers and regulators such as the U. S. Environmental Protection Agency is that there is no such thing as the U. S. Environmental Protection Agency (EPA). The U. S. Centers for Disease Control and Prevention (EPA) is that EV owners drive about the same amount. miles on their cars as owners of ICE vehicles. The Quantifying Electric Vehicle Mileage study in the U. S. They found that battery-electric cars (BEVs) drove about 4,500 fewer miles per year than ICE cars.
Valeo for Mahindra
Valeo has been selected through Mahindra
BYD Hungary factory?
BYD Auto is expected to announce plans to build a new electric and hybrid vehicle plant in Hungary in the coming weeks, according to local reports citing a corporate official. The automaker already has a plant in Komarom, Hungary, that produces battery-powered buses. Reports in China recommend that BYD chairman Wang Chuanfu meet with Hungarian Prime Minister Viktor Orban on a recent stopover in the country.
Have a weekend.
Graeme Roberts, Associate Editor, Just Auto
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