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Google, Volkswagen partner on smartphone AI assistant
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SAN FRANCISCO - Alphabet’s Google is providing key capabilities for an artificial intelligence assistant for Volkswagen drivers in a smartphone app, part of Google's strategy to win business by offering tools to build enterprise AI applications.
Consumers can ask Volkswagen's in-app assistant questions like “How do I change a flat tire?” or point their phone cameras at vehicle dashboards to receive relevant information.
Cloud computing is a growing business segment for Google, accounting for $33 billion of the firm's $307 billion in overall revenue in 2023.
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Google Cloud CEO Thomas Kurian told Reuters that the product required overcoming technical hurdles to multimodality, the ability to process different data types such as text, images and videos.
"The problem looks superficially simple, but it’s technically very complex,” Kurian said. “Most people think what we built is a speech-to-text translation system that then looks up a manual. Absolutely not.”
The AI assistant is free and available to about 120,000 owners of Volkswagen’s Atlas and Atlas Cross Sport models. It will roll out by early next year to other cars from model year 2020 and later.
Corporate adoption of generative AI could alter the lucrative cloud computing market, where Google places third in terms of market share behind Amazon and Microsoft. Most companies are still searching for applications that users will find practical.
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"With CCP, transactions in (the) money market will be more efficient and transaction volumes will be higher," Donny Hutabarat, head of the central bank's Financial Market Development Department, told a media briefing.
He said the current setting of market prices was not efficient because big banks tend to make transactions with other big banks.
Domestic Non-Deliverable Forwards (DNDF) will be among the first instruments facilitated by the CCP and over the next five years, starting in 2025, the clearing house will also begin transactions for repo, interest rate swaps and overnight indexed swaps, Hutabarat said.
Non-banks are expected to participate starting in 2026.
