Actionable insights straight to your inbox

logo_equities.svg

Bosch and Microsoft To Develop Cloud-Integrated Software Platform for Vehicles

The platform will be based on Microsoft's Azure and will include software modules from Bosch.

Image source: Bosch

BERLIN (Reuters) – Bosch will work with Microsoft on a software platform for vehicles, it said on Thursday, as it strives to get a foot in the door to the fast-growing market for electromobility and automated driving technologies.

By using cloud technology, the software platform will ensure that vehicles’ control units and computers can get software throughout their life time, the German auto supplier said.

The technology is based on Microsoft Azure and includes software modules from Bosch, it said, adding that they plan to use the software platform in vehicle prototypes by the end of 2021.

“We are thus creating the conditions for wireless updates to work just as smoothly and conveniently on vehicles as they do on smartphones,” said Bosch Managing Director Markus Heyn.

The companies will also cooperate to adapt existing software tools to let automakers and suppliers to simplify and accelerate their own software updates.

Last week, German carmaker Volkswagen AG announced a similar cooperation with Microsoft to use its cloud computing services to help it streamline its software development efforts for self-driving cars.

Reporting by Riham Alkousaa, editing by Thomas Escritt.

_____

Source: Reuters

Many people think of position size in terms of how many shares they own of a particular stock. But it’s much smarter to think of it in terms of what percentage of your total capital is in a particular stock.