Tesla confirmed the Model X driver who died in a crash a week ago was using Autopilot and defended the safety record of its driver-assistance system that is back under scrutiny following a fatality.
Computer logs recovered from the Tesla driven by Wei Huang, 38, show he did not have his hands on the steering wheel for six seconds before the 4x4 collided with a highway barrier in California and caught fire on March 23, according to a blog post the company published.
“The driver had received several visual and one audible hands-on warning earlier in the drive,” Tesla said in the post. The driver had “about five seconds and 150 metres of unobstructed view” of the concrete highway divider and an already-crushed crash cushion that his Model X collided with, according to the company. “But the vehicle logs show that no action was taken.”
The collision occurred days after an Uber Technologies self-driving test vehicle killed a pedestrian in Arizona, the most significant incident involving autonomous-driving technology since a Tesla driver’s death in May 2016 touched off months of finger-pointing and set back the company’s Autopilot program. A US transportation safety regulator said on Tuesday it would investigate the Model X crash, contributing to Tesla’s loss of more than $5 billion in market value last week.
“This is another potential illustration of the mushy middle of automation,” said Bryant Walker Smith, a University of South Carolina law professor who studies self-driving cars. Partial automation systems such as Tesla’s Autopilot “work unless and until they don’t” and there will be speculation and research about their safety, he said.
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Read more
Uber settles with family of victim in fatal self-driving car crash
Tesla shares plummet after fatal Model X crash in California
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Tesla defended Autopilot in the blog post, saying a vehicle equipped with the system is 3.7 times less likely to be involved in a fatal accident. US statistics show one automotive fatality every 86 million miles driven by all vehicles, compared with 320 million miles in vehicles equipped with Autopilot, according to the company.
“None of this changes how devastating an event like this is or how much we feel for our customer’s family and friends,” Tesla wrote, pushing back against criticism that it lacked empathy for bringing up safety statistics to counter scrutiny of Autopilot. “We must also care about people now and in the future whose lives may be saved if they know that Autopilot improves safety.”
Tesla has introduced driver-assistance features through Autopilot that the company continuously improves by over-the-air software updates. While the company said as of October 2016 that it was building all of its cars with hardware needed for full self-driving capability, it has not said when its vehicles will clear testing and regulatory hurdles necessary to drive without human involvement.
The US National Transportation Safety Board sent investigators to look into the March crash. The agency and the National Highway Traffic Safety Administration also are examining a January 22 collision in Los Angeles involving a Tesla Model S using Autopilot that crashed into a fire engine parked on the motorway.
The NTSB concluded in September that Autopilot's design was a contributing factor in the 2016 fatal crash in Florida involving a Model S driver who had been using the system and collided with an articulated lorry. The agency criticised Autopilot for giving "far too much leeway to the driver to divert his attention to something other than driving".
In the wake of that crash, Tesla has said Autopilot stopped allowing drivers to ignore repeated warnings to keep their hands on the wheel.
While the NTSB also was critical of systems that only monitor steering wheel movement and don’t measure whether drivers are looking at the road, Tesla has not adopted or enabled driver-facing scanners that can monitor whether eyes are looking ahead toward the road.
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Brief scores:
Manchester City 2
Gundogan 27', De Bruyne 85'
Crystal Palace 3
Schlupp 33', Townsend 35', Milivojevic 51' (pen)
Man of the Match: Andros Townsend (Crystal Palace)
If you go
The flights
The closest international airport for those travelling from the UAE is Denver, Colorado. British Airways (www.ba.com) flies from the UAE via London from Dh3,700 return, including taxes. From there, transfers can be arranged to the ranch or it’s a seven-hour drive. Alternatively, take an internal flight to the counties of Cody, Casper, or Billings
The stay
Red Reflet offers a series of packages, with prices varying depending on season. All meals and activities are included, with prices starting from US$2,218 (Dh7,150) per person for a minimum stay of three nights, including taxes. For more information, visit red-reflet-ranch.net.
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
Banned items
Dubai Police has also issued a list of banned items at the ground on Sunday. These include:
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Paris%20Agreement
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THE SPECS
Engine: 6.75-litre twin-turbocharged V12 petrol engine
Power: 420kW
Torque: 780Nm
Transmission: 8-speed automatic
Price: From Dh1,350,000
On sale: Available for preorder now
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'C'mon C'mon'
Director:Mike Mills
Stars:Joaquin Phoenix, Gaby Hoffmann, Woody Norman
Rating: 4/5
Company%20Profile
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Company profile
Company: Eighty6
Date started: October 2021
Founders: Abdul Kader Saadi and Anwar Nusseibeh
Based: Dubai, UAE
Sector: Hospitality
Size: 25 employees
Funding stage: Pre-series A
Investment: $1 million
Investors: Seed funding, angel investors
Company%20profile
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SNAPSHOT
While Huawei did launch the first smartphone with a 50MP image sensor in its P40 series in 2020, Oppo in 2014 introduced the Find 7, which was capable of taking 50MP images: this was done using a combination of a 13MP sensor and software that resulted in shots seemingly taken from a 50MP camera.
COMPANY PROFILE
Name: Lamsa
Founder: Badr Ward
Launched: 2014
Employees: 60
Based: Abu Dhabi
Sector: EdTech
Funding to date: $15 million
Disclaimer
Director: Alfonso Cuaron
Stars: Cate Blanchett, Kevin Kline, Lesley Manville
Rating: 4/5
SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20Z%20FOLD%204
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The specs: 2019 BMW X4
Price, base / as tested: Dh276,675 / Dh346,800
Engine: 3.0-litre turbocharged in-line six-cylinder
Transmission: Eight-speed automatic
Power: 354hp @ 5,500rpm
Torque: 500Nm @ 1,550rpm
Fuel economy, combined: 9.0L / 100km
Asia%20Cup%202022
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Volvo ES90 Specs
Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)
Power: 333hp, 449hp, 680hp
Torque: 480Nm, 670Nm, 870Nm
On sale: Later in 2025 or early 2026, depending on region
Price: Exact regional pricing TBA
The specs
Engine: 3-litre twin-turbo V6
Power: 400hp
Torque: 475Nm
Transmission: 9-speed automatic
Price: From Dh215,900
On sale: Now
No%20Windmills%20in%20Basra
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AWARDS
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