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JIDU Auto unveils its new V2.0 software: China’s exclusive and global’s unique pure vision intelligent driving

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CHENGDU, China, Aug. 30, 2024 /PRNewswire/ — On August 28, JIDU Auto unveiled its all-new V2.0 software at an AI driving conference themed “Evolution: AI Reshaping Intelligent Driving” in Chengdu. The newly launched software will debut on the JIDU 07 model. Powered by Baidu Apollo’s Level 4 autonomous driving atomic capabilities and safety framework, JIDU Auto has achieved the milestone to offer pure vision technology for advanced intelligent driving, which is China’s exclusive and one of only two such offerings worldwide, maintaining the company’s leading position in the industry.

The V2.0 software is the most significant update for all JIDU Auto models, encompassing over a dozen key modules for up to 947 new features including end-to-end large-scale model smart driving, a large-scale model smart cockpit, and intelligent vehicle connectivity. Following the upgrade from PPA intelligent driving to ASD (Apollo Self Driving), JIDU Auto has taken a major step towards the era of end-to-end large-scale models on its pure vision technology for advanced intelligent driving, positioning the company as the first global smart EV brand to adopt Baidu Apollo ADFM—the Level 4 autonomous driving large-scale model.

“This marks a significant achievement as Level 4 autonomous driving technology is integrated into consumer cars for the first time. Thanks to the deep integration between Baidu’s ADFM and JIDU Auto, this is the world’s first large-scale autonomous driving model supporting fully unmanned driving applications,” said Joe Xia, CEO of JIDU Auto. “Baidu’s 10+ years of continuous R&D in AI and autonomous driving, coupled with investments exceeding RMB150 billion, has been instrumental in maintaining JIDU Auto’s leadership position.”

JIDU Auto’s fully-upgraded ASD: A giant leap in pure vision end-to-end technology

2024 is poised to be a breakthrough year for intelligent driving technology, as it increasingly becomes a key factor for consumers when choosing cars. End-to-end large models utilize two distinct data processing and transmission methods: one-stage and two-stage. Tesla’s one-stage approach prioritizes lossless transmission and direct information processing. However, this method presents challenges like unpredictable outputs, high debugging costs, and difficulties in guaranteeing a consistent minimum performance level. While the two-stage end-to-end model simplifies system design and implementation by processing data in phases, separating perception and decision-making. Each component performs its specific function, making test and maintenance more straightforward. By processing data in segments, it also allows for optimization at each stage, contributing to the overall system’s stability.

Considering safety, user experience, and other factors, JIDU Auto has opted for a two-stage end-to-end approach. While both JIDU Auto’s ASD and Tesla’s FSD are intelligent driving assistance systems based on pure vision technology, ASD is developed in China and has a deeper understanding of Chinese road conditions, which makes ASD a more suitable intelligent driving assistance system for the country’s specific traffic environment.

“Businesses will make their decisions between one-stage and two-stage models based on specific needs, recognizing the tangible benefits that end-to-end models offer. For us, the potential of intelligent driving technology is full of surprises,” said Wang Liang, Chair of Baidu Intelligent Driving Group Technical Committee. “Theoretically, using one-stage model to address the lower bound challenges is more difficult, requiring us to collect an exceptionally large amount of data with fast growth at an exponential rate compared to the two-stage model, as well as manage a large scale model and handle large amount of data.”

With the newly launched V2.0 software, JIDU Auto’s ASD has achieved a breakthrough by combining pure vision with an end-to-end large-scale model, which places ASD a generation ahead of the industry. Leveraging the Level 4 autonomous driving model Apollo ADFM, ASD strikes a balance between safety and generalizability, offering more safety to human drivers and encompasses the entire range of high-speed and complex urban scenarios.

Baidu is a global leader in AI large-scale models and autonomous driving technology, with over a decade of experience in AI and autonomous driving. Its technological capabilities are among the best in the world. Currently, Apollo’s Level 4 autonomous driving has surpassed 100 million kilometers in mileage and has established a high-performance training cluster with over 5.5 EFLOPS of computing power. Based on Joe Xia’s introduction, JIDU Auto will utilize a high-performance computing cluster exceeding 5.5 EFLOPS to enable efficient model training and rapid iteration. Meanwhile, through its “monthly evolution” approach, JIDU Auto will deliver increasingly advanced, intelligent, and safe intelligent driving experiences.

JIDU Auto’s pure vision technology for advanced intelligent driving surpasses mainstream LiDAR technology in perception capabilities. It achieves centimeter-level 3D precision, offering a perception range of up to 250 meters. Remarkably, it can even identify a mineral water bottle at a distance of 200 meters and maintains a recognition accuracy of moving obstacle speeds within 0.1 meters per second. JIDU Auto’s ASD introduces 106 new features and upgrades, including pilot assistance, valet parking, advanced lane keeping, and active safety, enhancing driving, safety, and parking capabilities.

Large-scale model smart cockpit evolves again: industry’s first lip movement recognition

At the press conference, JIDU Auto also unveiled the industry’s first native AI large-scale model cockpit. Built on an all-new native AI architecture, this cockpit redefines core functionalities by incorporating an innovative end-cloud AI agent system. Perception, comprehension, and execution are now model-driven, enabling both rapid local responses and leveraging the cloud’s powerful understanding and decision-making capabilities.

As early as October 2023, SIMO led the way by integrating Baidu’s ERNIE Bot, becoming the world’s first voice assistant powered by AI large-scale model. This enabled control of nearly all vehicle functions, delivering a more human-like and natural interaction. The newly upgraded SIMO 2.0 is even smarter and more human-like, revolutionizing the traditional command-based interaction of voice assistants. SIMO 2.0 boasts capabilities such as exploration, role-playing, and scene modes. It can assume the role of a family tutor, a car expert, or a travel guide, and it supports over 10,000 user-defined scene settings. Integrated with a multi-modal large-scale model, SIMO 2.0 achieved the industry’s first lip movement recognition function. By recognizing the user’s lip movement trajectory, speech recognition accuracy in noisy environments is increased to 90%. With the addition of features such as simultaneous recognition of multiple commands, multi-zone group chats, and voice commands inside and outside the car, it creates a truly immersive and futuristic intelligent cockpit experience.

As a premium intelligent automotive robot brand, JIDU Auto is always at the forefront of AI advancements, setting new standards for the future of AI mobility.

About JIDU Auto

JIDU is a joint-venture between Geely and Baidu. We stand at the forefront of the AI-driven mobility revolution, crafting premium intelligent robocars that integrate Baidu’s advanced AI capabilities, Apollo’s Level 4 autonomous driving technologies, and Geely’s SEA Platform.

With a commitment to innovation, JIDU’s robocars feature leading-edge autonomous driving, smart cabin technology, and digital services designed to redefine the future of mobility.

Our mission is to create revolutionary Robocars, making safer and more efficient mobility experience, so people have more time and space to go further.

 

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Chemours Announces Dates for Third Quarter 2026 Earnings Release and Webcast Conference Call

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WILMINGTON, Del., Oct. 21, 2026 /PRNewswire/ — The Chemours Company (“Chemours” or “the Company”) (NYSE: CC) today announced that the Company expects to issue its third quarter 2026 financial results after market on Monday, November 2, 2026.

The Company expects to hold its conference call to discuss its third quarter 2026 financial results at 8:00 a.m. Eastern Standard Time on Tuesday, November 3, 2026. The call is open to the public and can be accessed via the webcast information below. The webcast and materials can be accessed by visiting the “Events and Presentations” section of the Investor Relations section of Chemours’ website at investors.chemours.com.

Conference Call: Please visit investors.chemours.com for a link to the live webcast and to view the accompanying slides.

Replay: A webcast replay will be available at investors.chemours.com.

About The Chemours Company
The Chemours Company (NYSE: CC) is a global leader in providing industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and advanced electronics, general industrial, and oil and gas. Through our three businesses – Thermal & Specialized Solutions, Titanium Technologies, and Advanced Performance Materials – we deliver application expertise and chemistry-based innovations that solve customers’ biggest challenges. Our flagship products are sold under prominent brands such as Opteon™, Freon™, Ti-Pure™, Nafion™, Teflon™, Viton™, and Krytox™. Headquartered in Wilmington, Delaware and listed on the NYSE under the symbol CC, Chemours has approximately 5,700 employees and 28 manufacturing sites and serves approximately 2,400 customers in approximately 110 countries. For more information, visit chemours.com or follow us on LinkedIn. 

CONTACTS:

INVESTORS
Brandon Ontjes
Vice President, Head of Strategy & Investor Relations
+1.302.773.3300 
investor@chemours.com 

NEWS MEDIA
Cassie Olszewski
Media Relations & Reputation Leader
+1.302.219.7140
media@chemours.com  

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SOURCE The Chemours Company

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AGEDB Announces Preliminary Technical Evaluation of Graph Database and AI Data Platform Opportunities

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VANCOUVER, BC, Oct. 21, 2026 /CNW/ — AGEDB Technology Ltd. (TSXV: AGET) (“AGEDB” or the “Company”) announces that it is evaluating opportunities to re-engage in its historical graph database business area through preliminary architectural design and technical assessment of potential AI data platform applications, following its entry, on September 16, 2026, into a memorandum of understanding (the “MOU”) with a Korea-listed company exploring opportunities to enter the AI sector (the “Korean Company”).

The Company previously disclosed that it had discontinued its graph database management system operations during the year ended April 30, 2025 and was seeking new business opportunities. The Company is now assessing potential opportunities to leverage its existing Apache AGE-related technology and experience. These preliminary evaluations should not be interpreted as a resumption of full-scale development or commercial operations.

Under the MOU, AGEDB and the Korean Company contemplate evaluating an integrated package combining locally installed PostgreSQL and Apache AGE relationship-analysis database technology with an AI agent. The MOU also contemplates a separate “Personal AI Operating System” evaluation track, referred to as “AGE Brain,” for potential use in user-controlled computing environments. The proposed applications remain conceptual and subject to further technical and commercial assessment.

The contemplated preliminary work includes architectural design and technical evaluation of approaches to connecting relational data with graph-based relationships and supporting AI-assisted information retrieval and analysis. The parties may consider proof-of-concept testing and pilot activities, but no timeline or commitment to undertake such activities has been established under the MOU.

The MOU has a one-year term. Except for provisions expressly identified as binding, it is non-binding and does not require either party to complete development, launch or commercialize a product, make an investment, commit personnel, pay development fees, or enter into a definitive commercial agreement. Specific project scope, deliverables, schedules, responsibilities, costs and any commercialization terms remain subject to further discussions and, where applicable, separate written agreements. Each party will bear its own evaluation costs unless otherwise agreed in writing.

The Company’s evaluation remains preliminary. No product launch, commercial revenue or definitive commercialization arrangement has been agreed, and there can be no assurance that the parties will proceed with development, that the proposed platform will be completed or commercialized, or that the Company will obtain the resources required to advance the opportunity.

AGEDB may also explore potential collaborations with AI development companies in Korea and other markets, subject to available resources and further assessment.

AGEDB Technology Ltd.

On behalf of the board of directors,

“Jungsoo Kim”
CEO

About AGEDB Technology Ltd.

AGEDB Technology Ltd. is a technology company listed on the TSX Venture Exchange under the symbol “AGET.” The Company is focused on developing and pursuing opportunities in data intelligence, graph database technology and applied artificial intelligence.

Forward-Looking Information

This news release contains forward-looking information, including statements regarding the Company’s development activities, the proposed AI data platform, potential proof-of-concept and pilot activities, and possible future collaborations and commercialization. Forward-looking information is based on management’s current expectations and assumptions and is subject to risks and uncertainties that could cause actual results to differ materially. The memorandum of understanding is generally non-binding, and there can be no assurance that the parties will proceed with or complete any development, pilot, product launch or commercial arrangement, or that AGEDB will enter into additional collaborations. Readers are cautioned not to place undue reliance on forward-looking information. AGEDB undertakes no obligation to update such information except as required by applicable securities laws.

SOURCE AGEDB Technology Ltd.

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Bose Corporation Acquires Skullcandy, Expanding Its Consumer Audio Portfolio to Reach New Audiences

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Acquisition follows a successful partnership between the two companies and advances Bose’s evolution into a multi-brand products and technology company

FRAMINGHAM, Mass. and PARK CITY, Utah, Oct. 21, 2026 /PRNewswire/ — Bose Corporation, a global leader in audio innovation and research, announced today it has acquired Skullcandy, a lifestyle audio brand known for its bold products that bring together sound, style and performance. Bose and Skullcandy have each spent decades finding new ways to bring people closer to the music they love. Together, they’ll combine Bose’s audio expertise, technology and global reach with Skullcandy’s design, understanding of its consumers and authentic community connections to create new products and experiences and accelerate growth.

The acquisition follows a multi-year partnership that has already brought Sound by Bose technology to Skullcandy earbuds and headphones. The companies have seen firsthand how their strengths can come together to create products consumers love while staying true to what makes Skullcandy special, providing a foundation to accelerate further collaboration and innovation.

With a strong position at the intersection of audio, lifestyle and culture, Skullcandy will remain a separate brand within Bose’s Premium Consumer Audio business. Skullcandy’s deep roots in boardsports, including longstanding relationships with passionate supporters of the culture and its athletes, and authentic connections across music, gaming, fitness and other communities present new ways for Bose to meaningfully connect with consumers where it has less presence today.

“For more than 60 years, Bose has been committed to delivering incredible audio experiences however and wherever people choose to listen. As we work to reach even more people, we’re expanding how we do that, not only through Bose products, but through technology partnerships and a growing portfolio of brands,” said Lila Snyder, Chief Executive Officer of Bose Corporation. “As a privately held company, we have the freedom to make bold, long-term investments in opportunities we believe in, and Skullcandy is a great example of that. They have an established, thriving brand, and together we see tremendous opportunity to create new products and experiences and reach more consumers around the world.”

“We believe this is a win for Skullcandy and our fans,” said Brian Garofalow, Chief Executive Officer of Skullcandy. “Skullcandy was born on a chairlift in Park City, Utah, over 20 years ago, and we’ve always believed great music should be part of the experiences people love. Joining Bose gives us the opportunity to make those experiences even better by bringing more of their audio expertise and technology to our products, and it opens up even more ways to take Skullcandy further.”

Bose plans to invest in Skullcandy’s continued growth, providing greater access to technology, resources, global distribution and commercial relationships while giving the brand the freedom to continue evolving in ways that are authentic to its identity and consumers. Skullcandy will continue to be based in Park City, Utah.

Bose acquired Skullcandy from a fund managed by Mill Road Capital Management LLC, a Connecticut-based private investment firm. Jones Day acted as Bose’s legal counsel. Additional information, including financial and other terms of the transaction, will remain confidential.

About Bose Corporation
Bose Corporation is a global leader in audio innovation, driven by a singular belief: sound has the power to transform the way people connect with the world. For more than 60 years, Bose has combined pioneering research, engineering excellence, and a deep understanding of human perception to create products and technologies that deliver extraordinary experiences. Through its portfolio of iconic brands, including Bose, McIntosh, Sonus faber, and Skullcandy, the company offers premium and luxury audio solutions for the home, on the go, and in the car. Bose also collaborates with leading companies across industries, extending its audio expertise and technologies into new products, platforms, and applications beyond its own brands. 

Guided by a relentless spirit of innovation and a passion for what sound makes possible, Bose continues to advance the science and art of sound while expanding its impact on everyday life. From music and entertainment to communication, wellness, and emerging applications, Bose is creating new ways for people around the world to feel more connected, inspired, and engaged through the power of sound.

About Skullcandy
Founded in 2003 on a chairlift in Park City, Utah, Skullcandy is the original lifestyle audio brand. With deep roots in action sports culture, Skullcandy creates headphones, earbuds, and speakers that deliver powerful sound, bold style, and immersive experiences. Designed to move with you—from the mountains to the streets—Skullcandy gear is built to perform and made to stand out. Learn more at www.Skullcandy.com.

Contact

Joanne Berthaume
Joanne_berthaume@bose.com

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SOURCE Bose Corporation

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