Close
Foresight Autonomous Holdings Ltd. has entered a strategic collaboration with South Korean companies 7meerkat and KONEC to develop AI-powered smart parking solutions. This partnership aims to enhance urban parking efficiency and user experience through advanced 3D perception technology. The collaboration will focus on automated parking systems, vehicle identification, and monitoring vehicle conditions.
The agreement follows a successful proof-of-concept project that demonstrated Foresight's technology in challenging conditions. By integrating Foresight's 3D perception technology with 7meerkat's systems, the collaboration seeks to finalize a commercial agreement by early 2025. This initiative represents a significant step towards smarter urban mobility solutions.
• Collaboration aims to enhance urban parking with AI-driven solutions.
• Integration of 3D perception technology for smarter vehicle identification.
AI-powered solutions are designed to improve efficiency and user experience in urban parking.
3D perception technology enables precise analysis of vehicle data and environmental conditions.
Automated parking systems utilize AI for vehicle identification and management.
Foresight develops advanced 3D perception systems that enhance vehicle detection and safety.
7meerkat specializes in next-generation parking management systems focusing on AI-driven capabilities.
KONEC is a Tier-One automotive supplier that integrates AI in manufacturing eco-friendly vehicle parts.
Business Insider 15month
KHOU-TV Houston on MSN.com 12month
Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
How to level up your teaching with AI. Discover how to use clones and GPTs in your classroom—personalized AI teaching is the future.
Trump's Third Term? AI already knows how this can be done. A study shows how OpenAI, Grok, DeepSeek & Google outline ways to dismantle U.S. democracy.
Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
Log in
Sign Up
AI Tools - Popular
AI Tools - Categories
GPTs - Categories
AI for Jobs
Key AI Highlights in this Article
Key AI Terms Mentioned in this Article
Companies Mentioned in this Article
