Honda Partners with AWS to Develop Software-Defined Vehicles and Enhance EV Charging with Generative AI

Honda, Amazon Collaborate On EV Development With Generative AI And IoT - The 2023 ETF Series Trust II GMO International Value ETF (ARCA:GMOI), Amazon.com (NASDAQ:AMZN)

Collaboration aims to enhance EV features, safety, and convenience with real-time data and over-the-air updates. On Tuesday, Honda Motor Company, Ltd. HMC partnered with Amazon.com, Inc.'s AMZN Amazon Web Services (AWS) to transition its automobiles into software-defined vehicles (SDVs). Using AWS's compute, generative AI, and IoT capabilities, along with its data lake built on AWS, Honda will utilize the Digital Proving Ground (DPG) platform to develop SDVs. This collaboration will help accelerate the delivery of new electric vehicle (EV) features and mobility solutions. Honda is using AWS to accelerate the development of software-defined vehicles (SDVs) through its cloud-based Digital Proving Ground (DPG). The platform collects real-time vehicle data, estimates EV range, tracks energy consumption, and delivers over-the-air updates. By shifting design and testing to the cloud, Honda reduces reliance on physical hardware, cutting costs and speeding up development. AWS IoT services help Honda enhance vehicle safety and autonomy by enabling continuous software updates and predictive maintenance. Additionally, Honda plans to use Amazon Kinesis Video Streams to develop AI-powered video analytics that detect abnormal movements and alert drivers to potential risks. Ozgur Tohumcu, director of Automotive and Manufacturing at AWS said, "Vehicles now function as intelligent, connected platforms on wheels, not just stand-alone machines. Generative AI will help automakers develop new features while bringing new models to consumers faster and more cost-effectively." Investors can gain exposure to the stock via SPDR S&P Kensho Smart Mobility ETF HAIL and The 2023 ETF Series Trust II GMO International Value ETF GMOI. Price Action: HMC shares are down 0.33% at $30.21 premarket at the last check Wednesday. Read Next: Sony Unveils Pricing Of Afeela Electric Vehicle: Here's How Much EV From PlayStation Maker Will Cost Image: Honda Market News and Data brought to you by Benzinga APIs

Honda partners with AWS for software-defined vehicles By Investing.com

SEATTLE - Honda Motor Company (NYSE:HMC) is set to transform its automobile lineup into software-defined vehicles (SDVs) by leveraging Amazon (NASDAQ:AMZN) Web Services (AWS), a division of Amazon (AMZN) which has demonstrated remarkable performance with a 56.71% return over the past year. The collaboration will see Honda utilize AWS's Digital Proving Ground (DPG) platform to expedite the development of new electric vehicle (EV) capabilities and mobility solutions. According to InvestingPro, Amazon maintains a strong market position with over $620 billion in revenue, supporting its cloud infrastructure investments. The DPG platform, built on AWS, will enable Honda to simulate and test new SDV car models in a virtual environment, significantly reducing the need for physical hardware prototypes. This shift is expected to result in faster development timelines and considerable cost savings for the automaker. By integrating AWS's compute, generative AI, and Internet of Things (IoT) services with Honda's data lake on AWS, the company aims to speed up the delivery of software updates and new features to its vehicles. Honda's use of AWS IoT services is set to enhance vehicle quality, safety, and autonomy by facilitating continuous software development and deployment to vehicles on the road. This includes tracking EV battery data and scheduling preventative maintenance. Additionally, Honda plans to utilize Amazon Kinesis Video Streams to develop applications that can analyze and store footage from car cameras, potentially aiding in the detection of abnormal movement outside the vehicle to prevent collisions or damage. In an effort to improve the EV charging experience, Honda is developing a solution that employs AWS generative AI services to direct drivers to optimal charging stations. The solution will take into account the driver's location, battery level, charging speed, fees, and proximity to amenities. This feature is expected to debut in Honda's 0 Series line of EVs, aiming to streamline the charging process with personalized recommendations. To support its cloud-based mobility transition, Honda initiated a joint Expert Builder Initiative with AWS in 2024, focusing on training hybrid talent engineers in cloud technologies, including generative AI, analytics, and IoT. This initiative is designed to foster innovation and enhance the driving experience for Honda customers. Amazon's strong financial health, with a 48.41% gross profit margin, positions AWS as a reliable long-term technology partner. The partnership between Honda and AWS is indicative of the broader shift in the automotive industry towards digitization and the integration of cloud technology to create intelligent, connected vehicles. This information is based on a press release statement from Amazon Web Services. For a comprehensive analysis of Amazon's financial strength and growth potential, including 15 additional ProTips and detailed metrics, visit InvestingPro, where you can access the full Pro Research Report covering Amazon's market position and future outlook. In other recent news, Anthropic, an artificial intelligence startup, is in advanced talks to raise $2 billion, potentially increasing the company's valuation to $60 billion, according to the Wall Street Journal. The funding round is led by Lightspeed Venture Partners, and if successful, the deal would make Anthropic the fifth-most valuable U.S. startup. Amazon, a significant investor in Anthropic, has pledged $4 billion to the startup, which will be converted into equity at the valuation established in the current round. Loop Capital has recently reaffirmed a Buy rating for Amazon, highlighting the strong demand and positive margin outlook for Amazon's key segments, including Amazon Web Services (AWS) and the company's retail operations. Meanwhile, Wolfe Research raised the price target for Amazon, citing AWS growth and automation as key drivers. Wolfe Research expects Amazon Web Services (AWS) to maintain robust and sustainable revenue growth due to increasing demand for AI-based workloads and developments in Anthropic. Amazon has also issued a warrant to Jabil, a manufacturing services firm, allowing Amazon to buy up to 1.16 million shares in the company. Additionally, Amazon is facing a proposed class action lawsuit for allegedly misusing nearly $350 million in forfeited 401(k) funds. The suit claims that Amazon used these funds to offset its own contributions, rather than to reduce administrative fees for over 20,000 participants.

AWS Collaborates with Honda to Realize Honda's Next Generation of Software-Defined Vehicles and Improve EV Charging Experiences with Generative AI

One of the world's largest automakers uses virtual vehicle development environment on AWS to speed delivery of software-defined vehicles and new EV services, while improving energy performance Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), today announced that Honda Motor Company is collaborating with AWS to transition the company's automobiles from hardware-based into software-defined vehicles (SDVs). The Japanese automaker will use its Digital Proving Ground (DPG) platform, a vehicle development environment built on AWS, to help build SDVs. By combining AWS compute, generative artificial intelligence (AI), and Internet of Things (IoT) capabilities with Honda's data lake built on AWS, Honda will accelerate its delivery of new electric vehicle (EV) capabilities and mobility solutions. Digitally-enabled, cloud-connected vehicles provide opportunities for carmakers like Honda to enhance driving experiences and support their efforts to improve safety, security, efficiency, entertainment, and convenience in existing vehicles with over-the-air (OTA) software updates. SDVs also give automakers the ability to personalize each vehicle according to drivers' habits and preferences, as well as perform feature updates that help improve overall capabilities without the need for physical modifications or replacements. Using AWS to accelerate SDV delivery AWS provides Honda with the scalable, cost-effective infrastructure needed to rapidly develop and test new SDV car models. The automaker's cloud-based DPG platform allows Honda to collect data that helps estimate EV driving range, visualizes energy consumption and vehicle performance data, and delivers vehicle software updates. The DPG will help reduce Honda's dependence on physical hardware by enabling automotive engineers to design and test cars in the cloud before they're built, resulting in faster development timelines and significant cost savings. Honda uses AWS IoT services to assist its efforts to improve vehicle quality, safety, and autonomy by helping to provide continuous software development and updates to vehicles on the road. This connectivity helps Honda to collect, transform, and transfer vehicle data to the DPG platform, allowing them to track EV battery data and schedule preventative maintenance. Honda will also use Amazon Kinesis Video Streams, a fully managed service for streaming live video from devices, to help build video processing and analytics applications. This technology under development aims to analyze and store car camera footage, using machine learning to detect abnormal movement outside the vehicle. For example, if implemented, this new feature could alert drivers to take corrective action to help avoid collisions or damage to the vehicle. Using generative AI to improve the EV charging experience Honda is using AWS generative AI services to help develop personalized user experiences. For example, the automaker is developing a new solution that guides EV drivers to optimal charging stations based on current location, remaining battery, charging speed, fees, and proximity to shopping centers. This new AWS IoT Core solution enables secure two-way communication between internet-connected devices and the cloud. The automaker will use Amazon Bedrock, the easiest way to build and scale generative AI applications, to recommend the optimal charging station based on a driver's behavior patterns and preferences. Honda plans to launch this capability in its 0 Series line of EVs, simplifying the search for charging stations and enabling customized charging times, limits, payments, and more. "The automotive industry is undergoing a seismic shift to digitization," said Ozgur Tohumcu, director of Automotive and Manufacturing at AWS. "Vehicles now function as intelligent, connected platforms on wheels, not just stand-alone machines. Generative AI will help automakers develop new features while bringing new models to consumers faster and more cost-effectively. We look forward to collaborating closely with Honda Motor Company to help them realize their vision for safe, high-performing, smart vehicles." Building a cloud-skilled Honda workforce To support its move to cloud-based mobility, Honda established a joint Expert Builder Initiative with AWS in 2024. The program aims to strengthen the skills of hybrid talent engineers (HTEs) proficient in both vehicle software and cloud technologies by providing training in the latest cloud technologies, such as generative AI, analytics, and IoT. This helps Honda employees accelerate ideas from concept to integrated solutions using AWS, further enhancing the experience for Honda drivers. About Amazon Web Services Since 2006, Amazon Web Services has been the world's most comprehensive and broadly adopted cloud. AWS has been continually expanding its services to support virtually any workload, and it now has more than 240 fully featured services for compute, storage, databases, networking, analytics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, media, and application development, deployment, and management from 108 Availability Zones within 34 geographic regions, with announced plans for 18 more Availability Zones and six more AWS Regions in Mexico, New Zealand, the Kingdom of Saudi Arabia, Taiwan, Thailand, and the AWS European Sovereign Cloud. Millions of customers -- including the fastest-growing startups, largest enterprises, and leading government agencies -- trust AWS to power their infrastructure, become more agile, and lower costs. To learn more about AWS, visit aws.amazon.com. About Amazon Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth's Most Customer-Centric Company, Earth's Best Employer, and Earth's Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews.