CarMax collaborates with UVeye to automate inspections at Wholesale auctions.

Dallas, January 24: CarMax will use UVeye technology to automate vehicle inspections across their wholesale network.

Pritish Bagdi

Courtesy: UVeye official

CARMAX, THE NATION'S LARGEST RETAILER OF USED CARS AND ONE OF THE LARGEST USED-CAR WHOLESALERS, HAS JOINED FORCES WITH UVEYE TO PROVIDE AI-ENHANCED CONDITION REPORTS FOR AUCTION BUYERS.

Since 2021, CarMax has been a strategic investor in UVeye. The companies have been collaborating on new ways to improve used-car auction processes. During the previous fiscal year, CarMax's wholesale division sold over 700,000 vehicles.

Under a licencing agreement with UVeye, CarMax is implementing industry-first inspection technology for its wholesale business operations.

UVeye systems detect issues ranging from worn tyres and sheet metal problems to underbody damage by utilising artificial intelligence, machine learning, sensor fusion, and high-speed camera systems.

In 2020, CarMax will move its auction sales online. In a remote-first world, capturing high-quality imagery is critical to providing buyers with as much information about each vehicle as possible. UVeye systems have already been installed at several wholesale locations, and the company intends to roll out UVeye technology throughout its wholesale business.

CarMax will use UVeye vehicle scans to inspect vehicle exteriors, undercarriage components, and tyres in order to quickly produce online user-friendly reports with high-resolution photos. CarMax's systems will also be able to detect issues such as frame damage, missing parts, and fluid leaks, as well as brake and exhaust-system problems.

“UVeye is on a mission to standardize automated inspection processes throughout the automotive industry. Our program with CarMax represents a significant step towards meeting that goal. It’s a true privilege to have CarMax on this journey with us both as an investor and as a strategic customer. We will continue to work together on providing the best customer experience possible.”

Communiqué by - AMIR HEVER, UVEYE

Co-Founder & CEO

“CarMax’s purpose is to drive integrity by being honest and transparent in every interaction. Our partnership with UVeye allows us to further this mission by providing dealers with highly detailed imagery on auction vehicles online." Communiqué by - DAVE UNICE, CARMAX

#thecommunique #tc #tcn #UVeye #Carmax #future #AI #Digitalfuture #worldnews #lifestyle #metatainment

L'Oréal contributes to a startup in the metaverse Digital Village

Beauty giant L’Oréal has announced a minority investment in metaverse platform and NFT marketplace Digital Village through its venture capital fund, Business Opportunities for L’Oréal Development (BOLD).

Pritish Bagdi

The investment will be the first of its kind by L’Oréal in the metaverse and Web3 space, as well as the first to be part of its recently launched BOLD’s Female Founders initiative.

“As L’Oréal continues to explore and define what beauty means in Web3, we seek to work with the most promising startups who adhere to the highest possible visual and technical standards,” said Camille Kroely, chief metaverse and Web3 officer at L’Oréal, in a release.

Kroely added: “We are excited to be partnering with Digital Village, whose solutions will be powerful enablers for our brands and whose ideals of sustainability, accessibility and interoperability in the metaverse or Web3 are ones we share.”

Launched in 2021, Digital Village is operated by an international team spanning the US, Europe and Asia, offering scalable technology solutions for the creation and interaction of digital identities.

Among its members, it counts founder and CEO Evelyn Mora, who was also behind the creation of Helsinki Fashion Week, as well as top executives from Pangaia and open-world platform The Sandbox.

Speaking on the investment, Mora said: "We are excited to be backed by BOLD and look forward to collaborating with L'Oréal to revolutionise the beauty industry through the creation of cutting-edge virtual experiences for L'Oréal's renowned brands.

“Together, we are setting the bar for beauty in the metaverse and Web3, pushing the boundaries of what is possible and setting a new standard for the industry to follow.”

#thecommunique #tc #tcn #metatainment #loreal #future #NFT #AR #VR

The 30 days countdown to India's first ABB FIA Formula E World Championship has begun!

Mumbai, India, 12 January: On Thursday evening, with 30 days until the ABB FIA Formula E World Championship '2023 Hyderabad E-Prix', Mumbai hosted a "30 days to go countdown" event. On February 11, 2023, this historic racing event will be held near the picturesque Hussain Sagar Lake in Hyderabad for the first time. It is part of a four-year deal that will keep the event in India until 2026.

A total of 11 teams with 22 cars will participate, including notable names like McLaren, Maserati , Porsche, Jaguar, Nissan, and Mahindra Racing.

Swati Bhat

Image Courtesy: Pritish Bagdi

The spectacular "30 Days To Go Countdown" which began with a Ganesh Vandana by the Colors of India was graced by Shri. Eknath Sambhaji Shinde, the Chief Minister of Maharashtra, Shri. Nitin Gadkari, Union Minister of Road Transport and Highways of India, Shri. K.T. Rama Rao, Minister of Municipal Administration and Urban Development of Telangana, and Shri. Anil Kumar Chalamalasetty, Founder, Greenko and Ace Group. The event culminated with a special performance by Dharavi Rocks that focused on sustainability.

"We are very happy to welcome the Formula E team to Mumbai and happy that they chose to celebrate this important milestone here at the Gateway of India," communiqué by Chief Minister Maharashtra Shri Eknath Shinde. He continued, "The arrival of the Formula E World Championship in India has made us all proud. This championship will propel us to a more sustainable future, in keeping with the true spirit of progress."

"The Formula E World Championship coming to Hyderabad and India for the first time ever is a testament to the direction of progress India has taken," said Shri K.T. Rama Rao, Hon'ble Minister of IT, Industries, Municipal Administration & Urban Development, Government of Telangana, at the event. Sustainable mobility is the path to a greener, cleaner future. We are honored to host this international event in Hyderabad and invite all of India to attend."

"Today's Mumbai countdown marks a step towards a momentous event in recognition of an urgent need to decarbonize the economy, including the transport and mobility sector," said Anil Kumar Chalamalasetty, Founder of Greenko Group and Ace Group. In 30 days, India will be at the forefront of electric vehicle racing, hosting its first Formula E race in collaboration with the Government of Telangana and with support from the Government of India. We will accelerate our efforts to ensure that India leads the way in terms of sustainability and decarbonization. I cordially invite you to witness history being made on the streets of Hyderabad on February 11th, 2023."

Ace Nxt Gen is hosting the 2023 Hyderabad E-Prix in collaboration with the Government of Telangana and Formula E. Hyderabad will host Round 4 of the championship's 9th season, which will take place between January and July 2023.

Image Courtesy: Pritish Bagdi

Fans from all over the world have responded enthusiastically to the ticket sales, which began on January 4. The tickets are divided into four categories based on their location on the track: Ace Grandstands, Premium Grandstands, Charged Grandstands, and Grandstands.

A total of 11 teams with 22 cars will participate, including notable names like McLaren, Maserati , Porsche, Jaguar, Nissan, and Mahindra Racing. The introduction of the Gen3 Era Formula E car, known for its top speed of 322kmph and status as the world's fastest, lightest, most powerful, and most efficient electric race car, will be the event's highlight.

Ace Nxt Gen is driven by a commitment to decarbonisation for a cleaner and sustainable future. Starting with the mobility sector, Ace Nxt Gen will weave innovation and technology to make an impact in transitioning energy across the globe.

Ticket prices start at ₹1000 and to book tickets and know more about the event, visit – www.acenxtgen.com or in.bookmyshow.com

Tickets have been divided into four categories based on Vantage points as follows:

1. The Ace Grandstand Tickets (₹10,000)

2. Premium Grandstand Tickets (₹6000)

3. Charged Grandstands (₹3500)

4. Grandstands (₹1000)

Image Courtesy: Ace Nxt Gen official

#thecommunique #tc #tcn #event #automobile #evehicle #future #eprix #FIA #EknathShinde #NitinGadkari #Greenko #India #2023event