Continental is further expanding its non-tyre activities through the acquisition of a minority stake in German-US start-up Recogni. The investment took place as part of the US$48.9 million Series B financing round announced by Recogni on 17 February. Both companies have agreed not to disclose the amount of the holding.
Yokohama Rubber reports it has developed a system that utilises artificial intelligence to predict the physical properties of rubber compounds, and from this breakthrough that it achieved last December has produced a proprietary system that is already being used to design rubber compounds for Yokohama tyres. The manufacturer expects that the system’s ability to conduct a large number of virtual experiments will accelerate compound development, reduce development costs and lead to the development of better-performing products. In addition, the system will simplify the compound-creation process for less-experienced engineers.
While 46 per cent of the global population is still without internet access, the Covid-19 pandemic has demonstrated the effectiveness of digital technologies. And specifically companies such as Pirelli are now better prepared for a possible second wave of Covid-19 because of the digital technologies they have deployed. Pier Paolo Tamma, SVP and Chief Digital Officer of Pirelli and Dr John O’Shea of Dell Technologies shared their views at the Global Manufacturing and Industrialisation Summit’s Virtual Edition on 8 July 2020.