That's right. With SoftBank's (SFTBY) collaboration, Honda cars may now be able to keep drivers company on those long, boring trips. According to SoftBank's Masayoshi Son, the founder's son, the vehicles will also be able to read drivers' emotions.
Now SoftBank's acquisition of ARM Holdings (ARMH) for $32 billion makes more sense, considering a large reason behind its purchase was the chipmaker's potential in the Internet of Things market.
Son seemed pretty excited about the prospects of a talking car. The vehicles could potentially offer advice and support to drivers -- such as when they're parking -- and all of this would be done with a combination of vehicle sensors and cameras, along with a cloud-based connection.
Maybe it's just me, but I don't see the need here other than to say "We did it!" At times, I suppose, drivers could benefit from some robot-inspired suggestions, but at this rate self-driving cars will likely take over that route.
Honda closed at $26.91 Thursday, up 1.2%.
Smartphone shipments declined in the second quarter of 2016 compared to a year earlier. Overall, shipments dropped 32% to 3.5 million devices from 5.1 million in the same period last year, according to the IDC.
Apple (AAPL) - Get Report is the leader within the category, but the tech titan saw shipments fall from 3.6 million to 1.6 million, largely because the company launched the Apple Watch in the second quarter of 2015. This created a backlog of demand that came flooding to the market when it was introduced.
It will be interesting to see if the year-over-year figures flatten out over the course of 2016 or if they will continue to show such lofty declines.
Apple closed at $99.43 Thursday, down 0.5%.
Overnight, Tesla Motors (TSLA) - Get Report CEO Elon Musk unleashed his Master Plan, Part Deux. So far, investors are greeting the news hesitantly, with many likely wondering how the maestro plans to finance all of the company's ambitious goals.
Without getting too much into the details -- there's plenty of that here -- one concept Musk is focused on is electric buses. But is he already too late?
In the past, Musk has been open to, and even welcoming of competition. He figures that larger recognition of electric vehicles will bode well for Tesla. That makes sense. But Chinese-based automaker BYD already has a leg up on Tesla, producing an electric bus in California of all places.
The company, which happens to be backed by Warren Buffett's Berkshire Hathaway, also just received $450 million from Samsung as well. It's unclear whether this will go towards future automotive R&D or towards ramping up battery production.
But one thing is clear, Tesla will certainly have competition considering that BYD does more than dabble in solar and electric vehicles as well.
Shares of Tesla closed at $220.50 Thursday, down 3.4%.
This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.