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Many American drivers treat partially automated cars as self-driving

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© Reuters. FILE PHOTO: A Tesla Model S steering wheel is displayed at the Canadian International Auto Show in Toronto, Ontario, Canada, February 13, 2019. REUTERS/Mark Blench

Written by David Shepardson

A new study has revealed that drivers using advanced driver assistance systems such as Tesla (NASDAQ::Autopilot) or General Motors (NYSE::Super Cruise) often treat their cars as fully self-driving despite warnings.

The Insurance Institute for Highway Safety (IIHS), an industry-funded group that urges automakers to make safer cars, said Tuesday that a survey that found regular users of Super Cruise, Nissan/Infiniti ProPILOT Assist and Tesla Autopilot vehicles “said they were more likely to perform Non-driving activities such as eating or texting while using partial automation systems instead of driving unassisted.”

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The IIHS study of 600 active users found that 53% of Super Cruise, 42% of Autopilot, and 12% of ProPILOT Assist owners “say they are comfortable treating their cars as fully self-driving.”

About 40% of Autopilot and Super Cruise users – two systems with locking features for their failure to pay attention – the reported systems had been turned off at some point while driving and would not be reactivated.

“The big picture message here is that early users of these systems still had a poor understanding of

Said David Harkey, president of the Institute of International Health Insurance (IIHS).

The study comes as the National Highway Traffic Safety Administration (NHTSA) scrutinizes autopilot crashes.

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Since 2016, the NHTSA has opened 37 special investigations that have included 18 deaths in Tesla car crashes and where systems such as Autopilot are suspected.

Tesla did not respond to requests for comment. Autopilot doesn’t make vehicles self-driving, Tesla says, and is designed for use with a driver who is fully attentive and ready to take on the task.

It did not immediately comment on GM, which said in August that its owners could use the Super Cruise on 400,000 miles (643,740 km) of North American roads and plans to offer the Super Cruise on 22 models by the end of 2023.

IIHS said Super Cruise ads focus on hands-free capabilities while Autopilot invokes the name used on passenger planes and “indicates that the Tesla system is more capable than it really is.” By contrast, IIHS notes that ProPILOT Assist “indicates that it is an assistance feature, not a replacement for the driver.”

The NHTSA and the automakers say that none of the systems make vehicles autonomous.

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Nissan (OTC:) said its name “clearly conveys ProPILOT Assist as a driver assistance system, and requires hands-on operation. The driver maintains control of the vehicle at all times.”

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MicroStrategy is at its lowest level since 2020 after the sales were revealed

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(Bloomberg) — Shares of MicroStrategy touched their lowest level since August 2020 after the enterprise software company, which in recent years has been known as the largest buyer of bitcoin, revealed its first sale of the token.

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The stock fell 1.1 percent to $136.63 on Thursday, down 75 percent this year. Bitcoin rose less than 1% to around $16,590 and is believed to have fallen 64% since the start of the year.

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In a filing on Wednesday, MicroStrategy said it acquired approximately 2,395 Bitcoin between the beginning of November and December 21 through its subsidiary MacroStrategy, and paid out approximately $42.8 million in cash. It then sold 704 of the tokens on Dec. 22 for a total of about $11.8 million, citing tax purposes, before buying another 810 of them two days later.

Matt Malley, chief market strategist for Miller Tabak + Co. Step down as CEO. This news means they don’t seem to want to do that anytime soon.”

Overall, MicroStrategy held about 132,500 bitcoins worth over $4 billion USD as of December 27th. The company paid an average purchase price of $30,397 per bitcoin.

“Given MicroStrategy’s $2.4 billion in leverage, we believe the company may have a lot of leverage over Bitcoin, and may face some liquidity risk,” Jefferies analyst Brent Thiel wrote in a note on Wednesday. Thill has an “underperform” rating on the stock and a price target of $110.

Over the years of the pandemic, MicroStrategy has become well known for its Bitcoin takeovers, largely led by Saylor. Earlier this year, Saylor stepped down from that role and now serves as CEO at the company and continues to lead its bitcoin strategy.

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MicroStrategy was trading around $120 before Saylor first announced the company’s Bitcoin purchases in 2020. The stock reached an all-time high of $1,315 in February 2021.

(Updates to include the stock’s closing price in the second paragraph.)

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Bankman-Fried May File Petition in New York Federal Court Next Week Before Judge Louis Kaplan By Cointelegraph

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Former FTX CEO Sam Bankman-Fried is set to appear in court on the afternoon of January 3 to enter a lawsuit over two counts of wire fraud and six counts of conspiracy against him related to the collapse of cryptocurrency exchange FTX, according to Reuters. mentioned on December 28, citing court records. Bankman-Fried will appear before District Judge Lewis Kaplan in Manhattan.

Judge Kaplan was appointed to hear the case on December 27 after the original judge in the case, Ronnie Abrams, Resigned herself because of connections between FTX and the law firm Davis Polk & Wardwell, where her husband is a partner. The company provided advisory services to FTX in 2021.