Ford has applied for a patent for a technology that lets vehicles repossess, or repo, themselves.
If owners ignore warnings about missed payments, the system would start disabling itself, starting with features such as GPS, air conditioning, cruise control, and the radio. Then it could make loud and irritating sounds when the driver is present, and finally it would lock the owner out of hte car.
If the owner still doesn't act, the vehicle could drive itself to a spot for a tow truck to pick it up.
The company told NPR it has no plans to roll this out anytime soon. It's also worth noting that Ford doesn't have autonomous vehicles yet, and that submitting patents is a part of the normal course of business.
The Energy Department is making a push to strengthen the U.S. battery supply chain, announcing up to $3.5 billion for companies that produce batteries and the critical minerals that go into them.
Ed Egilinsky, managing director and head of sales and distribution & alternatives with Direxion, joined Cheddar News to discuss how bond traders are reacting to the latest consumer price index data and how they're positioning portfolios ahead of next week's release of Nvidia's earnings. Egilinsky also discussed some of the other bigger-cap companies, including Alphabet, Amazon and Apple.
Facebook and Instagram will require political ads running on their platforms to disclose if they were created using artificial intelligence, their parent company announced on Wednesday.
