GM on Monday unveiled a new electronic platform for future vehicles — essentially giving them a transplant of the brain and central nervous system — that will power advanced self-driving features and enable future software updates like smartphones.

Why it matters: As cars become more advanced, their electrical systems are rapidly reaching their limits. GM's new digital vehicle platform, with 5 times more processing speed than today's systems, will power smarter, electric vehicles that can improve over time, similar to what Tesla is already doing.

The big picture: Legacy carmakers are burdened by older electronic architectures that have gotten more complex with every new feature that is added. Tesla, which has only been building cars for a decade, started from a clean sheet with future capabilities in mind.

  • GM's new digital platform goes into production later this year on the 2020 Cadillac CT5 sedan, and will be rolled out to most of its global vehicles by 2023.
  • The technology powers an electronic system is capable of managing up to 4.5 terabytes of data processing power per hour, and will improve communications thanks to faster Ethernet connections.
  • It will have cybersecurity benefits as well.

What they're saying: “The critical role of software and its importance to our vehicles, both now and for years to come, cannot be overstated,” said GM President Mark Reuss. “Our new digital vehicle platform and its eventual successors will underpin all our future innovations across a wide range of technological advancements, including EVs and expanded automated driving.”

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Updated 16 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 10 a.m. ET: 10,902,347 — Total deaths: 521,940 — Total recoveries — 5,777,662Map.
  2. U.S.: Total confirmed cases as of 10 a.m. ET: 2,739,879 — Total deaths: 128,740 — Total recoveries: 781,970 — Total tested: 33,462,181Map.
  3. Public health: The states where face coverings are mandatory Regeneron stops trial after drug fails to help patientsWhat we know about the coronavirus immune response — Fauci says it has been a "very disturbing week" for the spread of the coronavirus in the U.S.
  4. Business: Top business leaders urge the White House to develop mandatory mask guidelines.
  5. Politics: Herman Cain hospitalized for COVID-19 after attending Trump Tulsa rally — Biden downplays jobs number, rebukes Trump for ignoring health crisis.
  6. Economy: The economy may recover just quickly enough to kill political interest in more stimulus.
  7. States: Texas mandates face masks in public spaces Florida reports more than 10,000 new coronavirus cases, and its most-infected county issues curfew.

Markets swell as the economy shrinks

Illustration: Eniola Odetunde/Axios

The economy is sputtering, but the markets are thriving — a highly unusual event that shows how the coronavirus has thrown all bets off.

Why it matters: The disconnect adds to the wealth gap. The richest 10% of households — who own 84% of stocks — are getting richer, while millions of out-of-work Americans cross their fingers that pandemic unemployment benefits will be extended.

13 hours ago - Health

Fauci: Coronavirus surges mark a "very disturbing week" in the U.S.

Fauci testifies to the Senate Health, Education, Labor and Pensions Committee on June 30. Photo: Al Drago/AFP via Getty Images

NIAID director Anthony Fauci told medical journal JAMA on Thursday that it has been a "very disturbing week" for the spread of the novel coronavirus in the U.S.

What's happening: The number of coronavirus cases increased in the vast majority of states over the last week, and decreased in only two states plus the District of Columbia, Axios' Caitlin Owens reports.