Pony.ai, a Chinese autonomous vehicle company valued at $8.5 billion as of late, has sued two former employees over alleged trade secret infringement. The lawsuit is arriving months after Frank (Zhenhao) Pan and Youhan Sun, two former technical leaders at Pony’s autonomous trucking business in the U.S., resigned to start a competitor called Qingtian Truck.… Continue reading Toyota-backed robotaxi unicorn Pony.ai sues ex-employees over trade secrets
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Lyft assured no layoffs were coming — now employees are scrambling for their next gig
The day before Lyft shut down its in-house rental service and laid off close to 60 employees, the team in charge of the program was consumed by what they thought was a much bigger problem. Throughout June, the rentals team had attempted to get the service up and running in New York without success. The… Continue reading Lyft assured no layoffs were coming — now employees are scrambling for their next gig
This startup just raised $320M to make long-term care inside hospitals obsolete
Cera, a U.K. provider of healthcare inside people’s homes augmented by a platform that allows carers to monitor a patient’s health and potentially flag problems, has raised $320 million (£260 million) in an equity and debt financing round, split roughly 50/50. The equity side of the funding round was led by Cera’s existing investor Kairos… Continue reading This startup just raised $320M to make long-term care inside hospitals obsolete
Lucid Motors slashes EV production targets again as supply chain problems persist
EV automaker Lucid Motors slashed its annual production guidance in half on Wednesday due to what CEO and CTO Peter Rawlinson described as “extraordinary supply chain and logistics challenges.” Shares of Lucid fell more than 12% in after-market trading following the release of its second-quarter earnings, in which it provided the production guidance. Lucid lowered… Continue reading Lucid Motors slashes EV production targets again as supply chain problems persist
Daily Crunch: Unknown hacker drains millions of dollars from thousands of Solana hot wallets
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Christine is back from a week of making the world a better place, and now she’s here to help make this a better newsletter as well. Huzzah! — Christine and Haje The… Continue reading Daily Crunch: Unknown hacker drains millions of dollars from thousands of Solana hot wallets
GM is expanding its hands-free Super Cruise system to 400,000 miles of roads
GM will soon allow drivers to use Super Cruise on more than 400,000 miles of roads in the U.S. and Canada, doubling access to its hands-free driver assistance system as it pushes to keep apace of its rivals. Drivers with vehicles equipped with Super Cruise today can only use the system on about 200,000 miles… Continue reading GM is expanding its hands-free Super Cruise system to 400,000 miles of roads
Uber tie-up with Omio adds train & coach booking to app — starting with UK
Uber is testing adding train and coach travel to its app in the UK so customers can book longer distance ground travel via a fully integrated tie-up with Berlin-based multimodal travel platform, Omio. The latter has built up its own consumer facing apps for booking intercity and international travel, across a wide variety of supported… Continue reading Uber tie-up with Omio adds train & coach booking to app — starting with UK
Uber’s ride with Indian food delivery firm Zomato comes to an end
Uber’s ride with Zomato has concluded. The ride-hailing firm sold its 7.8% stake in the lossmaking food delivery firm on Wednesday for over $390 million, a person familiar with the matter said, becoming the latest large institutional investor to exit the Indian firm. The U.S. firm, which reported a net loss of $2.6 billion for… Continue reading Uber’s ride with Indian food delivery firm Zomato comes to an end
TuSimple addresses autonomous truck crash during Q2 earnings call
Autonomous trucking company TuSimple used its second-quarter earnings call to address an April crash during which one of the company’s autonomous trucks suddenly veered across the I-10 highway in Tuscon, slamming into a concrete barricade. The crash first came to light via a YouTube video that showed footage of the crash along with a letter… Continue reading TuSimple addresses autonomous truck crash during Q2 earnings call
Hear how to accelerate slow-moving industries on TechCrunch Live
Dan Lewis launched Convoy in 2015 into an established industry dominated by several legacy businesses. Now worth $3.8 billion, the company is a leader in bringing digital services to trucking and freight. We’re thrilled to have him on TechCrunch Live this week, along with Chris Howard, founding partner at Fuel Capital, which invested in Convoy’s… Continue reading Hear how to accelerate slow-moving industries on TechCrunch Live