Ride-hailing giant Lyft will start displaying ads in-app, as well as via in-car tablets, rooftops and bikeshare stations. “Lyft has a captive audience throughout their entire ride journey – waiting for their car, matching with their driver, and in ride – and brands can now reach riders in relevant and tailored ways across our suite… Continue reading Lyft takes a page from Uber’s playbook: Ads
Author: Tech Crunch Online News
Uber, Nvidia-backed delivery robot startup Serve Robotics to go public
Serve Robotics, the autonomous sidewalk delivery robot startup that spun out of Uber’s acquisition of Postmates, is going public via a reverse merger with a blank check company. The reverse merger with Patricia Acquisition Corp was completed this month, according to regulatory filings. Ahead of the merger, Serve raised $30 million in a round led… Continue reading Uber, Nvidia-backed delivery robot startup Serve Robotics to go public
California regulators to decide the future of Cruise and Waymo
The California Public Utilities Commission (CPUC) is scheduled Thursday to make a high-stakes vote that will determine the commercial future for autonomous vehicle technology companies Cruise and Waymo — not to mention any other AV company with aspirations to launch commercial robotaxi services in the state. Cruise and Waymo already offer limited commercial services in… Continue reading California regulators to decide the future of Cruise and Waymo
5 lessons robotics founders can learn from the AV industry
Sanjay Aggarwal Contributor Throughout the late 2010s and early 2020s, the autonomous vehicle industry captured the imagination of the startup community and the public. However, the category’s meteoric rise preceded an even more meteoric fall over the last 18 to 24 months. From 2018 to 2021, investments in the AV sector across the U.S. and… Continue reading 5 lessons robotics founders can learn from the AV industry
Cruise inches into Waymo’s territory in the Phoenix area
Cruise, the self-driving subsidiary of General Motors, has expanded its robotaxi radius in the Phoenix area by 20x as it seeks to compete with Alphabet-owned Waymo in its home court. Cruise soft-launched its robotaxi service in Chandler, a city southeast of Phoenix, in December 2022. The expanded arena will now include Tempe and Scottsdale, according… Continue reading Cruise inches into Waymo’s territory in the Phoenix area
Lyft wants to kill surge pricing
Lyft has been cutting fares in order to secure more riders, and it’s working. Bu that success has come with a (literal) cost. The ride-hail company reported Tuesday during its second quarter 2023 earnings an increase in riders and decrease in revenue per active rider. That discrepancy was fueled by a decision by the company to… Continue reading Lyft wants to kill surge pricing
Lyft shares pop, then plop, as it predicts slow and steady growth
Lyft made less money per active rider in the second quarter — something that might normally give investors pause. Yet, the ride-hailing giant’s stock price initially rocketed nearly 14% in after-hours trading following its Q2 2023 earnings report. The stock then shed its after-hours gains shortly before this story went live. Lyft’s enthusiastic investors seemed… Continue reading Lyft shares pop, then plop, as it predicts slow and steady growth
Array Labs is scanning Earth from space to equip autonomous vehicles with 3D maps
It’s an oft-told story: The boom of space startups today can be traced to dramatically lowered cost in launch and satellite manufacturing over the past 10 years. But Array Labs, a two-year-old startup based in Silicon Valley, is also taking advantage of other technological developments in its quest to build a 3D map of Earth.… Continue reading Array Labs is scanning Earth from space to equip autonomous vehicles with 3D maps
Waymo is bringing its robotaxi service to Austin
Waymo plans to launch a robotaxi service in Austin — putting the company once again in direct competition with rival Cruise. Austin will be the company’s fourth commercial market following Phoenix, San Francisco and Los Angeles. The company will kick off the initial phase of its operations in the city this fall; the ride-hailing service… Continue reading Waymo is bringing its robotaxi service to Austin
Xpeng’s head of autonomous driving quits, rumored to join Nvidia
Xpeng, a prominent Chinese electric vehicle maker and a competitor to Tesla, has announced the resignation of its vice president of autonomous driving, Xinzhou Wu, over personal and family reasons. Wu, formerly a senior director of engineering at Qualcomm where he spent over a decade, was effectively the head of Xpeng’s autonomous driving business and… Continue reading Xpeng’s head of autonomous driving quits, rumored to join Nvidia