A self-driving car went rogue in Arizona, stalling, then speeding off before assistance could arrive. A YouTuber caught the nearly 20-minute episode on video from the backseat of the car. Waymo issued a statement that it has assessed the event and used it to improve future rides. See more stories on Insider’s business page. A… Continue reading A self-driving taxi went rogue, blocking traffic and evading officials, as a YouTuber captured it on video from the backseat
Tag: Waymo/Google
Waymo to lose its CFO and head of automotive partnerships
Waymo’s chief financial officer Ger Dwyer and its head of automotive partnerships and corporate development Adam Frost — two longtime executives at the autonomous vehicle company — are leaving this month, departures that comes amid some executive shuffling following CEO John Krafcik’s exit earlier this year. Dwyer and Frost’s departure was shared internally this week,… Continue reading Waymo to lose its CFO and head of automotive partnerships
Tesla refutes Elon Musk’s timeline on ‘full self-driving’
What Tesla CEO Elon Musk says publicly about the company’s progress on a fully autonomous driving system doesn’t match up with “engineering reality,” according to a memo that summarizes a meeting between California regulators and employees at the automaker. The memo, which transparency site Plainsite obtained via a Freedom of Information Act request and subsequently… Continue reading Tesla refutes Elon Musk’s timeline on ‘full self-driving’
Lucid Motors taps Waymo, Intel veterans ahead of public listing
Lucid Motors is beefing up its executive and technical leadership team, hiring people from Waymo, Intel and Xperi as it prepares to become a publicly listed company. The automaker said Wednesday that Sherry House, who formerly worked at Waymo, will be its new chief financial officer. House was at Waymo for four years, most recently… Continue reading Lucid Motors taps Waymo, Intel veterans ahead of public listing
Argo’s new lidar sensor could help Ford, VW deploy self-driving vehicles at scale
Four years ago, Argo AI made its first acquisition as a young, newly backed self-driving vehicle startup. Now, Argo says its acquisition of lidar company Princeton Lightwave is paying off and is poised to help it deliver autonomous vehicles that can operate commercially on highways and in dense urban areas starting next year. Argo AI… Continue reading Argo’s new lidar sensor could help Ford, VW deploy self-driving vehicles at scale
Lyft joins Uber in ditching plans to make its own self-driving car, selling its autonomous vehicle unit to Toyota for $550 million
Toyota is buying Lyft’s self-driving technology unit for $550 million, the companies said Monday. Lyft joins Uber in ditching plans to make its own self-driving vehicle. The self-driving unit, Level 5, will become a part of Toyota’s new Woven Planet division. See more stories on Insider’s business page. Toyota Motor Corp will acquire Lyft Inc’s self-driving… Continue reading Lyft joins Uber in ditching plans to make its own self-driving car, selling its autonomous vehicle unit to Toyota for $550 million
4 years ago, Uber was a toxic mess. Insiders reveal how Dara Khosrowshahi ‘cleansed’ its culture and revived its bid to dominate transportation.
Dara Khosrowshahi prioritized fixing Uber’s culture when he became CEO in 2017. Since then he’s made decisions aimed at making Uber more ethical and transparent. His efforts have largely been successful, Uber employees and a Wall Street analyst told Insider. See more stories on Insider’s business page. Dara Khosrowshahi was shopping for groceries in August… Continue reading 4 years ago, Uber was a toxic mess. Insiders reveal how Dara Khosrowshahi ‘cleansed’ its culture and revived its bid to dominate transportation.
Self-driving truck maker TuSimple valued at $8.5b in Nasdaq debut …
Shares of TuSimple Holdings Inc made a lackluster U.S. stock market debut on Thursday, giving the self-driving truck maker a market capitalization of $8.5 billion. TuSimple shares opened at $40.25, marginally higher than their initial public offering (IPO) price of $40 per share. The San Diego, California-based company sold about 27 million shares in its IPO… Continue reading Self-driving truck maker TuSimple valued at $8.5b in Nasdaq debut …
Walmart helps push Cruise’s latest investment round to $2.75B
Cruise, the autonomous vehicle company aiming to deploy robotaxis in San Francisco and Dubai, has added Walmart as an investor in an extended fundraising round that has grown to $2.75 billion. The company said it has a post-money valuation of more than $30 billion. Walmart and several unnamed institutional investors added capital to a $2… Continue reading Walmart helps push Cruise’s latest investment round to $2.75B
Chinese autonomous vehicle startup WeRide scores permit to test driverless cars in San Jose
WeRide, the Chinese autonomous vehicle startup that recently raised $310 million, has received a permit to test driverless vehicles on public roads in San Jose, California. WeRide is the seventh company, following AutoX, Baidu, Cruise, Nuro Waymo and Zoox, to receive a driverless testing permit. In the early days of autonomous vehicle development, testing permits… Continue reading Chinese autonomous vehicle startup WeRide scores permit to test driverless cars in San Jose