Porsche has partnered with Mobileye, the autonomous driving unit that Intel spun out into a public company last year, to bring hands-free automated assistance and navigation functions to future sports cars, the companies said Tuesday. In the upcoming collaboration, Mobileye’s branded SuperVision technology platform will serve as the foundation for advanced driver assistance systems (ADAS)… Continue reading Porsche taps Mobileye for automated driving functions in future models
Tag: Lyft
Mayfield Raises $955M Across Two New Funds
Mayfield, a Menlo Park, CA-based early stage investor, raised a total of $955m across two venture capital funds. The $580m Mayfield XVII and the $375m Mayfield Select III follow the $750m raised by prior funds in March 2020, bringing the firm’s total assets under management to $3 billion. Mayfield XVII will continue the firm’s early… Continue reading Mayfield Raises $955M Across Two New Funds
New Survey Reveals Top Rideshare Annoyances: From Reckless Driving to Surge Pricing
AUSTIN, Texas, May 8, 2023 /PRNewswire/ — Upgraded Points recently conducted a nationwide survey to uncover what really grinds the gears of rideshare users. From passengers who refuse to wear a seatbelt to drivers who text behind the wheel, the world of rideshare apps can be filled with annoyances that test the patience of even… Continue reading New Survey Reveals Top Rideshare Annoyances: From Reckless Driving to Surge Pricing
Why Halo is betting on a remote-operated car-sharing service
Driverless cars are often marketed as a safe and convenient means of travel that allows customers to watch movies, scroll through TikTok or nap — all without worrying about taking over control. Whether it’s in a personal vehicle (which to remind everyone, there are currently no personal autonomous cars for sale) or ride-hailing service like… Continue reading Why Halo is betting on a remote-operated car-sharing service
Tepid investor reaction clouds Lyft’s new strategy
The company’s bet on a slimmer, more-focused business echos tech’s trend of doing more with less Alex Wilhelm Anna Heim 7 hours Shares of Lyft are off sharply this morning, falling nearly 20% in early trading. The company’s equity is selling off in the wake of the U.S. ride-hailing giant’s first quarter results and its… Continue reading Tepid investor reaction clouds Lyft’s new strategy
Lyft shares tumble as investors react to dim outlook
Lyft shares tanked as much as 12% moments after the company reported first-quarter earnings as investors placed more weight on a dim outlook and lower quarter-over-quarter revenue than other financial gains. Shares have since stabilized in after-hours trading, now trading down about 10%. Lyft beat both its own revenue expectations and Wall Street’s, but it… Continue reading Lyft shares tumble as investors react to dim outlook
Waymo robotaxis make more inroads in Phoenix, San Francisco
Self-driving car pioneer Waymo announced Thursday that its robotaxis will be able to carry passengers through most of the Phoenix area for the first time. The company’s cars will also start to pick up more volunteers for testing the autonomous vehicles traversing the more challenging conditions in San Francisco. The expansion marks the next leg… Continue reading Waymo robotaxis make more inroads in Phoenix, San Francisco
Stripe, a longtime partner of Lyft, signs a big deal with Uber
Growth at $50 billion fintech Stripe has been slowing this year, but one of its key strategies to reverse that course got a decent push today: Stripe is announcing that it has inked a “strategic payments partnership” with Uber. The pair will work together initially on selected services in eight of Uber’s biggest markets, including… Continue reading Stripe, a longtime partner of Lyft, signs a big deal with Uber
A Shocking Number of Gig App Workers Were Murdered on the Job Last Year
The real number is probably even higher. Unsafe Situations In 2022, dozens of app gig workers were killed on the job — and, for some reason, labor laws haven’t caught up yet. A new report by the advocacy organization Gig Workers Rising found that in 2022, a whopping 31 gig workers were murdered on the… Continue reading A Shocking Number of Gig App Workers Were Murdered on the Job Last Year
Global Shared Mobility Market Report 2023-2027 & 2030 Featuring ANI Technologies, Avis Budget, Beijing Xiaoju Technology, Bolt, & Share Now
DUBLIN, May 2, 2023 /PRNewswire/ — The “Shared Mobility Global Market Report 2023” report has been added to ResearchAndMarkets.com’s offering. The global shared mobility market grew from $271.91 billion in 2022 to $309.27 billion in 2023 at a compound annual growth rate (CAGR) of 13.7%. The shared mobility market is expected to grow to $495.78 billion… Continue reading Global Shared Mobility Market Report 2023-2027 & 2030 Featuring ANI Technologies, Avis Budget, Beijing Xiaoju Technology, Bolt, & Share Now