To boost confidence in safety, the US Department of Transportation believes it would need better readings. In the US, they are planning new ones Guidelines for autonomous driving and you want Vehicles without steering wheel allow. One sets especially on the voluntary the industry. But since then fatal accident in March This year, when an… Continue reading US Department of Transportation: It needs better readings
Tag: Waymo/Google
Comroads launches first community for sharing dash cam footage
Featured stories Traffic accidents occur quickly and often the driver responsible for causing the crash leaves the scene of the incident before proper information can be exchanged. While a single dash cam can help catch some of the details, one dash cam is often not enough to provide a full picture of what happened. Tel… Continue reading Comroads launches first community for sharing dash cam footage
General Motors bets €4.3bn on the long road to safe driverless taxi
By Heather Somerville It’s one of the biggest bets going in the world of cars: Since May, General Motors (GM) and its Cruise self-driving car unit have landed €4.35bn in investment commitments from Japan’s SoftBank and Honda Motor to develop a robot taxi service that could safely navigate the city streets of San Francisco by… Continue reading General Motors bets €4.3bn on the long road to safe driverless taxi
GM’s driverless car bet faces long road ahead
SAN FRANCISCO (Reuters) – It’s one of the biggest bets going in the world of cars. A Cruise self-driving car, which is owned by General Motors Corp, is seen outside the company’s headquarters in San Francisco where it does most of its testing, in California, U.S., September 26, 2018. REUTERS/Heather Somerville Since May, General Motors… Continue reading GM’s driverless car bet faces long road ahead
Google’s Waze expands carpooling tool throughout U.S.
Original Article
Uber reportedly raises $2 billion in debut junk bond sale ahead of blockbuster IPO
Anindito Mukherjee | Getty Images
Dara Khosrowshahi, chief executive officer of Uber, looks on following a 2018 event in New Delhi, India.
Uber has raised $2 billion in a junk bond sale, according to a report, as it gears up for its 2019 stock market debut.
The ride-hailing firm raised $1.5 billion through the sale of eight-year notes with a yield of 8 percent — it had initially pitched $1 billion — and an additional $500 million by selling five-year notes with a yield of 7.5 percent in a private placement led by Morgan Stanley, according to the Financial Times.
Uber was not immediately available when contacted by CNBC; nor was Morgan Stanley. The FT said Uber had confirmed the sale's completion.
The embattled start-up is preparing for an initial public offering that media reports have noted could value it at more than $100 billion — far more than its last reported valuation of $72 billion, which it notched after a $500 million capital injection from Japanese carmaker Toyota. It is currently one of the most valuable privately held firms in the world.
The fundraising follows a separate report by the FT on Wednesday that said Uber has mulled the sale of minority stakes in its struggling self-driving unit, known as the Advanced Technologies Group.
“Shared self-driving cars will ultimately make transportation safer, more efficient, and more affordable for riders on the Uber network,” the company said in an emailed statement to CNBC in response to that report.
“Our team at the Advanced Technologies Group is wholly focused on building the safest self-driving technology out there, and we remain committed to supporting their efforts to make this self-driving future a reality.”
The autonomous driving unit suffered a major setback earlier this year after a fatal crash involving one of its driverless vehicles in Tempe, Arizona. It also ended a legal battle with Google's self-driving car division Waymo in February, with a settlement that saw Waymo take a 0.34 percent stake in the company worth $245 million at the time.
Uber's Chief Executive Dara Khosrowshahi said last month the firm is on track to launch its IPO next year and has no plans to sell the Advanced Technologies Group.
You can read the full FT report here.
Uber-funded research project pushes new ways to measure safety of driverless cars
October 11 at 12:01 AM A typical driving test considers basic skills: Can you parallel park? Do you merge safely? Do you know to yield to pedestrians? No such government exam is required for cars driven by a computer. The idea has been dismissed by federal officials who oppose regulation and industry leaders who say… Continue reading Uber-funded research project pushes new ways to measure safety of driverless cars
Where the next 10 million miles will take us
Where the next 10 million miles will take us By: John Krafcik, CEO Our self-driving vehicles just crossed 10 million miles driven on public roads. When it comes to driving, experience is the best teacher, and that experience is even more valuable when it’s varied and challenging. These millions of miles were driven in 25 cities… Continue reading Where the next 10 million miles will take us
Waymo hits 10 million self-driving miles
Self-driving cars need to learn how to navigate all sorts of scenarios out on the road.Image: optimus ride By Sasha Lekach2018-10-10 13:00:00 UTC Waymo, Alphabet’s self-driving car division, keeps racking up the miles. On Wednesday, the company announced it had hit 10 million robot car-driven miles on public roads across 25 cities in states like… Continue reading Waymo hits 10 million self-driving miles
The game of alliances is set up in the autonomous car
Who will win the race for the autonomous car? The car manufacturers multiply in any case the alliances, to give themselves the best chance of one day reaching the finish line. Thursday, Toyota unveiled the creation of a joint venture with SoftBank to develop his “e-pallet”, a sort of wagon capable of making deliveries without… Continue reading The game of alliances is set up in the autonomous car