Uber was fined $59 million last year for refusing to disclose data on 3,000 sexual-assault reports. The company negotiated that fine down to $150,000 and won’t have to disclose identifiable data. Uber will also donate $9 million to a victims’ relief fund and toward improving the industry. See more stories on Insider’s business page. Uber… Continue reading Uber negotiated a huge cut to a $59 million fine it received for refusing to share data about sexual assaults on its service
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The rising stars of self-driving vehicles, from companies like Waymo, Aurora, and Cruise
Qian Chu, 27, TuSimple TuSimple As a senior technical project manager at TuSimple, Qian Chu leads the team responsible for technology development, testing, and integration. She was one of TuSimple’s 25 first employees and plays an important role in keeping the development of TuSimple’s automated-driving system on track, a TuSimple spokesperson said. Chu has a… Continue reading The rising stars of self-driving vehicles, from companies like Waymo, Aurora, and Cruise
Pittsburgh’s Locomation puts a convoy twist on autonomous trucking
The Pittsburgh Strip District, once home to Industrial Age giants Alcoa, Heinz, U.S. Steel and Westinghouse, has evolved over the past decade into a technology and robotics hub, and notably, a testbed of autonomous vehicles. That activity has more recently spilled out beyond Smallman Street, so-called Robotics Row, past the confines of the Strip District… Continue reading Pittsburgh’s Locomation puts a convoy twist on autonomous trucking
Uber, Tesla, and Rivian are locked in a war for talent. Here’s how much they pay their employees.
Insider has analyzed salary data from some of the top transportation-tech companies. The list includes Tesla, Uber, Rivian, and Amazon-owned Zoox. The data comes from filings shared with the US government. See more stories on Insider’s business page. The war for talent between transportation technology companies is heating up, as the incumbents and upstarts poach… Continue reading Uber, Tesla, and Rivian are locked in a war for talent. Here’s how much they pay their employees.
VCs back ‘vanlife’ as Seattle travel startup Cabana raises $10M for its camper rental service
(Cabana Photo) Seattle-based startup Cabana is riding interest in “vanlife” travel and just landed $10 million to fuel growth of its service that brings together camping, car sharing, and boutique hotel luxuries. The startup, launched by former Seattle Department of Transportation head and Lime exec Scott Kubly, allows campers to rent a renovated cargo van… Continue reading VCs back ‘vanlife’ as Seattle travel startup Cabana raises $10M for its camper rental service
Chinese ride-hailing company Didi became a retail favorite on its first day of trading
Reuters/Jason Lee Reuters/Jason Lee Didi has become a retail-investor favorite on its first day of trading, Fidelity data show. The stock topped retail buys in Exela Technologies and AMC Entertainment. Shares of the Chinese ride-hailing company surged as much as 28% during its IPO Wednesday. See more stories on Insider’s business page. Chinese ride-hailing company… Continue reading Chinese ride-hailing company Didi became a retail favorite on its first day of trading
Founders of Chinese ride-hailing firm Didi eye global growth after $4.4b IPO
From working at a foot massage company to setting up China’s biggest ride-hailing firm, Will Wei Cheng has navigated several hurdles on the path to taking Didi Global Inc public in a $4.4-billion New York float. As Cheng rose to the upper echelons of Chinese technology entrepreneurs, he faced challenges including tough competition, intense criticism for Didi after rape and murder cases linked to its drivers… Continue reading Founders of Chinese ride-hailing firm Didi eye global growth after $4.4b IPO
Chinese ride-hail giant Didi is reportedly eyeing a $70 billion valuation for its upcoming US IPO
CEO of DiDi Cheng Wei at the D1 launch event in Beijing on November 16, 2020. Xin Yue/Huanqiu.com/VCG via Getty Images Didi Chuxing is set to IPO in the US at a valuation of up to $70 billion, according to the Wall Street Journal. Didi controls much of the Chinese ride-hailing market, after a bruising… Continue reading Chinese ride-hail giant Didi is reportedly eyeing a $70 billion valuation for its upcoming US IPO
@BMW: BMW i Ventures Announces an Investment in Kodiak Robotics.001230
Mountain View, CA -June 24, 2021… BMW i Ventures announced today an investment in Kodiak Robotics, Inc., a leading developer of self-driving long-haul trucking technology. The funds from the BMW i Ventures investment help Kodiak expand its team and fleet, as well as continue to develop its industry-leading self-driving technology purpose-built for long-haul trucks. Kodiak is… Continue reading @BMW: BMW i Ventures Announces an Investment in Kodiak Robotics.001230
VW’s Diess sees autonomy transforming cars more than electrification – Automotive News
CEO says automaker’s joint efforts with Ford on self-driving vehicles are making good progress June 22, 2021 01:09 PM Bloomberg {{ source.title }} {{title}} {{ abstract }} read more {{/main_image_url}} {{^main_image_url}} {{ source.title }} {{title}} {{ abstract }} read more {{/main_image_url}} {{/content}} ]]> Volkswagen Group is undergoing the world’s largest industrial overhaul for the electric-vehicle… Continue reading VW’s Diess sees autonomy transforming cars more than electrification – Automotive News