Autonomous vehicle company Aurora Innovation sent offers Thursday to more than 75% of employees at Uber Advanced Technologies Group, just a week after announcing plans to acquire the self-driving subsidiary, according to a source familiar with the post-merger integration plans. Uber ATG Toronto, which employs about 50 people where the subsidiary conducted its research and… Continue reading Aurora sends offers to majority of Uber ATG employees, but not the R&D lab
Tag: Uber
Lyft, Motional to launch multi-city U.S. robotaxi service in 2023
By Paul Lienert 2 Min Read DETROIT (Reuters) – Lyft Inc and Motional will launch a multi-city U.S. robotaxi service in 2023, the partners said on Wednesday. FILE PHOTO: The Lyft Driver Hub is seen in Los Angeles, California, U.S., March 20, 2019. REUTERS/Lucy Nicholson The driverless vehicles will be provided by Motional, a joint… Continue reading Lyft, Motional to launch multi-city U.S. robotaxi service in 2023
Bolt raises $182M to expand its on-demand transportation network in Europe and Africa
In the midst of a major second wave of coronavirus infections across Europe, an Estonian startup that’s building an on-demand network to move food and people around in cars, on scooters and on bikes across developed and emerging markets in EMEA is announcing a major round of funding. Bolt, which covers 200 cities in 40… Continue reading Bolt raises $182M to expand its on-demand transportation network in Europe and Africa
Uber Fined $59M over Sexual Assault, Harassment Claims
While the CPUC says the information can be anonymous, Uber could lose its license if the company fails to pay the fine within 30 days. Photo via Uber. The California Public Utilities Commission has fined Uber $59 million for failing to provide the commission with information related to sexual assault and harassment claims, Reuters reports.… Continue reading Uber Fined $59M over Sexual Assault, Harassment Claims
Dott to expand beyond e-scooters with bike-sharing service
Dott is better known for its electric scooter service that is available in a few cities across Europe. But the company is working on electric bikes and wants to launch a bike-sharing service in London and Paris in March 2021. Dott currently doesn’t operate in London. So it looks like it’ll be the company’s 16th… Continue reading Dott to expand beyond e-scooters with bike-sharing service
Hyundai units, chief may pay up to $828m to buy Boston Dynamics from SoftBank
Hyundai Motor Group units and its chairman have agreed to buy an 80% stake in robot maker Boston Dynamics from SoftBank Group Corp for around 800 billion to 900 billion won ($736 million-$828 million), a person familiar with the matter told Reuters on Friday. Hyundai can leverage the robot technology to expand automation at its… Continue reading Hyundai units, chief may pay up to $828m to buy Boston Dynamics from SoftBank
Uber sells loss-making flying taxi division to Joby Aviation
Uber Elevate disposal follows sale of autonomous vehicle division as Uber aims for profit A Hyundai S-A1 electric Urban Air Mobility concept. Uber is getting out of the flying taxi sector. Photograph: Robyn Beck/AFP via Getty Uber has sold its loss-making flying taxi division, Elevate, to a Californian startup as it abandons costly side projects… Continue reading Uber sells loss-making flying taxi division to Joby Aviation
Dara Khosrowshahi hits the kill switch on Uber’s moonshots (UBER)
Hello, and welcome to this Wednesday’s edition of the Insider Tech newsletter, where we break down the biggest news in tech. Did someone forward this newsletter to you? Get Insider Tech straight in your inbox by subscribing here. Soundtrack: For maximum enjoyment of this newsletter, we recommend listening to David Bowie’s “Starman.” This week: Uber… Continue reading Dara Khosrowshahi hits the kill switch on Uber’s moonshots (UBER)
Joby Aviation takes over Uber’s air taxi business, Elevate
Uber in January announced it had partnered with South Korean automaker Hyundai Motor Co to develop electric air taxis as part of its Elevate program. By Tina Bellon and Uday Sampath Kumar – Joby Aviation, an electric passenger aircraft developer, said on Tuesday it would take over Uber Technologies Inc‘s flying taxi unit, Elevate, the… Continue reading Joby Aviation takes over Uber’s air taxi business, Elevate
Uber: Uber Announces Pricing of $1.0 Billion Convertible Senior Notes Offering
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced the pricing of $1.0 billion principal amount of 0% Convertible Senior Notes due 2025 (the “notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Uber also granted the initial purchasers of… Continue reading Uber: Uber Announces Pricing of $1.0 Billion Convertible Senior Notes Offering