Pony.ai, a Chinese autonomous vehicle company valued at $8.5 billion as of late, has sued two former employees over alleged trade secret infringement. The lawsuit is arriving months after Frank (Zhenhao) Pan and Youhan Sun, two former technical leaders at Pony’s autonomous trucking business in the U.S., resigned to start a competitor called Qingtian Truck.… Continue reading Toyota-backed robotaxi unicorn Pony.ai sues ex-employees over trade secrets
Tag: Mobility
06:59 ETDana Incorporated Reports Second-quarter 2022 Financial Results, Generates Strong Free Cash Flow and Maintains Sales Guidance…
Key Highlights Sales of $2.59 billion, an increase of $381 million Net income attributable to Dana of $8 million Diluted EPS of $0.06 Adjusted EBITDA of $162 million Diluted adjusted EPS of $0.08 Free cash flow of $167 million, an increase of $180 million MAUMEE, Ohio, August 3, 2022 /PRNewswire/ — Dana Incorporated (NYSE: DAN)… Continue reading 06:59 ETDana Incorporated Reports Second-quarter 2022 Financial Results, Generates Strong Free Cash Flow and Maintains Sales Guidance…
Lyft assured no layoffs were coming — now employees are scrambling for their next gig
The day before Lyft shut down its in-house rental service and laid off close to 60 employees, the team in charge of the program was consumed by what they thought was a much bigger problem. Throughout June, the rentals team had attempted to get the service up and running in New York without success. The… Continue reading Lyft assured no layoffs were coming — now employees are scrambling for their next gig
This startup just raised $320M to make long-term care inside hospitals obsolete
Cera, a U.K. provider of healthcare inside people’s homes augmented by a platform that allows carers to monitor a patient’s health and potentially flag problems, has raised $320 million (£260 million) in an equity and debt financing round, split roughly 50/50. The equity side of the funding round was led by Cera’s existing investor Kairos… Continue reading This startup just raised $320M to make long-term care inside hospitals obsolete
@GM: GM to Double the Super Cruise Road Network August 3, 2022
Hundreds of thousands of additional miles of roads in the U.S. and Canada can be explored hands-free1 GM vehicles built on the VIP electrical architecture will be the first to receive the update later this year To date, GM customers have driven more than 34 million miles with Super Cruise engaged DETROIT – General Motors… Continue reading @GM: GM to Double the Super Cruise Road Network August 3, 2022
@GM: GM to Triple the Super Cruise Road Network in Canada
GM to Triple the Super Cruise Road Network in Canada Hundreds of thousands of additional kilometres of roads in Canada and the U.S. can be explored hands-free* 2022-08-03 Compatible Canadian roadways to increase from approximately 24,000 kilometres today to 80,000 kilometres GM vehicles built on the VIP electrical architecture will be the first to receive… Continue reading @GM: GM to Triple the Super Cruise Road Network in Canada
Daily Crunch: Unknown hacker drains millions of dollars from thousands of Solana hot wallets
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Christine is back from a week of making the world a better place, and now she’s here to help make this a better newsletter as well. Huzzah! — Christine and Haje The… Continue reading Daily Crunch: Unknown hacker drains millions of dollars from thousands of Solana hot wallets
Valvoline Reports Third-Quarter Results
Recently Announced Agreement for Sale of Global Products for $2.65 Billion in Cash Reported net income of $99 million grew 2% and earnings per diluted share (EPS) of $0.55 increased 4% Adjusted EPS of $0.58 improved 5% and adjusted EBITDA of $180 million increased 4% Sales grew 21% to $957 million driven by strong demand… Continue reading Valvoline Reports Third-Quarter Results
GM to expand its Super Cruise network, adding hundreds of thousands of miles of ‘hands-free’ roads
General Motors (GM) has announced a massive expansion to its Super Cruise hands-free driver assistance network. The expansion will double the size of the current Super Cruise network to over 400,000 miles of compatible roadways and will soon be available to over 20 GM models. Super Cruise is a hands-free driver assistance feature introduced by… Continue reading GM to expand its Super Cruise network, adding hundreds of thousands of miles of ‘hands-free’ roads
Music to the Gears: NVIDIA’s Clément Farabet on Orchestrating AI Training for Autonomous Vehicles
Autonomous vehicles are one of the most complex AI challenges of our time. For AVs to operate safely in the real world, the networks running within them must come together as an intricate symphony, which requires intensive training, testing and validation on massive amounts of data. Clément Farabet, vice president of AI infrastructure at NVIDIA,… Continue reading Music to the Gears: NVIDIA’s Clément Farabet on Orchestrating AI Training for Autonomous Vehicles