SAN FRANCISCO (Reuters) – Uber has shut down its self-driving car operation in Arizona two months after a fatal crash involving one of its vehicles, the company said on Wednesday. Uber Technologies Inc [UBER.UL] is not shuttering its entire autonomous vehicle program and will focus on limited testing in Pittsburgh, Pennsylvania, and two cities in… Continue reading UPDATE 3-Uber shuts Arizona self-driving program two months after fatal crash
Tag: Mobility
Carlos Ghosn on ‘Mobility Reimagined’ during STYT Bloomberg’s conference
Business and technology leaders share insights into the transformations poised to reshape the future PARIS – Bloomberg’s Sooner Than You Think (STYT) conference convenes business and technology leaders to share vital insights into the tech trends and transformations that are poised to reshape the future. During that event, Carlos Ghosn, Renault-Nissan-Mitsubishi chairman and chief executive… Continue reading Carlos Ghosn on ‘Mobility Reimagined’ during STYT Bloomberg’s conference
Uber saw strong revenue growth in Q1 as it moved past a controversy-filled year
Uber cut its losses almost in half and its ride bookings jumped 51 percent since one year ago, the Silicon Valley ride-services firm said on Wednesday, showing that months of scandal and retreating from overseas markets has not slowed its business. Uber Technologies Inc also reported a one-time gain of $2.5 billion, income that came… Continue reading Uber saw strong revenue growth in Q1 as it moved past a controversy-filled year
Uber’s raising up to $600M in a secondary round at $62B valuation, Q1 sales grew to $2.5B
Uber’s CEO is in Paris this week meeting with the French president to talk tech in Europe and expanding its insurance coverage in the region, but back in the US the company is moving ahead on another kind of expansion. TechCrunch has learned and confirmed that Uber is raising another secondary round of funding of up… Continue reading Uber’s raising up to $600M in a secondary round at $62B valuation, Q1 sales grew to $2.5B
Superpedestrian Scoops Up $16.5M, Enters Bike-Sharing Frenzy
Bike sharing is the new ride hailing. Similar to what has played out with Uber, Lyft, Didi Chuxing, and other private car-hailing app companies, investors are pumping hundreds of millions of dollars into bike-sharing startups around the world racing to be the leading operator of fleets of bicycles that people can rent on demand. The… Continue reading Superpedestrian Scoops Up $16.5M, Enters Bike-Sharing Frenzy
DRIVE Xavier, World’s First Single-Chip Self-Driving Car Processor, Gets Approval from Top Safety Experts
Automotive safety isn’t a box you check. It’s not a feature. Safety is the whole point of autonomous vehicles. And it starts with a new class of computer, a new type of software and a new breed of chips. Safety is designed into the NVIDIA DRIVE computer for autonomous vehicles from the ground up. Experts… Continue reading DRIVE Xavier, World’s First Single-Chip Self-Driving Car Processor, Gets Approval from Top Safety Experts
Upstarts emerge to chase Tesla’s lead in electric vehicles
A slew of well-funded new entrants backed by massive amounts of capital are chasing Tesla’s lead in an effort to power the next generation of the electric vehicle industry. Electric vehicle startups have raised more than $2 billion in the U.S. over the first months of 2018 alone, a huge increase over the $650 million… Continue reading Upstarts emerge to chase Tesla’s lead in electric vehicles
Uber covers illness and parental leave for European drivers
Ginnette Riquelme / Reuters Uber and its drivers have been embroiled in a tug-of-war for years over stronger rights for the people ferrying passengers and food around for the company. Drivers want more protections and rights, while Uber has been reluctant to offer benefits. But Uber and Uber Eats contractors in Europe now have a… Continue reading Uber covers illness and parental leave for European drivers
This company wants to put “brains” in electric scooters and bikes to keep riders safer
Superpedestrian, a Cambridge, Ma.-based company, has been known until now for its electric Copenhagen wheel, which a user attaches to his or her bikes and operates through an app. It’s essentially a hub that houses a motor, a battery and sensors and is placed in the middle of the rear wheel, measuring how fast and how… Continue reading This company wants to put “brains” in electric scooters and bikes to keep riders safer
Lyft invests $100 million in its drivers
Lyft is committing $100 million to better support its drivers. The company is specifically putting this money toward cheaper oil changes, basic car maintenance, serviced car washes and more. Lyft will also almost double its operating hours at its driver hubs in 15 cities throughout the nation. The idea is to help drivers make more… Continue reading Lyft invests $100 million in its drivers