The news came by Slack message. Cruise CEO Marc Whitten, who took the top post in June, posted a message Tuesday afternoon in the company’s announcements channel along with a link to a press release entitled “GM to refocus autonomous driving development on personal vehicles.” GM, which acquired the self-driving car startup in 2016, would […]
Cruise employees ‘blindsided’ by GM’s plan to end robotaxi program Read More »
General Motors said Tuesday it will no longer fund the development of a commercial robotaxi business and will instead absorb its self-driving car subsidiary Cruise and combine it with the automaker’s own efforts to develop driver assistance features — and eventually fully autonomous personal vehicles. The pivot is a remarkable step for the automaker, which
GM is giving up on Cruise robotaxis, pivots to personal autonomous vehicles Read More »
San Francisco is the most prepared city for new transportation technologies like AI, autonomous vehicles, and air taxis, according to an new urban mobility readiness index released Tuesday. The index, created by the Oliver Wyman Forum and the University of California, Berkeley, evaluated 70 global cities on a range of factors such as walkability, air
San Francisco is the most prepared city for new transportation tech Read More »
Ride-hail giant Uber and Chinese autonomous vehicle technology company WeRide have launched a commercial robotaxi service in Abu Dhabi. The launch marks Uber’s first international autonomous vehicle offering. Uber has been snatching up partnerships with autonomous vehicle companies across sectors, including ride-hail, delivery, and trucking. Other partners include Wayve, Serve Robotics, Aurora Innovation, Waabi, and
Uber and WeRide launch robotaxi service in Abu Dhabi Read More »
Chinese autonomous driving technology company Pony AI will start trading on the Nasdaq on Wednesday at an offering price of $13 per share, the higher end of its expected range. With an initial public offering of 20 million American depositary shares, Pony stands to gain at least $260 million at a $4.55 billion from its
Pony AI set for Nasdaq debut at $4.55B valuation Read More »
Teleo describes itself as a construction robotics startup, but its mission is bigger than automating heavy equipment like excavators and tractors. Today, Teleo’s retrofitted machinery allows its customers to operate their existing fleets semi-autonomously. In the future, the startup sees the data it collects as a key enabler for the robotics industry to reach its
Teleo wants to help the robotics industry reach its ‘ChatGPT moment’ Read More »
May Mobility is slowly advancing its driverless capabilities. The startup this week launched a small-scale deployment of autonomous shuttles, which will drive themselves along a fixed route without a human safety driver present. May will initially deploy one to two autonomous Toyota Sienna minivans to ferry employees and “invited guests” across a 2-square-mile area of
May Mobility to test driverless shuttles in Ann Arbor Read More »
Pony AI, the Chinese autonomous vehicle startup that’s looking to go public on the Nasdaq stock exchange, now wants to raise around $260 million, according to a new regulatory filing. That’s up from its previous target of around $224 million. To meet the goal, Pony will sell as many as 20 million American depository shares.
Chinese AV startup Pony AI boosts its IPO goal to $260M Read More »
Nuro is rolling out test fleet of its its driverless, passenger-less R3 vehicles across the Bay Area and Houston, two months after the the autonomous vehicle technology startup changed its business strategy to license its AV tech to automakers and mobility providers. The large-scale demo, which will expand the domain where Nuro currently tests, is designed to
Nuro expands driverless autonomous vehicle testing in push to attract customers Read More »
Xiaodi Hou, the co-founder and former CEO of self-driving trucking startup TuSimple, has urged a California district court to issue a temporary restraining order to stop the company from transferring its remaining U.S. assets to China, according to a recent court filing. Hou, who plans to apply for a temporary restraining order in December during
Former TuSimple co-founder urges courts to block asset transfer to China Read More »
