Waymo recently closed a $5.6 billion Series C funding round led by parent company Alphabet and joined by a who’s who of Silicon Valley venture firms. The investment boosts Waymo’s overall valuation to more than $45 billion, according to Bloomberg News. Alphabet had previously announced in July that it was pledging another $5 billion to […]
Waymo’s latest funding round boosts it to a $45B valuation Read More »
Autonomous vehicle technology startup Aurora Innovation is targeting April 2025 for commercial deployment of its autonomous trucks, pushing its timeline back by about a quarter. The company had originally planned to launch by the end of 2024. The company said it delayed the launch so it can continue to validate its self-driving technology. “While this
Aurora Innovation delays commercial autonomous truck launch to 2025 Read More »
“I never thought the propulsion of a vehicle would become a political issue,” GM Chairman and CEO Mary Barra said on stage at TechCrunch Disrupt on Tuesday. While the executive didn’t expand on this statement, former President Trump has railed against EVs and claimed, wrongly, that there is a mandate to make and sell electric
GM CEO Mary Barra on the politics of EVs, the future of AVs, and moving away from China Read More »
Waymo has closed a $5.6 billion Series C funding round led by parent company Alphabet and joined by a who’s who of Silicon Valley venture firms. Alphabet had previously announced in July that it was pledging another $5 billion to Waymo, but was mum on the specifics, saying only that it was a “multi-year” commitment.
Waymo raises $5.6B from Alphabet, a16z, Silver Lake, and more Read More »
Toyota-backed autonomous vehicle company Pony AI has joined the list of Chinese firms going public on the U.S. stock market after a multi-year ban from Beijing on offshore capital raising. Zeekr, a luxury Chinese electric vehicle startup, debuted on the New York Stock Exchange in May, and WeRide, another AV startup, also hopes to file
Four takeaways from Pony AI’s IPO filing Read More »
Waymo has struck a deal with Hyundai to bring the IONIQ 5 EV to its robotaxi network, adding another autonomous vehicle option as it scales up its business. The autonomous vehicle company announced Friday that it expects to start on-road testing a Waymo-equipped IONIQ 5 by late 2025, with the AV becoming available to riders
Waymo’s next robotaxi will be the Hyundai IONIQ 5 Read More »
Two years ago, Xiaodi Hou was ousted from his position as CEO of TuSimple, an autonomous trucking startup he co-founded that has since shut down U.S. operations and delisted from the stock exchange — and, in an odd twist, the company has pivoted to AI animation and gaming in China. Now Hou is back with
TuSimple founder Xiaodi Hou is back with a new autonomous truck startup Read More »
General Motors’ self-driving subsidiary Cruise must pay a $1.5 million penalty to the National Highway Traffic Safety Administration, after its initial reports to the safety regulator about last year’s pedestrian crash omitted that the company’s robotaxi dragged the woman 20 feet. The penalty is part of a consent order announced by the regulator on Monday.
The White House issued a long-anticipated proposal Monday that would ban Chinese smart cars because internet-connected vehicles pose a national security risk. The proposal, made amid an escalating trade war, could affect U.S. automakers and suppliers that rely on certain hardware to enable connected vehicle systems. “This is both strategic political theater designed to head
First TikTok, now smart cars: How Biden’s new proposed ban will affect U.S. automakers Read More »
Cruise is returning to the streets of Sunnyvale and Mountain View for the first time since it paused operations in the Bay Area after a robotaxi struck a pedestrian in October 2023. The company said Thursday that it will put “several” vehicles driven by humans in the two cities that will initially perform mapping. The
Cruise robotaxis return to the Bay Area nearly one year after pedestrian crash Read More »
