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With lidar companies Ouster and Velodyne officially merged, CEO Angus Pacala has identified the next phase of growth. And it’s not self-driving cars or even advanced driver assistance systems. It’s smart infrastructure. “I keep saying this and people think I’m crazy, but there’s a good chance that smart infrastructure becomes our biggest vertical by a long […]
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Tesla recorded a $204 million impairment loss in 2022 on its bitcoin holdings, according to regulatory filings. The loss was offset by $64 million in profits from bitcoin trading, leaving the automaker with a net loss of $140 million. Tesla had invested $1.5 billion in bitcoin during the first quarter of 2021, stating that it […]
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Uber recently launched its new advertising division and in-app ads. Apparently, those ads aren’t staying within the app. Instead, ads from other companies are being sent out as push notifications, much to the chagrin of some Uber users. Over the weekend, people turned to Twitter to complain about the notifications, sharing screenshots of ads, including […]
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Nvidia is gearing up to deliver Drive Thor, its next-generation automotive-grade chip that the company claims will be able to unify a wide-range of in-car technology from automated driving features and driver monitoring systems to streaming Netflix in the back for the kiddos. Thor, which goes into production in 2025, is notable not just because it’s […]
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The United States Department of Defense is deepening its relationship with electric vertical take-off and landing (eVTOL) aircraft company Joby Aviation. Joby said Wednesday that it is expanding its existing contract with the U.S. Air Force’s Agility Prime program, which is an initiative the Air Force launched in April 2020 to test, experiment and generally […]
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The idea for Gepek, a Croatian startup that aims to tap the sharing economy for same-day deliveries, came about because a brother and sister wanted to help their mother access her medication quickly. One Friday afternoon, Carla and Dario Ferreri’s mother had arrived at a seaside village for a holiday when she realized she forgot […]
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Chinese internet giant Baidu has secured permits to offer a fully driverless commercial robotaxi service, with no human driver present, in Chongqing and Wuhan via the company’s autonomous ride-hailing unit, Apollo Go. Baidu’s wins in Wuhan and Chongqing come a few months after the company scored a permit to provide driverless ride-hailing services to the […]
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Ride-hail giant Lyft reported strong second-quarter earnings Thursday. Earlier this year, investors had been skeptical of Lyft’s ability to offset the costs of increased investments to attract and retain drivers. However, Lyft was able to take advantage of severe internal cost-cutting measures combined with a post-COVID boom in travel to help it deliver its highest […]
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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 […]
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Autonomous trucking company TuSimple used its second-quarter earnings call to address an April crash during which one of the company’s autonomous trucks suddenly veered across the I-10 highway in Tuscon, slamming into a concrete barricade. The crash first came to light via a YouTube video that showed footage of the crash along with a letter […]
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