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Uber Looking to Sell a Minority Stake in its Autonomous Vehicle Unit

Uber Looking to Sell a Minority Stake in its Autonomous Vehicle Unit

Ride-hailing company Uber is preparing to sign a deal to sell a minority stake in its autonomous vehicle unit Uber ATG ahead of next month’s IPO. The deal would allow Uber to retain operational control of ATG while reducing its cash burden.

Eric Walz2019-04-17 17:14 PT

Lidar Startups Innoviz & Ouster Raise Millions to Supply Tech for Self-Driving Cars

Lidar Startups Innoviz & Ouster Raise Millions to Supply Tech for Self-Driving Cars

One of the most important pieces of hardware for self-driving vehicles is lidar and two emerging lidar startups announced this week they raised millions in new funding to supply the technology. Israeli startup Innoviz Technologies said on Tuesday it raised $132 million, bringing its total funding to $214 million, while San Francisco-based Ouster said on Monday it raised $60 million.

Eric Walz2019-03-26 19:07 PT

NVIDIA to Partner with Toyota Research Institute AD to Develop Self-Driving Vehicles

NVIDIA to Partner with Toyota Research Institute AD to Develop Self-Driving Vehicles

NVIDIA CEO Jensen Huang delivered the opening keynote at Nvidia’s annual GTC conference in Silicon Valley on Monday to share some of the advanced projects his company is working on. Among yesterday's major announcements is a new partnership between Nvidia and the Toyota Research Institute Advanced Development (TRI-AD) to develop, train and validate self-driving vehicles.

FutureCar Staff 2019-03-19 11:23 PT

Waymo Develops its Own Advanced 3D Lidar for Self-Driving Vehicles, Will Offer it to Third Parties

Waymo Develops its Own Advanced 3D Lidar for Self-Driving Vehicles, Will Offer it to Third Parties

In a blog post today, Waymo shared details about its new advanced lidar sensor, which it calls the “Laser Bear Honeycomb”. Waymo says its lidar provides best in class performance. Waymo said it will sell the sensors to other select companies outside of the self-driving car industry,  beginning with robotics, security and agricultural technology.

Eric Walz2019-03-06 17:00 PT

The Daimler & BMW Alliance Seeks to Standardize Technology for Self-Driving Cars

The Daimler & BMW Alliance Seeks to Standardize Technology for Self-Driving Cars

BMW and Daimler are looking to standardize autonomous driving technologies for once these vehicles are commercially deployed. Speaking at the Geneva Motor Show today, Klaus Froehlich, BMW’s board member responsible for development, said there should be an industry standard that can help to shape future regulation for self-driving cars.

FutureCar Staff 2019-03-06 13:15 PT

BMW & Daimler to Partner on Self-Driving Technology to Speed Development

BMW & Daimler to Partner on Self-Driving Technology to Speed Development

Daimler and BMW announced that they will work together on self-driving technology, hoping to harness the power of strength in numbers to speed up the development of autonomous driving technology.

Eric Walz2019-02-28 16:10 PT

Volkswagen Ready to Invest $1.7 Billion in Ford’s Self-Driving Unit Argo AI

Volkswagen Ready to Invest $1.7 Billion in Ford’s Self-Driving Unit Argo AI

Volkswagen AG is looking to invest around $1.7 billion in a self-driving car venture with Argo AI, the self-driving arm of Ford Motor Co, according to people familiar with the matter.

FutureCar Staff 2019-02-26 18:29 PT

GM’s Self-Driving Arm Cruise Automation Signs Lease for a New Office in Southern California

GM’s Self-Driving Arm Cruise Automation Signs Lease for a New Office in Southern California

​San Francisco-based Cruise Automation, the startup working with General Motors to develop its self-driving technology, is expanding its presence to Southern California. The self-driving arm of GM is reportedly moving into a two-story building in Pasadena, California.

FutureCar Staff 2019-02-25 19:03 PT

HERE Technologies Develops New Map Data That Includes Cell Signal Strength for Connected Cars

HERE Technologies Develops New Map Data That Includes Cell Signal Strength for Connected Cars

Mapping company HERE Technologies​ has partnered with Continual, a leading provider of connected car and subscriber analytics to developed a new map data set called HERE Cellular Signals, which includes the strength of cellular networks around the world. To create HERE Cellular Signals, HERE fused its global radio (cellular) map with its leading GPS map of the road network.

FutureCar Staff 2019-02-20 13:27 PT

Ford & Volkswagen Collaboration with Argo AI Could Value the Self-Driving Startup at $4 Billion

Ford & Volkswagen Collaboration with Argo AI Could Value the Self-Driving Startup at $4 Billion

​Ford Motor Co. and Volkswagen AG are inching closer towards an agreement to collaborate on self-driving cars together with Argo AI, Ford’s self-driving unit. According to a report from Bloomberg, the two automakers have overcome earlier obstacles and are making progress in their talks.

FutureCar Staff 2019-02-15 18:05 PT

Amazon Enters the Self-Driving Car Space with Investment in Aurora

Amazon Enters the Self-Driving Car Space with Investment in Aurora

Silicon Valley self-driving startup Aurora Innovation Inc. has secured an additional $530 million in its latest Series B funding round. Participating in the investment round is retail giant Amazon. The latest funding values the startup at $2.5 billion and will help Aurora to further develop its autonomous driving technology.

Eric Walz2019-02-07 13:26 PT

Apple Cuts 200 Employees From its Secret Self-Driving Car Project

Apple Cuts 200 Employees From its Secret Self-Driving Car Project

Tech giant Apple has dismissed about 200 employees from its secretive autonomous car project known as “Project Titan”.

Eric Walz2019-01-24 11:45 PT

NVIDIA Announces 'Drive AutoPilot' Level-2 Automated Driving System at CES

NVIDIA Announces 'Drive AutoPilot' Level-2 Automated Driving System at CES

NVIDIA typically reserves some big announcements for major events like the annual Consumer Electronics Show (CES) in Las Vegas, and this year was no exception. The computer hardware giant unveiled its first commercial ready autonomous driving system it calls NVIDIA DRIVE AutoPilot.

FutureCar Staff 2019-01-09 11:51 PT

The New PAVE Coalition Aims to Educate the Public to Embrace Self-Driving Technology

The New PAVE Coalition Aims to Educate the Public to Embrace Self-Driving Technology

Global automakers including Toyota, tech companies working on autonomous mobility, and other stakeholders have joined together to form a coalition called PAVE, which stands for “partners for automated vehicle education”. The coalition launched the first ever campaign to inform the public about the potential of self-driving technology.

Eric Walz2019-01-07 17:48 PT

Lyft Granted Patent for Tech Allowing Self-Driving Cars to Communicate with Pedestrians

Lyft Granted Patent for Tech Allowing Self-Driving Cars to Communicate with Pedestrians

Ride-hailing company Lyft Inc. was granted a U.S. patent for a “autonomous vehicle notification system” that communicates with pedestrians and other road users.

FutureCar Staff 2018-12-12 12:24 PT

Robosense Named 2019 CES Innovation Award Honoree for its LiDAR Solution for Self-Driving Cars

Robosense Named 2019 CES Innovation Award Honoree for its LiDAR Solution for Self-Driving Cars

RoboSense​, a China-based company working on an advanced lidar and perception systems for autonomous driving, announced that it has been named a CES 2019 Innovation Awards Honoree for its RS-IPLS Intelligent Perception LiDAR System.

Eric Walz2018-11-12 13:19 PT

Tencent is Recruiting for an Autonomous Driving Team in Silicon Valley

Tencent is Recruiting for an Autonomous Driving Team in Silicon Valley

Tencent is looking to assemble a autonomous driving team in Silicon Valley. The company posted an advertisement on the business networking site LinkedIn to recruit autonomous driving engineers and researchers in the U.S.

FutureCar Staff 2018-11-07 15:31 PT

Ford & Baidu to Test Self-Driving Cars in China

Ford & Baidu to Test Self-Driving Cars in China

The Ford Motor Company and China’s Baidu launched a two-year project on Wednesday to test self-driving vehicles on Chinese roads. The move is another partnership between a tech company and established automaker in the race to develop autonomous driving technology.

Eric Walz2018-10-31 10:50 PT

Waymo Granted California Permit to Test Self-Driving Cars Without Human Backup

Waymo Granted California Permit to Test Self-Driving Cars Without Human Backup

The California DMV has granted Waymo the first ever permit to test its driverless minivans without a human backup, meaning there will be no test driver sitting in the driver’s seat.

FutureCar Staff 2018-10-30 16:01 PT

Tesla Updates its Autopilot to Work on Highway Interchanges

Tesla Updates its Autopilot to Work on Highway Interchanges

Tesla models equipped with the latest software version will now be able to navigate freeway interchanges autonomously. The new feature is called “Navigate on Autopilot” and uses the car’s built-in navigation system to guide the vehicle from a freeway on-ramp to the off-ramp.

Eric Walz2018-10-30 11:49 PT

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