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Self-driving Vehicles

A Chinese firm that makes driverless delivery vans is thriving amid the coronavirus outbreak Self-driving Vehicles

A Chinese firm that makes driverless delivery vans is thriving amid the coronavirus outbreak

A Chinese startup that makes driverless delivery vans says it has seen demand skyrocket amid the COVID-19 outbreak.Neolix's founder, Yu Enyuan, told Bloomberg that the firm had taken orders for more than 200 vehicles in the past two months — before that, it had made only 125 units since it…
bubmag
March 9, 2020
Uber and scores of VCs are investing millions into trucking innovation — but little is going toward self-driving trucks, despite the hype around them. Here’s why. Self-driving Vehicles

Uber and scores of VCs are investing millions into trucking innovation — but little is going toward self-driving trucks, despite the hype around them. Here’s why.

Technologists and big spenders in America's $800 billion trucking industry are investing in new types of trucking software — but not much in self-driving trucks.That's because the likelihood that self-driving trucks will be realized in the coming decade is diminishing further and further, making it a lesser focus for big…
bubmag
March 7, 2020
FiveAI raises $41 million to commercialize its self-driving technology Self-driving Vehicles

FiveAI raises $41 million to commercialize its self-driving technology

Five has raised $41 million in venture capital as the startup seeks to turn the self-driving research it has conducted into commercial products and services. The U.K.-based startup has created a technology stack to power autonomous vehicles. The company uses AI and machine learning that would let cars use simpler…
bubmag
March 4, 2020
Google’s self-driving biz Waymo eyes expansion with $2.25B cash injection Self-driving Vehicles

Google’s self-driving biz Waymo eyes expansion with $2.25B cash injection

In a blog post yesterday, Alphabet‘s self-driving project, Waymo, announced it has secured $2.25 billion in its latest funding round. Most of the cash came from external investors, it’s also worth noting this is the first time the company has welcomed external investment. Investors included VC firm Andreessen Horowitz, auto…
bubmag
March 3, 2020