self-driving technology

Lyft Inc (NASDAQ: LYFT) is selling its self-driving unit Level 5 to Toyota Motor Corp (NYSE: TM) subsidiary Woven Planet Holdings for $550 million in cash, the companies announced on Monday — a move that is expected to help the ride-sharing company hit its profitability target a...

Chinese electric vehicle maker Li Auto Inc. (NASDAQ: LI) believes its self-driving system will rival those of Tesla Inc. (NASDAQ: TSLA) and Huawei Technologies by next year, cnEV post reported Tuesday. What Happened: Li Xiang, CEO of Li Auto, said on Weibo that all of the company’s current...

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk appeared on Clubhouse on early Monday morning and talked about a wide variety of subjects ranging from colonization of Mars to the latest on his companies. On The Future of Tesla: The entrepreneur said that the automaker wants to make 20 million cars and...

BlackBerry Ltd. (NYSE: BB) announced late Monday it has expanded its partnership with Chinese tech giant Baidu Inc. (NASDAQ: BIDU) on self-driving technology. The company's shares surged 16.5% in the pre-market session on Tuesday. What Happened: Under the expanded partnership, Baidu’s...

Xpeng Inc (NASDAQ: XPEV) began rolling out a highly anticipated over the air upgrade with Xpilot 3.0 advanced driver assistance system for its flagship P7 sedan on Tuesday, according to a CNBC report. What Happened: The OTA update includes the Navigation Guided Pilot (NGP) announced...

Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) self-driving unit Waymo’s CEO John Krafcik dismissed Tesla Inc (NASDAQ: TSLA) as a competitor in an interview with Germany's Manager Magazin. What Happened: “For us, Tesla is not a competitor at all,” Krafcik told Manager Magazin....

Anthony Levandowski, a self-driving technology pioneer convicted of stealing trade secrets, received a full pardon from the outgoing President Donald Trump on his last day in office. What Happened: The White House in a statement described Levandowski as “an American entrepreneur who led...

Apple Inc (NASDAQ: AAPL) is working with its supplier Taiwan Semiconductor Manufacturing Company Ltd. (NYSE: TSM) on a chip for an autonomous vehicle, Apple Insider reported Wednesday. What Happened: The two companies have made concrete plans to set up a factor that will make chips for an...

Uber Technologies Inc (NYSE: UBER) has finalized a deal to offload its self-driving unit Uber Advanced Technologies Group to Aurora Innovation. What Happened: The combined company created by the merger of the two autonomous driving businesses is valued at close to $10 billion, according...

Israeli tech startup Innoviz Technologies Ltd is reportedly deliberating a public listing in the U.S. through a merger with a special purpose acquisition company. Innoviz manufactures Light Detection and Ranging (LiDAR) sensors for autonomous vehicles. What Happened: Bloomberg ...

Apple Inc (NASDAQ: AAPL) has filed for a patent for a system that can detect damaged windshields in a vehicle electrically and can even schedule a repair job. What Happened: The Tim Cook-led company filed for the patent on Nov. 19, CNET Roadshow first noticed. The system examines the...

Walmart Inc (NYSE: WMT) said Tuesday it is launching a pilot program with General Motor Company’s (NYSE: GM) self-driving car unit Cruise for contact-less delivery early next year in Scottsdale, Arizona. What Happened: The retail giant’s customers would be able to place an order from...

An owner of a Model 3 vehicle made by Tesla Inc (NASDAQ: TSLA) said that he accidentally purchased a $4,280 software upgrade for the sedan due to butt-dialing and couldn't get the automaker to issue a refund. What Happened: The Model 3 owner Ali Vaziri noticed he had accidentally ...

Nikola Corporation’s (NASDAQ: NKLA) freshly-appointed chairman, Steve Girsky, is looking to back self-driving truck maker TuSimple, TechCrunch reported Sunday. What Happened: Girsky would be funding the investment from his consulting and investment firm VectoIQ LLC, run in partnership...

A former engineer at Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) subsidiary Waymo, who pleaded guilty to stealing secrets related to self-driving technology from the search engine giant and passing them on to Uber Technologies Inc. (NYSE: UBER), has been sentenced to 18 months in prison...