Amazon is under discussion with self-driving technology startup Zoox in an acquisition attempt that would value the company at less than the $3.2 billion it had when it raised funding in 2018. As reported by The Wall Street Journal, the companies are still in talks, and a finalized agreement might not be reached for several weeks.
Zoox was founded to develop software and hardware needed to create an ecosystem of electric-powered self-driving taxis, which users can call on via a smartphone...
Waymo, the autonomous driving unit of Alphabet, announced Tuesday that it has raised a further $750 million in external investment. This investment is right behind the $2.25 billion financing the company raised in March — its first-ever non-Alphabet investment.
Waymo’s idea of raising $3 billion in external investment when its parent company is cash-rich Alphabet might raise some eyebrows. However, companies like Waymo and Cruise, the autonomous vehicle (AV) unit of General Motors, going for...
UPS on August 15 said its venture capital arm, UPS Ventures, has made a minority investment in autonomous driving company
https://container-news.com/ups-invests-in-self-driving-trucks/
The department of transportation is getting a little more creative about how it defines “driver,” Secretary Elaine Chao announced Thursday. In the third version of the department’s official stance on self-driving, the department said it would “adapt the definitions of ‘driver’ and ‘operator’ to recognize that such terms to not refer exclusively to a human, but may in fact include an automated system.” The computers have a ticket to drive now—at least where federal regulations are concerned.
And...