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download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. If what Rossiter said is true, the incident — which Tesla has so far refused to acknowledge publicly — would be the first known fatality linked to the car company's full self-driving technology. Bass and representatives for Tesla did not immediately respond to a request for comment from Business Insider. Tesla's disclaimer for its current self-driving technology reads: "Autopilot, Enhanced Autopilot, and Full Self-Driving Capability are intended for use with a fully attentive driver, who has their hands on the wheel and is prepared to take over at any moment. However, the Full Self-Driving technology — meant to maneuver Tesla vehicles through nearly any scenario — has not been definitively tied to any deaths.
Persons: , Hans von Ohain, Tesla, Erik Rossiter, Ohain's, Ohain, Rossiter, Robert Madden, Madden, Nora Bass, Hans, Musk, Bass Organizations: Service, The Washington Post, Business, Patrol, San Locations: Colorado, The, San Francisco, Oakland
Systems that let drivers take their eyes off the road and fully autonomous systems are coming in about two years. Shashua talked with The Associated Press about the next steps toward autonomous vehicles. A: When you talk about autonomous vehicles, what immediately comes in mind is Waymo, Cruise, robotaxis. Q: When do you see a lot of fully autonomous vehicles on the roads? The second story of an eyes-off system on highways is already in the works.
Persons: robotaxis, Amnon Shashua, Shashua, It’s, Uber, Mobileye Organizations: DETROIT, , General Motors, Intel, Systems, Associated Press, Cruise, Volkswagen Locations: Arizona, San Francisco, Israeli, Los Angeles, China, Europe, U.S
[1/2] Baidu's Apollo car with an autonomous driving system, which serves for self-driving taxi services, is seen at the Shougang Industry Park in Beijing, China July 30, 2021. REUTERS/Tingshu Wang/File Photo Acquire Licensing RightsBEIJING, Dec 5 (Reuters) - China on Tuesday issued safety guidelines for the use of autonomous vehicles in public transport, the latest in a series of measures preparing for the increased use of driverless cars. The guidelines apply to autonomous vehicles for passengers including taxis as well as for freight transportation, the Ministry of Transport said in a statement. They also require companies using autonomous vehicles for public transport to be qualified and licensed and state that companies can work together with automakers on such operations. In October, it issued guidelines for highway engineering facilities to support autonomous driving technology.
Persons: Tingshu Wang, Albee Zhang, Zoey Zhang, Brenda Goh, Christopher Cushing Organizations: REUTERS, Rights, Ministry of Transport, Thomson Locations: Beijing, China, Rights BEIJING
Cruise CEO Kyle Vogt resigned on Sunday, a day after apologizing to staff as the company undergoes a safety review of its U.S. fleet. Cruise pulled all of its vehicles from U.S. testing after an Oct. 2 accident in San Francisco that involved another vehicle and ended with one of Cruise's self-driving taxis dragging a pedestrian. "We're going to do everything we can with the authorities we do have, which are not trivial," Buttigieg told reporters. The unit had in recent months touted ambitious plans to expand to more cities, offering fully autonomous taxi rides. Cruise competes with Alphabet's (GOOGL.O) Waymo in deploying autonomous vehicles and had been testing hundreds in several cities across the United States, notably its home of San Francisco.
Persons: Transportation Pete Buttigieg, Joe Biden, Leah Millis, Pete Buttigieg, Kyle Vogt, Cruise, Buttigieg, David Shepardson, Will Dunham, Chizu Organizations: Transportation, South, REUTERS, Rights, . Transportation, Motors, Traffic Safety Administration, California Department of Motor Vehicles, Transport Workers Union of America, Brotherhood of Teamsters, United Auto Workers, NHTSA, Thomson Locations: Washington , U.S, San Francisco, Buttigieg's, United States
General Motors’ self-driving car unit Cruise has paused its U.S. operations after California regulators called its vehicles unsafe. WSJ reporter Ryan Felton explains what this decision means for the future of autonomous vehicles and rivals like Google’s self-driving unit Waymo. Photo: Elijah Nouvelage/ReutersGeneral Motors ’ Cruise is suspending an internal program that allows employees to cash out shares in the driverless-car company, citing the need to revalue the business after a pedestrian accident led it to halt robotaxi services last month. Cruise notified employees of the decision Thursday in an email from Chief Executive Kyle Vogt , which was viewed by The Wall Street Journal. The autonomous-driving startup, majority owned by GM, told employees that the regular quarterly offer to sell shares would be canceled as it re-evaluates the program.
Persons: Ryan Felton, Elijah Nouvelage, Kyle Vogt Organizations: Motors, Reuters General Motors, Wall Street, GM Locations: California
[1/2] File photo: Heavy traffic as seen on the M3 motorway heading towards the English coast, near Southampton, Britain, August 7, 2020. REUTERS/Toby Melville/File photo Acquire Licensing RightsLONDON, Nov 7 (Reuters) - Britain will make the makers rather than the owners of self-driving cars legally liable for any crashes under a framework for developing autonomous vehicles (AV), the government said on Tuesday, in a move welcomed by insurers and AV startups. King Charles said the government would bring forward an Automated Vehicles Bill as he set out the government's legislative agenda for the forthcoming parliamentary session, after one promised last year did not materialise. "My ministers will introduce new legal frameworks to support the safe commercial development of emerging industries, such as self-driving vehicles," Charles said in a speech to lawmakers. The bill will establish processes to investigate incidents and improve the safety framework, and will also set the threshold for what is classified as a self-driving car.
Persons: Toby Melville, King Charles, Charles, Tara Foley, Alex Kendall, Paul Newman, Alistair Smout, Nick Carey, William James, Kate Holton, Barbara Lewis Organizations: REUTERS, Ireland, AXA, Companies, Microsoft, Motors, Oxford, Thomson Locations: Southampton, Britain, U.S, California
File photo: Heavy traffic as seen on the M3 motorway heading towards the English coast, near Southampton, Britain, August 7, 2020. King Charles said the government would bring forward an Automated Vehicles Bill as he set out the government's legislative agenda for the forthcoming parliamentary session, after one promised last year did not materialise. "My Ministers will introduce new legal frameworks to support the safe commercial development of emerging industries, such as self-driving vehicles," Charles said in a speech to lawmakers. "The Bill gives people immunity from prosecution when a self-driving vehicle is driving itself, given it does not make sense to then hold the person sat behind the wheel responsible." The bill will establish new processes to investigate incidents and improve the safety framework, and will also set the threshold for what is classified as a self-driving car.
Persons: Toby Melville, King Charles, Charles, Alistair Smout, Nick Carey, William James, Kate Holton Organizations: REUTERS, Companies, Motors, Thomson Locations: Southampton, Britain, AVs, U.S, California
Riding into the future: The fate of self-driving technology
  + stars: | 2023-11-03 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRiding into the future: The fate of self-driving technologyCNBC's Deirdre Bosa reports on the battle of autonomous vehicles in San Francisco.
Persons: Deirdre Bosa Locations: San Francisco
The fate of self-driving technology
  + stars: | 2023-11-03 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe fate of self-driving technologyCNBC’s Deirdre Bosa joins 'Power Lunch' to report on the state of autonomous vehicles.
Persons: Deirdre Bosa
NHTSA previously made public another Oct. 20 letter in which it raised concerns over several hard-braking incidents by Cruise vehicles that resulted in collisions. Safety officials cited two videos where Cruise vehicles came close to pedestrians in crosswalks and appeared to nearly strike them. Cruise had been operating an Uber-like service with unmanned vehicles, primarily in San Francisco, but the company halted that service this week. As of Friday, Waymo vehicles continued driverless passenger operations in San Francisco, its main hub. Reporting by Greg Bensinger in San Francisco Additional reporting by David Shepardson in Washington Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.
Persons: Heather Somerville, Cruise, Greg Bensinger, David Shepardson, Matthew Lewis Organizations: General Motors Corp, REUTERS, FRANCISCO, General Motors, National, Traffic Safety Administration, NHTSA, Cruise, California Department of Motor Vehicles, Teamsters, Thomson Locations: San Francisco, California, U.S, crosswalks, Arizona, Texas, Washington
Gavin Newsom has vetoed a bill to require human drivers on board self-driving trucks, a measure that union leaders and truck drivers said would save hundreds of thousands of jobs in the state. Lorena Gonzalez Fletcher, head of the California Labor Federation, said driverless trucks are dangerous and called Newsom's veto shocking. Businesses say self-driving trucks would help them transport products more efficiently. Last Tuesday in Sacramento, hundreds of truck drivers, union leaders and other supporters of the bill rallied at the state Capitol. There are about 200,000 commercial truck drivers in California, according to Teamsters officials.
Persons: Gavin Newsom, Lorena Gonzalez Fletcher, ” Fletcher, Newsom, Administration “ Organizations: , California Labor Federation, Democratic, Department of Motor Vehicles, California, Patrol, Traffic, Administration, Union, Business, Economic Locations: SACRAMENTO, Calif, — California, San Francisco, Sacramento, California
SACRAMENTO, Calif. (AP) — California lawmakers, union leaders and truck drivers are trying to steer Democratic Gov. Gavin Newsom toward signing into law a proposal that could save jobs as self-driving trucks are tested for their safety on the roads. Businesses say self-driving trucks would help them transport transport products more efficiently in the future. In Phoenix, companies have tested self-driving trucks on highways and to deliver mail through a partnership with the U.S. There are about 200,000 commercial truck drivers in California, according to Teamsters officials.
Persons: Gavin Newsom, Republican Assemblymember Tom Lackey, aren't, ” Lackey, , Newsom, Dee Dee Myers, Mike Di Bene, Brian Rice, ” Rice, Jerry Brown, Assemblymember Cecilia Aguiar, Curry, Steve Gordon, Gordon, ___ Sophie Austin, Austin @sophieadanna Organizations: Democratic Gov, Republican, administration’s Department of Finance, Business, Economic, state's Department of Motor Vehicles, U.S . Postal, Drivers, International Brotherhood of Teamsters, Oakland Teamsters, California Professional Firefighters, ” Labor, Hollywood, Department of Motor Vehicles, DMV, Associated Press, America Statehouse News Initiative, America Locations: SACRAMENTO, Calif, California, , San Francisco, Phoenix, Sacramento
"For most of our history, profitable wasn't the first thing that came up when you asked someone about Uber," Khosrowshahi said on Uber's second-quarter conference call Aug. 1. The $1 a ride alone can add up to $4,000 to a driver's annual revenue, the company says. All of them will compete for customers on Uber's platform much as hotels search for business on Expedia.com – a business once run by Khosrowshahi. Indeed, one threat to Uber's current status as a market darling is if AV makers, especially Tesla, decide to compete with Uber directly for riders, Zino said. Khosrowshahi told Sellers that 10-20% of Uber drivers may soon be robots, but said he still thinks more people will be driving for Uber than there are today.
Persons: Angelo Zino, Uber, Savannah, Khosrowshahi, Dara Khosrowshahi, Zino, Scott Devitt, Morgan Stanley's Brian Nowak, undercharging, They've, Devitt, , Hertz, That's, Tracy Lynn Young, Tesla, they've, Cruise, AVs, Sellers Organizations: GM, General Motors, Ideas, Uber Technologies, Aurora, Wedbush Securities, Hyundai, Tesla, EVgo, EVs, TrueCar.com, Uber, CNBC, Hertz, Waymo, Cruise, Khosrowshahi Locations: California, San Francisco, Pittsburgh, Hyundai Kona, London, U.S, North America, Atlanta
A driverless bus will run a seven-stop loop around Treasure Island in San Francisco Bay. San Francisco authorities last week allowed driverless taxis to operate 24 hours a day. Just a week after allowing robotaxis to operate around the clock, San Francisco has launched an driverless shuttle bus service. A day after the announcement, a number of self-driving cars stalled in San Francisco, leading to a bizarre traffic jam captured on video. Beep and the San Francisco County Transportation Authority did not immediately respond to requests for comment from Insider, made outside normal working hours.
Persons: Shelly Caran, John Reynolds Organizations: Miami Zoo, Associated Press, Passengers, AP, California Public Utilities Commission, San, San Francisco County Transportation Authority Locations: San Francisco Bay, San Francisco, Francisco, Florida, Yellowstone, San Francisco County
kevin rooseAnd you’re listening to “Hard Fork.”casey newtonThis week on the show, Sam Bankman-Fried goes to jail. If you give me, like, 1 percent of the internet, that’s going to give me an aneurysm. And those three are actually going to get to live that out. So I actually think the classroom of the future looks remarkably like the classroom today, but you reverse what you’re doing in it. And I think that’s another piece, is we have to not be delusional about what has actually happened in education.
Persons: casey newton, Joe Rogan, kevin roose You’re, casey newton They’ve, kevin roose They’ve, who’s, kevin roose, Kevin Roose, ” casey newton, Casey Newton, Sam Bankman, Fried, what’s, Wharton, Ethan Malek, kevin roose Casey, I’ve, casey newton Guy’s, David Jaffe Bellini, David, ” david jaffe bellini, casey newton Hi, , he’s, david jaffe bellini, david jaffe bellini That’s, they’re, Sam’s, there’s, that’s, Casey, — casey newton, david jaffe bellini I’m, he’d, Caroline Ellison, Caroline Ellison’s, Caroline, She’s, we’ve, they’ve, Sam, He’s, I’m, haven’t, It’s, You’ve, There’s, you’re, Ryan Salem, hasn’t, Gary, Nishad, They’ve, SBF, casey newton Look, Harlem Globetrotters ’, it’s, Kevin, casey newton Oh, kevin roose David Jaffe Bellini, we’re, kevin roose It’s, , casey newton Sure, Ethan Mollick Ethan, kevin roose Ethan Mollick, ” ethan mollick, ethan mollick, That’s, casey newton Tell, ChatGPT, ethan mollick —, you’ve, Steve Jobs, don’t, You’ll, ethan mollick Oh, casey newton Well, We’ve, kevin roose I’m, Ethan, casey newton It’s, they’d, you’ll, They’re, Ethan Mollick, casey newton —, should’ve, let’s, Cruise, casey newton That’s, — david jaffe bellini, kevin roose —, , Alex, casey newton Hey, casey newton Yes, Kyle Vogt, Franciscans, I’ll, kevin roose Totally, casey newton Yep, Uber, casey newton Right, Dirk, Kevin kevin roose, shouldn’t, — casey newton Yes, casey newton Don’t, Rachel Cohn, Davis, We’re, Jen Poyant, Caitlin Love, Sophia Lanman, Dan Powell, Marion Lozano, Rowan Niemisto, Paula Shoeman, Tam, David McCraw, Nell Gallogly, Kate LoPresti, Jeffrey Miranda Organizations: Spotify, The New York Times, FTX, Conference, NFL, Google, “ New York Times, MDC, Republican, Alameda, Twitter, Harlem Globetrotters, Washington Generals, Wharton School, University of Pennsylvania, Fork University, Caud Academy, they’re, TA, . University, University, Hard Fork, Wharton, DMs, San, San Francisco, Cruise, Department of Motor Vehicles, University of Michigan Transportation Research Institute, Virginia Tech Transportation, YouTube Locations: New York, California, Bahamas, Alameda, FTX, autodelete, Caroline, Wharton, GPT, Kenya, America, San Francisco, Charlotte , North Carolina, Texas, North Beach, Cruise, Franciscans, robotaxis, AVs, Rhode Island, Zurich, Paris, Madrid, Swiss, Switzerland
Cruise and Waymo have been running experimental services limited by times and geographic areas within San Francisco. The approval “marks the true beginning of our commercial operations in San Francisco,” said Tekedra Mawakana, Waymo co-CEO, in a prepared statement. San Francisco is important as both a symbolic hub of tech and, with hundreds of AVs already in operation, the largest test lab for the experimental cars. The vehicles, with empty driver seats and self-turning steering wheels, have become a common sight around San Francisco. Commissioner Genevieve Shiroma advocated for a delayed vote noting the volume of public comment and her lingering concerns following evidence that the vehicles have obstructed emergency vehicles in San Francisco.
Persons: Heather Somerville, Waymo, Motors ’, John Reynolds, AVs, Cruise, , Tekedra Mawakana, Prashanthi Raman, Uber, Genevieve Shiroma, Greg Bensinger, Jamie Freed, Diane Craft Organizations: General Motors Corp, REUTERS, FRANCISCO, Motors, California Public Utilities Commission, Transportation, Cruise, Locals, San Francisco Municipal Transportation Agency, Technologists, Thomson Locations: San Francisco, California, U.S, San Francisco's, Francisco
Cruise and Waymo got the go-ahead from state officials Thursday to offer driverless rides 24/7. Robotaxi companies Cruise and Waymo have been given the go-ahead from state officials to offer driverless rides in San Francisco at any hour of the day. Before it got the green light from officials, Cruise and Waymo had been authorized to offer its services from 10 p.m. to 6 a.m in limited areas of San Francisco. "Today's permit marks the true beginning of our commercial operations in San Francisco," Waymo co-CEO Tekedra Mawakana said in a blog post . San Francisco firefighters were forced to smash the front window of a Cruise driverless taxi in January to stop it from running over their hoses as they were engaged in active firefighting.
Persons: Cruise, Waymo, CPUC, Kyle Vogt, Tekedra Mawakana, Darcie Houck, Francisco firefighters, AVs, John Reynolds, Waymo didn't Organizations: California Public Utilities, Morning, California Public Utilities Commission Locations: California, San Francisco, Los Angeles, Mountain, Francisco
The maker of Tre model electric trucks has decided to make battery electric trucks only to order and focus on hydrogen fuel cell trucks. The company laid off 270 employees in June and liquidated assets of a recently acquired battery maker last month. Nikola forecast third-quarter revenue of $18 million to $28 million, compared with estimates of $34.5 million, according to Visible Alpha. Other electric vehicle (EV) startups also have toiled to ramp up production, meet delivery targets and raise funds as cash reserves dwindled. Separately, Nikola reported a narrower second-quarter loss as lower production of its Tre battery-electric trucks in the April-June period helped keep costs in check.
Persons: Stephen Girsky, Brendan McDermid, Nikola, NKLA.O, Michael Lohscheller, Girsky, Tre, Trevor Milton, Akash Sriram, Abhirup Roy, Will Dunham, Anil D'Silva, Sriraj Kalluvila, David Gregorio Our Organizations: VectolQ, Reuters, of Autonomous Vehicles, REUTERS, U.S, General Motors, Friday's, Nikola, Fisker, Thomson Locations: New York City, U.S, Phoenix, Bengaluru, San Francisco
Nikola's investors on Thursday approved a proposal that will allow the company to issue more shares. The maker of Tre model electric trucks has been trying to pivot to hydrogen fuel cell technology. Nikola forecast third-quarter revenue of $18 million to $28 million, compared with estimates of $34.5 million, according to Visible Alpha. It had cash and cash equivalents of $226.7 million at the end of the second quarter, compared with $441.8 million, a year earlier. The company laid off 270 employees in June and liquidated assets of a recently acquired battery maker last month.
Persons: Stephen Girsky, Brendan McDermid, Nikola, okayed, Michael Lohscheller, Girsky, Tre, Trevor Milton, Akash Sriram, Abhirup Roy, Anil D'Silva, Sriraj Kalluvila, David Gregorio Our Organizations: VectolQ, Reuters, of Autonomous Vehicles, REUTERS, General Motors, Thomson Locations: New York City, U.S, Bengaluru, San Francisco
REUTERS/Brendan McDermid/File photoAug 4 (Reuters) - Nikola (NKLA.O) on Friday named its fourth CEO in as many years as the electric truck maker navigates a host of challenges including dwindling cash reserves, lingering supply chain snags and a pivot to hydrogen fuel cell technology. The Tre battery-electric trucks maker forecast third-quarter revenue of $18 million to $28 million, compared with estimates of $34.5 million, according to Visible Alpha. Nikola's investors approved a proposal that will allow the truck maker to issue more shares to raise funds. Milton stepped down as CEO in 2020 after short-seller Hindenburg issued a scathing report that labeled Nikola a "fraud." Separately, Nikola reported a narrower second-quarter loss as lower production of its Tre battery-electric trucks in the April-June period helped keep costs in check.
Persons: Stephen Girsky, Brendan McDermid, Nikola, Michael Lohscheller, Trevor Milton, Milton, Hindenburg, Romeo Power, Akash Sriram, Anil D'Silva Organizations: VectolQ, Reuters, of Autonomous Vehicles, REUTERS, General Motors, EV, Lordstown Motors, Thomson Locations: New York City, U.S, Phoenix , Arizona, Bengaluru
EV maker Nikola names fourth CEO in as many years
  + stars: | 2023-08-04 | by ( ) www.reuters.com   time to read: +1 min
[1/2] Stephen Girsky, Managing Partner for VectolQ, speaks during a Reuters Newsmaker event on the Future of Autonomous Vehicles in New York City, U.S. June 20, 2017. REUTERS/Brendan McDermid/File photoCompanies Nikola Corp FollowAug 4 (Reuters) - Electric truck maker Nikola said on Friday that Michael Lohscheller will step down as chief executive officer less than a year after taking over the job and would be replaced by Stephen Girsky at the end of the month. Girsky, who is currently the company's chairman, will be Nikola's fourth CEO in as many years. Separately, Nikola reported a narrower second-quarter loss as lower production of its Tre battery-electric trucks in the April-June period helped keep costs in check. Reporting by Akash Sriram in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.
Persons: Stephen Girsky, Brendan McDermid, Nikola, Michael Lohscheller, Lohscheller, Akash Sriram, Anil D'Silva Organizations: VectolQ, Reuters, of Autonomous Vehicles, REUTERS, Nikola, Thomson Locations: New York City, U.S, Phoenix , Arizona, Europe, Bengaluru
Data center development is booming and AI is expected to stoke already growing demand. Demand is sapping power grids in major markets and pushing data center development across the US. The project's neighbors include Google, Meta, Microsoft, and Amazon – all of whom have similar plans, or are already underway with major data center projects. The message came after a torrid period of growth by the data center industry in that region. Wes Swenson, Nova's CEO, said the Reno region was becoming increasingly popular for data center development because of its access to power.
Persons: Matt McCollister, Martin Peck, Lincoln Rackhouse, Peck, Blackstone, Jonathan Gray, Drew Angerer, Bard, Gray, Pat Lynch, Robbie Sovie, Sovie, Georgia Power, Skybox, Rob Morris, Morris, George Frey, Novva, Wes Swenson, Nova's, Swenson, CBRE, Lynch Organizations: stoke, Lincoln Property Company, Harrison Street, Google, Meta, Microsoft, Amazon, Lincoln, Carrier, QTS, Dominion Energy, Dominion, Washington DC, APS, QuadReal, Georgia, Reuters, Data Centers, CIM Group Locations: Ohio, New Albany, Columbus, Northern Virginia, Dallas, Phoenix, Silicon Valley, Chicago, Virginia, Loudoun County, Washington, Arizona, Southwest, Lithia Springs , Georgia, Atlanta, Vancouver, Hutto , Texas, Austin, Eagle Mountain , Utah, Reno , Nevada, Storey County, Reno, Silicon, Salt Lake City, West Jordan , Utah, CBRE
But self-driving cars powered by AI are not the only change — AI technology is already being infused into vehicle production. CNBCFurther down the line, AI technology checks to ensure every stud is precisely placed, according to BMW Group Manager Curtis Tingle. A BMW worker at the AI Stud Correction Station. CNBCAccording to Tingle, the AI stud correction laser has already saved the company more than $1 million a year. BMW told CNBC the AI technology is patent pending and was developed inside the Spartanburg plant.
Persons: Curtis Tingle, Tingle, Camille Roberts, Roberts Organizations: BMW Group, CNBC, BMW, BMW Group's, cnbc Locations: BMW'S, Spartanburg, South Carolina, U.S
Volkswagen Group of America (VWGoA) starting its first autonomous vehicle test program in Austin beginning in July 2023. Volkswagen said Thursday that it will begin testing self-driving electric vehicles in Austin, Texas, later this month. The first two of those vans are already in the U.S. and will begin testing before the end of July, it said. The self-driving ID Buzz vans are equipped with lidar, radar and camera systems. For now, all of its self-driving vehicles will have human safety drivers on board while testing.
Persons: Austin, Katrin Lohmann, Lohmann Organizations: Volkswagen Group of America, Volkswagen, Mobileye Locations: Austin, Austin , Texas, U.S
7. Anduril Industries
  + stars: | 2023-05-09 | by ( Cnbc.Com Staff | ) www.cnbc.com   time to read: +3 min
Anduril Industries operates in an increasingly complex security environment, where science and technology innovation are needed for the U.S. military to keep an edge. Throughout 2022, defense technology specialist Anduril Industries supplied drones, artificial intelligence software and training to help the Ukrainian Armed Forces conduct surveillance and reconnaissance missions. With a recent round of venture financing directed toward cutting-edge autonomous militaristic products, Anduril Industries stands to help fill this gap and scale it up. Building on that acquisition, last year Anduril Industries partnered with the U.S. Special Operations Command on a 10-year, $967 million contract to provide systems for shooting down drones. Anduril also bought startup Dive Technologies, a maker of underwater vehicles, to expand its suite of autonomous vehicles.
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