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Search resuls for: "May Mobility"


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AdvertisementCompetition from driverless taxis could reduce Uber and Lyft drivers' earnings in the years to come. Many drivers told BI that the gig has become less profitable recently due to increased competition. As the adoption of driverless taxis spreads across the US, ride-hailing experts told Business Insider that Uber and Lyft drivers could see their earning opportunities slowly deteriorate. Garin said that many ride-hailing drivers work part-time and don't rely on the gig as their primary source of income. A Lyft spokesperson did not respond to BI's question about the impacts driverless taxis could have on ride-hailing drivers.
Persons: Carl Benedikt Frey, Frey, Waymo, Uber, robotaxis, Andrew Garin, Garin, who've, Lyft, Sergio Avedian, Guy, Bernstein, Nicole Moore, Lindsey Cameron, we've, we're Organizations: Oxford Internet Institute, Drivers, Carnegie Mellon University's Heinz, Atlanta, Phoenix, Mobileye, Wharton School, University of Pennsylvania Locations: San Francisco, Phoenix, Las Vegas, Los Angeles, Austin, Aurora, China
Despite an overall slump in startup funding, 2023 saw a scramble among investors to pour money into AI and machine learning startups. And the company's star still appears to be rising, despite a messy leadership struggle that recently spilled into public view. Meanwhile OpenAI's perennial rival Anthropic attracted multi-billion dollar investments from both Google and Amazon to fund a competing AI model known as Claude. At the same time legacy companies from John Deere to accounting firm PwC played up their AI bona fides to capitalize on the hype. The list doesn't include startups who have not publicly released the amount of their funding rounds.
Persons: OpenAI, Anthropic, Claude, Databricks, John Deere, PwC, Fresh Organizations: Microsoft, Google, Alpha, Technology, Monogram, Sigma, Lambda, Helsing, Metals, Eagle Eye, Amelia, Asimov, Farmers Business, Harbinger, Prins, Silo, Mistral, Alto, AMP, Management Software, Universal, Coro, Kodiak Robotics, Aerospace, Defense, Sana, Corti, Kyte, Mitra, Tech, Boss Digital Technology, Halcyon, & $ Locations: PitchBook
Sensor is seen on a vehicle at Aeva Inc, a Mountain View, California-based startup that makes lidar sensors to help self-driving vehicles see the road in an undated handout photo provided September 4, 2020. Courtesy of Aeva Inc/Handout via REUTERS/ File Photo Acquire Licensing RightsNov 8 (Reuters) - Aeva Technologies (AEVA.N) on Wednesday said it has inked a deal to supply May Mobility with a key sensor for its self-driving shuttles. Silicon Valley-based Aeva has developed what is known as a lidar sensor that helps self-driving vehicles gain a detailed, long-range view of the road. Under the deal, Aeva will supply multiple sensors for "thousands" of May Mobility vehicles through 2028, Aeva Chief Executive Officer Soroush Salehian told Reuters in an interview. He said May Mobility will need to rewrite some of its software to use the Aeva sensors but that they will eventually improve the long-range sensing of its shuttles, which are based on Toyota Sienna minivans.
Persons: Cruise, Soroush Salehian, Edwin Olson, Olson, Stephen Nellis, Mark Potter Organizations: Aeva Inc, REUTERS, Aeva Technologies, Mobility, Motors, Japan's Nippon, Telephone, NTT, Toyota, Aeva, Reuters, May Mobility, Toyota Sienna, San, Thomson Locations: , California, Silicon, Michigan, San Francisco
A Toyota logo is seen during the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. REUTERS/David 'Dee' Delgado/File Photo Acquire Licensing RightsTOKYO, Nov 6 (Reuters) - Japan's Nippon Telegraph and Telephone (NTT) (9432.T) plans to test driverless vehicle technology with Toyota Motor (7203.T) and invest in a U.S. startup developing self-driving systems, a spokesperson for the telecommunications firm said on Monday. The Nikkei newspaper first reported on Monday that NTT will invest in May Mobility, adding that both NTT and Toyota would jointly develop vehicles. Both the NTT spokesperson and a Toyota spokesperson said they had no plans for joint development. Cruise late that month suspended all driverless vehicle operations in the United States following an accident that led California regulators to order the company to remove its driverless cars from state roads.
Persons: David, Dee, Delgado, Cruise, Daniel Leussink, Maki Shiraki, Satoshi Sugiyama, Louise Heavens, Christina Fincher Organizations: New York, REUTERS, Rights, Japan's Nippon, Telephone, NTT, Toyota Motor, Nikkei, Toyota, Mobility, Tokio, Honda, General Motors, Cruise, Thomson Locations: Manhattan , New York City, U.S, Japan, Michigan, United States, California
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