Fewer than six months after Uber offloaded its self-driving tech development unit,порнограф онлайн Lyft is ditching its own too.
Lyft is selling its self-driving unit to Woven Planet, a subsidiary of Toyota, in a cash deal worth $550 million, both companies announced on Monday afternoon.
The deal, which constitutes $200 million upfront and the rest over the next five years, takes Lyft's self-driving tech development expenses off its ledgers and also locks in Woven Planet to a partnership that will see the subsidiary using Lyft's platform to commercialise and manage its future robotaxi services.
The acquisition will see Lyft's existing autonomous vehicle development team, known as Level 5, move under Woven Planet Holdings' umbrella; Lyft's own consumer-experience and fleet management team focused on AV will stay in-house, rebranding from Lyft Open Platform to Lyft Autonomous.
“Not only will this transaction allow Lyft to focus on advancing our leading Autonomous platform and transportation network, this partnership will help pull in our profitability timeline,” said Lyft co-founder and president John Zimmer in a statement, adding that the deal, if closed on the planned timeframe, would get the company on a better track towards profitability.
That's serious business for Lyft, as well as Uber — both of which have seen ridesharing suffer during the pandemic, for obvious reasons. Both companies have been throwing cash bonuses at drivers to get them back on the road, as driver numbers dropped hugely during the multiple peaks of the pandemic. And both companies scored a huge win last year with the passage of Proposition 22 in California — which kept the balance of power firmly on the companies' side rather than on that of workers. If that vote had gone the other way, and inspired a domino effect of gig worker labor organizing across more markets, the potential for human drivers to become a significantly bigger expense possibly could have shifted corporate priorities towards autonomous vehicle development rather than away from them.
While there are pilot robotaxi programs already in operation, including Lyft's own partnership with Hyundai-Aptiv venture Motional, and the idea of driverless riding has become a bit more palatable in our newly germaphobic society, Lyft and Uber are betting that they're better off dumping expensive R&D units while locking in platform partnerships with their new buyers.
HEROIC map win overturned at EPL after player uses Snap Tap
Best Macbook Air deal: Save $250 on Apple Macbook Air
BYD produces its 8 millionth EV, takes three months for last million · TechNode
Walking atop an explosive volcano, like White Island, is always dicey
'Walking Dead' Showrunner to Speak at EWP
Best smartphone deals: Shop Apple, Samsung, and Google during October Prime Day
Best October Prime Day deal: Get Amazon Fire tablets up to 56% off
The Despotism of Isaias Afewerki
'FandangObon' Combines Cultural Traditions
Best October Prime Day fitness tracker deals: Samsung Galaxy, Garmin, Apple Watch, and more
Primate Portraits in Hiroshi Watanabe’s ‘Sarumawashi’
Untitled Poems III & IV
Shark skin may get corroded by the acidifying oceans
Arkadium mini crossword answers for October 8
Otsuka Exhibits ‘Kimono Ink: The Art of the Tattoo’
Digital Deconversion
Hard to Be a God
Chinese online retailers may face import duty in the EU · TechNode
EU RMR A Day 3: As it happened
Prime Big Deal Days: The best deals on Apple products are here
Airbnb horror stories are taking over Twitter'Wordle' today: Here's the answer, hints for June 25Yellowstone National Park closed by extreme floods, helicopter footage shows'Overwatch 2' devs talk free to play, Loot Boxes, and other changes10 best Google Chrome extensions for productivityChris Evans' response to those Disney pics of him looking photoshopped is A+Google's AI LaMDA isn't sentient, but has racial and gender biasesApple says it will unveil new products in upcoming monthsMost streamed TV shows this week (June 25) are thrillersJulian Assange faces U.S. extradition after UK gives green light Facebook parent company Meta gives up on building a camera Wordle today: Here's the answer, hints for June 13 Wordle today: Here's the answer, hints for June 9 How 'Everything Everywhere All at Once' is a love letter to moms...and the internet Apple Maps updates announced during WWDC 2022 includes multi Forget 'Jurassic World: Dominion' — 'Prehistoric Planet' is must Wordle today: Here's the answer, hints for June 11 Tech company Nothing confirms July announcement for Phone (1) Wordle today: Here's the answer, hints for June 8 Everything Apple revealed at its WWDC 2022 event
0.2415s , 7985.7890625 kb
Copyright © 2025 Powered by 【порнограф онлайн】Lyft is selling its autonomous vehicle division to Toyota,Feature Flash
