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Investors cheer as Lyft's Q1 revenue didn't fall as much as expected – TechCrunch

Investors cheer as Lyft’s Q1 revenue didn’t fall as much as expected Investors gave Lyft’s value a small bump Tuesday after the American ride-hailing company reported results that weren’t quite as bad as the company, and Wall Street, had expected. Shares of the Uber competitor rose as much as 4.5% in after-hours trading following the disclosure of its financial performance from the first three months of the year. As of the time of writing those gains have fallen to a smaller 2.5% gain. ...
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The Station: Lyft sells its self-driving unit, Uber makes a big product push and Revel jumps into ride-hailing – TechCrunch

Hi there, new and returning readers. This is The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from Point A to Point B. We took a week off and now we’re back. Whoop. Let’s catch up on all things transportation. My email inbox is always open. Email me at kirsten.korosec@techcrunch.com to share thoughts, criticisms, opinions or tips. You also can send a direct message to me at Twitter — @kirstenkorosec. Micromobbin’ JOCO, a new d...
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Lyft sells self-driving unit to Toyota's Woven Planet for $550M – TechCrunch

Lyft sells self-driving unit to Toyota’s Woven Planet for $550M Ride-hailing company Lyft has sold off its autonomous vehicle unit to Toyota’s Woven Planet Holdings subsidiary for $550 million, the latest in a string of acquisitions spurred by the cost and lengthy timelines to commercialize autonomous vehicle technology. Under the acquisition agreement announced Tuesday, Lyft’s so-called Level 5 division will be folded into Woven Planet Holdings. Lyft will receive $550 million in cash, wi...
United States Palo Alto City Of United Kingdom John Zimmer Jody Kelman

Photonics West 2021: Making sense of sensors for self-drive

Photonics West 2021: Making sense of sensors for self-drive 12 Mar 2021 From Ford Burkhart Development lab at Lyft Level 5 in Sunnyvale, California.The autonomous vehicle (AV) industry – at companies like Lyft, Waymo and Argo – is not actually looking for a super-sensor. Leading experts from these companies agreed in a Photonics West Digital Forum panel on Thursday that the key is how an auto’s many cameras, lidar and radar systems can cooperate to fill in each other’s bl...
United States Michel Laverne Mark Shand Christy Fernandez Paul Mcmanamon Ford Burkhart
Source: optics.org

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