Toyota is buying Lyft’s autonomous car division for $550 million
Lyft is the latest company to abandon the expensive development of AVs
Share this story
Lyft is selling its autonomous vehicle division to a subsidiary of Toyota the latest in a series of acquisitions that is seeing the world of self-driving cars grow increasingly smaller.
Woven Planet Holdings, a subsidiary of Toyota, will acquire Lyft’s self-driving division, Level 5, for $550 million in cash $200 million of which was provided to Lyft up front. The rest of the money, $350 million, will be paid out to Lyft over five years. The ride-hailing company says it will see an annual savings of $100 million of non-GAAP expenses, which it claims will better position it to ultimately earn a profit. Toyota has also agreed to use Lyft’s fleet data and platform for any commercial service it eventually launches under its Woven Planet subsidiary.
The British spy agency GCHQ is so aggressive, extreme and unconstrained by law or ethics that the NSA not exactly world renowned for its restraint often farms out spying activities too scandalous or illegal for the NSA to their eager British counterparts. There is, as the Snowden reporting demonstrated, virtually nothing too deceitful or invasive for the GCHQ. They spy on entire populations, deliberately disseminate fake news, exploit psychological research to control behavior and manipulate public perception, and destroy the reputations, including through the use of sex traps, of anyone deemed adversarial to the British government.
(Article republished from Greenwald.Substack.com)
Gift of the jab
SUBSCRIBE
We ll soon meet in your inbox. / Morning Dispatch
TCS,
Infosys, Wipro and Tech Mahindra, which together employ about a million people, are kicking off huge vaccination drives for them and their families.
Also in this letter:
Tessolve raises $40 million in funding
Karnataka allows only essential deliveries on weekends
Vaccine camps by India s IT firms
Large IT services firms, including Infosys, Wipro, Tech Mahindra are organising Covid vaccination camps on campuses across India for employees and their families. TCS meanwhile has announced plans to vaccinate employees and their families through direct partnerships with vaccine suppliers.
Driving the news: The government has opened up Covid vaccinations for all adults from effective May 1. On Wednesday,
Share this article
Share this article
SAN FRANCISCO, April 22, 2021 /PRNewswire/ Thistle Technologies, a new security company addressing the connected device market, today announced $2.5 million in seed funding from True Ventures. Thistle was founded by Window Snyder, who formerly served as chief security officer at Square, Mozilla, and Fastly, in addition to chief software security officer at Intel Corporation. She s held multiple security leadership positions at Apple and Microsoft.
The number of connected devices in businesses, homes, industrial plants and elsewhere is exploding. Growth will continue to increase dramatically with the adoption of 5G networks. These devices, which include printers, edge IoT devices, remote systems like ATM machines, consumer electronics and automobiles are difficult to securely and reliably update because of their limited processing power and memory. In some environments the devices are too critical to operations for them to be shut down for
Three Vietnamese women enter Forbes 30 Under 30 Asia list tuoitrenews.vn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tuoitrenews.vn Daily Mail and Mail on Sunday newspapers.