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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, with $200 million paid upfront. The remaining $350 million will be made in payments over five years. A...

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 blind spots. What’s vital, said Michel Laverne, of Argo AI, is “fusing together their distin...