Wednesday, February 21, 2024

Toyota gets $550-million self-driving Lyft

Lyft Inc. will sell its self-driving technology unit to Toyota Motor Corp. for $550 million, Reuters reported today. Lyft will receive $200 million cash upfront for Level 5, with the remaining $350 million paid over five years, the companies said. The deal marks Toyota’s latest foray into ride hailing at a time of growing consolidation in the capital-intensive self-driving industry. Toyota said in February it would develop and build autonomous minivans for ride-hailing networks with Aurora and longtime supplier partner Denso Corp.

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Brightest and hungriest black hole detected

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London court to rule on Assange extradition appeal

(Al Jazeera Media Network) London’s High Court has scheduled two days of hearings on Tuesday and Wednesday to decide whether WikiLeaks founder Julian Assange...