Monday, June 24, 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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Russia, Ukraine trade air attacks as Moscow blames U.S. for beach strike

(Al Jazeera Media Network) Russia and Ukraine traded attacks which resulted in casualties overnight and into Sunday, officials from both sides say. At least five people...

Millions of students at risk of being affected by Indian elite exam scam

(Al Jazeera Media Network) India’s top examinations for admissions into medical schools and research programs have come under unprecedented scrutiny amid mounting evidence of corruption...