self-driving cars

Autonomous vehicles, or AVs, are no longer a distant dream or science fiction—they're hitting roads, farms and factories worldwide as breakthroughs in artificial intelligence spark a commercial revolution across a $1.2 trillion industry. In a report shared with clients on Tuesday, Bank of America...

Aurora Innovation, Inc. (NASDAQ:AUR) shares are plummeting in after hours trading Tuesday after Uber Technologies, Inc. (NYSE:UBER) announced plans to sell some of its Aurora Innovation stake in a senior notes offering. What Happened: According to an SEC filing, Uber plans to sell $1 billion of...

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) subsidiary Waymo announced on Thursday its plans to introduce its autonomous vehicles to Miami, Florida. The valuation of the driving technology company has skyrocketed in recent years. Waymo in Miami: The Mountain View, California-based company highlighted...

The U.S. Commerce Department has proposed banning key Chinese software and hardware in connected vehicles on American roads, citing national security concerns. What Happened: The proposed regulation would effectively bar nearly all Chinese cars from entering the U.S. market. The Biden...

In a world where technology is rapidly advancing, researchers are now investigating the possibility of smarter vehicles revolutionizing traditional traffic signals, potentially replacing the conventional red, yellow, and green lights. What Happened: Modern vehicles equipped...

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk said on Wednesday that though rival automakers can license its full self-driving software (FSD), it will be best suited for integration into new cars. What Happened: Retrofitting the software into existing cars might not be worth it given the number of systems...

Nvidia Corp. (NASDAQ:NVDA) delivered impressive quarterly results after the bell on Wednesday, exceeding analyst expectations across most segments. However, one area of concern was the 4% year-over-year decline in automotive revenue, raising questions about the adoption of self-...

Senior Vice President of Autonomous Vehicle Platforms at General Motors Co‘s (NYSE:GM) autonomous driving unit Cruise said on Thursday that he has resigned from the company, to be the latest of the series of executive departures at the company since it suspended operations in the United...

General Motors (NYSE:GM) autonomous vehicle division, Cruise, was urged to increase its settlement offer in a California hearing about a severe accident involving one of the company’s autonomous taxis. What Happened: According to a report by Teslarati, a Cruise self-driving...

General Motors Co‘s (NYSE:GM) autonomous vehicle subsidiary, Cruise, has issued a recall for a subsystem within 950 of its automated driving systems after identifying its role in a recent accident involving a Cruise AV. What Happened: Following a collision, Cruise AVs are designed to either pull...

The future launch of robotaxis from Tesla Inc (NASDAQ: TSLA) is one of the reasons some investors such as Cathie Wood see the valuation of the electric vehicle maker growing. A new survey covering the robotaxi sector might not help the thesis of future adoption of robotaxis. What Happened:...

Ten Cruise autonomous vehicles brought traffic on Vallejo Street in California to a halt, creating a roadblock that inconvenienced human drivers. This occurrence took place on a Friday night, shortly after California’s decision to extend driverless robotaxi operations ...

Rafaela Vasquez, the backup driver of an Uber Technologies (NYSE:UBER) self-driving vehicle involved in a fatal collision in 2018, pled guilty to endangerment. The landmark case marked the first fatality with a fully autonomous car, raising questions about responsibility in such...

Tesla Inc (NASDAQ: TSLA) started delivering Model Y vehicles equipped with the much-anticipated Hardware 4 (HW4), an upgraded version of Tesla's self-driving hardware setup. This new development was initially spotted by Not a Tesla App online, and later confirmed by Twitter user...

Key Takeaways: Revenues have surged at iMotion Automotive since it started producing control systems for autonomous driving in 2021 But the company faces competition for investment cash as a host of other tech firms in the self-driving sector prepare to go public By Emily Chan Imagine a motor...