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The Station: Lyft sells its self-driving unit, Uber makes a big product push and Revel jumps into ride-hailing

The Station: Lyft sells its self-driving unit, Uber makes a big product push and Revel jumps into ride-hailing
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

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Lyft sells self-driving unit to Toyota's Woven Planet for $550M – TechCrunch


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. About 300 people from Lyft Level 5 will be integrated into Woven Planet. The Level 5 team, which in early 2020 numbered more than 400 people in the U.S., Munich and London, will continue to operate out of its office in Palo Alto, California. ....

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Toyota's Woven Planet Buys Lyft's Self-Driving Car Division For $550 Mln

Toyota's Woven Planet Buys Lyft's Self-Driving Car Division For $550 Mln
finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.

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Photonics West 2021: Making sense of sensors for self-drive


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 distinct views of the world” to move to at least Level 4 – known as high driving automation (mostly with no human intervention). Little was said about the futuristic Level 5, smart cars potentially without even steering wheels ....

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