Toyota subsidiary to acquire Lyft’s autonomous vehicle division

Toyota subsidiary Woven Planet has announced that it’s acquiring Lyft’s autonomous vehicle division for $550 million.

The division, known as Level 5, has established itself among the leaders in the development of autonomous driving technologies.

Logan Green, Co-Founder and CEO of Lyft, said:

“Today’s announcement launches Lyft into the next phase of an incredible journey to bring our mission to life. Lyft has spent nine years building a transportation...

27 April 2021 | Connected Vehicles

Musk claims Tesla is ‘very close’ to achieving Level 5 autonomous driving

Tesla CEO Elon Musk has a more ambitious timescale in mind for achieving Level 5 autonomous driving than many other experts.

Level 5 self-driving is defined as requiring no human driver at any time, can drive in any city, and in any weather conditions. The previous level is considered “mind off” meaning that a human driver is rarely needed but may be required to intervene if driving in an unprogrammed area or in conditions such as snow.

“We overestimated the...

9 July 2020 | AI