Self-driving car startup now valued at $1.5B

#SelfDriving car #startup #Zoox now valued at $1.5B  #VC #AutonomousVehicles #AI

  • An early computer rendering of Zoox’s Boz sports car, in which passengers face each other as the car drives itself.
  • IHS Automotive has predicted that by 2025 there will be 300,000 self-driving cars and just as many driverless vehicles on the road; by 2030, there will be 2.2 million self-driving and driverless cars on the road; and by 2035, there will be 11 million self-driving and 10 million driverless vehicles in operation.
  • is not a self-driving car any more than the automobile is a horseless carriage.
  • As the auto industry races toward shipping fully autonomous vehicles, self-driving technology startups have become attractive acquisition targets for traditional automakers and others.
  • Ford Motor Co. plans to begin mass producing a fully autonomous vehicle by 2021 that it will sell for ride-hailing markets such as Uber.

Zoox Labs, a two-year old Silicon Valley autonomous vehicle start-up, just raised another $50 million in investment funding, which skyrocketed the company’s market value to $1.5 billion even before it’s shipped a single car.
Continue reading “Self-driving car startup now valued at $1.5B”

Tesla update forces you to keep your hands on the wheel… or else

Tesla update forces you to keep your hands on the wheel... or else

  • Tesla Motors started pushing a software update to its Autopilot system that disables automatic steering for drivers that aren’t paying attention.
  • Tesla sees it as a feature meant to ‘aid’ a driver, not take over completely.
  • Tesla has come under fire recently after a handful of accidents, at least one fatal, caused by its Autopilot system.
  • New updates will reign in expectation a bit by warning the driver three times to place their hands on the wheel before automatic steering disengages and refuses to reengage until the car is parked.
  • Tesla update forces you to keep your hands on the wheel

TNW uses cookies to personalise content and ads to
make our site easier for you to use.
We do also share that information with third parties for
advertising & analytics.

Continue reading “Tesla update forces you to keep your hands on the wheel… or else”