Posts filtered by tags: Austin Russell[x]


 

Forbes' youngest self-made billionaire owes his success to dropping out of college

Autonomous driving technology company Luminar's stock has soared since making its NYSE debut, and founder and CEO Austin Russell credits the foundation of his success to dropping out from Stanford University.
Tags: Finance, Article, Nyse, Forbes, FBN, Fbn/markets, FOXBusiness, Fox-business/markets/stocks, Fox-business/industries/auto, LUMINAR, Austin Russell, Fox-business/markets/ipos, Angelica Stabile, Fox-business/shows/the-claman-countdown, Fox-business/topic/artificial-intelligence, F0636a73-1dbe-5fb5-a1b5-94dbf75fdfbe


Luminar going public makes 25-year-old Austin Russell one of world's first, and youngest, self-driving billionaires

Luminar CEO and co-founder Austin Russell poised to become a billionaire as his autonomous driving company goes public through a SPAC deal.
Tags: SPAC, LUMINAR, Austin Russell


Mobileye taps Luminar to supply lidar for its robotaxi fleet

Luminar, the buzzy sensor startup that is on the verge of becoming a publicly traded company, locked in a supplier deal to furnish Intel subsidiary Mobileye with lidar for its fleet of autonomous vehicles. The deal, announced Friday, will see a rising star paired with a company that has long dominated the automotive industry. While the supplier agreement is nowhere near the scale of Mobileye’s core computer vision business, it is an important collaboration that extends beyond a few pilot prog...
Tags: Transportation, Tech, Intel, Automotive, Volvo, Daimler, Russell, Mobileye, LUMINAR, Austin Russell, Dubai Tel Aviv Paris China, Daegu City South Korea Mobileye, Mobileye CEO Ammon Shashua


Daimler invests in lidar company Luminar in push to bring autonomous trucks to highways

Daimler’s trucks division has invested in lidar developer Luminar as part of a broader partnership to produce autonomous trucks capable of navigating highways without a human driver behind the wheel. The deal, which comes just days after Daimler and Waymo announced plans to work together to build an autonomous version of the Freightliner Cascadia truck, is the latest action by the German manufacturer to move away from robotaxis and shared mobility and instead focus on how automated vehicle...
Tags: Startups, Transportation, Tech, Automotive, Volvo, Lidar, Daimler, SPAC, Daimler Trucks, Russell, Gores, Freightliner Cascadia, TORC, LUMINAR, Austin Russell, Autonomous Trucks


Insider Transportation: SpaceX makes 'final attempt' to clear out Texas villagers for its rocket resort, Rivian's 6-figure salaries, and Luminar's bet on lidar

SpaceX has now made what it calls a final attempt to take over the last dozen or so houses that remain outside its possession in Boca Chica, Texas. Reuters For more than a year now, SpaceX has been trying to clear residents out of Boca Chica, the beachside Texas village where Elon Musk has decided to build a "resort" for launching rockets to orbit, the moon, and Mars. But not everybody wants to give up their home, and SpaceX has now made what it calls a final attempt to take over the last d...
Tags: Transportation, Spacex, Elon Musk, Texas, California, Trends, Tesla, Vw, Electric Vehicles, Volkswagen, Mercedes, Amg, Reuters, Russell, Alex Davies, Boca Chica


The Station: Luminar takes the SPAC path and Voyage lifts the hood on its next-gen robotaxi

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hello and welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. I’ll skip the typical wind up and get right to things this week. We’ve got SPACs, venture deals and micromobility news along with a peek at one AV company’s newest vehicle. I wanted to mention o...
Tags: Transportation, Elon Musk, Florida, California, Bono, Senate, China, Berlin, New York City, Sacramento, San Francisco, Linkedin, Tech, Tesla, Austin, Automotive


25-year-old Luminar CEO just sold the self-driving-car startup he founded in high school in a $3.4 billion deal

Autonomous vehicle sensor maker Luminar said Monday it was selling itself in a deal valued at $3.4 billion via a SPAC merger with Gores Metropoulos. Volvo and tech mogul Peter Thiel are also chipping in. The deal means that Luminar will become a public company, trading on the Nasdaq under the ticker symbol "LAZR." Luminar makes lidar, which bounces lasers off objects to help self-driving cars sense their surroundings, at much cheaper rates than many of its competitors. The founder and CEO of L...
Tags: Amazon, Stanford, Trends, Peter Thiel, Nasdaq, Volvo, Lidar, Cnbc, SPAC, Russell, Russel, LUMINAR, Austin Russell, Zoox, Gores Metropoulos, Gores Metropoulos Volvo


Lidar startup Luminar to go public via $3.4 billion SPAC merger

Luminar, the lidar startup that burst onto the autonomous vehicle scene in April 2017 after operating for years in secrecy, is merging with special-purpose acquisition company Gores Metropoulos Inc., with a post-deal market valuation of $3.4 billion. Gores Metropoulos, which is listed on the Nasdaq exchange, is a special purpose acquisition company, or SPAC sponsored by an affiliate of The Gores Group, the global investment firm founded in the late 1980s by Alec Gores. The SPAC merger comes j...
Tags: TC, Samsung, Tech, Automotive, Silicon Valley, Detroit, Volvo, Lidar, Nick Woodman, SPAC, Russell, Thiel, The Gores Group, Alec Gores, LUMINAR, Austin Russell


The top 20 most valuable venture-backed AI companies, including Palantir, UiPath, and Databricks — valued at over $120 billion total (UBER, GOOG)

A list of the 20 most valuable venture-backed companies in artificial intelligence boasts a combined valuation of some $120 billion. Most of the list are privately-held startups; some of them — namely Waymo and Uber Advanced Technology Group — are subsidiaries of much larger companies, but that are said to be eyeing IPOs of their own. Investment remains robust despite an uncertain economy, a reflection of the great potential of AI innovation, analysts say.  Seven of the 20 make autonomous car ...
Tags: Google, Amazon, Uber, Microsoft, Stanford, US, Trends, Chicago, Google Docs, Andreessen Horowitz, Jeff Bezos, Palantir, General Atlantic, General Catalyst, Databricks, Salesforce Ventures


The top 20 most valuable venture-backed AI companies, including Palantir, UiPath, and Databricks — valued at $120 billion total (UBER, GOOG)

A list of the 20 most valuable venture-backed companies in artificial intelligence boasts a combined valuation of some $120 billion. Most of the list are privately-held startups; some of them — namely Waymo and Uber Advanced Technology Group — are subsidiaries of much larger companies, but that are said to be eyeing IPOs of their own. Investment remains robust despite an uncertain economy, a reflection of the great potential of AI innovation, analysts say.  Seven of the 20 make autonomous car ...
Tags: Google, Amazon, Uber, New York, Microsoft, Stanford, US, Trends, Chicago, Google Docs, Andreessen Horowitz, Jeff Bezos, Palantir, General Atlantic, General Catalyst, Databricks


Amazon's $1.2 billion deal to buy Zoox shows just how hard building a self-driving car still is —and why even more startups could become buyout targets (AMZN, UBER, WMT)

Amazon's deal to buy self-driving car startup Zoox could foreshadow more deals to come. Autonomous vehicle technology is proving to be much harder to develop than early enthusiasts predicted. It could take a decade or more and tens of billions of dollars for the industry to develop commercially viable robo-taxi services that are built around fully autonomous vehicles, industry experts told Business Insider. The time and investment is likely beyond what most venture firms were prepared for, and...
Tags: Amazon, Ebay, Softbank, Trends, Intel, UPS, Silicon Valley, Toyota, Honda, Trucks, Shopify, Garcia, Aurora, Wal Mart, Daimler Trucks, Otto


Volvo to use Luminar’s lidar in production vehicles to unlock automated driving on highways

Volvo Cars will start producing vehicles in 2020 that are equipped with lidar and a perception stack — technology developed by Silicon Valley startup Luminar that the automaker will use to deploy an automated driving system for highways. For now, the lidar will be part of a hardware package that consumers can add as an option to their Volvo vehicle, starting with the second-generation XC90. Volvo will combine Luminar’s lidar with cameras, radar, software and back-up systems for functions such...
Tags: TC, Technology, Los Angeles, Tech, Tesla, Green, Automotive, Silicon Valley, Automotive Industry, Driver, Volvo, Laser, Iris, Lidar, TechCrunch, Cto


Luminar nabs former Uber executive to lead LiDAR startup’s business development

Luminar, the buzzy LiDAR startup founded by Austin Russell, has added another high-profile executive to its ranks. This time, Luminar has hired Uber executive Brent Schwarz as its head of business development. Schwarz, who has been at Luminar for about two months now, comes from Uber by way of self-driving truck startup Otto, which acquired his own LiDAR startup. Schwarz is a veteran in the LiDAR sensor industry. He was vice president of sales and marketing at Velodyne from 2009 to 2012 an...
Tags: Apple, TC, Transportation, Uber, Tech, Intel, Automotive, Goldman Sachs, Toyota, Fitbit, Volvo, Lidar, Orlando Florida, Otto, Russell, Schwarz




LiDAR startup Luminar hires former Fitbit and Apple execs

LiDAR company Luminar  and its whiz founder Austin Russell burst onto the autonomous vehicle startup scene last April after operating for years in secrecy. Now, Luminar has nabbed two high-profile hires that signal its grander ambitions in the race to develop and deploy autonomous vehicles. Luminar announced Thursday it has hired Fitbit executive Bill Zerella as its chief financial officer and Tami Rosen as chief people officer. Both have years of experience in their respective arenas. Ze...
Tags: Apple, Ipo, Tech, Automotive, Goldman Sachs, Fitbit, Russell, Rosen, Toyota Research Institute, Bill Zerella, LUMINAR, Austin Russell, Tami Rosen, Zerella, Vocera Force10 Networks, Fitbit Zerella


Luminar rolls out its development platform and scores Volvo partnership and investment

The wizards in lidar tech at Luminar are doubling down on the practical side of autonomous car deployment with a partnership with and investment from Volvo, as well as a new “perception development platform” that helps squeeze every last drop out of its laser-based imagery. Volvo Cars has been one of the big investors in autonomous vehicles, and while they have produced some cars equipped for driverless operation, the company seems to understand that this is a very long game it’s playing. There’...
Tags: Startups, TC, Transportation, Funding, Artificial Intelligence, Automotive, Autonomous Vehicles, Self-driving Cars, Volvo, Lidar, Russell, Volvo Cars, Toyota Research Institute, LUMINAR, Austin Russell


LIDAR and self driving cars need to get a lot better

In 2017, Austin Russell, CEO of Silicon Valley LIDAR startup Luminar, said the first generation of self-driving cars will cost $300,000-$400,000. * Current systems have a “critical failure... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Tags: Innovation, Lidar, LUMINAR, Austin Russell, Silicon Valley LIDAR


Three days left to save on tickets to TechCrunch Tel Aviv

In case you haven’t heard yet, TechCrunch is ready to descend on Tel Aviv for a one-day conference focused exclusively on mobility — and all that it entails. Tel Aviv’s startup community is red hot and fast-growing, which makes sense considering Israeli tech stands at the forefront of mobility. TechCrunch Tel Aviv takes place on June 7, 2018, and you have only three days left before the early-bird ticket price — 265 ILS — disappears. Buy your tickets right here, right now. Mobility’s on the cusp...
Tags: Google, TC, Tel Aviv, Tech, Gm, Waze, General Motor, Austin Russell, Argus Cyber Security, Luminar Technologies, Ofer Ben Noon, TechCrunch Tel Aviv, Tel Aviv Convention Center Pavilion, Liad Itzhak, TC Tel Aviv, Ariella Grinberg


Austin Russell is speaking at TechCrunch’s Tel Aviv event on Mobility

TechCrunch is coming to Tel Aviv, Israel to unpack the revolution that is coming in Mobility. So we’re excited to announce that a pioneer of the space, Austin Russell, will be speaking. Austin Russell is an accomplished applied physicist, and founder and CEO of Luminar Technologies, Inc. He founded the company in 2012 with a vision to develop a new type of LiDAR for the autonomous vehicle industry. Austin began his career as an inventor at an early age, writing his first patent by the time he wa...
Tags: TC, Europe, Stanford, Tel Aviv, Tech, Austin, Tel Aviv Israel, LUMINAR, Austin Russell, Luminar Technologies Inc, Beckman Laser Institute He


Here’s What It Will Take to Make Autonomous Cars a Reality

Austin Russell, founder of Luminar Tech, and Michael Fleming, CEO of Torc, took the stage late in the day at the Autos2050 conference I attended in Washington, D.C., last week. Austin is a 22-year-old wunderkind whose company is building the future of transportation with LiDAR--a detection system that works on the principals of radar, but...
Tags: General, Digital Transformation, Washington, Advertising, Austin, Voice, Michael Fleming, TORC, Austin Russell, Luminar Tech


Envision the Future: Request Your Invite to Our Napa Summit June 8-9

We are getting down to the wire—just two and a half weeks until Xconomy’s most unique, up close and personal event of the year: our sixth annual Napa Summit: The Xconomy Retreat on Technology, Jobs, and Growth. We have only about 20 spots left open, and a number of those will likely go fast. So request your invitation today to this special conference in the heart of California wine country and join a standout group of executives, innovators, investors, technologists, and entrepreneurs who...
Tags: Jobs, California, Cancer, Aids, Events, Trends, Investing, Economy, It, Vc, Artificial Intelligence, Innovation, Computing, National, Autonomous Vehicles, Biotech


Meet the 22-year-old college dropout who wants to power every future self-driving car

There's a race to the bottom in making self-driving cars more affordable than ever, but Austin Russell has been running an entirely different race. The 22-year-old college dropout has been sitting quietly for the last five years and watching as manufacturers rush to create cheaper versions of Lidar, a laser-based radar system that's a key component in self-driving cars since it allows cars t0 "see" the road.  Russell, now the CEO of self-driving car technology startup Luminar, decided to skip wo...
Tags: Google, Uber, San Francisco, Trends, Peter Thiel, Nintendo, Silicon Valley, Lidar, Stanford University, Cto, Portola Valley, Orlando Florida, Russell, Thiel, LUMINAR, Austin Russell


Aspiring Tech Prodigy Tries To Re-Route Self-Driving Cars

Austin Russell, now 22, was barely old enough to drive when he set out to create a safer navigation system for robot-controlled cars. His ambitions are about to be tested. Five years ago, Russell [pictured above] co-founded Luminar Technologies, a Silicon Valley startup trying to steer the rapidly expanding self-driving car industry in a new direction. Luminar kept its work closely guarded until Thursday, when the startup revealed the first details about a product Russell is touting as a far mo...
Tags: Google, San Francisco, Silicon Valley, Russell, LUMINAR, Austin Russell, Luminar Technologies


Luminar Introduces LiDAR Tech That May Help Make Autonomous Cars Safer

Every big-name automaker is working on autonomous cars. But it’s an unknown startup that is gaining attention for its unique sensor technology, which promises improved visibility compared to other systems. Often considered a key component of autonomous vehicle systems, LiDAR sends out light pulses that are reflected off objects, helping the car gather a view of its environment. Luminar, a young California company, claims it has built a better mouse trap than other companies. Luminar’s LiDAR syst...
Tags: News, California, Orlando Fla, LUMINAR, Austin Russell, Portola Valley Calif Luminar, Luminar Reuters


Luminar reveals sensors that could make self-driving cars safer than human

 Cameras help autonomous vehicles read street signs and the color of traffic lights. But LiDARs, aka light detection and ranging systems, do the important work of sensing and helping cars avoid obstacles, whether that’s a fallen tree, drunk driver, or a child running out into the road. Now, a startup called Luminar Technologies Inc., is unveiling a high-resolution LiDAR sensor that was… Read More
Tags: Fundings & Exits, Startups, Transportation, Hardware, Tech, Artificial Intelligence, Sensors, Automotive, Venture Capital, Autonomous Vehicles, Self-driving Cars, Lidar, Seed Funding, LUMINAR, Austin Russell, Rebecca Lynn


'Chumlee' from 'Pawn Stars' to take plea deal

Austin Russell, known as "Chumlee" on the hit History Channel series "Pawn Stars," told a judge Monday he is taking a plea deal that would keep him out of jail in connection to weapon and drug charges, The Associated Press reports.
Tags: Associated Press, Austin Russell


Home of 'Pawn Stars' Chumlee searched

When authorities searched reality star Austin Russell's home last week after sexual assault allegations, they found 12 guns and assorted drugs, an arrest report shows.
Tags: Chumlee, Austin Russell


'Chumlee' from 'Pawn Stars' arrested

Austin Russell, known as "Chumlee" on the hit History Channel series "Pawn Stars," was arrested Wednesday on weapon and drug charges, the Las Vegas Metropolitan Police Department said.
Tags: Las Vegas Metropolitan Police Department, Austin Russell


Police seize drugs, guns from 'Chumlee's' home

When authorities searched reality star Austin Russell's home last week after sexual assault allegations, they found 12 guns and assorted drugs, an arrest report shows. Las Vegas police arrested Russell, who is known as "Chumlee" on History Channel se...
Tags: Las Vegas, Russell, Austin Russell


Pawn Stars' Austin 'Chumlee' Russell Arrested in Las Vegas

Reality star Austin Russell (AKA Chumlee) has been arrested in Las Vegas. According to the Las Vegas Sun, the 33-year-old Pawn Stars personality was was taken into custody on 19 gun and drug charges on Wednesday (March 19). “We don’t have details yet but are here to help Chumlee however we can,” his co-star Rick [...]
Tags: Arrest, Las Vegas, Rick, Las Vegas Sun, Las Vegas According, Chumlee, Austin Russell, Austin Chumlee Russell, Austin Russell AKA Chumlee