Posts filtered by tags: Zoox[x]


 

Zoox becomes fourth company to land driverless testing permit in California

Zoox, the automated vehicle technology startup that was acquired by Amazon this year, has been issued a permit from California regulators that will allow it to test driverless vehicles on public roads. The permit is not for all public roads in the state, but it’s still notable considering the company will be able to test its vehicles without a human safety operator behind the wheel. The California Department of Motor Vehicles, the agency that regulates automated vehicle testing in the state, ...
Tags: Amazon, Transportation, California, Tech, Automotive, Autonomous Vehicles, Las Vegas, Nevada Department of Motor Vehicles, San Mateo County, Foster City, National Highway Traffic Safety Administration, Mark Rosekind, California Public Utilities Commission, California Department of Motor Vehicles, Waymo, Zoox


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


Self-driving cars could boost margins for Uber and Lyft — and open the door to competition from Amazon and Tesla (UBER, LYFT)

Autonomous vehicles, once fully developed and ready to carry customers, could boost Uber and Lyft's profit margins. But they'll also open the door to competitors like Amazon and Tesla, said Loup Ventures managing partner Gene Munster. Uber and Lyft likely have at least 5 to 10 years before they face serious competition from robotaxi services, Munster said. Are you a current or former employee of Uber or Lyft? Do you have an opinion about what it's like to work there? Contact this reporter at m...
Tags: Amazon, Lyft, Uber, California, US, Trends, Tesla, Munster, Gene Munster, Dara Khosrowshahi, Waymo, Loup Ventures, Zoox, Tesla Uber Lyft, Alphabet Amazon, Aptiv


REVEALED: How much Waymo, Cruise, and Zoox employees make, from engineers to managers

Many employees at the top self-driving companies make six-figure salaries, according to data the companies have disclosed to the US government. Business Insider analyzed 2020 data from Argo AI, Aurora Innovation, Cruise, Waymo, and Zoox. The positions included in this story have salaries ranging from $115,040 to $234,000. Visit Business Insider's homepage for more stories. Building a self-driving car is an enormously difficult task that requires gifted engineers who are willing to spend years...
Tags: Amazon, Uber, India, US, San Francisco, Trends, General Motors, Cruise, Ford, Arizona, Volkswagen, Argo, Aurora, Waymo, Zoox, Tesla Waymo


Self-driving power-player salaries revealed: How much Waymo, Cruise, and Zoox employees make, from engineers to managers

Many employees at the top self-driving companies make six-figure salaries, according to data the companies have disclosed to the US government. Business Insider analyzed 2020 data from Argo AI, Aurora Innovation, Cruise, Waymo, and Zoox. The positions included in this story have salaries ranging from $115,040 to $234,000. Visit Business Insider's homepage for more stories. Building a self-driving car is an enormously difficult task that requires gifted engineers who are willing to spend years...
Tags: Amazon, Uber, India, US, San Francisco, Trends, General Motors, Cruise, Ford, Arizona, Volkswagen, Argo, Aurora, Waymo, Zoox, Tesla Waymo


Elon Musk is sparring with Bill Gates after he criticized Musk's coronavirus comments. Here are 10 other rivalries that have formed between some of the world's biggest tech leaders.

While there are many close friendships among tech CEOs in Silicon Valley, there are plenty of feuds, too.  Some appear to be friendly rivalries — like Salesforce CEO Marc Benioff and Oracle CEO Larry Ellison — but others have become more contentious.  Tim Cook and Mark Zuckerberg, for example, have been openly feuding for years, while Elon Musk and Jeff Bezos have made digs at each other over outer space.  Visit Business Insider's homepage for more stories. Silicon Valley is a breeding ground...
Tags: Apple, Amazon, Facebook, Mark Zuckerberg, Twitter, Spacex, Elon Musk, Cook, Jobs, Instagram, Microsoft, Steve Jobs, Washington, Time, US, San Francisco


Elon Musk and Bill Gates are sparring over Gates' criticism of Musk's coronavirus comments. Here are 10 other rivalries that have formed between some of the world's biggest tech leaders.

While there are many close friendships among tech CEOs in Silicon Valley, there are plenty of feuds, too.  Some appear to be friendly rivalries — like Salesforce CEO Marc Benioff and Oracle CEO Larry Ellison — but others have become more contentious.  Tim Cook and Mark Zuckerberg, for example, have been openly feuding for years, while Elon Musk and Jeff Bezos have made digs at each other over outer space.  Visit Business Insider's homepage for more stories. Silicon Valley is a breeding ground...
Tags: Apple, Amazon, Facebook, Mark Zuckerberg, Twitter, Spacex, Elon Musk, Cook, Jobs, Instagram, Microsoft, Steve Jobs, Washington, Time, US, San Francisco


This Silicon Valley pharmacy raised $39 million in three separate rounds with the same bare-bones pitch deck

Truepill is quite a bit different from other venture-backed startups when it comes to funding and investor presentations — the company has basically used the pitch deck it created for Y Combinator's demo day for all three of its outside funding rounds. The presentation is a bare-bones one that focused on the success the company was already having in the market by the time it went looking for outside investors. Cofounders Sid Viswanathan and Umar Afridi didn't feel a need to update it, because ...
Tags: Amazon, Trends, Tesla, Silicon Valley, San Jose, Cvs, Garry Tan, Afridi, Tan, San Mateo California, Troy Wolverton, Amazon Here, Viswanathan, Zoox, Umar Afridi, Truepill


This Silicon Valley pharmacy, which powers Hims and Nurx, raised $39 million in three separate rounds with the same bare-bones pitch deck

TruePill is quite a bit different from other venture-backed startups when it comes to funding and investor presentations — the company has basically used the pitch deck it created for Y Combinator's demo day for all three of its outside funding rounds. The presentation is a bare-bones one that focused on the success the company was already having in the market by the time it went looking for outside investors. Cofounders Sid Viswanathan and Umar Afridi didn't feel a need to update it, because ...
Tags: Amazon, Trends, Tesla, Silicon Valley, San Jose, Cvs, Garry Tan, Afridi, Tan, San Mateo California, Troy Wolverton, Amazon Here, Nurx, Viswanathan, Zoox, Umar Afridi


Elon Musk appeared to imply that Jeff Bezos is too old and Blue Origin is 'too slow' to reach the moon

Elon Musk escalated his years-long feud with Jeff Bezos in a new interview with The New York Times.  Musk appeared to call Bezos too old and Bezos reusable rocket company, Blue Origin, too slow to ever accomplish its goal of sending people to the moon.  Musk and Bezos have been feuding over space travel for years. Musk has called Bezos a copycat and Bezos has called the idea of colonizing Mars — a main goal of SpaceX — "un-motivating." Visit Business Insider's homepage for more stories. Elon ...
Tags: Amazon, Spacex, Elon Musk, Trends, Nasa, Bbc, New York Times, Grimes, Jeff Bezos, United Launch Alliance, Musk, Blue Origin, Jeff, Bezos, Maureen Dowd, Zoox


This startup launched a drink-delivering robot but switched to a service that lets customers place their own food and drink orders. It just raised $3 million using this pitch deck

Bbot makes software that allows customers to place their own food and drink orders inside restaurants and bars. The company originally developed a ceiling-mounted robot that would ferry drinks from the bar to a table over the heads of customers, but found more demand for the ordering software they created for their system. Demand for Bbot's service exploded during the coronavirus pandemic; with their doors closed, many restaurant and bar owners seemed to reevaluate their technology needs and d...
Tags: Google, Amazon, Europe, New York, London, Trends, Tesla, Customers, Silicon Valley, Business Insider, Palmer Luckey, Bay Area, Cincinnati, Simoni, Troy Wolverton, Amazon Here


Tesla takes aim at Rivian in lawsuit alleging trade secret theft, poaching talent

Tesla filed a lawsuit against electric vehicle automaker Rivian and four former employers, on allegations of poaching talent and stealing trade secrets. Bloomberg was the first to report the lawsuit filed in California Superior Court in Santa Clara. Tesla alleges in the lawsuit that Rivian recruits Tesla employees and encourages them to take proprietary information as they leave. Tesla claims in the lawsuit that it has discovered an “alarming pattern” among employees who have recently left to jo...
Tags: Amazon, TC, Tech, Tesla, Bloomberg, Aurora, Zoox, Amazon Ford, Normal Illinois, XPENG Motors, Rivian, RJ Scaringe, LA Auto Show Since, California Superior Court in Santa Clara Tesla, Rivan, T Rowe Price Associates Inc Amazon


Meet the husband-and-wife team that run AngelPad, the exclusive startup accelerator whose early bet on Postmates just led to a $2.65 billion Uber acquisition

AngelPad was one of the earliest accelerators — companies that help founders get their startups up and running — and is still going strong a decade later. Although it's less well known than some of its peers, AngelPad has had repeated successes and just scored a big hit when Postmates, one of its earliest startups, agreed earlier this month to be acquired by Uber for $2.7 billion. Unlike other accelerators, AngelPad has largely stayed true to the original vision of its founders, Carine Magesca...
Tags: Google, Amazon, Twitter, Europe, New York, Ipo, US, San Francisco, Trends, Tesla, Walmart, Silicon Valley, Airbnb, Blackstone, Lehmann, Business Insider


LEAKED: A decade before Postmates was acquired by Uber for $2.65 billion, its founder used this 13-slide pitch deck to sell his idea for the new delivery service (UBER)

Postmates' original pitch deck, put together by founder Bastian Lehmann, was leaked this week to Business Insider. The pitch deck makes clear Lehmann's broad ambitions for his startup; he wanted to created a general-purpose local courier service, not just a food delivery company. Lehmann ended up building one of the top food delivery companies in the space, outlasting competitors and raising $900 million in funding. Last week, Uber announced plans to buy Postmates for $2.65 billion. Visit Busi...
Tags: Amazon, Uber, US, San Francisco, Trends, Tesla, Postmates, Lehmann, Palmer Luckey, Bastian Lehmann, Troy Wolverton, Amazon Here, Zoox


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


This VC just raised $150 million to invest in ground transportation startups. He says there are better opportunities than trying to find the next Tesla. (AAPL, LYFT, TSLA)

Quin Garcia's venture firm, Autotech Ventures, is on the lookout for new deals. Autotech focuses on startups that are involved in ground transportation in some way, but instead of looking for the next Tesla, it invests in those making software or services or that are developing marketplaces. It's already had some notable successes — it made money off its investment in Lyft and three other startups it backed with its first fund have been acquired. Autotech recently raised a second fund of $150 ...
Tags: Apple, Amazon, Lyft, Trends, Tesla, Business Insider, Palmer Luckey, Garcia, PitchBook, Troy Wolverton, Amazon Here, AutoTech Ventures, Zoox, Frontier Car Group, Quin Garcia, Autotech


This VC backed self-driving car startup Zoox into a big buyout by Amazon. Here's why he says that deal signals a new wave of automation. (AMZN, SHOP)

The industrial supply chain is about to see a new wave of automation powered by intelligent robots and other devices, Shahin Farshchi, a partner with Lux Capital, told Business Insider. Companies that operate factories and warehouses or transport of goods will be widely adopting new technologies in the coming years to reduce labor costs and speed up operations, he said. Amazon's purchase of Zoox — one of Lux's portfolio companies — a part of this broader trend, Farshchi said. There's going to ...
Tags: Amazon, Trends, Shopify, Business Insider, Palmer Luckey, Lux, Troy Wolverton, Amazon Here, Kiva Systems, Lux Capital, River Systems, Shahin Farshchi, Zoox, Veo Robotics, Aeva, Farshchi


A top industry executive says there are 3 major players in autonomous vehicles, and Waymo, the most talked-about company in the business, isn't one of them (APTV)

An autonomous-vehicle company needs a talented software team, a lot of money, and close ties to a car company to become a major player in the industry, according to Karl Iagnemma, the CEO of Hyundai and Aptiv's autonomous-vehicle joint venture. Aptiv, Cruise, and Argo AI are the only companies that have all three, he said. Aprtiv and Hyundai plan to have an automated-driving platform available to ride-sharing services, fleet operators, and automakers by 2022 while also building their own self-...
Tags: Google, Amazon, Elon Musk, Trends, General Motors, Tesla, Ford, Panasonic, Las Vegas, Volkswagen, Hyundai, Cto, Karl Iagnemma, Waymo, Argo AI, Zoox


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


Jeff Bezos' fortune just surpassed $171 billion. Here's how he built Amazon into a $1.4 trillion company and became the world's richest man. (AMZN)

Amazon CEO Jeff Bezos' net worth just reached a new high of $171.6 billion. Bezos founded Amazon in 1995. The company has since grown to one of the most valuable, powerful companies on the planet. Bezos has gone from a New York hedge-funder to the richest man in the world, but in the process, he's weathered a high-profile divorce and hacking scandal, faced antitrust scrutiny from lawmakers, and everything in between.  These days, Bezos is focused on making Amazon more climate-friendly, growing...
Tags: Google, Amazon, Elon Musk, New York, Texas, Instagram, Microsoft, Congress, Washington Post, Washington, Germany, New York City, Trends, Bloomberg, Iran, Intel


Jeff Bezos is reportedly now worth over $171 billion, more than he was worth before his divorce (AMZN)

Jeff Bezos' net worth has reached an all-time high of $171.6 billion, according to Bloomberg. The boost comes after Amazon's shares hit a new high of $2,878.70, pushing Bezos' fortune higher than it was before his divorce from MacKenzie Bezos. She received 25% of the couple's Amazon shares as part of the settlement.  Amazon has seen a surge in demand during the coronavirus pandemic, leading the company to hire thousands of workers and temporarily raise worker pay.  But the company has also fac...
Tags: Amazon, Elon Musk, Congress, Trends, Bloomberg, Jeff Bezos, Bezos, Oreal, AMZN, Bloomberg Bloomberg, Zoox, MacKenzie Bezos, Françoise Bettencourt Meyers, Billionaire Index Amazon


Senior Zoox engineers rush to work for Waymo a week after Amazon acquisition

Last week, Amazon bought self-driving startup Zoox for over $1billion. Now, two of Zoox’s longest serving engineers have left to work for Alphabet subsidiary and rival, Waymo. Last week, e-commerce giant Amazon bought self-driving startup Zoox with the intention of helping it “realize its dream.” But Amazon doesn’t really have any business in robotaxis, so it’s not immediately clear what the online retailer is wanting to get out of the deal. Some, including TNW, suggest that Amazon might eventua...
Tags: Amazon, Startups, Cars, TNW, Self-driving, Shift, Waymo, Zoox


Amazon shelled out $1.2B for Zoox, but should stay away from robotaxis

Early last week, rumors that e-commerce giant Amazon would be buying an autonomous vehicle startup started to surface. By the end of the week, it was a done deal. But what is Amazon doing buying an autonomous vehicle startup? According to a Financial Times report, Amazon recently paid $1.2 billion to buy self-driving tech up-and-comer, Zoox. This makes it Amazon’s biggest foray into self-driving tech, and one of the company’s biggest acquisitions ever. I need to be honest here, Zoox isn’t one of...
Tags: Amazon, Startups, Cars, Financial Times, Self-driving, Shift, Zoox


Amazon Acquires Zoox, Paving the Way for Deliveries With Driverless Vehicles

Amazon is set to acquire autonomous vehicle developer Zoox at a value of approximately $1.2 billion, aiding Zoox in its current focus of developing and deploying the "robotaxi," a self-driving car that will be used for an automated taxi service. Zoox will remain a standalone business, and will continue to be led by CEO Aicha...
Tags: Amazon, Advertising, Zoox


Elon Musk called Jeff Bezos a copycat — again — over Amazon's Zoox acquisition. Here are 9 other rivalries that have formed between some of the world's biggest tech CEOs.

While there are many close friendships among tech CEOs in Silicon Valley, there are plenty of feuds, too.  Some appear to be friendly rivalries — like Salesforce CEO Marc Benioff and Oracle CEO Larry Ellison — but others have become more contentious.  Tim Cook and Mark Zuckerberg, for example, have been openly feuding for years, while Elon Musk and Jeff Bezos have made digs at each other over outer space.  Visit Business Insider's homepage for more stories. Silicon Valley is a breeding ground...
Tags: Apple, Amazon, Facebook, Mark Zuckerberg, Twitter, Spacex, Elon Musk, Cook, Jobs, Instagram, Microsoft, Steve Jobs, Washington, Time, San Francisco, Trends


The Station: Amazoox, TuSimple seeks $250M and the next e-scooter battleground

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. Hi friends and first-time readers. 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’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. Remember please reach out and email me at [email protected] to share thoughts, ...
Tags: Apple, Amazon, Transportation, Lyft, Uber, Elon Musk, UK, California, Oregon, Saudi Arabia, China, New York City, Tech, Information, Tesla, Ars Technica


Getting Into the Game: Amazon Purchases AV Startup Zoox for an Undisclosed Sum

Always eager to slash delivery costs — especially if the government opts to stop subsidizing the company via the U.S. Postal Service — Amazon has been getting chummy with EV startups. It’s also begun exploring new business opportunities in regard to food delivery and ride hailing, resulting in sizable investments into both sectors. On Friday, Amazon announced it […] The post Getting Into the Game: Amazon Purchases AV Startup Zoox for an Undisclosed Sum appeared first on The Truth About Cars.
Tags: Amazon, Autos, Mergers and Acquisitions, Autonomous Vehicles, Avs, U S Postal Service, Self Driving, News Blog, Buyouts, Zoox, Autonomous Development, Robo-taxi, Delivery Vehicles, Amazon Purchases AV Startup Zoox


Jeff Bezos and Elon Musk's bitter rivalry could get a shot in the arm from Amazon's acquisition of the autonomous-vehicle startup Zoox (AMZN, TSLA)

Amazon announced on Friday an agreement to acquire the autonomous-vehicle startup Zoox. Experts have predicted that Amazon will use Zoox's technology to eventually deliver packages in self-driving vehicles. But Amazon published a blog post on Friday indicating it is also interested in one day launching a robotaxi service, which would put the retail giant in direct competition with Tesla. Amazon CEO Jeff Bezos and Tesla CEO Elon Musk are already rivals in the rocket industry, and the two have c...
Tags: Apple, Amazon, Spacex, Elon Musk, Microsoft, Trends, Tesla, Nasa, Mars, Jeff Bezos, Morgan Stanley, Wall Street Journal, Mount Everest, Musk, Bezos, Ives


5 key takeaways from Amazon's $1 billion acquisition of self-driving startup Zoox (AMZN)

Amazon announced it's buying self-driving startup Zoox on Friday. Analysts say the deal can help Amazon in many ways by expanding its delivery capacity and cost efficiency. Amazon declined to share the exact deal size, but reports indicate it's over $1 billion. Visit Business Insider's homepage for more stories. Amazon announced the acquisition of self-driving startup Zoox on Friday, signaling its first big foray into the autonomous vehicle space. The deal is expected to be worth over $1 bill...
Tags: Amazon, Trends, Jeff Bezos, Seattle, Morgan Stanley, Business Insider, Murphy, Aurora, Bezos, Sebastian, Baird, DA Davidson, Forte, Andrew Murphy, Colin Sebastian, Aicha Evans