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GM is giving up on Cruise robotaxis, pivots to personal autonomous vehicles
General Motors said Tuesday it will no longer fund the development of a commercial robotaxi business and will instead absorb its self-driving car
GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit
GM even announced plans for Cruise to generate $1 billion in annual revenue by 2025, but it scaled back spending on the company after one of its autonomous Chevrolet Bolts dragged a San Francisco pedestrian who was hit by another vehicle in 2023.
GM is pulling the funding for its Cruise robotaxi company
GM said it will fold Cruise employees into existing teams. It’s unclear if there will be layoffs. General Motors is pulling funding from robotaxi company Cruise in order to focus on its own autonomous and assisted driving systems.
GM to exit Cruise robotaxi business
General Motors said on Tuesday it will stop funding and exit robotaxi development at its majority-owned Cruise business, a blow to the automaker that had made the advanced technology unit a top priority.
GM ends support for Cruise robotaxis
GM acquired Cruise in 2016. However, the robotaxi brand faced intense scrutiny last year after a pedestrian in San Francisco was struck and dragged by one of its driverless cars. The ensuing investigations saw Cruise stop all operations for driverless vehicles and for its manned robotaxi service,
GM is killing its Cruise robotaxi
General Motors is shutting down its Cruise robotaxi project, citing intense competition for self-driving cars and the steep costs associated with developing them. Why it matters: GM had heralded the Cruise as central to its self-driving vehicle strategy.
GM to stop funding development of Cruise robotaxis
General Motors said on Tuesday it will stop funding development of robotaxis at its majority-owned Cruise business, a blow to the automaker that had made the advanced technology unit a top priority.
1h
Cruise, SF's embattled self-driving car company, is finally folding after $10B in losses
Cruise's robotaxi service will officially be no more, as General Motors opted to pull the funding plug and move the ...
autobodynews
2h
GM Shifts Focus to Autonomous Tech for Personal Cars
A GM spokesperson said the company sees greater business potential in personal vehicle autonomy than in building a robotaxi ...
1d
on MSN
Why Stellantis (STLA) Is Among the Best Autonomous Driving Stocks to Buy According to Hedge Funds
We recently compiled a list of the 10 Best Autonomous Driving Stocks To Buy According to Hedge Funds. In this article, we are ...
Tech Xplore on MSN
8d
Autonomous vehicle safety: A driverless car’s brain trains on sensors. but what if they need replacing?
Devices called encoders, located inside the sensors on autonomous cars, convert motion and other information acquired on the ...
T3 on MSN
10d
Man vs machine: can a race car powered by AI beat a professional driver?
A2RL
autonomous
race
car
The league is made up of 12 teams from nine countries, including France, Germany, Italy, Japan ...
7h
10 Best Autonomous Driving Stocks To Buy According to Hedge Funds
The autonomous driving industry is, along with machine learning and image processing, one of the earliest adopters of artificial intelligence.
Guernsey Press
2h
GM to retreat from robotaxis and stop funding autonomous vehicle unit
Instead, the Detroit car maker will focus on development of partially automated driver-assist systems such as its Super ...
1d
Why Uber Technologies (UBER) Is Among the Best Autonomous Driving Stocks to Buy According to Hedge Funds
We recently compiled a list of the 10 Best Autonomous Driving Stocks To Buy According to Hedge Funds. In this article, we are ...
1h
on MSN
GM pulls plug on Cruise robotaxi after investing more than $10B in self-driving business
General Motors said Tuesday it will stop funding and exit robotaxi development at its majority-owned Cruise business, a blow ...
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