Lyft off. Lyft sells self-driving unit to Toyota’s Woven Planet.

Ride-hailing company Lyft has sold off its autonomous vehicle unit to Toyota Motor Corporation’s Woven Planet Holdings subsidiary for $550 million, the latest in a string of acquisitions spurred by the cost and lengthy timelines to commercialize #autonomousvehicles technology. Earlier this year, Woven Capital kicked off off its new $800 million strategic fund by announcing an investment into autonomous delivery vehicle company Nuro#wakeupimagine #selfdriving #ridehailing #ai #innovation

Posted on April 30, 2021 in Artificial Intelligence, Innovation, Technology, Trends

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Michael Chase - a true hybrid – part strategist, part data monkey, part creative director, part global growth hacker (when you're doing bic pen tracheotomies you still have to think of EBITDA) and through and through an innovator.

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