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