Rivian will provide 50,000 robotaxis to Uber
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Raffi Krikorian wrote in The Atlantic that his Tesla Model X was "totalled" after it crashed into a wall while in Full Self-Driving mode last year.
As automation improves, humans are still expected to supervise it, and that may be the most dangerous phase of all
Shares of Rivian Automotive (RIVN +3.80%) jumped about 10% in premarket trading on Thursday following news of a massive cash injection from ride-hailing giant Uber Technologies (U
Deutsche analysts say Uber will be a big winner in the coming driverless car boom. The bank's price target for the stock suggests nearly 40% upside.
Uber and Lyft shares climbed after Nvidia announced expanded partnerships with the firms and others, as part of its push into the market for self-driving cars.
Major automakers, tech giants, AI companies, and chipmakers are all trying to get a piece of Wayve.