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cruise automation

SoftBank to invest more than $2 billion into General Motors’ self-driving cars unit Cruise Automation

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SoftBank is planning to invest more than $2 billion into General Motors’ self-driving vehicle technology unit, Cruise Automation. 

Cruise Automation is a startup company acquired by General Motors two years ago.

In some ways, this is a surprise move by SoftBank. The Japanese telecommunications giant has previously invested in other sectors of the robotics market.  [Read more…] about SoftBank to invest more than $2 billion into General Motors’ self-driving cars unit Cruise Automation

GM acquires lidar developer Strobe to accelerate driverless car development

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General Motors has acquired lidar – light detection and radar – technology company Strobe.

As part of the deal, Strobe’s engineering talent will join GM’s Cruise Automation team to develop next-generation lidar solutions for self-driving vehicles.

Kyle Vogt, founder and CEO, Cruise Automation, says: “Strobe’s LIDAR technology will significantly improve the cost and capabilities of our vehicles so that we can more quickly accomplish our mission to deploy driverless vehicles at scale.” [Read more…] about GM acquires lidar developer Strobe to accelerate driverless car development