9 billion km) a year in the 350 cities where it operates, which executives said gave the company detailed knowledge of traffic patterns, bridges, construction and other roadway data critical for building autonomous systems.The executives said on Thursday the company would soon open a facility in Palo Alto, California, that would eventually be staffed by "several hundred" engineers.Lyfts new push comes as Uber is facing a lawsuit from Waymo over alleged theft of trade secrets relating to self-driving technology designs. Unlike its far larger rival, Uber Technologies Inc, which has tackled everything from food delivery to flying cars, and expanded overseas, Lyft has operated strictly as a ride service for people in the United States.
The company has begun preparations for an initial public offering, sources close to the company told Reuters. Lyft engineers will collaborate there with autonomous vehicle experts from other companies to build self-driving systems. Executives said Lyft would https://www.keshuomould.com share data from its self-driving efforts with other companies joining the collaboration."It does still take a lot to do this, even if there is lots off-the-shelf technology, to engineer them together and create systems and put them in a vehicle," said Jeremy Carlson, an automotive analyst at IHS Markit.The move marks a striking strategy change for Lyft, Automotive molds which said previously it would leave the building of self-driving systems to others while allowing partners to test their autonomous cars in Lyfts ride-hailing network.Building autonomous driving systems is a complicated and expensive endeavor, and brings a new layer of complexity to Lyft.Lyft previously announced partnerships with Alphabets self-driving division, Waymo, technology company Nutonomy, and automakers General Motors Co and Jaguar Land Rover.None of those miles have been driven with autonomous technology, experts point out, meaning Lyft will be starting from scratch in a business where Waymo, Tesla and Uber have been operating for years.
Lyfts new effort could put it in direct competition with some of those partners.The company, which will not be manufacturing the actual cars, offered no time line for its self-driving ambitions."We are putting down the accelerator significantly on investment on this," Raj Kapoor, chief strategy officer for Lyft, told reporters at its San Francisco headquarters.Lyfts 700,000 drivers complete more than 200 million rides and 1."The one thing that is very, very key is the scale that we have," said Luc Vincent, vice president of engineering..2 billion miles (1.Lyft Inc has formed a self-driving car division, company executives said, a bold investment for the second-largest US ride-services firm as it jockeys for position in the highly competitive autonomous vehicle race.Lyft in April raised $600 million in new funding. The company plans to launch a pilot with Nutonomy in Boston by year-end.Lyft does not have a permit to test autonomous cars in California, according to the state Department of Motor Vehicles
The company has begun preparations for an initial public offering, sources close to the company told Reuters. Lyft engineers will collaborate there with autonomous vehicle experts from other companies to build self-driving systems. Executives said Lyft would https://www.keshuomould.com share data from its self-driving efforts with other companies joining the collaboration."It does still take a lot to do this, even if there is lots off-the-shelf technology, to engineer them together and create systems and put them in a vehicle," said Jeremy Carlson, an automotive analyst at IHS Markit.The move marks a striking strategy change for Lyft, Automotive molds which said previously it would leave the building of self-driving systems to others while allowing partners to test their autonomous cars in Lyfts ride-hailing network.Building autonomous driving systems is a complicated and expensive endeavor, and brings a new layer of complexity to Lyft.Lyft previously announced partnerships with Alphabets self-driving division, Waymo, technology company Nutonomy, and automakers General Motors Co and Jaguar Land Rover.None of those miles have been driven with autonomous technology, experts point out, meaning Lyft will be starting from scratch in a business where Waymo, Tesla and Uber have been operating for years.
Lyfts new effort could put it in direct competition with some of those partners.The company, which will not be manufacturing the actual cars, offered no time line for its self-driving ambitions."We are putting down the accelerator significantly on investment on this," Raj Kapoor, chief strategy officer for Lyft, told reporters at its San Francisco headquarters.Lyfts 700,000 drivers complete more than 200 million rides and 1."The one thing that is very, very key is the scale that we have," said Luc Vincent, vice president of engineering..2 billion miles (1.Lyft Inc has formed a self-driving car division, company executives said, a bold investment for the second-largest US ride-services firm as it jockeys for position in the highly competitive autonomous vehicle race.Lyft in April raised $600 million in new funding. The company plans to launch a pilot with Nutonomy in Boston by year-end.Lyft does not have a permit to test autonomous cars in California, according to the state Department of Motor Vehicles
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