An autonomous vehicle company acquired this year by Amazon has unveiled a four-person “robo-taxi," a compact, multidirectional vehicle designed for dense, urban environments.
The carriage-style interior of the vehicle produced by Zoox Inc. has two benches that face each other. There is no steering wheel. It measures just under 12 feet long, about a foot shorter than a standard Mini Cooper.
It is among the first vehicles with bidirectional capabilities and four-wheel steering, allowing for better maneuverability. It has a top speed of 75 miles per hour.
The vehicle is being tested in the company's base of Foster City, California, as well as Las Vegas and San Francisco, Zoox said Monday.
Zoox, based Foster City in Silicon Valley, was founded in 2014 and acquired by Amazon in June. It operates as an independent subsidiary at Amazon.
Darden, the parent company of chain restaurants like Olive Garden and Ruth's Chris Steakhouse, beat Wall Street estimates in its latest earnings report.
A former Facebook executive pled guilty to stealing more than $4 million from the company while she was employed there.
Rising safety concerns over water bead products marketed to kids have prompted major retailers like Amazon, Target and Walmart to pull some toys off their shelves.
The Congressional Budget Office said Friday it expects inflation to nearly hit the Federal Reserve's 2% target rate in 2024, as overall growth is expected to slow and unemployment is expected to rise into 2025, according to updated economic projections for the next two years.
Intel is out with a new product to challenge other big players in the space like Nvidia and AMD.
Stocks fell after the opening bell Friday but will end on another positive week.
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Americans picked up their spending from October to November as the unofficial holiday season kicked off, underscoring that shoppers still have power to keep buying.
The average long-term U.S. mortgage rate dropped below 7% to its lowest level since early August, another boost for prospective homebuyers who have largely been held back by sharply higher borrowing costs and heightened competition for relatively few homes for sale.
Mortgage rates have dropped below 7% for the first time since the middle of August.
