Lyft has “no plans to slow down [its] self-driving programs,” said David Baga, Chief Business Officer of the ride-hailing app.
“We remain focused on our self-driving program, so we continue to develop, and test, and eventually deploy self-driving,” he told Cheddar Thursday.
His comments come in light of Uber’s fatal driverless car crash in Arizona last week, which forced that company to hit the brakes on all its autonomous testing. Nvidia and Toyota paused their programs, too.
The Uber incident, thought to be the first involving a self-driving vehicle, also sparked a wide-ranging debate about whether the entire industry needs more oversight.
Ironically, though, Waymo, the self-driving unit of Google parent Alphabet, took the opportunity to jump further into its autonomous business, announcing a collaboration with Jaguar Land Rover this week to roll out driverless SUVs by 2020.
Jaguar’s Product Planning Manager Dave Larsen [reiterated](https://cheddar.com/videos/jaguar-exec-waymos-technology-would-have-avoided-ubers-fatal-crash) his faith that Waymo’s technology and software “would’ve been able to avoid” the tragedy that involved Uber’s car.
- **Related:** [Watch](https://cheddar.com/videos/first-look-at-the-waymo-powered-jaguar-i-pace-suv) Jaguar’s Dave Larsen give Cheddar a first look at the Waymo-powered I-PACE at the New York International Auto Show.
For its part, Lyft dove into the autonomous industry last year when it announced it will start creating the technology in-house. Prior to that, the company was working with third-parties like Ford and Boston-based nuTonomy, essentially offloading the larger costs of the projects.
Driverless tech aside, Lyft is also gaining ground on its main rival in the core ride-hailing business. As Uber has faced one scandal after another, Lyft is picking up the slack.
Its Business unit saw share of the corporate travel space rise to more than 18 percent in the fourth quarter, compared to 7.7 percent the year before. It also expects to hit a $1 billion run rate for revenue by the end of the year.
For full interview, [click here](https://cheddar.com/videos/lyft-cbo-no-plans-to-slow-down-self-driving-technology).
Dave Long, CEO and Co-Founder of Orangetheory Fitness joins Cheddar to chat trends in the industry for 2024. He updates us on the company's plans to expand and what the state of the economy has meant for business.
One of the world's largest renewable energy developers will be getting hundreds of wind turbines from General Electric spinoff GE Vernova as part of a record equipment order and long-term service deal.
A moon landing attempt by a private US company appears doomed because of a fuel leak on the newly launched spacecraft. Astrobotic Technology managed to orient the lander toward the sun Monday so its solar panel could capture sunlight and charge its onboard battery.
Treasury Secretary Janet Yellen has announced that 100,000 businesses have signed up for a new database that collects ownership information intended to help unmask shell company owners. Yellen says the database will send the message that “the United States is not a haven for dirty money.”
A new version of the federal student aid application known as the FAFSA is available for the 2024-2025 school year, but only on a limited basis as the U.S. Department of Education works on a redesign meant to make it easier to apply.
A steep budget deficit caused by plummeting tax revenues and escalating school voucher costs will be in focus Monday as Democratic Gov. Katie Hobbs and the Republican-controlled Arizona Legislature return for a new session at the state Capitol.
The first U.S. lunar lander in more than 50 years is on its way to the moon. The private lander from Astrobotic Technology blasted off Monday from Cape Canaveral, Florida, catching a ride on United Launch Alliance's brand new rocket Vulcan.
Global prices for food commodities like grain and vegetable oil fell last year from record highs in 2022, when Russia’s war in Ukraine, drought and other factors helped worsen hunger worldwide, the U.N. Food and Agriculture Organization said Friday.
Wall Street is drifting higher after reports showed the job market remains solid, but key parts of the economy still don’t look like they’re overheating.
