Volkswagen Wants a Driverless Taxi to Take You Home
A new Silicon Valley start-up wants to make driverless vehicles accessible to the masses, and is teaming up with Volkswagen and Hyundai to do it.
“Our goal at Aurora is to provide the driver,” said Chris Urmson, the company’s CEO and the former technology chief of Google’s Waymo. “Our partners build vehicles. They understand their customers, and they understand the businesses they want to be in. And we are going to provide them the capabilities for their vehicles to drive around.”
“We think that by developing a driver with a variety of other companies, we can actually make it better and safer, quicker.”
Aurora plans to develop fleets of self-driving electric taxis to roll out across major cities. Urmson told Cheddar that the company will be working with city governments to ensure a reliable system.
Founded about a year ago by Urmson, robotics expert Drew Bagnell, and Tesla alum Sterling Adelson, Aurora also announced a partnership this week with Nvidia to use the chip maker’s products in its autonomous systems.
For full interview [click here](https://cheddar.com/videos/why-the-worlds-biggest-automakers-are-turning-to-this-company-for-self-driving-technology).
The gaming industry has been under the spotlight so far this year following some big mergers and acquisitions. This week featured earnings of three major gaming companies, but also Meta and for the latter, things are not doing too hot. Joining Cheddar News to break it all down was Kenny Rosenblatt, President and Co-Founder of Arkadium.
While it was a volatile week in tech as Meta experienced the biggest one-day drop in the history of the U.S. stock market, industry giant Amazon reported 40 percent growth — largely on the strength of the cloud. Dan Ives, managing director of equity research at Wedbush Securities, joined Cheddar News to break down how the e-commerce company stock managed to pop despite headwinds against its core retail business. "It's all about cloud because of sum of the parts, you could argue, amazon could be $3,500/$4,000 stock just based on cloud," he said. Ives also addressed the apparent the differing impact of Apple iOS changes on Facebook and Snapchat.
Following Ford's earnings miss, the stock price dropped despite a bullish outlook from the auto giant. Karl Brauer, an executive analyst with ISeeCars.com, joined Cheddar to break down why investors may not be sold on the carmaker because of the ongoing factor of supply constraints. "The product is not an issue. There's really good product coming from them, including the electric vehicle side, and the demand is not an issue. There's plenty of demand, but nobody really has a solid grasp on when we're going to get past the supply chain issue," said Brauer.
Image-sharing app Pinterest reported big beats on its Q4 earnings for the top and bottom lines. The social platform surprised investors after seeing a decline in users while earnings and revenue were much higher than expected.
