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).
Food delivery giant DoorDash is acquiring European food delivery company Wolt. The all-stock deal is valued at $8.1 billion and is expected to close in the first half of 2022. The companies say they share a mission to build a global delivery platform. Gerber Kawasaki investment advisor Eva Agi joins Cheddar News' Closing Bell to discuss what the deal means for Doordash, as well as its customers and investors.
Identity verification startup Socure recently raised $450 million dollars in a series E round, bringing the company's valuation to $4.5 billion. Socure says it is now the highest-valued private company in the identity verification space, and that the funds will be used to accelerate its mission to verify 100% of good identities and eliminate identity fraud across all industries. Socure Founder and CEO Johnny Ayers joins Cheddar News' Closing Bell to discuss.
With more companies offering employees flexibility in work schedules, Airbnb is looking to accommodate flexible travel plans. Chief Strategy Officer Nathan Blecharczyk joined Cheddar to discuss the growing trend of people staying in Airbnbs for longer periods of time. "In December over the holidays, in North America, we are seeing a 68 percent increase in the demand for month-long stays relative to years past," he said.
Coinbase reported third quarter earnings yesterday and revenue did not at all meet estimates, with the company saying that it also saw a staggering decrease of about 1.4 million customers in comparison to the previous quarter. This comes in the same week where bitcoin and ethereum, two of its most important digital assets hit record highs. Martin Gaspar, research analyst at CrossTower explains how a soft crypto trading quarter contributed to the less-than-ideal revenue outcome.
John Jannarone, Editor-In-Chief at IPOedge.com, joined Wake Up With Cheddar to discuss Riivian ahead of its public debut on the Nasdaq, as investors gear up for the biggest IPO for a U.S. company since Facebook.
Iran is continuing to crack down on illicit bitcoin mining in the Islamic Republic after 227 mining rigs were seized. Businesses looking to run legal bitcoin mining operations have had to seek approval since 2019.
DoorDash is set to acquire European-based food delivery company Wolt in an $8.1 billion deal. Ann Berry, chief investment officer at media platform Wheelhouse, joined Cheddar to discuss how this positions DoorDash in the prepared food and potentially the grocery delivery space. "I do think that what DoorDash is trying to be thoughtful about now is how to take that there's been a shift in consumer behavior in terms of mobile ordering and delivery and try and apply it to other categories," she said, also pointing to its partnership with beauty supply company Ulta.
