Lyft is getting out of the self-driving business

  • Lyft is getting out of the self-driving business

    updated 1 week, 5 days ago 1 Member · 1 Post
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    May 5, 2021 at 10:27 AM
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    Lyft has sold its self-driving division to a Toyota subsidiary called Woven Planet for $550 million—the latest sign that it takes deep pockets to compete in the self-driving arena. Lyft’s main competitor, Uber, sold its own self-driving unit to the well-financed startup Aurora back in December.

    Lyft announced its self-driving project back in 2017, a time of extreme optimism about self-driving technology. A few months earlier, in late 2016, Lyft President John Zimmer predicted that a majority of Lyft rides would be handled by self-driving vehicles by 2021.

    Obviously, that isn’t going to happen. Today, Alphabet’s Waymo is operating a small taxi service in the

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