Toyota is reportedly planning a new venture that would be investing over $2.8 billion to develop automated-driving software, according to a report by Reuters.
News, Software
Egypt lifts ban on Uber and Careem
An Egyptian court ruled to revoke the suspension of the licenses of ride-hailing companies Uber and Careem, allowing them to continue their work, Reuters reports citing judicial sources said. 0 1844
SoftBank backs Uber’s IPO plans
SoftBank Vision Fund CEO Rajeev Misra has recently spoke out about Uber’s plans to go public pledging full support to the ride-hailing firm’s future plans.
Automotive data monetisation to touch $33 billion by 2025
Automotive data could potentially be $100 per car currently, offering original equipment manufacturers (OEMs) in the automotive data monetisation market …
Middle East to pump more cash into SoftBank Vision Fund
SoftBank Group could potentially get more investments from the Middle East as it pushes to reach its $100 billion fundraising target for its private equity fund that aims to target the technology sector.
Saudi Arabia’s PIF mulls investment in VR startup
Saudi Arabia’s sovereign wealth fund Public Investment Fund is reportedly in talks to invest as much as $400 million in Magic Leap.
Waymo gets the go ahead for US driverless taxi service
The designation lets Waymo’s fleet of driverless Chrysler Pacifica minivans pickup and drop off paying riders in Arizona through a smartphone app or website.
Dubai-based Careem buys online restaurant listing platform
Middle East ride-hailing firm Careem has announced that it has acquired RoundMenu and will start trialing food delivery services through …
Uber settles courtroom battle with Waymo
https://youtu.be/8Wknf8He1XA
Uber agrees to $245m payout to settle Waymo dispute
As part of the agreement, Uber is giving a 0.34% stake of the company to Waymo, and has also agreed not to use Waymo’s technology in its self-driving cars, though it maintains it never did.
Uber ex-CEO to testify in Waymo trial
Alphabet’s Waymo had filed a lawsuit against Uber Technologies a year ago over charges of theft of self-driving car trade …