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Stock impact report

Motional puts AI at center of robotaxi reboot as it targets 2026 for driverless service [TechCrunch]

Lyft, Inc. - Class A (LYFT) 
Last lyft, inc. - class a earnings: 2/11 04:05 pm Check Earnings Report
Company Research Source: TechCrunch
The company, born from a $4 billion joint venture between Hyundai Motor Group and Aptiv, had already missed a deadline to launch a driverless robotaxi service with partner Lyft. It had lost Aptiv as one of its financial backers, prompting Hyundai to step up with another $1 billion investment to keep it going. Several layoffs, including a 40% restructuring cut in May 2024, had whittled the company from its peak of about 1,400 employees to less than 600. Meanwhile, advancements in AI were changing how engineers were developing the technology. Motional was going to have to evolve or die. It paused everything and picked option No. 1. Motional told TechCrunch it has rebooted its robotaxi plans with an AI-first approach to its self-driving system and a promise to launch a commercial driverless service in Las Vegas by the end of 2026. The company has already opened up a robotaxi service — with a human safety operator behind the wheel — to its employees. It plans to offer that service to Show less Read more
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