By on April 15, 2021

General Motors backed autonomous vehicle startup Cruise has reportedly scored $2.75 billion from its last round of funding, with Walmart again taking a particular interest in the company. The multinational retail corporation previously participated in a pilot program where Arizona-based shoppers could call upon a Cruise AV to have their groceries delivered. While just one of several autonomous programs Walmart is involved with, the relationship with Cruise must be in fairly good shape to throw that kind of money into a business that seems to have missed more deadlines than it has kept — even if that does seem to be the trend for AV startups.  (Read More…)

By on March 20, 2020

Starsky Robotics is shutting down, ending whatever prospects it had at becoming the world’s premier self-driving company for long-haul trucking. The business has hit a snag with funding, with CEO Stefan Seltz-Axmacher announcing the fundraising it scheduled for November worked out rather badly.

Lacking capital was what ultimately killed Starsky Robotics, though Seltz-Axmacher claims the issue is quite a bit more complicated than that. Despite making significant progress with his own company, he now feels Starsky and the rest of the world has been incredibly naive in how it handled autonomous vehicles. He also believes there’s something deeply wrong with the burgeoning AV industry — it’s becoming bloated, progress has been slower than promised, investors don’t understand anything about the technology, and artificial intelligence is deeply flawed.  (Read More…)

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