World Volkswagen works with Microsoft on software for self-driving cars
One of Uber's earliest investors says the billions it spent on self-driving were a 'waste of money'
Early Uber investor Bill Gurley said the company "burned" billions of dollars on self-driving tech. That money would have been better spend on food delivery, he told journalist Eric Newcomer. Uber's sold off its self-driving unit in late 2020 as it grappled with a revenue downturn. Visit Business Insider's homepage for more stories. Uber's food-delivery business has been a massive boon for the company as the pandemic sent ride-hailing revenues down the tubes and takeout orders through the roof.
Berlin / San Francisco (Reuters) - Volkswagen is getting Microsoft on board to develop software for self-driving cars.
The aim is through the knowledge of the US group in the field of cloud computing and software Engineering to accelerate the provision of applications, said the head of Volkswagen's software subsidiary Car.Software.Org, Dirk Hilgenberg, on Thursday. This involves the development of driver assistance systems, automated driving functions and, ultimately, software updates that, like Tesla, are carried out wirelessly. "This functionality has to be there. If you can't do that, you will lose ground," Hilgenberg told Reuters. Microsoft's cloud vice president Scott Guthrie compared this with smartphones, which are now regularly updating in the background.
car manufacturers such as Daimler and VW are currently working on their own operating systems so that IT giants such as Apple, Google or Amazon do not take over the business with car data. The Volkswagen Group has brought together software developers from corporate brands such as Audi, Porsche and Bentley in the newly founded Car.Software.Org with around 5,000 employees who develop the VW.OS operating system. Volkswagen and Microsoft are already working together on building an industrial cloud.
QuantumScape leaps 18% after the EV battery startup clears a key development hurdle .
Shares of EV battery startup QuantumScape jumped as much as 18% on Wednesday. The company reported clearing a key hurdle in the development of its battery cell technology. Sign up here for our daily newsletter, 10 Things Before the Opening Bell . Shares of QuantumScape jumped as much as 18% on Wednesday to $US59.80 a share after the electric vehicle battery maker reported clearing a key hurdle in the development of its technology. The company is attempting to develop solid-state lithium-metal batteries for electric vehicles, a feat several EV startups are currently working towards.