Latest news with #Mobileye
Tahawul Tech
2 days ago
- Business
- Tahawul Tech
Intel lays off 15% of its staff
In an attempted turnaround, chipmaker Intel has mostly completed plans it announced last quarter to cut 15% of its workforce. The layoffs, tucked in Intel's second quarter earnings report, marked one of the first major decisions by new CEO Lip-Bu Tan, who took over the company's top job in March. 'It's going to take time, but we see clear opportunities to enhance our competitive position, improve our profitability and create long-term shareholder value', Tan said in a press release announcing the earnings results. Intel shares (INTC) rose 3% in after-hours trading following the news, although it posted a quarterly net loss of $2.9 billion, nearly double its loss during the same period in the prior year. The stock is up nearly 12% since the start of this year, suggesting that while Intel's future is far from certain, investors have confidence in Tan. Intel said the staff reduction is 'designed to create a faster-moving, flatter and more agile organisation'. The company reported having 108,900 employees as of the end of 2024 across Intel and its subsidiaries, which include autonomous driving company Mobileye. The company said it plans to end 2025 with 75,000 employees in its core Intel division — not including subsidiaries — as a result of 'workforce reductions and attrition. Intel filed a layoff notice in Oregon earlier this month indicating plans to cut nearly 2,400 workers. The company also said it's scrapping projects in Germany and Poland as part of its cost cutting measures and will slow down construction on its Ohio chip factories 'to ensure spending is aligned with market demand.' Intel has had a series of bruising years that saw the one-time industry leader fall behind rivals after it failed to predict two major tech transformations — mobile devices and artificial intelligence — prompting takeover rumours and a leadership shakeup. Meanwhile, rival Nvidia's market capitalisation (NVDA) briefly crossed $4 trillion earlier this month, making it the first publicly traded company to do so. Last summer, Intel said it would slash 15% of its staff, 15,000 jobs, part of a $10 billion plan to reduce costs as it tried to play catch-up in the AI chipmaking race. Intel is one of several tech giants to implement layoffs this year. Microsoft laid off around 9,000 workers in early July, while Meta cut about 5% of employees in January. Source: CNN Image Credit: Intel
The Verge
6 days ago
- Automotive
- The Verge
Lyft's self-driving shuttle buses are coming soon
Lyft is partnering with Benteler Mobility to launch a self-driving shuttle service. In late 2026, Lyft plans to deploy the company's all-electric Holon Urban shuttles in airports and cities around the US, allowing users to book trips from its ride-sharing app. Holon, a subsidiary of Benteler, says its rectangular bus has enough room to fit up to 15 people. With a max speed of 37MPH, the self-driving shuttle comes equipped with an array of lidar and radar sensors, along with 11 cameras, allowing it to operate with Level 4 autonomy. That means it can drive without human intervention, but isn't capable of driving under all conditions. It uses autonomous driving technology from Intel's Mobileye, which Lyft is also partnering with to launch a fleet of robotaxis next year. Details about where Lyft plans to deploy the self-driving shuttles remain slim, as it doesn't look like Holon has any established routes in the US just yet. Last year, Holon announced plans to launch a manufacturing facility in Jacksonville, Florida, and also said it wants to deploy Holon Urbans in the city to 'connect residential and business areas.' Aside from deals with Mobileye and Holon, Lyft is gearing up to offer robotaxi rides in Atlanta with May Mobility this year. It also previously offered rides with the Alphabet-owned Waymo and lets users book trips with Motional in Las Vegas. All of these deals may help Lyft keep up with Uber, which recently struck a partnership with Lucid and Nuro to launch 20,000 robotaxis throughout the US. Posts from this author will be added to your daily email digest and your homepage feed. See All by Emma Roth Posts from this topic will be added to your daily email digest and your homepage feed. See All Electric Cars Posts from this topic will be added to your daily email digest and your homepage feed. See All Lyft Posts from this topic will be added to your daily email digest and your homepage feed. See All News Posts from this topic will be added to your daily email digest and your homepage feed. See All Ride-sharing Posts from this topic will be added to your daily email digest and your homepage feed. See All Transportation
Yahoo
6 days ago
- Automotive
- Yahoo
Lyft to add autonomous shuttles in 2026 as Uber inks more self-driving deals
Lyft will add autonomous shuttles made by Austrian manufacturer Benteler Group to its network in late 2026, the company announced Friday. The shuttles will be deployed in partnership with U.S. cities and airports, according to Lyft, but could expand out from there if things go well. The partnership will let Lyft use urban electric shuttles made by Benteler's mobility division under the Holon brand. The shuttles will not have a steering wheel or pedals and will feature inward-facing seats for up to nine seated and six standing passengers, according to Bloomberg News, which first reported the Benteler partnership on Friday The tie-up comes amid a flurry of announcements from Lyft's main rival, Uber, which has recently added robotaxis from Waymo and WeRide in various cities around the world. Uber is also working on adding robotaxis from Baidu, Pony AI, Momenta, May Mobility, Volkswagen, Wayve, and just last week announced a deal with Nuro and Lucid Motors. Despite years of testing with various partners, Lyft is still working on adding autonomous vehicles to its own fleet of vehicles. The company plans to put AVs from May Mobility on its network in Atlanta later this year. It's also working with autonomy provider Mobileye, though it's not clear who would make those vehicles. Mobileye's tech is what powers the Holon shuttles, though Lyft told Bloomberg that these aren't the same deals.
TechCrunch
6 days ago
- Automotive
- TechCrunch
Lyft to add autonomous shuttles in 2026 as Uber inks more self-driving deals
Lyft will add autonomous shuttles made by Austrian manufacturer Benteler Group to its network in late 2026, the company announced Friday. The shuttles will be deployed in partnership with U.S. cities and airports, according to Lyft, but could expand out from there if things go well. The partnership will let Lyft use urban electric shuttles made by Benteler's mobility division under the Holon brand. The shuttles will not have a steering wheel or pedals and will feature inward-facing seats for up to nine seated and six standing passengers, according to Bloomberg News, which first reported the Benteler partnership on Friday The tie-up comes amid a flurry of announcements from Lyft's main rival, Uber, which has recently added robotaxis from Waymo and WeRide in various cities around the world. Uber is also working on adding robotaxis from Baidu, Pony AI, Momenta, May Mobility, Volkswagen, Wayve, and just last week announced a deal with Nuro and Lucid Motors. Despite years of testing with various partners, Lyft is still working on adding autonomous vehicles to its own fleet of vehicles. The company plans to put AVs from May Mobility on its network in Atlanta later this year. It's also working with autonomy provider Mobileye, though it's not clear who would make those vehicles. Mobileye's tech is what powers the Holon shuttles, though Lyft told Bloomberg that these aren't the same deals.
Axios
6 days ago
- Automotive
- Axios
Lyft to add autonomous shuttles to its ride-hailing network
Lyft plans to add U.S.-made Holon autonomous shuttles to its ride-hailing network as early as next year. Why it matters: It's the latest development in Lyft's autonomous vehicle strategy, as it tries to keep pace with rival Uber's robotaxi rollout in places like Austin and Atlanta. Both companies envision a mixed fleet of human- and robot-driven cars on their networks in the future. Driving the news: Lyft said Friday it will partner with Benteler Mobility, a unit of European auto supplier Benteler Group, to deploy AV shuttles on its network starting in late 2026. The companies will begin by deploying shuttles in partnership with airports and cities, but did not provide details. They could expand to "thousands of vehicles as we bring this service to more geographies around the globe," Lyft said in a blog post. Riders will be able to book a shuttle ride directly through the Lyft platform. Zoom in: The purpose-built autonomous shuttles will be produced by Holon, a Benteler Mobility company, in Jacksonville, Fla. The toaster-shaped, 8-passenger electric vehicles are also being deployed on a new 3-mile circulator route run by Jacksonville's public transit authority. Another arm of Benteler will finance and own the Lyft shuttles, "with tens of millions of dollars intended for future autonomous fleet expansion," Lyft said. Context: The partnership builds on Lyft's other AV efforts, including plans to bring May Mobility AVs to Atlanta this summer, and to deploy Mobileye -powered electric robovans starting in Dallas in 2026.
