Get the latest tech news
GM is giving up on Cruise robotaxis, pivots to personal autonomous vehicles
General Motors said Tuesday it will no longer fund the development of a commercial robotaxi business and will instead absorb its self-driving car
GM previously brought on a number of external investors including Microsoft, Walmart, Softbank, T.Rowe Price and Honda as the company sought to raise the billions in capital needed to bring robotaxis to the public. That incident, and Cruise’s actions in the immediate aftermath, led to investigations, fines, firings, and GM taking more direct control over what was once a promising self-driving startup. In the fallout, Cruise lost its commercial operating permits from California regulators, paused other testing in other states, laid off 900 employees — about 24% of it workforce — and shuttered plans to build a custom robotaxi called the Origin.
Or read this on r/technology