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Hyundai is spending close to $1B to keep self-driving startup Motional alive
Hyundai has agreed to spend nearly $1 billion on Motional, an investment that will give the automaker a majority stake while providing the self-driving
Meanwhile among the competition, Waymo continues to expand its fully driverless, paid robotaxi service in San Francisco, Los Angeles and Phoenix, with plans to hit Austin later this year. GM’s Cruise is still mainly off the streets after an incident in October 2023 that left a pedestrian stuck under and dragged by one of its robotaxis, but the company has begun mapping again in Phoenix as part of a slow, deliberate reintroduction to public roads. CEO Elon Musk has shaken up his company, laying off thousands and increasing investment into AI, in a stated goal to go “balls to the walls for autonomy” and deliver a robotaxi in August.
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