Latest News

IAG sets hefty AI budget for next financial year

Inside the Google executive moves that led to its big AI reshuffle

Australia to make tech companies pay more outlets for content

The quiet infrastructure behind organisational resilience

Onelogon attack defeats Microsoft's Zerologon patch

Lyft sells self-driving tech unit to Toyota for $706m

By Tina Bellon

Apr 27 2021 12:45PM

Allows ride-hail company to hit profitability target earlier.

Lyft sells self-driving tech unit to Toyota for $706m

Lyft will sell its self-driving technology unit to Toyota in a US$550 million (A$706 million) deal, allowing the ride-hail company to hit its profitability target one quarter earlier. The sale of Level 5 to Toyota's Woven Planet division will allow Lyft to focus on partnerships with ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now

Already have an account? Log in to read this article.

Got a news tip for our journalists? Share it with us anonymously here.

© 2019 Thomson Reuters. Click for Restrictions.

Tags:

car lyft selfdriving software toyota

Partner Content

One NZ cut provisioning time from days to minutes. Here's how

Partner Content One NZ cut provisioning time from days to minutes. Here's how

AI agents are becoming the enterprise's most privileged users. And most organisations don't know it yet

Promoted Content AI agents are becoming the enterprise's most privileged users. And most organisations don't know it yet

AI agents are reshaping identity governance, and attackers are already exploiting the gap

Partner Content AI agents are reshaping identity governance, and attackers are already exploiting the gap

How Canberra Institute of Technology and Cisco put students at the centre of campus design

Partner Content How Canberra Institute of Technology and Cisco put students at the centre of campus design

SPONSORED RESOURCES

2026 Wasabi Global Cloud Storage Index

2026 Wasabi Global Cloud Storage Index

The Mythos Moment: When AI Outpaces Remediation - How Can Enterprises Respond

The Mythos Moment: When AI Outpaces Remediation - How Can Enterprises Respond

Innovate anywhere with HPE and Azure Local

Innovate anywhere with HPE and Azure Local

Cloud Covered Report: New Zealand

Cloud Covered Report: New Zealand

How healthcare organisations can get more value from cloud

How healthcare organisations can get more value from cloud

Events

Most Read Articles

University of Southern Queensland switches hypervisor software

University of Southern Queensland switches hypervisor software

Services Australia describes fraud, debt-related machine learning use cases

Services Australia describes fraud, debt-related machine learning use cases

Westpac plugs five AWS AI agents into core lending processes

Westpac plugs five AWS AI agents into core lending processes

CBA's AI Companion is expected to face some hard questions

CBA's AI Companion is expected to face some hard questions

Sydney-based AI-cloud waste startup raises $3m

Sydney-based AI-cloud waste startup raises $3m

Brennan uses NiCE to modernise its contact centre

Brennan uses NiCE to modernise its contact centre

Impact Awards: Tecala slashes customer response times for fintech IQumulate

Impact Awards: Tecala slashes customer response times for fintech IQumulate

Interactive introduces private cloud platform

Interactive introduces private cloud platform

Digital61 expands cybersecurity portfolio

Digital61 expands cybersecurity portfolio

Most popular tech stories