The $ 843 million spacecraft SpaceX is designing to bring down the International Space Station at the end of the decade will be a super-powered version of its Dragon capsule that’s used to transport astronauts and cargo to orbit today, the company revealed Wednesday. NASA awarded SpaceX the massive contract to develop the U.S. Deorbit […]
UK’s autonomous vehicle legislation becomes law, paving the way for first driverless cars by 2026
The U.K.’s self-proclaimed “world-leading” regulations for self-driving cars are now official, after the Automated Vehicles (AV) Act received royal assent — the final rubber stamp any legislation must go through before becoming enshrined in law. The government says that fully self-driving vehicles could be on U.K. roads within two years. “While this doesn’t take away […]
Norwest Venture Partners raises $3B for 17th vehicle, maintaining fund size despite market downturn
Norwest Venture Partners, a 65-year-old firm backed solely by Wells Fargo, has raised its 17th fund at $ 3 billion. That’s a noteworthy number, given that NVP last raised the same amount in December 2021. That was the peak of the venture boom, and at that time, the firm said it increased its capital pool […]
Another autonomous vehicle startup shutters, Zoox expands driverless testing and investor fervor for AI escalates
TechCrunch Mobility is a weekly newsletter dedicated to all things transportation. Sign up here — just click TechCrunch Mobility — to receive the newsletter every weekend in your inbox. Subscribe for free. Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. I spent a few days in Austin […]
Applied Intuition lands $6 billion valuation for AI-powered autonomous vehicle software
Autonomous vehicle software company Applied Intuition has raised $ 250 million in a round that values the startup at $ 6 billion, as it pushes to bring more artificial intelligence to the automotive, defense, construction and agriculture sectors. The eye-popping funding round is the latest example of investor fervor for AI. Applied Intuition appears to […]