Tag Archives: SelfDriving

Self-driving cars are still many years away from becoming a ubiquitous reality, but today, one of the bigger efforts to build and develop them is taking a significant step out as part of its strategy to be at the forefront for when they do. Yandex — the publicly traded Russian tech giant that started as a search engine but has expanded into a number of other, related areas (similar to U.S. counterpart Google) — today announced that it is spinning out its self-driving car unit from… Source link

Yandex will increase its stake in the new company (Yandex SDG) to 73% and invest anadditional $150 million in its future development MOSCOW and AMSTERDAM, Sept. 04, 2020 (GLOBE NEWSWIRE) — Yandex N.V. (NASDAQ and MOEX: YNDX) and Uber today entered into agreements to spin off the self-driving vehicles business, Yandex Self Driving Group B.V. (“Yandex SDG”) from their ride-hailing and foodtech joint venture, MLU B.V. Following these transactions, Yandex SDG will be directly owned by… Source link

Yandex’s self-driving car unit has accelerated through the coronavirus pandemic, becoming one of the world’s top 3 companies for the number of miles driven by automated vehicles. In a conference call with investors Tuesday, the Russian technology giant dubbed ‘Russia’s Google’ said its fleet of 130 vehicles had passed four million miles in autonomous driving.  The milestone is the latest in Yandex’s heavy investment into driverless technology. The mile count has… Source link