GM says Cruise will exit the robotaxi business, combining Cruise's and GM's technical teams to focus on autonomous and driver safety tech for upcoming GM cars

Cruise and GM's technical teams will be combined into a single effort focused on developing autonomous technology to offer …

Bloomberg 2024-12-11 David Welch

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@marypcbuk Mary Branscombe on bluesky
the VCs subsidised Uber long enough that ignoring regulations created a going concern: looks like the car companies aren't doing the same for self-driving taxis [embedded post]
@timlatimer Tim Latimer on bluesky
Is this just going to be Waymo's market completely then? Is there another competitor that can provide a serious challenge to them at this point? And once they have economies of scale, can anyone catch them? — www.bloomberg.com/news/article...
@mtsw Michael Tae Sweeney on bluesky
$3,500,000,000 invested and $0 revenue ever generated www.theverge.com/2024/12/10/ 2...
@davidzipper David Zipper on bluesky
Fun fact: GM invested $10 billion in Cruise before pulling the plug. — That's more than the federal government will invest in public transit this year in CA, CO, CT, DC, IL, MD, MA, MN, NJ, NY, PA, VA and WA — combined. — www.theautopian.com/gm-kills- its...
@selviano Michael Selvidge on bluesky
you drag one pedestrian... [embedded post]
@davidzipper David Zipper on bluesky
Cruise is shutting down. — GM has pulled its funding. The company now “seeks to focus autonomous vehicle development on personally owned vehicles.” — If you care about the future of cities and climate, GM's plans should send shivers. — www.theverge.com/2024/12/10/ 2...
@drewpusateri Drew Pusateri on threads
Have a ton of thoughts, most of which I'll keep to myself, but mostly this is really a shame for the incredible number of smart, talented folks who've done really great work there since the company's inception. https://www.bloomberg.com/...
@kvogt Kyle Vogt on x
In case it was unclear before, it is clear now: GM are a bunch of dummies.
@realgeorgehotz George Hotz on x
Today GM pulled funding from Cruise robotaxis. I called this 5 years ago. [1] [2] If you have been paying attention, self driving has played out exactly like I said it would. Tesla will win, and @comma_ai will take second with an open source solution, like the smartphone market
@alojoh @alojoh on x
GM is up 2.5% in after-hours trading after announcing to shut down Cruise (its robotaxi attempt), an acquisition Mary Barra approved and on which General Motors' lost over $11 billion. @GM [image]
@pitdesi Sheel Mohnot on x
absolutely brutal 14 months for Cruise... Kind of crazy that a driverless car service I used frequently in 2023 is no longer going to be around (after having burned $8B). [image]
@realgeorgehotz George Hotz on x
@JackRhysider @comma_ai I met with Elon almost 10 years ago. He is a very clear thinker and had all the same ideas as me, so there's no idea advantage. Tesla has brute strength, 9-9-6 culture, and what did you get done this week. comma has a love of the bitter lesson, refactors, …
@realgeorgehotz George Hotz on x
@Yuchenj_UW @comma_ai Waymo is actually a cool service! But it's not a self driving car, it's teleop, and it loses a lot of money. However, if Google wants to use it's massive ad revenues to subsidize better public transit for cities, I'm all for it.
@garyblack00 Gary Black on x
$GM Cruise will exit the robotaxi business, a move that will save $GM $1B/year in annual costs. Cruise and GM's technical teams will be combined into a single effort focused on developing autonomous and advanced driver safety technology for future models sold by GM. GM said it
@terronk Lee Edwards on x
@pitdesi This is a case of what's good for GM (shutting down an R&D heavy division) is actually bad for America (setting back Vision Zero by years.)
@benwbear Ben Bear on x
@pitdesi Based on past experience leading an OEM subsidiary, I don't think it's possible for a tech focused acquisition to work unless it's directly tied to the core biz. Too much culture clash on comp, providing upside to employees, attitude toward failure, etc
@nabeel Nabeel Hyatt on x
Epic, hall of fame, $1T fumble of an opportunity by GM. Waymo is going to be ubiquitous, Cruise was the viable alternative, and Elon is likely to nudge Trump on the regulatory path. But GM couldn't take the startup bumpy journey. Big companies. 🙄 https://www.bloomberg.com/...
@ericnewcomer Eric Newcomer on x
this seems insanely shortsighted
@mikeisaac Rat King on x
GM kills Cruise. tacit admission that Waymo has won. wild [image]
@svhughes Stephen Hughes on x
Given the capital required to bring robotaxis to market, previous management errors @Cruise and China market challenges for GM I'm not surprised General Motors will halt funding Cruise's robotaxi development. #AndThenThereWasOne [image]
@davidshepardson David Shepardson on x
.@GM CEO @mtbarra in January: ""We are committed to Cruise" https://www.reuters.com/...
@munster_gene Gene Munster on x
Good news for $TSLA and $GOOG. Bad news for $UBER and $LYFT. GM is shutting down their robotaxi efforts because they can't afford the investment and it's getting more competitive. “GM will no longer fund Cruise's robotaxi development work given the considerable time and
r/SelfDrivingCars r on reddit
Kyle Vogt on X: “In case it was unclear before, it is clear now: GM are a bunch of dummies.”
r/technews r on reddit
Cruise's robotaxi service will likely shut down as GM pulls its funding
r/teslainvestorsclub r on reddit
Cruise's robotaxi service will likely shut down as GM pulls its funding
r/sanfrancisco r on reddit
Cruise's robotaxi service will shut down as GM pulls its funding
r/RealTesla r on reddit
GM halts funding of robotaxi development by Cruise
r/cars r on reddit
GM halts funding of robotaxi development by Cruise
r/technology r on reddit
GM halts funding of robotaxi development by Cruise
@gregbensinger @gregbensinger on bluesky
It wasn't that long ago that Cruise vehicles were ubiquitous in SF, outnumbering Waymo. What a downfall — www.reuters.com/business/aut...
@kirstenkorosec Kirsten Korosec on bluesky
We've started hearing from folks. Safe to say that Cruise employees were not prepared for this. I heard the word “blindsided” multiple times. (Cruisers, want to talk? Hit me up in DMs or kirsten.korosec@techcrunch.com) — techcrunch.com/2024/12/10/c...
r/technology r on reddit
Cruise employees ‘blindsided’ by GM's plan to end robotaxi program
r/SelfDrivingCars r on reddit
Cruise employees ‘blindsided’ by GM's plan to end robotaxi program

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GM says Cruise will exit the robotaxi business, combining Cruise's and GM's technical teams to focus on autonomous and driver safety tech for upcoming GM cars

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