Sentences with phrase «automaker as a tech company»

As a new company that claims to be as much an automaker as a tech company, Faraday Future is still relatively inexperienced in both the software and hardware space.

Not exact matches

Among them are tech companies such as Waymo, which took over Google's self - driving project last year, as well as traditional automakers such as Toyota and BMW.

Waymo is adding 100 of these self - driving minivans to its fleet, as part of a collaboration announced in May with Fiat Chrysler Automobiles — the first time the tech company has worked directly with an automaker to create its autonomous vehicles.

As both an automaker and a self - driving tech company, Tesla still has a lot to prove.

But why would Lyft, a company that was well positioned to serve as an agnostic on - demand platform for a series of automakers and tech companies, decide to take on the cost and burden of building out its own tech?

This is key to its value proposition, the company's chief strategy officer Raj Kapoor said during a press briefing, because automakers or tech companies don't have to worry about not meeting rider demand as they incrementally deploy self - driving cars into the network.

Tech companies like Uber, Waymo and Lyft, as well as automakers like General Motors and Toyota, have spent billions developing self - driving cars in the belief that the market for them could one day be worth trillions of dollars.

Over the past year, the automaker has collaborated with a number of tech companies to add various technologies to its vehicles, such as wirelessly connected vehicles, real - time notification systems, and luxury services.

PLANO, Texas (June 22, 2016)-- MIT Technology Review has named Toyota one of the world's smartest companies, placing the automaker among respected tech leaders like Amazon, Alphabet, and Facebook, and ahead of others such as Microsoft, IBM, and Intel.

While tech companies like Google are moving aggressively to develop autonomous vehicles, traditional automakers are moving just as fast to add technology that allows cars to brake and steer themselves independently.