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Seeking Alpha’s roundup of statements, announcements and remarks that could impact the technology sector.
- Lyft (NASDAQ:LYFT) announced it plans to launch a driverless shuttle service next year using Benteler’s HOLON autonomous shuttles.
Lyft hopes to introduce the shuttles, which feature Mobileye (MBLY) autonomous technology, as an option on its platform in late 2026. The shuttles will be deployed in partnership with cities and airports, it added.
“Benteler Mobility is exactly the kind of partner we need to accelerate our AV ambitions,” said Jeremy Bird, Lyft’s EVP of driver experience, in a statement.
“They’re not just a tech company — they’re closely linked to a massive automotive supplier with deep manufacturing expertise and global reach. Plus, their fleet ownership and financing capabilities mean they have ambitions to own and operate vehicles at scale, not just build them — a rarity in this industry,” Bird added.
The Lyft-Benteler service could potentially compete with robotaxi services being developed by Tesla (TSLA), Alphabet’s Waymo (GOOG) (GOOGL), Uber (UBER) and Amazon’s (AMZN) Zoox.
- Intel (NASDAQ:INTC) said in its quarterly report filing to the SEC that it may discontinue development of its foundry business if it doesn’t land a major customer for its new 14A chip manufacturing process.
“Under our more disciplined approach, we intend to invest capital in future node development and additional or upgraded manufacturing facilities only where we have a clear line of sight to an acceptable return on that capital,” Intel said in the filing.
“If we are unable to secure a significant external customer and meet important customer milestones for Intel 14A, we face the prospect that it will not be economical to develop and manufacture Intel 14A and successor leading-edge nodes on a go-forward basis,” it continued.
“In such event, we may pause or discontinue our pursuit of Intel 14A and successor nodes and various of our manufacturing expansion projects,” Intel added.
- Meta (NASDAQ:META), which owns Facebook and Instagram, said that it will no longer allow political or social issue ads on its platforms in the EU due to a new regulation called TTPA that “introduces significant operational challenges and legal uncertainties.”
“Our decision is specific to the EU. Elsewhere, we will continue to provide our industry-leading tools that ensure authentic and transparent political advertising,” Meta said in a blog post.
“It also won’t prevent people in the EU from continuing to debate politics on our services, or stop politicians, candidates and political office holders from producing and sharing political content organically. They just won’t be able to amplify this through paid advertising,” Meta added.