Quantum Computing Inc. Completes Acquisition of Luminar Semiconductor, Inc.
Quantum Computing Inc. (QCi) has completed its acquisition of Luminar Semiconductor, Inc. (LSI) in an all-cash transaction valued at $110 million. This acquisition is a strategic move for QCi to become a vertically integrated provider of photonics and quantum platforms, enhancing its technology roadmap and manufacturing capabilities. LSI's expertise in lasers, detectors, packaging, and manufacturing, combined with QCi's thin-film lithium niobate platform, is expected to enable the production of compact, mass-producible quantum systems that operate at room temperature.
Luminar Technologies Files Disclosure Statement for Chapter 11 Liquidation Plan, Proposes $110 Million Sale of Semiconductor Subsidiary
Luminar Technologies, a LiDAR technology company, has filed a disclosure statement outlining its Chapter 11 liquidation plan, which includes the proposed $110 million sale of its semiconductor subsidiary to Quantum Computing, Inc. The company attributes its bankruptcy to a deteriorated relationship with Volvo, broader LiDAR market challenges, and significant financial losses. The plan prioritizes first lien noteholders, followed by second lien noteholders and general unsecured creditors, with current equity holders receiving no distribution.
Luminar Technologies Stock (LAZR) in Focus: Chapter 11, Nasdaq Delisting, and Analyst Forecasts as Volatility Surges (Dec. 20, 2025)
Luminar Technologies (LAZR) stock is experiencing extreme volatility due to its Chapter 11 bankruptcy filing and imminent Nasdaq delisting, with trading expected to cease on the exchange by December 24, 2025. The company explicitly warned investors that trading during Chapter 11 is highly speculative and may not reflect eventual shareholder value, as equity sits at the bottom of the legal priority stack, burdened by approximately $488 million in debt. Investors are closely watching key dates, including the delisting, continued marketing and bidding for its assets, and the anticipated completion of transactions by the end of January 2026.
Luminar Technologies faces Nasdaq delisting after Chapter 11
Luminar Technologies, Inc. (LAZR) is facing delisting from the Nasdaq Stock Market after filing for Chapter 11 bankruptcy. This move often signifies significant financial distress and can lead to the halt of public trading for the company's shares. The delisting event impacts investors and signals a challenging future for the lidar technology firm.
Quantum Computing Inc. Announces Agreement to Acquire Luminar Semiconductor, Inc. to Accelerate Technology Roadmap
Quantum Computing Inc. (QCi) has announced an agreement to acquire Luminar Semiconductor, Inc. (LSI), a subsidiary of Luminar Technologies, Inc. for $110 million in cash. This acquisition aims to integrate LSI's photonic technologies, patents, and experienced team into QCi's operations, accelerating QCi's technology roadmap for practical, integrated quantum solutions. The transaction is subject to customary closing conditions, including bankruptcy court approval, with an anticipated close by the end of January 2026, as Luminar Technologies has initiated Chapter 11 bankruptcy proceedings while LSI continues normal operations.
Luminar Technologies Files for Chapter 11 Bankruptcy
Luminar Technologies (LAZR) and certain subsidiaries have filed for Chapter 11 bankruptcy in the Southern District of Texas to address liquidity and balance sheet issues, while its semiconductor subsidiary remains unaffected. The company anticipates its Class A Common Stock will be delisted from Nasdaq and is exploring strategic alternatives with advisors and an Ad Hoc Group. According to TipRanks' AI Analyst, LAZR is rated as "Neutral" due to significant financial and operational challenges, bearish technical analysis, and unattractive valuation.
Why Are Luminar Technologies (LAZR) Shares Trending?
Luminar Technologies (LAZR) shares are trending due to a 1.57% after-hours drop following a 10.61% gain during regular hours. A recent SEC filing revealed that CEO Paul Ricci had 69,431 Class A common shares withheld for tax obligations, although he still holds 1.80 million shares. Additionally, Rivian's announcement to integrate LiDAR into future R2 models starting in late 2026 has brought attention to Luminar, a key LiDAR supplier.
Luminar Technologies (LAZR) Stock Is Surging Monday: What's Going On?
Luminar Technologies (LAZR) stock surged Monday, recovering from a previous sharp sell-off after the company received a subpoena regarding potential securities law violations and suspended its fiscal 2025 guidance. The company faces significant challenges, including exploring strategic alternatives, cutting its workforce, and a dispute with Volvo, leading to substantial doubt about its ability to continue as a going concern. Despite these issues and a negative analyst rating from JPMorgan, investors are anticipating third-quarter earnings set for November 13th, with preliminary revenue estimates slightly higher than analyst predictions.
Luminar Stock Soars After Mixed Q3 Earnings Report: Details
Luminar Technologies' stock climbed after its mixed Q3 earnings report, beating analyst loss estimates but missing revenue expectations. The company also announced a new CFO and suspended its fiscal year guidance, citing challenges in the automotive LiDAR market but expressing optimism for commercial and defense applications.
Pony AI Q3 Preview: LiDAR Trouble, Fleet Expansion And More—Key Factors That You Must Know
Pony AI is set to release its Q3 earnings, with analysts focusing on the company's China expansion, fleet growth through partnerships like Sunlight Mobility, and a recent investment from Singapore's Temasek Holdings. A key area of concern is the potential impact of Luminar Technologies' recent stock dip and supply chain issues on Pony AI's LiDAR sensor supply, despite its existing deals with Luminar and Hesai Technology. Investors will also be watching the company's past performance, including its improved Q2 EPS loss and significant revenue surge.
Tesla CEO Elon Musk Once Called LiDAR 'Fool's Errand' — Volvo Now Pulls Plug On Luminar Partnership: LAZR Stock Hits All-Time Low
Volvo has ceased its partnership with LiDAR maker Luminar Technologies due to supply chain issues and Luminar's failure to meet contractual obligations, leading to LAZR stock hitting an all-time low. This development seemingly vindicates Tesla CEO Elon Musk's long-held skepticism about LiDAR technology, which he previously called a "fool's errand." While Tesla relies on a camera-based system for its autonomous driving, other companies like Waymo and Li Auto continue to adopt LiDAR solutions.
Luminar Investigation Initiated By Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Luminar Technologies, Inc. - LAZR
Kahn Swick & Foti, LLC (KSF) has initiated an investigation into Luminar Technologies, Inc. (LAZR) and its officers and directors. This follows accusations in March 2023 that Luminar allegedly presented Lidwave's photonic integrated circuit technology as its own, leading to a securities class action lawsuit. KSF is examining whether Luminar's leadership breached fiduciary duties or violated federal/state laws.
LAZR Investors Have Opportunity to Join Luminar Technologies, Inc. Fraud Investigation with the Schall Law Firm
The Schall Law Firm announced an investigation into Luminar Technologies, Inc. (NASDAQ: LAZR) following the resignation of its CEO and Chairman, Austin Russell, amidst a Code of Business Conduct and Ethics inquiry. This news led to a significant drop in Luminar's stock, and the firm is inviting affected shareholders to participate in a fraud investigation.
Ousted Luminar CEO Austin Russell wants to buy the company
Austin Russell, the ousted CEO of Luminar, through his new company Russell AI Labs, has made a proposal to acquire the lidar technology company. The offer, made at the suggestion of some shareholders and board members, comes five months after Russell's resignation following an ethics inquiry. If the acquisition proceeds, Luminar could potentially merge with a larger global automotive technology company to form "Luminar 2.0."
Austin Russell's Proposal Spurs Luminar Technologies (LAZR) Stock Movement
Luminar Technologies (LAZR) saw its stock rise by 2.2% after founder Austin Russell proposed acquiring all Class A shares through Russell AI Labs, aiming for a merger to create Luminar 2.0. This proposal includes integrating another automotive tech company and considering further capital investments. Despite this positive stock movement, Luminar faces significant financial challenges, including negative operating margins and a distressed Altman Z-Score, indicating high bankruptcy risk.
Luminar Technologies is on watch with its founder considering a merger transaction
Luminar Technologies founder Austin Russell holds an 8.4% activist stake in the company. He is considering a merger transaction following suggestions from shareholders and invitations from board members. This development indicates potential significant changes for Luminar Technologies.
Luminar to Provide Quarterly Update on November 13, 2025 - MarketScreener
Luminar Technologies announced it will provide its quarterly update for the third quarter of 2025 on November 13, 2025. The update will include third-quarter financials available on its investor relations website, followed by a webcast with prepared remarks and a live Q&A session. Shareholders can submit questions via email.
Luminar Investigation Initiated By Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of Luminar Technologies, Inc. - LAZR
Kahn Swick & Foti, LLC (KSF), led by former Louisiana Attorney General Charles C. Foti, Jr., has initiated an investigation into Luminar Technologies, Inc. (LAZR). The probe follows accusations that Luminar misrepresented another company's photonic integrated circuit (PIC) technology as its own, leading to a securities class action lawsuit. KSF is examining whether Luminar's officers and directors breached their fiduciary duties or violated laws, and is seeking information from long-term shareholders.
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Luminar Technologies, Inc. - LAZR
Pomerantz LLP is investigating Luminar Technologies, Inc. following a significant drop in stock price. This investigation comes after the resignation of founder Austin Russell as President and CEO, and Chairperson of the Board, due to a Code of Business Conduct and Ethics inquiry. Investors who suffered losses are encouraged to contact the law firm regarding potential securities fraud or unlawful business practices.
LAZR Investors Have Opportunity to Lead Luminar Technologies, Inc. Securities Fraud Lawsuit with the Schall Law Firm
The Schall Law Firm reminds investors of a class action lawsuit against Luminar Technologies, Inc. (NASDAQ: LAZR) for alleged violations of securities laws. Investors who purchased shares between March 20, 2025, and May 14, 2025, are encouraged to contact the firm before September 22, 2025, to discuss their rights. The lawsuit alleges that Luminar made false and misleading statements regarding an investigation into CEO Austin Russell's conduct, which could adversely impact the company.
LAZR INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC
Bronstein, Gewirtz & Grossman, LLC has announced a class action lawsuit against Luminar Technologies, Inc. (NASDAQ: LAZR) and certain officers. The lawsuit alleges that Luminar made false and/or misleading statements regarding CEO Austin Russell's conduct and potential impact on the company. Investors with substantial losses who purchased Luminar securities between March 20, 2025, and May 14, 2025, have an opportunity to lead the class action lawsuit and are encouraged to join by September 22, 2025.
LAZR INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC
Bronstein, Gewirtz & Grossman LLC has announced a class action lawsuit against Luminar Technologies, Inc. (NASDAQ: LAZR) and its officers. The lawsuit alleges that Luminar made false and/or misleading statements regarding undisclosed conduct by Defendant Austin Russell, which created material risks for the company's business and financial guidance. Investors who purchased Luminar securities between March 20, 2025, and May 14, 2025, are encouraged to join the lawsuit, with a lead plaintiff deadline of September 22, 2025.
LAZR INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Luminar Technologies, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Bronstein, Gewirtz & Grossman LLC has announced a class action lawsuit against Luminar Technologies, Inc. (NASDAQ: LAZR) and its officers. The lawsuit alleges that Luminar made false and misleading statements regarding misconduct by CEO Austin Russell and its potential impact on the company's business and financial guidance. Investors who purchased Luminar securities between March 20, 2025, and May 14, 2025, are encouraged to join the lawsuit, with a deadline to request lead plaintiff status by September 22, 2025.
LAZR Deadline: LAZR Investors Have Opportunity to Lead Luminar Technologies, Inc. Securities Fraud Lawsuit
The Rosen Law Firm reminds purchasers of Luminar Technologies, Inc. (NASDAQ: LAZR) securities between March 20, 2025, and May 14, 2025, of the September 22, 2025, lead plaintiff deadline for a securities fraud lawsuit. The lawsuit alleges that Luminar's President, CEO, and Chairman, Austin Russell, engaged in undisclosed conduct that misled investors and created material risks for the company's business. Investors who purchased securities during the class period may be entitled to compensation.
Luminar Technologies, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - LAZR
DJS Law Group reminds investors of a class action lawsuit against Luminar Technologies, Inc. (NASDAQ: LAZR) for alleged securities law violations during the period of March 20, 2025, to May 14, 2025. The lawsuit claims the company made false and misleading statements related to an investigation into CEO Austin Russell's conduct, which was likely to negatively impact the business. Shareholders who suffered losses are encouraged to contact DJS Law Group by the September 22, 2025 deadline to discuss their rights and potential lead plaintiff appointments.
LAZR Investors Have Opportunity to Lead Luminar Technologies, Inc. Securities Fraud Lawsuit
The Rosen Law Firm is reminding purchasers of Luminar Technologies, Inc. (LAZR) securities between March 20, 2025, and May 14, 2025, that they have until September 22, 2025, to seek appointment as lead plaintiff in a securities fraud class action lawsuit. The lawsuit alleges that Luminar made false and misleading statements concerning undisclosed conduct by its President, CEO, and Chairman, Austin Russell, which posed a material risk to the company's business and financial guidance. Investors who purchased during this period may be entitled to compensation.
Luminar Technologies, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - LAZR
The DJS Law Group has announced a class action lawsuit against Luminar Technologies, Inc. (NASDAQ: LAZR) for alleged securities law violations during the period of March 20, 2025, to May 14, 2025. The lawsuit claims Luminar made false and misleading statements, specifically regarding an investigation into CEO Austin Russell's conduct and its potential adverse impact on the company. Shareholders who suffered losses during this period are encouraged to contact the DJS Law Group to discuss their rights and potential lead plaintiff appointments, with a deadline of September 22, 2025.
LAZR SHAREHOLDER ALERT: Bronstein, Gewirtz and Grossman, LLC Announces that Luminar Technologies, Inc. Investors Have Opportunity to Lead Class Action Lawsuit!
Bronstein, Gewirtz & Grossman, LLC has announced a class action lawsuit against Luminar Technologies, Inc. (NASDAQ:LAZR) and certain officers, inviting investors who purchased securities between March 20, 2025, and May 14, 2025, to join. The lawsuit alleges that Luminar made false and misleading statements by failing to disclose that CEO Austin Russell was under inquiry by the Audit Committee, and that his potential removal posed a material risk to the company's business, R&D, customer relationships, and financial guidance. Investors have until September 22, 2025, to request to be appointed as lead plaintiff.
LAZR Investors Have Opportunity to Lead Luminar Technologies, Inc. Securities Fraud Lawsuit
The Rosen Law Firm is reminding investors who purchased Luminar Technologies (NASDAQ: LAZR) securities between March 20, 2025, and May 14, 2025, of the September 22, 2025 lead plaintiff deadline for a securities fraud lawsuit. The lawsuit alleges that Luminar's President and CEO, Austin Russell, engaged in undisclosed conduct that could lead to his removal and negatively impact the company's business and financial guidance. Investors are encouraged to join the class action to potentially recover damages.
Luminar Technologies Forms Strategic Partnership with TPK Holding
Luminar Technologies has entered a strategic partnership with TPK Holding Co., Ltd., issuing 1.6 million shares of Class A common stock as payment for services. This move, registered with the SEC, aims to boost Luminar's operational capabilities and market position. Despite persistent financial hurdles and a "Sell" rating from analysts with an $18 price target, recent cost reductions offer a potentially positive outlook.
LAZR Class Action Alert: Shareholder Rights Law Firm Robbins LLP Reminds Investors of the Lead Plaintiff Deadline in the Luminar Technologies, Inc. Class Action
Robbins LLP is reminding investors of the lead plaintiff deadline in a class action lawsuit against Luminar Technologies, Inc. (NASDAQ: LAZR). The lawsuit alleges that Luminar failed to disclose misconduct by its former President and CEO, thereby misleading investors and affecting the company's stock price. Investors who purchased Luminar securities between March 20, 2025, and May 14, 2025, may be eligible to participate.
LAZR SHAREHOLDER ALERT: Bronstein, Gewirtz and Grossman, LLC Announces that Luminar Technologies, Inc. Stockholders with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!
Bronstein, Gewirtz & Grossman, LLC has filed a class action lawsuit against Luminar Technologies, Inc. and certain officers on behalf of investors who purchased securities between March 20, 2025, and May 14, 2025. The lawsuit alleges that defendants made false and misleading statements regarding undisclosed conduct by Defendant Austin Russell, which created material risk for the company. Investors with substantial losses have until September 22, 2025, to request to be appointed lead plaintiff.
LAZR Investor Notice: Robbins LLP Reminds Stockholders of
Robbins LLP reminds stockholders of a class action lawsuit filed against Luminar Technologies, Inc. (LAZR) for securities purchased between March 20, 2025, and May 14, 2025. The lawsuit alleges that Luminar failed to disclose misconduct by its President and CEO, which led to his resignation and a significant drop in stock price. Shareholders are encouraged to contact Robbins LLP if they wish to serve as lead plaintiff in the class action.
Rosen Law Firm Urges Luminar Technologies, Inc. (NASDAQ: LAZR) Stockholders with Large Losses to Contact the Firm for Information About Their Rights
The Rosen Law Firm has announced a class action lawsuit filed on behalf of Luminar Technologies, Inc. (NASDAQ: LAZR) shareholders who suffered losses between March 20, 2025, and May 14, 2025. The lawsuit alleges that Luminar's President, CEO, and Chairman, Austin Russell, engaged in undisclosed conduct that would lead to an Audit Committee inquiry, thereby misleading investors and making false statements about the company's business operations and financial guidance. Shareholders with losses are urged to contact the firm by September 22, 2025, to serve as lead plaintiff.
Luminar Technologies, Inc. Investors: Company Investigated by the Portnoy Law Firm
The Portnoy Law Firm has announced an investigation into potential securities fraud involving Luminar Technologies, Inc. (NASDAQ: LAZR), encouraging affected investors to contact them. The firm may file a class action lawsuit to help investors recover losses. This action follows reports of troubling practices at Acadia Healthcare, which resulted in a 4.5% stock drop after an article detailing alleged unlawful detentions of patients.
Shamis & Gentile, P.A. Notifies Investors It Has Filed a Complaint to Recover Losses Suffered by Purchasers of Luminar Technologies, Inc. Securities and Sets a Lead Plaintiff Deadline of September 22, 2025
Shamis & Gentile, P.A. has filed a class action lawsuit against Luminar Technologies, Inc. on behalf of investors who purchased securities between March 20, 2025, and May 14, 2025. The lawsuit alleges that Luminar failed to disclose material adverse facts, specifically concerning undisclosed conduct by CEO Austin Russell which led to his resignation. This news caused Luminar's stock price to fall, and investors have until September 22, 2025, to request to be appointed as lead plaintiff.
Luminar Technologies Inc (LAZR) Securities Class Action Lawsuit: 16.8% Stock Drop and CEO Allegations
A securities class action lawsuit has been filed against Luminar Technologies Inc (LAZR) following a 16.8% stock drop and allegations concerning CEO Austin Russell. The lawsuit claims Luminar executives made misleading statements or failed to disclose critical information between March 20, 2025, and May 14, 2025, regarding an Audit Committee investigation into Russell's conduct. Investors who purchased LAZR securities during this period may be eligible to join the lawsuit, with a lead plaintiff deadline of September 22, 2025.
Luminar enacts reverse stock split, adjusts shareholder rights
Luminar Technologies, Inc. (NASDAQ:LAZR) implemented a 1-for-15 reverse stock split for its Class A and Class B common stock on November 20, 2024, following stockholder approval. This adjustment aims to reclassify outstanding shares and proportionally adjust equity awards, warrants, and convertible notes. Amidst this change, the company reported Q3 revenue of $15.5 million and secured a new contract with a Japanese OEM, while analysts maintained varied ratings with price targets from $1.00 to $3.00.
Auto industry appears divided on lidar's value in automated driving systems
The auto industry shows division regarding the value of lidar sensors in automated driving systems, despite lidar's potential to offer a clearer picture of road obstacles compared to cameras. The article highlights that lidar sensors face a potential shakeout, indicating uncertainty about their widespread adoption.
Luminar Technologies, Inc. (LAZR) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims against Luminar Technologies, Inc. (LAZR) on behalf of investors for alleged wrongdoings. The investigation stems from accusations by Lidwave regarding Luminar's alleged misrepresentation of a chip and subsequent stock price drops following negative financial results. Investors who purchased Luminar securities are encouraged to contact the law firm to assist with the investigation.
Luminar expands partnership with Mercedes-Benz and debuts LiDAR-enabled AES
Luminar announced an expanded partnership with Mercedes-Benz, including integrating LiDAR technology into the Official FIA F1® Safety Car and next-generation Mercedes vehicles. The company also debuted LiDAR-enabled Automatic Emergency Steering (AES) and Automated Valet software, powered by its new Iris+ LiDAR, and highlighted its commercial growth and year-end industrialization milestone with Volvo for the EX90. Luminar further showcased its innovations at the chip level and collaborations with technology partners like NVIDIA and Mobileye.
Luminar and Plus partner up to bring LiDAR- and AI-led driver assist to commercial trucking
Luminar Technologies (LAZR) and Plus have partnered to integrate LiDAR and AI-led driver assistance into commercial trucking. Plus will use Luminar's long-range LiDAR as its exclusive provider for its PlusDrive system, while Plus becomes Luminar's exclusive third-party provider of AI-based driver assist software for OEM commercial vehicle solutions. This collaboration aims to enhance road safety, efficiency, and eventually enable autonomous driving in commercial vehicles.
Luminar founder Austin Russell takes 82% stake in Forbes
Austin Russell, the founder of Luminar Technologies Inc. and a self-made billionaire, has acquired an 82% stake in Forbes Global Media Holdings. This move adds "media mogul" to his growing list of accomplishments. The article highlights his journey from Stanford-educated engineer to a significant player in the media industry.
Luminar Achieves Start of Production with SAIC’s Rising Auto; Reports Q3 Financials
Luminar (NASDAQ: LAZR) announced the start of series production for SAIC’s RISING AUTO, integrating Luminar's lidar technology into consumer vehicles for advanced safety features. The company also reported strong Q3 2022 financial results, beating revenue expectations, and affirmed its full-year guidance and key milestones including Iris production and software development. Luminar's CEO highlighted the significance of transitioning autonomous technology from R&D to production, with upcoming integrations in Polestar 3 and Volvo EX90.
Luminar integrates further with Freedom Photonics acquisition
Luminar, a leader in automotive lidar development, announced its acquisition of Freedom Photonics in an all-stock deal. This strategic move aims to bring key laser component supply in-house, strengthening Luminar's vertical integration and technology roadmap. Freedom Photonics' expertise in indium phosphide lasers, crucial for Luminar's 1550 nm lidar systems, is expected to enhance system performance and reduce costs.
Luminar Acquiring Freedom Photonics, Leader in High-Performance Laser Chips
Luminar (Nasdaq: LAZR) announced it is acquiring high-performance laser manufacturer Freedom Photonics, integrating advanced chip-scale laser technology, IP, and production expertise. This all-stock transaction aims to enhance Luminar's lidar systems with improved performance, lower costs, and supply chain security. The acquisition follows multi-year collaboration and is expected to close in the second quarter, enabling Luminar's continued leadership in automotive safety and autonomy.
Robotic Research Announces $228 Million Series A Funding Round to Scale Autonomous Technology Commercially
Robotic Research has secured $228 million in Series A funding, led by SoftBank Vision Fund 2 and Enlightenment Capital, to expand its commercial division, RR.AI. This investment will enable the company to scale its autonomous technology, AutoDrive®, for commercial truck, bus, drayage, and logistics vehicles. The funding marks the first outside capital raised by Robotic Research and highlights its success in developing rugged and versatile autonomous solutions.
Luminar Lidar Selected for NVIDIA DRIVE Hyperion Autonomous Vehicle Reference Platform
Luminar's lidar solution has been selected to be part of the sensor suite in the NVIDIA DRIVE Hyperion autonomous vehicle reference platform, which aims to accelerate the development of autonomous consumer vehicles with production starting in 2024. The platform will utilize Luminar's long-range Iris lidar for Level 3 highway driving, integrating it with NVIDIA’s high-performance compute and AI software. This collaboration is expected to provide automakers with an advanced platform for next-generation safety and autonomous capabilities.
Nvidia picks Luminar's lidar for self-driving tech, sending its shares up 15%
Luminar Technologies Inc. saw its stock jump 15% after Nvidia announced it would use Luminar's lidar technology for its self-driving platforms. This news coincided with Nvidia's annual GTC conference. Luminar has also recently partnered with Volvo and is expanding into the Chinese market.
Volvo plans to add lidar as standard equipment in electric XC90 SUV next year
Volvo Cars announced plans to make lidar sensors standard equipment in its electric XC90 SUV starting next year, a strategic move to enhance safety and autonomous driving. This decision positions Volvo differently from rivals like Tesla, which rely solely on cameras. Luminar Technologies Inc. will supply the Iris lidar and Sentinel software for this integration.
