Aurora Innovation Inc Stock Price, News & Analysis

Aurora Innovation (NASDAQ: AUR) has partnered with U.S. Xpress (NYSE: USX) to explore the deployment of its Aurora Driver in U.S. Xpress operations. This collaboration aims to enhance Aurora's autonomous Driver-as-a-Service product, Aurora Horizon. The partnership focuses on leveraging U.S. Xpress's digitally enabled fleet to identify the most effective strategies for deploying autonomous trucks, ultimately improving operational efficiency. Additionally, both companies will investigate the impact of autonomous technology on the labor market and aim to create job opportunities as they integrate autonomous solutions into trucking.

Aurora (NASDAQ: AUR), a leader in self-driving technology, will announce its fourth quarter and full year 2021 results on February 16, 2022, after market close. A conference call for investors will follow at 5:00 p.m. Eastern Time, which will be available via webcast on Aurora's investor relations website. The company, founded in 2017, aims to enhance transportation through its Aurora Driver technology, collaborating with major partners like Toyota and Uber. For more details, visit aurora.tech.

Aurora (NASDAQ: AUR) plans to launch the Aurora Driver Beta 2.0 by Q1 2022, featuring the first test fleet of Aurora Driver-powered Toyota Siennas for ride-hailing and advanced autonomous trucks. In Q3 2022, the company aims to demonstrate its fail-safe capabilities, a crucial milestone for its Safety Case Framework. Aurora's technology emphasizes commercial relevance and aims for a large-scale rollout of self-driving vehicles by late 2023 for trucking and late 2024 for ride-hailing, positioning itself as a leader in the autonomous transportation market.

Aurora, the self-driving technology company, has appointed Claire Hughes Johnson to its Board of Directors. Johnson, with over 15 years of experience at companies like Stripe and Google, is recognized for her ability to scale businesses. Aurora's CEO Chris Urmson emphasized her significant role in advancing operations and commercialization of the Aurora Driver. Johnson's background includes her tenure as COO at Stripe, where she contributed to substantial employee and revenue growth. Aurora aims to enhance its partnerships and commercial endeavors with this new addition.

Aurora (NASDAQ: AUR) announced that CEO Chris Urmson will speak at The Future of Mobility virtual panel during the Morgan Stanley 8th Annual Auto 2.0 Conference on January 5, 2022, at 2:15 p.m. ET. The presentation can be streamed live on Aurora's investor relations website, with a replay available for 90 days. Aurora focuses on advancing self-driving technology, partnering with industry giants like Toyota and Uber, and testing its vehicles in locations including the Bay Area and Pittsburgh. For more details, visit www.aurora.tech.

Aurora has appointed Richard Tame as Chief Financial Officer, reinforcing its finance team following a successful public listing on NASDAQ under the ticker AUR. Tame, formerly VP of Finance, brings extensive experience from companies like Lyft and Facebook. His leadership has been pivotal in guiding Aurora through several acquisitions and expansion efforts. Alongside Tame, Aurora has strengthened its finance leadership, aiming to deliver its self-driving technology at commercial scale, including self-driving trucks and autonomous ride-hailing services.

Aurora (NASDAQ: AUR) has chosen Amazon Web Services (AWS) as its preferred cloud provider for machine learning and simulation workloads. Leveraging AWS's infrastructure, Aurora aims to upscale its training capabilities to 12 million simulations daily. This partnership is pivotal for developing Aurora Driver technology, which integrates sensors and software for self-driving vehicles. Aurora utilizes AWS services like SageMaker and EC2 to process vast amounts of data, enhancing its machine learning models. With this collaboration, Aurora seeks to expedite advancements in autonomous driving technology.

Aurora has completed its business combination with Reinvent Technology Partners Y, with trading set to begin on Nasdaq under the ticker symbol AUR on November 4. The transaction marks the largest raise in a go-public event for an autonomous vehicle company. Proceeds and existing cash are expected to fund Aurora's commercialization efforts through 2024. The Aurora Driver, designed for autonomous vehicles, continues to advance with partnerships, technical progress, and plans to launch commercial trucking by late 2023.