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An early Strobe LiDAR prototype. Photo: Strobe / Cruise

General Motors' self-driving car unit Cruise has acquired Strobe, a startup developing LiDAR, which is one of the main sensors used by most self-driving car systems. No financial terms were disclosed, though 11 employees from the startup will be joining GM.

Why it matters: LiDAR—or light detection and ranging—is commonly used to function as a car's "eyes." It shoots laser beams all around and maps out the distance and shapes of the environment based on how fast the light bounces off objects. But while it's used by most self-driving car companies (with some exceptions like Tesla and Comma.ai), it's still relatively expensive. According to Cruise co-founder and CEO Kyle Vogt, Strobe is able to cut the cost down by 99% because it "collapses LiDAR down into a single chip." Several others are working to bring down the cost of LiDAR sensors by improving its chips.

Go deeper

1 hour ago - Health

CDC panel: COVID vaccines should go to health workers, long-term care residents first

Hospital staff work in the COVID-19 intensive care unit in Houston. Photo: Go Nakamura via Getty

Health-care workers and nursing home residents should be at the front of the line to get coronavirus vaccines in the United States once they’re cleared and available for public use, an independent CDC panel recommended in a 13-1 emergency vote on Tuesday, per CNBC.

Why it matters: Recent developments in COVID-19 vaccines have accelerated the timeline for distribution as vaccines developed by Pfizer and Moderna undergo the federal approval process. States are preparing to begin distributing as soon as two weeks from now.

Obama: Broad slogans like "defund the police" lose people

Snapchat.

Former President Barack Obama told Peter Hamby on the Snapchat original political show "Good Luck America" that "snappy" slogans such as "defund the police" can alienate people, making the statements less effective than intended.

What he's saying: "You lost a big audience the minute you say it, which makes it a lot less likely that you're actually going to get the changes you want done," Obama told Hamby in an interview that will air Wednesday morning at 6 a.m. EST on Snapchat.

Nasdaq's ultimatum

Photo: Kelly Sullivan/Getty Images

New diversity and inclusion rules are on the table for some of America's most powerful corporations, courtesy of one of its most powerful stock exchanges.

What's new: Nasdaq is threatening to delist companies that won't move toward having at least one woman and at least one underrepresented minority or LGBTQ person on their corporate boards.

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