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Lyft will develop its own autonomous driving tech

Lazaro Gamio / Axios

Doubling down on its investment in self-driving cars, ride-hailing company Lyft is set to open a new office in Silicon Valley that will focus on autonomous driving tech. Named after the highest level of autonomous driving — Level 5 — the facility will house several hundred employees by the end of 2017.

In-house tech: Until now, Lyft's self-driving car efforts have been limited to working with other technology makers by providing them access to its ride-hailing network and data via its Open Platform. But now the company plans to develop its own technologies to tackle mapping, perception, localization, path planning, and motion control. Already, 10% of the company's engineers are working on autonomous driving tech, says Lyft.

Why it matters: Lyft's new move is not only a significant increase in its investment in self-driving cars, but it's also turning into a more direct competitor to its partners like Waymo and GM, which are developing their own versions of autonomous driving tech.