Autonomous vehicle technology

Ohio's venture capital boom lures startup founders

Data: PitchBook; Chart: Andrew Witherspoon/Axios

Venture capital investments in Ohio more than doubled in five years, and the increased availability of funding is helping attract a new crop of startup founders.

Zooming in: Columbus in particular is experiencing a mini-renaissance as technology is disrupting legacy industries such as manufacturing, insurance, financial services, retail and health care.

Transportation Safety Board backs assessments for self-driving cars

A visual of a car with a boot on it.
Illustration: Lazaro Gamio/Axios

The U.S. National Transportation Safety Board (NTSB) will recommend mandatory safety assessments for all self-driving cars before they can be tested on public roads, Reuters reports.

Why it matters: The NTSB on Tuesday said it intends to pinpoint the need for “safety risk management requirements for testing automated vehicles on public roads,” leading to the broader question of how autonomous vehicles are tested and how the U.S. government oversees that process.