, pumping cash into Uber Technologies Incorporated for the honor of being immersed into Uber’s self-driving driverless car efforts.The Coopetition Deal
Furthermore, for those that might be worried that the ongoing cash drain from the Uber self-driving car efforts might be a false hope, you’ve now got the confidence builder by the three cheerleaders willing to put their money on-the-line. Apparently, Uber will reportedly be spinning out the self-driving car unit, encompassing six board seats for Uber and one each for SoftBank and Toyota.has been rampant in the self-driving car realm.
There’s a well-known rule-of-thumb in the systems field that you can have one bad instance when doing an initial rollout or trial of some kind, and many will consider it a fluke, giving you some breathing room to try again, but if you have a second such adverse instance, the hammer will come down, mercilessly. In some respects, the
In short, if there is perchance a second deadly incident, and it occurs between now and their IPO, the reaction could be so massive that it could undermine the nature of the IPO, including its size and timing.
Toyota?
Uber is an over hyped savior
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Uber's self-driving unit secures $1-billion investment ahead of IPODenso Corp., Toyota Motor Corp. and SoftBank Group Corp.’s Vision Fund bought stakes in the self-driving unit, valuing the arm at $7.25 billion, which will help Uber fund a very costly endeavor. The whole point of 'uber' is that it's part of the on demand gig economy. If robots are doing it, then I won't use the service. Not that I trust people more but these folks aren't driving cause they like the smell of fumes and sitting in traffic.
Source: latimes - 🏆 11. / 82 Read more »
Uber Clinches $1 Billion Investment in Self-Driving-Car UnitUber Technologies Inc. said it struck a deal with investors including SoftBank Group Corp.’s tech fund for a $1 billion investment in its self-driving-car unit as the ride-hailing company prepares for an initial public offering. Nice. New York’s former World Trade Center (WTC) is the World Transportation Center (WTC) A new, ever-expanding, universal infrastructural system that guides & propels autonomous cars will emanate from “Ground Zero” in Manhattan The word “Phoenix” occurs in Nostradamus Thanks to all the chumps who let us use your cars and your time to make ourselves rich, we won't be needing you anymore though.
Source: WSJ - 🏆 98. / 63 Read more »
Uber announces $1 billion investment into its self-driving car group, weeks before going publicThe investment from Softbank, Denso and Toyota values the division, known as the Advanced Technologies Group (ATG), at $7.25 billion and creates a newly formed corporate entity with its own board. Happy to see that many new investors are getting smarter and keeping their crypto assets offline on New Ledger Nano X Get yours now ! And Stay Safe out there. That’s a terrible idea self driving cars are more harmful than anything
Source: CNBC - 🏆 12. / 72 Read more »
Uber wins $1B investment from Toyota, SoftBank fundJapanese car giant Toyota and investment fund SoftBank Vision Fund have unveiled an investment of $1 billion in US ride hailing company to develop self-driving vehicles.
Source: trtworld - 🏆 101. / 63 Read more »
Uber has raised $1 billion for its self-driving unit, which is now valued at more than $7 billionJapan's Softbank fund, Toyota, and DENSO Corporation are investing in Uber's Advanced Technologies Group, the company said Thursday. screw self-driving cars get the robotics out lol I like driving
Source: BusinessInsider - 🏆 729. / 51 Read more »
A Bill Gates speech inspired Zoom founder to start an internet business—now he's a billionaireZoom founder dreamed of coming to US after hearing Bill Gates speak — now he's a billionaire via CNBCMakeIt MakeIt Never store your crypto on exchange, it is not secured as you think, even the major exchanges have loops and holes for hackers to sneak in. Get a new Ledger Nano X at discounted price now. MakeIt and his company sells at 24 times sales. that should be illegal, but whoever bought at market prices today, deserves to lose 80% of their money MakeIt He didn’t emigrate illegally, did he?
Source: CNBC - 🏆 12. / 72 Read more »
Pinterest prices IPO at $19, valuing social media company at $10 billionPinterest prices IPO at $19, valuing social networking company at $10 billion Interesting IPO here So many wood pallets.. caroljsroth $10 billion? Really?
Source: CNBC - 🏆 12. / 72 Read more »