Amazon will have to invest many billions more than it's spending on Zoox to bring self-driving tech to market

$2.25 billion in outside funding in March, its first external financing, in preparation for the long haul.

Autonomous driving is a pure bet on the future, requiring a ton of capital to manufacture and test systems and lobby policymakers, with no certainty about when or if the market will tip in its favor. For six-year-old Zoox, which had been valued by private investors atin 2018, selling to Amazon at a discount became its best bet as the coronavirus pandemic made it particularly hard to raise capital for any company that lacks a working business model.

From here, Amazon will likely have to spend $2 billion a year in ongoing development to get Zoox technology into the market, according to people familiar with the matter who asked not to be named because the projections are confidential., managing director at TLGG Consulting, agrees with that estimate and added that $33 billion was invested into the autonomous car market last year. She predicts Amazon will likely have to invest 10 times the purchase price before Zoox is ready to roll.

While it could be a decade or more until we have fully functional and commercialized autonomous cars roaming U.S. streets, Zimmerman said that Amazon can use pieces of the technology for its last-mile delivery operations, which are core to its broader business. "Amazon is all about fast, efficient effective delivery solutions, and they have been looking into all the components that will allow for them to do that," Zimmerman said. "We might see it earlier than in mass market commercialization opportunities."

Driverless car Photographerless camera shooting Bot Robots All free now

Can't wait for Biden to tax them into oblivion

Never seen a company so oblivious to the fact that they continually are marching towards a government forced break up.

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Amazon has reportedly bought self-driving-car startup Zoox for more than $1 billion - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Makes PERFECT sense. In a few years Amazon will be a mostly automated operation. Soon all their warehouses will have robots packing the boxes and placing them in driverless trucks. And more people will be unemployed. Zoox Pseudo Bankruptcy – Industry’s Self-induced Demise Picks Up Speed
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Amazon to buy self-driving technology company ZooxAmazon is jumping deeper into the market for autonomous driving with the purchase of Zoox, which was valued at over $3 billion in 2018. $1B is a rounding error to them. I was under the impression that they were much further along in their R&D for autonomous driving tech. Curious to see how much this will advance them in the space. Ya mean Jeffo . . I'm disturbed by this Not so much about self driving cars ( not comfortable) but Amazon buy another company for it's technology It is like the tycoons of the Gilded Age buy up everything
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5 key takeaways from Amazon's $1 billion acquisition of self-driving startup Zoox - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Tell me elonmusk took it 😂😂 Jonah jameson is that you doughnuts with mustard
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Elon Musk calls Jeff Bezos a copy cat after Amazon acquires self-driving-car startup Zoox - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. So? In Elon we trust Elon sounds like Barnes and Noble....
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