Aurora CEO Chris Urmson explains why his startup's buying Uber ATG - Business Insider

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Amazon-backed Aurora is buying Uber's self-driving unit despite its terrible reputation. Its CEO explains why he sees value in the troubled program.

ATG and forming a partnership with Uber. In exchange for ATG and $400 million in cash, Urmson said Aurora will give Uber a 26% equity stake and that Uber CEO Dara Khosrowshahi will take a seat on its board of directors.

"Having had a chance to kind of kick the tires, so to speak, and do the work we have as part of diligence, we've been excited about a number of the things we've discovered there," he said. "You have that many smart, hardworking people working on something, there's going to be interesting technology there," Urmson told Business Insider.

 

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Money to burn, except on Amazon staff who they want to replace. The good news is that this will never work. There is no AI created or likely to be created that will safely drive a van.

Sometime you have to let it go..

good luck

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