Uber in talks to sell autonomous vehicle business to Aurora: report - Business Insider

Uber is looking to get rid of its self-driving vehicle division, Advanced Technologies Group , and AV startup Aurora Innovation is a likely candidate to acquire it,Sources told TechCrunch that Uber "has been shopping" ATG to multiple potential buyers including some automakers, but that talks with Aurora, which began in October, are far along.

According to TechCrunch, ATG was facing a possible "down round," where investors were considering dropping the division's valuation from its previousUber launched ATG five years ago, and in its short life, the division has been plagued by multiple scandals and setbacks, bleeding money along the way — Uber reported $303 million in net losses for "ATG and other technologies" in its third quarter.

nice

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Aurora CEO Chris Urmson explains why his startup's buying Uber ATG - Business InsiderAmazon-backed Aurora is buying Uber's self-driving unit despite its terrible reputation. Its CEO explains why he sees value in the troubled program. good luck Sometime you have to let it go.. 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.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »

Insider Transportation: How Uber nearly swiped Google's self-driving crown - Business InsiderBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »

Uber sells ATG self-driving business to Aurora at $4 billionUber Technologies Inc is selling its autonomous driving unit, Uber Advanced Technologies Group (ATG), to self-driving car startup Aurora, the companies said on Monday, in a move that would accelerate the ride-sharing company's goal to achieve profitability. Uber40億ドルのディール RT : Uber sells ATG self-driving business to Aurora at $4 billion
Fonte: Reuters - 🏆 2. / 97 Leggi di più »

Uber investor Gurley: spending billions on self-driving was a waste - Business InsiderBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. I think it was early, but self-driving vehicles will eventually become the norm. It's just a matter of time. Friendly reminder that startup founders shouldn't just jump on the trendy bandwagon.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »

Flying taxi hub in Orlando unveiled, book rides via an Uber-like app - 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. wow, they invented the airport but slower 95% only bad news( Balls to that rather drive.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »