Uber announces $1 billion investment into its self-driving car group, weeks before going public

Uber has announced a deal for a $1 billion investment in its self-driving vehicle unit, just weeks before its initial public offering.

The investment values the division, known as the Advanced Technologies Group , at $7.25 billion and creates a newly formed corporate entity with its own board. Representatives from the investors attended the signing ceremony at Uber's San Francisco headquarters Thursday morning alongside Uber CEO Dara Khosrowshahi and ATG leader Eric Meyhofer

Smaller ridesharing rival Lyft went public at the end of March and has struggled in public markets as investors question its heavy losses and path to profitability.

That’s a terrible idea self driving cars are more harmful than anything

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.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Uber nears investment deal for self-driving car unit: WSJUber Technologies Inc is nearing a deal with a group, including SoftBank Group C... Maybe one day we will actually get Uber in British Columbia. It is ridiculous that a city the size of Vancouver does not offer this service. 🌐 Libya W:ilayah - Fezzan 🌐 📷 | Aspects of the Raids on Mur:taddin Houses in the Town of Ghadwah 🌀 MCITOT 🌀 COYS 🌀 Breaking!! NXIVM Sex-Cult Prosecutors Have Evidence Of Illegal Clinton Campaign Contributions For 'Political Influence'
Source: Reuters - 🏆 2. / 97 Read more »