Uber Clinches $1 Billion Investment in Self-Driving-Car Unit

Uber Technologies Inc. on Thursday said it struck a deal with a group 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.

The investment, which includes money from auto maker Toyota Motor Corp. and Japanese auto-parts maker Denso Corp., values the driverless-car division at $7.25 billion.

It is somehow appropriate that a major disrupter (Uber) is going hard into disrupting how our society gets around (self-driving cars). Uber has both the attitude & charisma to pull it off. disruption AutonomousVehicles technology SelfDrivingCars SoftBank hitech

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.

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

Nice.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

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 »