Investors could pump $1bn into Uber self-driving cars: report

📆 3/14/2019 5:11 PM
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A massive investment into Uber's Self-driving cars is on the cards as SoftBank Group other investors could potentially investment $1-billion.

Softbank group CEO Masayoshi Son delivers a speech during his company's financial results press conference at a hotel in Tokyo.

Uber has been in a race with Google-owned Waymo and a host of other companies, including major automakers, to develop self-driving vehicles. The move could offer a new revenue stream for Waymo as it invests in bringing"robo taxis" to market, broadening the availability of the 3D lidar sensors it has been developing since 2011.

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Investors could pump $1bn into Uber self-driving cars: reportA group of investors including SoftBank Group is in talks to invest $1 billion or more into Uber's self-driving car unit, The Wall Street Journal reported on Wednesday.
Source: TheCitizen_News - 🏆 6. / 75 Read more »