Toyota is set to invest $500 million in Uber as part of an agreement to jointly work on driverless cars. The new investment values Uber at $72 billion, which is slightly higher than SoftBank Group’s valuation from earlier this year.
Uber has been looking to lower its costs and losses in driverless vehicles after a fatal crash in Arizona.
Uber is a sinking ship, their business model is not sustainable. Toyota should have taken their money elsewhere.
Driverless cars is a whole new arena. When they invest that much, I’ll bet you they know that they can call the shots or at veto some harebrained ideas.
Wako pesa mingi ya kupoteza, driverless cars is an idea only practical in controlled environment. Maybe for psv such mathree with a predertermined destination and route but for taxi it can’t work. It is suicidal to be in a driveless taxi with all they crazy driving that happens in nairobi.
the future is here