Uber has abandoned efforts to develop its own self-driving car, bringing to an end one of the most ambitious attempts to develop a fully autonomous vehicle.
Financial Times reports that the ride-hailing company will instead swap its operations for a minority stake in Aurora, a driverless vehicle start-up backed by Amazon and Sequoia, at a significantly marked-down valuation.
“Uber took an early lead in the race to develop autonomous vehicle technology four years ago, leapfrogging rivals, including Google and Tesla, in pursuit of getting a fleet of self-driving taxis on the road. However, its efforts were marred by tragedy when a woman was killed in an accident involving one of the cars in Tempe, Arizona in 2018, and Uber’s investors have pressed the company to focus on getting its core car-booking business to profitability”, reports the Financial Times.
Labour pitches stability, subsidies and broad social support
Prime Minister Robert Abela used the third day of the campaign to reinforce Labour’s message of continuity, positioning th...
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Labour pitches stability, subsidies and broad social support
Prime Minister Robert Abela used the third day of the campaign to reinforce Labour’s message of continuity, positioning th...
Morning Briefing
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