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They invested a tonne of money in self-driving vehicles. If they didn't intend to utilise them then what on earth were they doing, lighting money on fire for fu
by smcl 3y ago
They invested a tonne of money in self-driving vehicles. If they didn't intend to utilise them then what on earth were they doing, lighting money on fire for fun?
- thworp 3y agoLighting money on fire to increase valuation. Getting a cab dispatch service to get valued at insane multiples was a master stroke.
- adeelk93 3y agoUber sold off that division years ago, and is no longer focused on self-driving https://arstechnica.com/cars/2020/12/uber-sells-self-driving-project-to-startup-aurora/amp/ https://arstechnica.com/cars/2020/12/uber-sells-self-driving...
- smcl 3y agoWeird, I remember a lot of talk around that time of self-driving cars being their future and the reason why they had such a sky-high valuation. Guess I missed this news mid-Covid
- harambae 3y ago> no longer focused on self-driving Not quite. More like they're partnering with others and staying internally focused on their core competencies, like any good company does. Section "Get to know our autonomous partners" https://www.uber.com/us/en/autonomous/ https://www.uber.com/us/en/autonomous/