SAN FRANCISCO: A group of investors including SoftBank Group is in talks to invest US$1 billion or more into Uber's self-driving car unit, The Wall Street Journal reported on Wednesday.
Uber has been in a race with Google-owned Waymo and a host of other companies, including major automakers, to develop self-driving vehicles.Waymo said this month that it would sell a key innovation to companies that don't compete with its autonomous cars. 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.
Source: Car News Wire (carnewswire.net)
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