Dara Khosrowshahi, Technology, Technology & Computing

Dara Khosrowshahi, Technology

Uber open to using self-driving tech from competition: CEO

Uber open to using self-driving tech from competition: CEO

4/3/2020 11:42:00 PM

Uber open to using self-driving tech from competition: CEO

Uber Technologies Inc's self-driving unit is open to using technology from competitors in the industry, the company's chief executive said on ...

BusinessUber Technologies Inc's self-driving unit is open to using technology from competitors in the industry, the company's chief executive said on Wednesday.FILE PHOTO: Uber CEO Dara Khosrowshahi speaks to the media at an event in New Delhi, India, October 22, 2019. REUTERS/Anushree Fadnavis/File Photo

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05 Mar 2020 04:11AMShare this contentBookmarkREUTERS: Uber Technologies Inc's self-driving unit is open to using technology from competitors in the industry, the company's chief executive said on Wednesday."If any of those competitors want to put their tech onto our platform we’d be absolutely open as long as their tech is safe enough," Dara Khosrowshahi said at the Morgan Stanley 2020 Technology, Media & Telecom Conference in San Francisco.

AdvertisementAdvertisementThe CEO said Uber was already talking to third parties, but did not provide further details.Khosrowshahi added that Uber's Advanced Technologies Group, the autonomous driving unit, had"very significant structural advantages" due to the ride-hailing business including knowledge of routes that generate the most revenue. headtopics.com

Unlike other companies which are working on fully autonomous cars, Uber was focused on automating the simplest and most profitable routes in cities."We have a commercialization strategy I don't see any competitor yet have," Khosrowshahi said.

AdvertisementAdvertisementSome investors have grown wary over the money Uber pours into its self-driving unit at a time when the industry acknowledges that autonomous car technology will take several more years to be road-ready.Some companies have also raised concerns over the commercial viability of the technology. German carmaker Daimler AG in November questioned the future earnings potential of robotaxis and said it “right-sized" its spending level on the technology.

(Reporting by Tina Bellon in New York; Editing by Chris Reese and Matthew Lewis) Read more: CNA »

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