FILE PHOTO: A screen displays the company logo for Uber Technologies Inc. on the day of it's IPO at the New York Stock Exchange in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid
- Uber Technologies Inc is in advanced negotiations to acquire Foresight, a startup that develops simulation software, The Information reported on Monday citing a source familiar with the matter. The report did not mention the deal terms but said the price mainly covered the cost of hiring the team behind the Silicon Valley-based company that makes the software used in autonomous driving.
Uber’s simulation software has suffered from various deficiencies and still has trouble predicting how its self-driving car prototypes will handle the real world, the report said, citing the source. An Uber spokeswoman declined to comment. Foresight did not immediately respond to Reuters request for comment.
Maybe they should concentrate more on being profitable!!
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