Ride-hailing company sells division to startup Aurora but says they will collaborate
Uber has ditched efforts to develop its own self-driving car with the multibillion-dollar sale of its driverless car division to a Silicon Valley startup.
The ride-hailing company is selling the business, known as Advanced Technologies Group (ATG), for a reported $4bn (£3bn) to Aurora, a start-up that makes sensors and software for autonomous vehicles and is backed by Amazon and Sequoia Capital.
Continue reading…Ride-hailing company sells division to startup Aurora but says they will collaborate Uber has ditched efforts to develop its own self-driving car with the multibillion-dollar sale of its driverless car division to a Silicon Valley startup.The ride-hailing company is selling the business, known as Advanced Technologies Group (ATG), for a reported $4bn (£3bn) to Aurora, a start-up that makes sensors and software for autonomous vehicles and is backed by Amazon and Sequoia Capital. Continue reading…