Uber self-driving division may receive $1B investment led by SoftBank

Uber self-driving division may receive $1B investment led by SoftBank

5 years ago
Anonymous $Dftgs0JzgE

https://www.cnet.com/roadshow/news/uber-self-driving-division-investment-softbank/

The investment comes as Reuters reports that Uber's research into self-driving cars is, "costing the money-losing startup hundreds of millions of dollars without generating revenue." This week, TechCrunch reported that at one point Uber was spending $20 million per month on its self-driving division, with the ambitious goal of having 75,000 autonomous vehicles on the road by this year.

It remains to be seen which other companies are involved with the rumored investment in Uber's self-driving technology, as The Wall Street Journal reports that that the investment group includes "other investors, including at least one auto maker." The deal is reportedly expected to be completed as soon as next month.