Uber has committed more than $10 billion to autonomous vehicle technology, according to the Financial Times. This investment includes $2.5 billion in direct investments and an additional $7.5 billion earmarked for acquiring robotaxis over the coming years. The company has made numerous investments in autonomous vehicle firms such as WeRide, Lucid, Nuro, Rivian, and Wayve. This shift marks a significant change from Uber's previous asset-light strategy, as it focuses on owning or leasing physical assets, potentially reshaping its balance sheet. This new direction follows a past phase of heavy investments in technologies like electric air taxis and autonomous vehicles, which Uber ultimately divested from but retained equity stakes in.
Uber Invests Over $10 Billion in Autonomous Vehicle Technology as It Enters New Asset-Heavy Era
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Google Explores Partnership with Marvell to Develop Custom AI Inference Chips
Google is currently in discussions with Marvell Technology to create two new AI chips, including a memory processing unit and an inference-optimized Tensor Processing Unit (TPU). This move adds Marvell as a third design partner alongside Broadcom and MediaTek in Google's custom silicon supply chain. The negotiations follow Broadcom's recent long-term agreement with Google for TPU design and supply through 2031. Google's strategy appears to focus on diversifying its chip design partnerships rather than replacing existing ones. The newly designed chips are expected to enhance Google's capacity for inference, which has become a significant cost factor as the custom ASIC market is projected to grow substantially in the coming years.
