"Uber has committed more than $10 billion to buying autonomous vehicles and taking equity stakes in the companies developing the tech, according to public records and discussions."
"Uber is now entering into a new and different asset-heavy era, not plunking down millions, or even billions, to develop the technology in-house."
Uber has invested more than $10 billion in autonomous vehicle technology, with $2.5 billion in direct investments and $7.5 billion earmarked for robotaxi purchases. The company has made numerous investments in various autonomous vehicle companies, including WeRide, Lucid, and Nuro. Historically, Uber shifted from an asset-light model to an asset-heavy approach between 2015 and 2018, launching initiatives like Uber Elevate and acquiring companies like Otto. However, in 2020, Uber divested from many of these ventures while retaining equity stakes.
Read at TechCrunch
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