Uber to Invest Over $10 Billion in Robotaxi Development
Uber plans to invest more than $10 billion in robotaxi development, including $7.5 billion for autonomous vehicles and potential equity investments in companies like Lucid and Rivian. The move is a strategic response to competition from Waymo and Amazon's Zoox. Uber aims to deploy robotaxis in 15 cities by the end of 2026.
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Topics: autonomous vehicles AV developers Lucid Rivian robotaxi investment Uber strategy Waymo