Uber's $1.25B Rivian Investment for 50K Robotaxis
Durham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Uber is accelerating its self-driving car initiative with significant partnerships. The company plans to invest up to $1.25 billion in Rivian, deploying up to 50,000 fully driverless Rivian R2 robotaxis in 25 cities by 2031. The Nvidia partnership will utilize advanced platform for level four autonomy, starting with data collection in Los Angeles and San Francisco in 2027. Uber aims to become the go-to marketplace for robotaxi fleets, potentially boosting its edge against rivals like Waymo and Tesla. Despite a slight dip in stock price, Ubers long-term bet on autonomous tech is reshaping ridesharing.
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