You are here: Home » International » News » Companies
Business Standard

Uber looks to partner with other self-driving companies, says CEO

The talks have been ongoing since October though there is no certainty a deal will be reached

Uber | self-driving cars


Photo: Reuters
Photo: Reuters

By Tina Bellon

(Reuters) - Technologies Inc's self-driving unit is looking to partner with other working on autonomous driving, the company's chief executive officer said on Wednesday.

"Our view is that we will partner with other autonomous providers over a period of time," Dara Khosrowshahi said at the RBC Capital Markets conference when asked about reports is looking to sell its autonomous driving unit, Advanced Technologies Group (ATG).

He said could offer competitors, who have poured billions of dollars into the development of robotaxis, a large customer base and valuable data on profitable routes generated through its ride-hailing business.

Reuters last week reported that Uber is in ongoing talks to sell its ATG unit to self-driving car startup Aurora, as Uber was seeking options for the costly unit, with fully automated vehicles still several years away.

Khosrowshahi declined to directly comment on the reports, but said Uber was looking to create an open network and fund ATG both internally and externally.

"We're going to be pursuing all paths forward here," the CEO said.

Khosrowshahi in May said Uber was open to using technology from competitors in the industry.

ATG has received roughly $1 billion (£753 million) in funding from external investors, including Toyota Motor Corp <7203.T> and Softbank Group Corp <9984.T>, and was valued at $7.25 billion earlier this year.

Khosrowshahi said fully automated vehicles that no longer require any human supervision were still ten to 15 years away and their progress dependent on local regulation.


(Reporting by Tina Bellon in New York; Editing by Chris Reese and Alexandra Hudson)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, November 19 2020. 02:20 IST