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

11/18/2020 | 02:10pm EST
FILE PHOTO: An Uber sticker is seen on Margaret Bordelon's car in Lafayette, Louisiana

(Reuters) - Uber Technologies Inc's self-driving unit is looking to partner with other companies 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 Uber is looking to sell its autonomous driving unit, Advanced Technologies Group (ATG).

He said Uber 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 in funding from external investors, including Toyota Motor Corp and Softbank Group Corp, 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)

By Tina Bellon


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
TOYOTA INDUSTRIES CORPORATION 1.43% 8500 End-of-day quote.3.79%
UBER TECHNOLOGIES, INC. -1.05% 55.79 Delayed Quote.10.55%
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