Business > Technology

SoftBank and Toyota Looking to Invest $1 Billion in Uber Self-Driving Technology

1 month ago   |   By Fortune

Uber uber is in late-stage talks with firms including SoftBank sftby and Toyota tm regarding a $1 billion stake in its autonomous driving business.
This would represent a minority stake in the self-drive division, giving Uber some additional backup ahead of its planned IPO, the Wall Street Journal , Financial Times , Reuters and the New York Times are reporting.
Investors are nervous about the division's steep losses and lack of revenue and have been pushing Uber CEO Dara Khosrowshahi to spin it off or seek outside investment. SoftBank became Uber's largest shareholder last year when it...
Read more ...

 

SoftBank and Toyota could invest $1 billion in Uber's self-driving unit

SoftBank and Toyota could invest $1 billion in Uber's self-driving unit

1 month ago   |   By Venture Beat

A group of investors led by SoftBank and Toyota is in talks to invest $1 billion or more into Uber's self-driving vehicle unit, at a value of up to $10B.
Read more ...

 


Search by Tags

   Technology      Autos      Briefing      Tech      Autonomous Vehicles      Softbank      Uber      AI      Business      Mobile      Transportation      Category-      Autos & Vehicles      Business & Industrial      News      Business News      Company News      Toyota  


Here is exactly how and when the Mueller report is going to be released

Here is exactly how and when the Mueller report is going to be released

Special counsel Robert Mueller's Russia report, in redacted form, is due out on Thursday in a multi-stage process. Attorney General William Barr will give a press conference on... Read more ...

Sol Pais, the woman 'infatuated with Columbine' and at the center of a...

Sol Pais, the woman 'infatuated with Columbine' and at the center of a massive manhunt, is a high school student from Miami

Sol Pais, an 18-year-old Florida woman, is wanted by the FBI and at the center of a "massive manhunt" in Colorado over what law enforcement have described to be a "credible... Read more ...

10 things in tech you need to know today

10 things in tech you need to know today

Good morning! This is the tech news you need to know this Thursday. Facebook said that it has "unintentionally uploaded" the email contacts of 1.5 million new Facebook users... Read more ...

DOJ officials reportedly discussed Mueller's findings with the White House...

DOJ officials reportedly discussed Mueller's findings with the White House for several days ahead of the report's release

Justice Department officials discussed the special counsel Robert Mueller's findings in the Russia investigation several times in the days leading up to when the final report... Read more ...

North Korea claims to have test fired new tactical guided weapon

North Korea claims to have test fired new tactical guided weapon

North Korean leader Kim Jong Un "supervised" the test firing of a new tactical guided weapon, according to the country's propaganda outlet. It is unclear what type of weapon it... Read more ...

The Paris Fire Brigade held 2 trainings last year to prepare for a possible...

The Paris Fire Brigade held 2 trainings last year to prepare for a possible fire at Notre-Dame

Gabriel Plus, a spokesman for the Paris Fire Brigade, told The New York Times on Tuesday that firefighters trained twice last year for a potential fire at Notre-Dame Cathedral... Read more ...

As the Justice Department gets ready to release the Mueller report, Ted Cruz...

As the Justice Department gets ready to release the Mueller report, Ted Cruz says he hopes 'very little of it is redacted'

Republican Sen. Ted Cruz said he supports releasing the special counsel Robert Mueller's final report in the Russia investigation to the public with minimal redactions. "I hope... Read more ...

As the U.S. and EU Trade Tariff Threats Over Boeing and Airbus Subsidies, a...

As the U.S. and EU Trade Tariff Threats Over Boeing and Airbus Subsidies, a Chinese Upstart Looms

The European Union on Wednesday unveiled a list of $20 billion worth of U.S. imports that it might hit with tariffs in retaliation for tariff threats made last week by the U.S... Read more ...

Some reviewers say their $2,000 Samsung Galaxy Fold foldable smartphones are...

Some reviewers say their $2,000 Samsung Galaxy Fold foldable smartphones are breaking after just two days of use

Four reviewers of Samsung's Galaxy Fold foldable smartphone are complaining that the phone's display has broken after just two days of use. The issue seems related to taking... Read more ...

The Trump administration just made it harder to travel to and send money to Cuba

The Trump administration just made it harder to travel to and send money to Cuba

The Trump administration on Wednesday announced new restrictions on travel to Cuba as well as the amount of money Cuban Americans can send to relatives on the island. Former... Read more ...