Waymo, Uber set aside past rift over self-driving car technology to team up on robotaxis in Phoenix
Self-driving car pioneer Waymo is teaming up with ride-hailing leader Uber in the Phoenix area to transport passengers and deliver food in robotic cars that triggered a bitter technological dispute between the two companies.
Uber, hard-hit by pandemic, sells its robot-vehicle division
SAN RAMON, Calif. – Uber is selling off its autonomous vehicles development arm as the ride-hailing company slims down after its revenues were pummeled by the coronavirus pandemic. Self-driving vehicle technology company Aurora will acquire the employees and technology behind Uber's Advanced Technologies Group in an stock transaction, the companies said Monday. Uber will also invest $400 million into Aurora, and Uber's CEO Dara Khosrowshahi will join Aurora's board of directors. After the transaction, Aurora will be worth $10 billion and Uber will hold 26% stake in the company, Aurora CEO Chris Urmson said in an interview. San Francisco-based Uber will lose a critical piece of its company after the pandemic cut into its finances by suppressing demand for shared rides.
Arianna Huffington departs Uber's board
Justin Sullivan/Getty Images(CNN) - Arianna Huffington is leaving the board of Uber after three years. She joined the company's board of directors in 2016 as its first female board member. In the regulatory filing, Huffington cites the growth of her media company, Thrive Global, as reason for her departure. Additionally, another board member Matt Cohler, a general partner at venture capital firm Benchmark, has also resigned from the board. According to a separate regulatory filing, Cohler resigned Tuesday, one day prior to Huffington.