Uber in talks with its founder, Travis Kalanick, to fund self-driving car deal

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Uber is increasingly grappling with competition from self-driving taxi services like Waymo. Now the ride-hailing giant is taking more action to deal with that threat.

Uber is in talks with Travis Kalanick, the company’s co-founder who was forced out in a boardroom coup eight years ago this month, to help fund his acquisition of the U.S. subsidiary of a Chinese autonomous vehicle company, two people with knowledge of the matter said. The company, Pony.ai, was founded in Silicon Valley in 2016 but has its main presence in China, and has permits to…



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Uber in talks with its founder, Travis Kalanick, to fund self-driving car deal



Uber is increasingly grappling with competition from self-driving taxi services like Waymo. Now the ride-hailing giant is taking more action to deal with that threat.

Uber is in talks with Travis Kalanick, the company’s co-founder who was forced out in a boardroom coup eight years ago this month, to help fund his acquisition of the U.S. subsidiary of a Chinese autonomous vehicle company, two people with knowledge of the matter said. The company, Pony.ai, was founded in Silicon Valley in 2016 but has its main presence in China, and has permits to…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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