Skip to main content

Toyota invests $500 million in Uber's self-driving car program

Uber self-driving car

Toyota is investing $500,000 (about £390,000, AU$680,000) in Uber's self-driving car business, helping the ride-sharing company gain an advantage over rivals including Tesla and Audi in the race to bring autonomous vehicles to the world's streets.
The companies intend to pool their expertise and technology, and hope that Uber customers will be able to hail Toyota-branded driverless cars by 2021.
It's an ambitious goal, but in line with Toyota's plan to start testing its own autonomous cars by 2020 – complete with artificial intelligence and voice recognition that will allow vehicles to hold conversations with drivers.

Across borders

In March this year, Toyota invested $2.8 billion (about £2.2 billion, AU$3.8 billion) in a new advanced research company to build the software that will power advanced autonomous cars, and make them safe and reliable enough for consumers.
“The idea is to create a company where we are not bound by restrictions,” a Toyota spokesperson told the Wall Street Journal (subscription required). “It needs to be a globalized team, and one of the best ways to do that is to create a company separate from Toyota Motor Corp, to create a company with different rules – like a startup.”
It's therefore no surprise that the company is looking beyond its native Japan for partners, and has decided that US-based Uber – a young company with a disruptive approach to business – is a perfect fit.

Popular posts from this blog

6 Effective Ways to Stop Thinking About Someone

Do you always feel, that you are doing all the work in your relationship? Are always walking on eggshells and doing the things they want? Do your texts go unanswered and you get calls only when they need you? If your answer to these questions is ‘yes’, then, there is a good chance, that you might be in a ‘one-sided’ relationship. Hold on a minute! Don’t panic. The most important thing to realise, is that you have already put in massive amounts of effort, into making something work for you two. At this point, you need to understand your happiness matter too. I know they have been mean to you and forced you to think that their happiness is the only important thing in the world. It’s not! You don’t need a magic formula to fix your situation. It is the time to drop that unhealthy baggage and take a step towards your happiness. This is how you do it: 1. Acceptance and grief You must realize, that there is nothing special between you two, and it woul...

What Does Love Feel Like?

Love cannot be explained. It can only be experienced. Love cannot be explained, yet it explains all. These lines were taken from Elif Shafak’s novel, ‘The Forty Rules of Love ’ and they beautifully describe the complex yet simple phenomenon called love.

The 7 Things Men Really Want in a Relationship