Uber acquires self-driving truck startup Otto
In a recent acquisition move, popular ride-hailing company Uber Technologies Inc. has taken over well-known self-driving truck startup Otto.
The acquisition of Otto – a company which is chiefly working on building self-driving trucks – by Uber is an apparent indication of Uber’s keenness to make a significant advance into the self-driving technology arena.
As a result of the acquisition of Otto by Uber, Anthony Levandowski – co-founder of Otto – will oversee a new pilot program launched by Uber to enable selected customers to book a self-driving car for a ride.
The pilot program has been launched by Uber in Pittsburg, and will gradually be expanded to San Francisco and Palo Alto.
The acquisition of Otto will not only help Uber in the pilot program which allows people to ride in self-driving cabs, but will also facilitate Uber in its foray into the trucking industry. By acquiring Otto, Uber will be able to use self-driving technology for grabbing a bigger section in the fragmented transportation industry; and thus offer automated truck shipments on the highways, along with self-driving intra-city cabs.
Betting big on cruisers, the luxury motorcycle...Read More
Uber Technologies reported lower loss by nearly 9...Read More
The Samsung Galaxy Note 8 is facing an increasingly...Read More
Luxury carmaker BMW’s next-generation M5 car will...Read More
Board members of the bankrupt Energy Future...Read More
During the past few years, Tesla was slammed by a...Read More