The goal was to eventually offer rides without needing to pay drivers. Spinning off Why is Uber selling its autonomous-vehicle division? Uber isn't getting any cash in exchange. Uber is getting out of the self-driving game. This text may not be in its final form and may be updated or revised in the future. But Uber has been seeking options for its autonomous vehicle division, a cash-burn machine, including more outside investment, as Khosrowshahi refocused on … Uber is selling off its autonomous vehicles development arm to Aurora as the ride-hailing company slims down after its revenues were pummeled by … Self-driving cars were meant to be its future. It wanted to replace personal car ownership. 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. Topics Autonomous Vehicles Uber Self-Driving Cars WIRED is where tomorrow is realized. Copyright © 2020 NPR. Developing self-driving technology is one of the biggest technical challenges of our time. Hypothesis Test: How can Uber improve the safety of its ride-sharing service? Autonomous vehicle design involves an almost incomprehensible combination of engineering tasks including sensor fusion, ... Uber’s test vehicle was driving 39 … Uber is selling off its driverless car unit - a move that reverses a previous important strategy item to position the company for the future of transportation.. 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. Uber will sell its self-driving car business to Aurora Innovation, a startup founded by the former head engineer of Google’s pioneering autonomous vehicle project. NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. Self-driving could still be part of Uber's future in years to come through partnerships, but the company won't be developing the technology in-house. The short answer is that Uber is not yet striving for a world of total autonomy—developing realms of self-driving pistes is the current goal. Please let us know if you agree to all of these cookies. The company lost around $8.5bn in 2019. Uber … Despite being the largest ride-sharing firm in the world, Uber has consistently failed to make a profit since its inception. IVES: This was a strategic vision, but ultimately, for it to really play out, they were going to need to sell this business. After all these years, Uber is recognizing its limitations. TRAVIS KALANICK: There's a huge, huge, like, positive impact to society when driverless cars become a thing. If successful, these vehicles have the potential to make our roads safer and transportation more affordable for everyone. Published Tuesday, December 8, 2020 Uber is to sell its autonomous driving unit to start-up Aurora, in a deal designed to accelerate the firm’s attempts to become profitable. It wanted to operate around the globe. Uber is doubling down on ride-hailing and food delivery as it chases that elusive profit. “Few technologies hold as much promise to improve people’s lives with safe, accessible, and environmentally friendly transportation as self-driving vehicles. Ives says this transaction is all about getting a money-loser off the books. DARA KHOSROWSHAHI: We will have autonomous cars on the road, I believe, within the next 18 months not as a kind of a test case but as a real case out there. And that research is very expensive. According to tech site The Verge, Aurora’s self-driving vehicle will eventually operate on the Uber platform, and Uber is investing $400 million in Aurora. DOMONOSKE: All that expertise is heading to a startup named Aurora that's working on self-driving trucks. CAMILA DOMONOSKE, BYLINE: Uber has always aimed big. Uber started charging fees for autonomous car rides, even though Peduto was under the impression that the rides would be free, and the company withdrew support for a … It's in the billions. Aurora will also take control of Uber’s Advanced Technologies Group (ATG) and incorporate its team and technology into its own. Aurora will acquire the employees and technology behind Uber's Advanced Technologies Group in an equity transaction, the companies said Monday. Uber is to sell its autonomous driving unit to start-up Aurora, in a deal designed to accelerate the firm’s attempts to become profitable. The company lost around $8.5bn in 2019. Business Dec 10th 2020 edition. DOMONOSKE: That was Uber co-founder Travis Kalanick at a World Economic Forum event in 2016. 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