Uber, After Years of Trying, Is Handing Off Its Self-Driving Car Project

nytimes.com

16 pointspingou4 comments

Doesn’t this blow Ubers value prop out the window to investors?

Did they just fold?

Looks like they will at least take a stake in Aurora.

> As part of the agreement between the two companies, Uber is taking a 26 percent stake in the start-up and Mr. Khosrowshahi will take a seat on the Aurora board of directors.

> “Uber can still have a hand in the game, without putting out the enormous amount of money they were spending with A.T.G., but still have a path to market when this technology is actually deploy-able in several years,” said Elliot Katz...

So they have a way to retreat while still saving face.

While the amount of effort to get to a Saudi Fusion is on par with ITER, it pales in comparison to what the Americans burned in the middle east.

It was the equivalent of taking 18 months off to get over a bad breakup, for the whole country. And it was pissed away.

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