What Happened
Uber and Rivian are joining forces to deploy 50,000 fully autonomous robotaxis over the next several decades, the companies announced Thursday.
Why It Matters
As part of the deal, Uber will invest $1.25 billion in Rivian through 2031, contingent on Rivian meeting certain autonomy milestones, starting with an initial $300 million at signing.
Key Details
- (The deal is still subject to regulatory approval.) The news signals a big vote of confidence in Rivian's nascent autonomy efforts, which include designing its own custom AI chips to power Level 4 autonomous vehicles.
- Uber, meanwhile, has been on something of a robotaxi partnering spree, corralling a variety of compani … Read the full story at The Verge.
Background Context
Uber and Rivian are joining forces to deploy 50,000 fully autonomous robotaxis over the next several decades, the companies announced Thursday. As part of the deal, Uber will invest $1.25 billion in Rivian through 2031, contingent on Rivian meeting certain autonomy milestones, starting with an initial $300 million at signing. (The deal is still subject to regulatory approval.) The news signals a big vote of confidence in Rivian's nascent autonomy efforts, which include designing its own custom AI chips to power Level 4 autonomous vehicles. Uber, meanwhile, has been on something of a robotaxi partnering spree, corralling a variety of compani … Read the full story at The Verge.
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Source: The Verge – Original Link
Source: The Verge
