UBER gets $1 billion investment for it’s self-driving car

UBER gets $1 billion investment for it’s self-driving car: In a bid to invest into the emerging sector that is driverless cars, Uber’s autonomous vehicle unit has raised $1 billion from a consortium of three Japanese investors including Softbank’s Vision Fund, Toyota, and auto-parts maker Denso. The financing establishes Uber’s self-driving cars unit as its own corporate entity, valued at $7.25 billion.

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

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