Uber has decided to stop testing autonomous vehicles on California public roads by letting its state permit expire on Saturday, March 31, 2018, without renewing it. (Uber)
Uber Technologies Inc chief executive officer Dara Khosrowshahi said it was “possible” the ride-hailing giant would look for outside investors for its self-driving car unit, but isn’t currently searching for backers.
The company’s pouring large, undisclosed sums of money into its Advanced Technologies Group, which includes the company’s self-driving car research as well as plans to build VTOL (vertical takeoff and landing) vehicles at scale and speed, with a goal of them becoming a mass-market technology.
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