News Summary

• The Financial Times calculated that Uber has committed more than $10 billion to buying autonomous vehicles and taking equity stakes in the companies developing the tech.
• About $2.5 billion of that is in direct investments, with the remaining $7.5billion to be spent on buying robotaxis over the next few years.
• It looks like a seed round announcement is imminent for a San Francisco-based startup working on an autonomous hauler that I’ve been told doesn’t have a driver cab.