Aug 24, 2016

Uber Acquires Self-Driving Truck Startup Otto for $680 Million

Posted by in categories: robotics/AI, transportation

Ride-hailing giant Uber announced on Thursday that is has acquired Otto for approximately $680 million.

All of Otto’s team, which includes ex-leader of Google’s self-driving project, Anthony Levandowski, will move to Uber. They will work on the company’s self-driving project and report directly to CEO Travis Kalanick.

See also: Self-driving tech startup Otto wants truckers to keep on…napping.

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