Uber's Self-driving Cars Are Becoming a Thing - Tech World

Saturday, September 1, 2018

Uber's Self-driving Cars Are Becoming a Thing

Toyota, Uber tie-up: Toyota (NYSE:TM) invested with $500M in Uber (UBER) to together develop self-driving automotive technology. the money valued Uber at regarding $72B, slightly higher than wherever SoftBank valued the corporate with its recent investment.

Toyota and Uber can place the autonomous vehicle school into variety of Toyota earth color minivans, which can be operated by a 3rd party however accessible through the Uber app. Uber’s autonomous vehicle program hasn’t had a swish road between the year-long court battle over Waymo trade secrets and a pedestrian fatality due partially to the vehicle’s laptop management mode. The ride-hail company recently deflate its $750M annual investment into the self-driving business.

Competition: metric weight unit (NYSE:GM) and Lyft (LYFT) have an identical investment partnership. Alphabet’s (GOOG, GOOGL) Waymo is that the development leader among the US-based firms.

Indian digital payments: Berkshire Hathaway (BRK.A, BRK.B) reportedly invested with upwards of $357M for a third to four-dimensional stake within the parent company of Paytm, Associate in Nursing Indian payment service. The investment came with a valuation of over $10B. Paytm confirmed Berkshire’s participation, tho' not the numbers, and same Todd Combs would be part of the startup’s board as a part of the investment.

Billionaire Vijay Shekhar Sharma supported One97, that runs the Paytm complete that has become the leading player within the region’s soaring digital-payment market. In 2016, India’s government moved  to eliminate most paper currency to curb corruption. The digital-payments trade is currently expected to succeed in $1T by 2023, up from the present $200B.

Competitors: world payment services with a presence in Republic of India embody Visa (NYSE:V), Mastercard (NYSE:MA), Facebook (NASDAQ:FB), and Alphabet.

Exabyte-scale storage: syndicalist Sachs (NYSE:GS) participated in an exceedingly $94M Series E spherical in storage supplier Cloudian. different investors enclosed Digital Alpha (who pitched in $25M), Fidelity Eight Roads, INCJ, JPIC, NTT DOCOMO Ventures, and WS Investments. The spherical pushed total funding up to $174M.

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