Uber is “selling” its self-driving car development unit to a rival autonomous vehicle developer, Aurora Innovation, and shaving off 15% of its total annual cash burn in the process. The move, in which Uber will invest $400 million in Aurora for a minority stake, mirrors a deal Uber struck in offloading its failing scooter-rental business to an existing rival in that field, a startup called Lime,...
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Autonomous Vehicles
Uber Offloads Self-Driving Car Unit to Aurora and Invests $400 Million in It
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Covid’s Tech Stars Twinkle Again—at Least Today
Life in our pandemic-dominated world increasingly feels like one of those scary TV series where just when you think the monster has been vanquished, you realize it’s still alive. Today’s big market sell-off on news of the new Covid-19 variant in South Africa—dubbed Omicron by the World Health Organization—is a good reminder of how vulnerable the market is to another flareup of the virus....
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