Driverless start-up Aurora valued at $13 billion
The Amazon-backed driverless start-up Aurora is going to be publicly listed, valued at $13 billion, which is roughly £9.4 billion. An article on the Nasdaq website confirms it had agreed to merge with a Silicon Valley “blank cheque firm” backed by financiers Reid Hoffman and Mark Pincus. It says the deal with Reinvent Technology Partners […]
Uber sells its driverless subsidiary
Ridehailing firm Uber has announced it’s sold its driverless subsidiary Advanced Technologies Group to the Amazon-backed company Aurora. Aurora was founded in 2017 by entrepreneurs including former head of Google’s driverless division Chris Urmson (pictured). The company said they wanted to deliver the “opportunity to safely accelerate the adoption of self-driving technology” by “building an […]
