Uber Buys AI Start-Up
Look to automated future
Uber has acquired an AI start-up based in New York in a bid to speed up progress in its selfdriving cars. We don’t know how much the QUICK BITS... acquisition cost but it will mean an additional 15 specialist researchers forming a new division, Uber AI Labs, which will work on such things as improving traffic predictions and even working on flying cars, according to the BBC. Wow – where we’re going, we don’t need roads.
It’s worth noting that Uber actually lost over $2bn last year, attributed to the firm’s rampant growth. This acquisition is hardly going to help it to keep its costs in check but the company is clearly prepared to carry on progressing. It does have a new rival in the self- driving field too...