CatalystTech/AI
Uber is putting more money into scaling self-driving car availability. The spend signals rideshare is heading toward a supply it owns rather than one it has to bid for. Watch the capex line before you
Uber's increased investment targets expanding self-driving car availability.
Context
What happened: Uber said on Wednesday, alongside third quarter results, that it plans to more than double the number of self-driving cars on its platform over the next year and to arrange financing to build self-driving fleets.
Why it matters: Uber also wants to bring in outside capital, signaling it will spend more to secure self-driving car availability on its platform.
What changed
Uber said on Wednesday, alongside third quarter results, that it plans to more than double the number of self-driving cars on its platform over the next year and to arrange financing to build self-driving fleets.
Why it matters
Uber also wants to bring in outside capital, signaling it will spend more to secure self-driving car availability on its platform.