Uber Toyota will invest $ 500 million to develop autonomous vehicles

Uber Toyota will invest $ 500 million to develop autonomous vehicles

Source: ATYUN AI platform 

Toyota will invest $ 500 million and Uber to develop autonomous vehicles, the two companies are trying to catch up with rivals in a highly competitive business in autopilot.

Toyota is the world's largest carmaker, Uber leading provider of travel services, it is widely believed in the development of autonomous vehicles has lagged behind competitors. Partnership deepens the existing relationship between the Uber with Toyota, reflecting the Dara Khosrowshahi Uber CEO of autonomous vehicles through the development of strategic partnerships.

Uber investment value of $ 72 billion.

Uber its autopilot system combined with Toyota's Guardian system, which is an automated system that provides security features, but does not allow fully automatic driving vehicle, the sources said. The source said that the technology will be built on Toyota cars that will be deployed on a network drive Uber's.

Toyota had no immediate comment. Uber declined to comment.

With a number of competitors, Toyota is not willing to enter comprehensive autopilot, and instead focus on this as part of the Guardian autopilot system.

In the past two years, due to the difficulty and high cost of developing such technologies alone, car manufacturers, technology companies and other service providers often choose to work with self-driving project.

Independent sources told Reuters that since the accident in March Uber, Khosrowshahi has been exploring future possibilities Uber car, including more partnerships and potential business sales.

This switched ATYUN artificial intelligence media platforms, the original link: Toyota Uber will invest 500 million US dollars, to develop autonomous vehicles

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