Toyota to invest $500 million in Uber


Toyota is to invest $500 million in Uber in a deal that values the car sharing company at $72 billion, according to reports.

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Uber has scaled back its in-house self-driving car project after a fatal crash last March saw a self-driving Uber vehicle kill a 49-year-old woman as she crossed a street in Temple, Arizona.

Which other car companies are investing in self-driving solutions? 

  • According to Reuters, Daimler AG and and Bosch Corp will deploy self-driving taxis in Silicon Valley region next year as part of a test program.
  • Elon Musk is continually developing his automated driver software for the Tesla, butMusk said he doubts society will be ready for self driving cars to be on the road within 2018 as told to Business Insider.
  • Add more examples here.

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