Source: Uber
Uber selling off its self-driving division isn't a surprise. But now, we learn that it is selling its Advanced Technologies Group (ATG) to Aurora Innovation, an autonomous vehicle startup and once its rival. Uber will invest US$400 million in Aurora as part of the deal, and its CEO Dara Khosrowshahi will join the startup's board of directors.
As Engadget puts it, Uber is paying Aurora to take ATG off its hands. In the short term, Aurora will use ATG's tech for its self-driving truck. Later on, there will be robot taxis as Uber is licensing the tech from Aurora.
This sale won't be the last sale Uber will make as it tries to carve a path to profitability. This month, Uber is said to be in advanced talks with Joby Aviation to sell its flying taxi division. This sale could be confirmed in the next few weeks.