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Uber secures a $1 billion investment in its self-driving car unit from a group including SoftBank's tech fund, Toyota, and Denso. This boosts Uber's preparations for its upcoming IPO and values the autonomous driving division at $7.25 billion. The investment strengthens Uber's ability to fund its self-driving taxi efforts, with the self-driving car unit becoming a separate corporate entity. Uber acknowledges the uncertainty of integration and timing for self-driving cars.
Wednesday, 17 April, 2019