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Uber buys self-driving truck startup Otto; teams with Volvo

Uber's moves reflect its eagerness to advance self-driving technology, which could over time reduce its biggest cost, paying drivers. Uber would also be positioned to expand into the trucking industry. The Uber-Volvo partnership will allow Uber to pool resources with the Swedish-based carmaker, owned by China's Geely, into initially developing the autonomous driving capabilities of Volvo's flagship XC90 SUV model. The investment will be shared roughly equally by the two companies. Developers hope for productivity gains with the new technology that will enable trucks to drive around the clock, leaving humans to rest, do paperwork and take controls only while going on and off highways. (Mail Online UK)

 

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