Uber Warns Investors Its Focus On Self-Driving Vehicles Could Be Risky
19 April 2019 3:13 PM GMT
The future of Uber is riding on self-driving cars, but the startup is warning investors now that it's a risky business move. If rival companies are able to develop self-driving vehicles on a grand ...
- If rival companies are able to develop self-driving vehicles on a grand scale before Uber does, it could put everything from Uber's ride-hailing service to its food delivery service at risk.
- "We have invested, and we expect to continue to invest, substantial amounts in autonomous vehicle technologies," said Uber representatives.
- If any of these rivals manage to scale up self-driving technology before Uber, the startup's business as a whole could be at risk.
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