Toyota will invest $ 500 million to Uber related to the development of autonomous car technology

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Toyota will invest USD 500 million in Uber-related technology development of autonomous cars. Investment from Toyota that makes valuations become Uber USD 72 billion, slightly higher than the Uber valuation in December when 20% stake taken by Softbank.

Investment from Toyota is a new fresh wind might say Uber because earlier they begin to loosen his autonomous car development project, i.e. after the accidental death in March and then in Tempe, Arizona, United States, that killed a hiker the central crossing the street.

This is not the first time Toyota invests to Uber. in December 2016, the Japanese manufacturer that announced a strategic cooperation with Uber, Uber driver where can I buy a Toyota car in credit, and paying for them directly from the admission of the Uber.

Toyota itself lately is very serious in the autonomous car technology. They have recently established the Toyota Research Institute whose main task is to develop the technology of AI, particularly in two aspects. i.e. autonomous car and robot helpers to at home.

According to reports from The Verge, at the beginning of 2018, they also announced its plans to create a huge factory in Michigan, United States to conduct test an autonomous car that was judged too dangerous if done in public streets.


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