Uber nears deal for self-driving car simulation startup: The Information
Reuters
Published Dec 09, 2019 17:32
Uber nears deal for self-driving car simulation startup: The Information
(Reuters) - Uber Technologies Inc (N:UBER) is in advanced negotiations to acquire Foresight, a startup that develops simulation software, The Information reported on Monday citing a source familiar with the matter.
The report did not mention the deal terms but said the price mainly covered the cost of hiring the team behind the Silicon Valley-based company that makes the software used in autonomous driving. (https:// Uber's simulation software has suffered from various deficiencies and still has trouble predicting how its self-driving car prototypes will handle the real world, the report said, citing the source.
An Uber spokeswoman declined to comment. Foresight did not immediately respond to Reuters request for comment.
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