Report Amazon Reportedly Buys Self-Driving Startup Zoox

[dalab]

Amazon goes for everything
Amazon Reportedly Buys Self-Driving Startup Zoox For Over $1.2 Billion

E-commerce giant Amazon has reportedly agreed to pay more than $1.2 billion to buy self-driving startup Zoox, in a move that sheds light on the company’s huge ambitions regarding autonomous vehicle technology.
Citing unnamed sources, a report from The Information claims the deal is likely to be made public on Friday, June 26. The report did not mention the exact purchase price and added Amazon is unlikely to disclose it when the transaction goes official.
However, Financial Times claims Amazon will pay more than $1.2 billion, according to two people familiar with the matter. One of the people said Amazon would work with Zoox to create a ride-hailing fleet, which would put the e-commerce giant against the Google-backed Waymo.

carscoops.com/2020/06/amazon-reportedly-buys-self-driving-startup-zoox-for-over-1-2-billion/

 

[Centurion]

Amazon are heavily investing in cloud, 5G, quantum computing and Ai.

Autonomous cars are worth getting into for several reasons. They will transform transportation and can gather HUGE amounts of data while driving around. This could enable Amazon to develop their own map and street view service.

 

[dalab]

heavily investing in cloud, 5G, quantum computing and Ai.

In addition to being the largest investor in Rivian, they are up to something

 

[Ozy]

I like the design, and the concept of symmetry. If you look at a vehicle just as a tool, and you don’t own it, then this is quite nice for that purpose

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