News

Uber advances aims by buying Otto, a six-month old startup for self-driving trucks

Ride hailing app Uber has announced its acquisition of Otto, a six-month old startup for self-driving trucks.

Founded by former Googlers Anthony Levandowski and Lior Ron, Otto already has four trucks on the road 24 hours a day, seven days a week.

According to this report from Bloomberg’s Max Chafkin, the move follows concerted efforts by Uber to spearhead the autonomous vehicles sector.

According to Bloomberg, Levandowski will now take over Uber’s entire self-driving-car operations. Uber will also be opening two more research and development (R&D) offices. This will include one in Palo Alto and another in Otto’s offices in San Francisco.

The team has a wealth of experience in this field. Levandowski was a leading member of Google’s self-driving car project in the early stages, while Ron was the former head of product at Google Maps. All in, they are well placed to pioneer the self driving industry.

Ron told Business Insider that the not-so-distant future could see self-driving ‘semis’. This would see existing trucks installing one of Otto’s $30,000 kits to produce autonomous-driving capabilities (without fully replacing the driver).

Self driven taxis

Later this month, Uber plans to launch its first self-driving car on its original taxi / ride-hailing app.

Taking place in Pittsburg, California, the new driverless cars mark the event horizon of company founder Travis Kalanick. Kalanick has been outlining his vision for a self-driven fleet of cars for a while now but, unlike Elon Musk’s Red Planet ambitions, that reality is now here.

“I’m excited to announce that Uber has acquired Otto, a 90-plus person technology startup whose mission is to rethink transportation, starting with self-driving trucks,” Kalanick said. “Anthony Levandowski, Otto’s co-founder, will now lead our combined self-driving efforts reporting directly to me—across personal transportation, delivery and trucking—in San Francisco, Palo Alto and Pittsburgh.”

One thing to note, though, is that all of the self-driven cars will arrive with a human ‘supervisor’. While Uber may be keen to dispense with human drivers all together state and city authorities are unlikely to grant that permission any time soon.

 

Read more

Why London’s Silicon Roundabout is running in circles far behind Silicon Valley

Investment to VC backed fintech startups drops 49 per cent worldwide in Q2 of 2016

“Every company has challenge to raise money” – ZeroDB’s MacLane Wilkison on long sales processes

Oliver Griffin

Recent Posts

Crafting Your Startup MVP: A Comprehensive Roadmap for Efficiency and Cost Savings

Many of you probably know that one of the most crucial steps in running a…

3 days ago

EV fleet management startup Synop launches mobile app

New EPA updates regarding emissions regulations have many vehicle fleet operators wondering not if but…

4 days ago

Blockchain industry set to benefit from new collaboration between University of Notre Dame and startup Crescite

The blockchain industry is set to benefit from a new collaboration between the University of…

5 days ago

NTT Research Foundation announces gift to establish Harvard University Center for Brain Science Fellowship Program

The NTT Research Foundation announced this month a gift to establish the Harvard University Center…

1 week ago

Unveiling GA4 Reports & Interface: A Beginner’s Guide (Part 2)

Welcome back business owners, marketing professionals, and anyone interested in harnessing digital analytics for business…

2 weeks ago

Pitbull Ventures Closes $5M Fund To Help The Next Generation of Vertical SAAS Companies

Pitbull Ventures, the early-stage venture capital firm founded by prominent investor Brad Zions, today announced the…

2 weeks ago