Amazon,eroticized story like Waymo, Uber, and Tesla, appears to want to build fleets of autonomous cars.
The retail giant acquired self-driving startup Zoox for more than $1 billion, The Information reported Friday. The Financial Timeshas a similar report, claiming that the actual value of the acquisition is more than $1.2 billion.
Zoox itself confirmed the news in an Instagram post. "We are delighted to announce that Zoox is teaming up with @amazon. We have made great strides in creating autonomous mobility from the ground up, and are excited to continue working with our exceptionally talented team to realize that vision," the post says.
The Wall Street Journalreported on the acquisition talks in May, though the deal wasn't finished at the time.
View this post on Instagram
Zoox, which is headquartered in California and has more than 1,000 employees, has spent the last six years working on technology that would allow a "fully autonomous" car to drive both on city roads and highways, with advanced features such as yielding to pedestrians, passing double parked vehicles, and making "unprotected" left and right turns at red traffic lights, according to the company.
Zoox hasn't unveiled its prototype publicly yet, though, and The Information claims the company pushed back plans to launch a robotaxi service this year as its software isn't ready.
SEE ALSO: Amazon says cops can't use its facial-recognition tech for a year, but not much elseAmazon has dabbled in self-driving technology — for example, it invested in startup Aurora in 2019 — but this acquisition is more serious. It's one of the company's biggest investments ever, after Whole Foods and Zappos, which Amazon bought for $13.4 billion and $1.2 billion, respectively. The Information claims that Amazon will likely have to invest billions more to bring Zoox cars onto the streets.
Topics Amazon
BlackBerry announces cheaper Key2 LE starting at $399Huawei embraces sliding phones with Honor Magic 2Eminem just dropped a surprise album called 'Kamikaze' and people are into itProducer says NBC tried to kill Ronan Farrow's Harvey Weinstein storyDetails of Saturn's northern lights revealed in new Hubble photosProducer says NBC tried to kill Ronan Farrow's Harvey Weinstein storyWest Bengal asks colleges to have separate toilets for transgendersPixel and iPhone had a baby, and it's called the HTC U12 LifeUberAir announces 5 cities that could host its flying taxi serviceApple takes a step towards its own version of Google GlassStunning videos show meteor light up Australian skyHere's how to make your 'Mini' (me) sticker in Google GboardHuawei embraces sliding phones with Honor Magic 2Hands on with Sony's Xperia XZ3NYC renamed 'Jewtropolis' on apps that use same map startupTrump claims his loss of Twitter followers proves antiBang and Olufsen's new wheelCher's mom is really proud of her daughter's 'Mamma Mia' cameoJeff Goldblum's cool with internet commenters calling him 'daddy'NASA's New Horizons snaps its first photo of Ultima Thule JBL Tune 510BT Headphones deal: Take 25% off Beats Powerbeats Pro 2 just received their first discount OpenAI is buying AI coding platform Windsurf for $3 billion Skullcandy earbuds (2 Best pet camera deal: Get $34 off the Petcube Play 2 smart pet camera Best mesh wifi deal: Save $75 on the Amazon eero 6+ Best Fitbit deal: Save $20 on the Fitbit Inspire 3 Save up to $150 on refurb Dyson Airwrap, Supersonic, and Airstrait Samsung Unpacked stream is set for May 12, 2025 How to watch 'Drop': When is it streaming? Jackery Solar Generator 1000 V2 and E100 Plus: Only $499 The curious case of Robin Hood's missing intro on Amazon NYT Strands hints, answers for May 6 Exceptionally rare radio sources detected in the distant universe How to unblock Pornhub for free in Nebraska Webb telescope just got a crystal Best headphones deal: Save $40 on SHOKZ OpenRun Pro 2 Free Krispy Kreme: How to get free original glazed doughnut Lego Flower Deals: Get up to 57% off at Amazon [May 2025] Book sale: Buy one get one 50% off select books at Target
1.977s , 8286.8828125 kb
Copyright © 2025 Powered by 【eroticized story】,Steady Information Network