6 August 2026
Uber doubles down on robotaxi plans, shares fall on weak profit forecast
Uber Technologies on Wednesday outlined plans to spend more than $10 billion on robotaxis over the coming years and said Waymo remained an important partner despite reports that the Alphabet unit was considering ending their alliance. The company said on Wednesday the investments in robotaxis would largely comprise equity investments in autonomous-driving partners and balance-sheet support for fleet operations and vehicle commitments. Uber CEO Dara Khosrowshahi, on a conference call with analysts, brushed off reports of Waymo considering ending their partnership, saying he expected the companies to continue operating together in Austin and Atlanta, while the ride-hailing company expanded ties with other autonomous vehicle developers.
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