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...However, $1bn of the earnings boost was due to a rise in the carrying value of the company’s equity investments — largely an increase in the worth of its stakes in self-driving car company Aurora and Chinese...
...The company has made $5.1bn in equity investments in companies like self-driving developer Aurora and electric air-taxi company Joby. This can result in net income fluctuations....
...The industry has attracted nearly $330bn investment since 2010, according to McKinsey, with the best-funded groups including Alphabet-owned Waymo, Aurora and General Motors’ Cruise....
...Alexey Lukatsky, a Russian cyber security veteran, doubted whether officials will make a permanent switch to using devices running the rudimentary Russian-made Aurora operating system....
...But revaluations over the full year, including a $3bn unrealised loss on investments in self-driving vehicle company Aurora, drove net income down....
...Data from Aurora Mobile, which researches the behaviour of Chinese mobile users, showed Didi’s average daily user count for August fell to 10.9m from 15.6m in June....
...Two years later Uber sold its driverless car unit to local start-up Aurora. The challenge remains substantial....
...The company still posted a quarterly net loss of $2.6bn, $1.7bn of which was attributable to poorly performing investments, including its shares in self-driving vehicle company Aurora, Singapore-based app...
...However, net losses at the group leapt from $108mn a year ago to $5.9bn, largely because of unrealised losses related to its minority investments in Grab, Aurora and Didi, as lossmaking tech companies have...
...Uber’s fourth-quarter net income of $892mn benefited from a $1.4bn pre-tax windfall from its investments in autonomous vehicle company Aurora and south-east Asian app Grab....
...stepchildren from the prince’s first marriage has prompted the sale of the Casino di Villa Boncompagni Ludovisi, one of Rome’s most prestigious properties, which also features a mural depicting the goddess Aurora...
...Last year, Uber sold its self-driving cars unit to Aurora Technologies, keeping a 26 per cent stake. Tesla wants to dominate vehicle autonomy before a rival can....
...Toyota holds a minority stake in Aurora, having earlier invested in Uber’s self-driving unit, and in February it said it would collaborate with Aurora on the rollout of driverless cars....
...Uber’s investments in China’s Didi and autonomous technology company Aurora helped the rideshare group post its first quarterly profit as a public company....
...The news follows Uber’s cashing out of its robotaxi division in December, that time to Aurora — a company that both Toyota and VW have sizeable equity stakes in....
...Together, Uber and its partners will emerge with 40 per cent of Aurora....
...Uber’s decision to sell its driverless cars unit to Aurora, while taking a 26 per cent stake in the business, is sensible for the company’s cash flow....
...(NYT) News round-up Driverless car start-up Aurora to go public in $11bn Spac merger (FT) Jack Dorsey says Square will launch bitcoin DeFi platform (FT) Revolut valued at $33bn after $800m fundraising...
...We saw similar outcomes for Aurora Capital, which agreed to a deal with the SoftBank-backed mortgage lender Better, and Switchback II, the Spac transporting electric scooter start-up Bird to public markets...
...Still, under Krafcik, Waymo has remained ahead of rivals, including General Motors-backed Cruise, Aurora and Argo AI....
...In Uber’s case, robotaxis are not going to come to its rescue anytime soon — it gave up on its self-driving unit, transferring it to rival Aurora in December....
...Toyota has also partnered with Aurora, the Amazon-backed start-up, which recently acquired Uber’s autonomous driving unit....
...To hit its profitability target, Uber offloaded its autonomous driving unit to self-driving company Aurora. Elevate, Uber’s programme to build a flying car, was sold to Joby Aviation....
...A day earlier, we heard Uber was quitting its self-driving efforts with the transfer of its 1,200 employees in that division to autonomous driving start-up Aurora, along with an investment of $400m....
...He includes the Astell&Kern SR25 portable music player (£649), Naim’s £1,299 black box music player, iFi Aurora — an inventively designed bamboo and aluminium player for £1,399, the £999 Ruark R5 and the...
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