- Google Ventures, the search giant's venture capital arm, invested $258 million in Uber in August 2013. It was Google Ventures' largest investment deal ever, and the company put more money into Uber's next funding round less than a year later.
- Now there are signs that the companies are more likely to be ferocious competitors than allies. Google is preparing to offer its own ride-hailing service, most likely in conjunction with its long-in-development driverless car project. Drummond has informed Uber's board of this possibility, according to a person close to the Uber board.
- Uber is also teaming up with Carnegie Mellon University for a research facility in Pittsburgh, Pa., to develop its own autonomous vehicle technology, the company announced on Monday. (The news was reported earlier by TechCrunch.)
Share This Article