Uber is eyeing an autonomous vehicle empire, and executives are ready to spend $10 billion over the next few years to achieve it, according to CEO Dara Khosrowshahi.
“We expect to commit over $10 billion of capital over the coming years to bring AVs to market at scale,” Khosrowshahi said in prepared remarks ahead of the company’s earnings call on Wednesday. “That progress was evident this quarter. AVs are live on Uber in 7 cities, on track for as many as 15 by year-end.”
Some of that investment will go into building necessary infrastructure before putting autonomous vehicles on the roads en masse, and another good portion of that investment…
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