Investment Values: Uber and Self-Driving Vehicles

investment values: Soft Bank will invest 333 million from its 100 billion Vision Fund, while Toyota Motor Corp. and automotive parts supplier Denso Corp. will invest a combined 667 million. ; Toyota will also contribute up to an additional 300 million over the next three years to help cover the costs of building commercial self-driving vehicles, Uber said, according to The Japan Times. Uber CEO Dara Khosrowshahi said the funding will help maintain Uber's position at the forefront of a transforming transportation industry. Uber Technologies Inc. said Thursday that the investment values its Advanced Technologies Group ATG which works to develop autonomous driving technology, at 7.25 billion. The funding allows Uber to transfer some of the substantial cost of developing self-driving cars to outside investors. In its filing for an initial public offering this month, Uber cautioned that development of self-driving technology is expensive and time-consuming and may not be successful, and that the company lagged certain competitors. That is likely to appease some of Wall Street's concerns over Uber's spending on the autonomous unit, which has topped 1.07 billion since the program started in 2016. (news.financializer.com). As reported in the news.