Zoox CEO Aicha Evans will continue to lead the California-based company, which designs self-driving ride-hail vehicles. (The Logic)
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Zoox CEO Aicha Evans will continue to lead the California-based company, which designs self-driving ride-hail vehicles. (The Logic)
Talking point: Amazon is paying over US$1 billion for Zoox, but it will cost billions more to take the company’s vehicles from prototype to mass market. Alphabet, Apple, Toyota and GM are among the deep-pocketed investors that have already poured a combined US$18 billion into the self-driving space so far, according to estimates compiled by The Information. Zoox has tested its vehicles in San Francisco and Las Vegas, but delayed the launch of a robotaxi service due to software problems. Amazon’s move into self-driving passenger vehicles follows an investment it made in July 2019 into Aurora, a firm developing autonomous trucks for long-haul deliveries.
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