Uber to invest $1.25 billion in Rivian as part of new robotaxi deal

Uber and Rivian are joining forces to deploy 50,000 fully autonomous robotaxis over the next several decades, the companies announced Thursday. As part of the deal, Uber will invest $1.25 billion in Rivian through 2031, contingent on Rivian meeting certain autonomy milestones, starting with an initial $300 million at signing. (The deal is still subject […]