Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Business

Uber nears deal for self-driving car simulation startup: The Information

FILE PHOTO: A screen displays the company logo for Uber Technologies Inc. on the day of it's IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid

(Reuters) - Uber Technologies Inc <UBER.N> is in advanced negotiations to acquire Foresight, a startup that develops simulation software, The Information reported on Monday citing a source familiar with the matter.

The report did not mention the deal terms but said the price mainly covered the cost of hiring the team behind the Silicon Valley-based company that makes the software used in autonomous driving. (https://bit.ly/2PAkqzE)

Uber's simulation software has suffered from various deficiencies and still has trouble predicting how its self-driving car prototypes will handle the real world, the report said, citing the source.

An Uber spokeswoman declined to comment. Foresight did not immediately respond to Reuters request for comment.

(Reporting by Bharath Manjesh in Bengaluru; Editing by Shailesh Kuber)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.