Autonomous Truck Startup OTTO Purchased by Uber Technologies
In the last issue of WTN we had an article describing the how a group of former Silicon Valley Google engineers were developing technology that would allow a truck to drive itself. While many truckers sneer at the very thought of being replaced by a computer, big money is betting this technology has a future.
On Aug. 18th Uber Technologies announced they were purchasing OTTO in a deal purportedly worth over $600 million. Both companies are based in San Francisco.