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TL;DR


• Uber's self-driving unit, Uber Advanced Technologies Group (Uber ATG), is in talks to be acquired by Aurora, a startup founded by former Uber, Google, and Tesla executives. The acquisition would mark the end of Uber's efforts to develop its own self-driving technology, which had been a key part of the company's long-term strategy. The deal is expected to be announced as soon as this week, and it would give Uber a stake in Aurora as part of the transaction.

• The potential acquisition reflects the challenges Uber has faced in developing self-driving technology, which has proven to be more difficult and expensive than initially anticipated. Uber had invested heavily in its self-driving unit, but it has struggled to make significant progress and has faced setbacks, including a fatal accident involving one of its test vehicles in 2018. The deal with Aurora would allow Uber to focus on its core ride-hailing business while still maintaining a presence in the self-driving space.

• Aurora, founded in 2017, has been seen as one of the more promising self-driving startups, with a team of experienced engineers and a focus on developing a comprehensive self-driving system. The acquisition of Uber ATG would significantly boost Aurora's capabilities and resources, as it would gain access to Uber's technology, talent, and data. The deal is also expected to provide a path for Uber to eventually exit its investment in self-driving technology, which has been a significant financial burden for the company.

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