Uber faces competition challenge from investor Google

Article by Christian A., on February 6, 2015

Uber, the app-based transportation company, may soon find one of its biggest investors as one of its largest rivals. Google Ventures, the tech giant's venture capital arm, invested $258 million in Uber in August 2013 and injected more less than a year later. As part of the investment, David Drummond, Google’s chief legal officer and senior vice president of corporate development, has been on Uber’s board of directors since 2013.

Google is currently getting ready to roll out its own Uber-like service, probably in conjunction with its driverless car project. Drummond has alredy informed Uber's board of this possibility, according to a person privy to the board.

Likewise, Uber executives have already seen screenshots of what seems to be a ride-sharing app used by Google employees. The source told Bloomberg that the Uber board is now trying to decide whether to ask Drummond to step down from his post.

On the other hand, Techcrunch has reported that Uber has commenced plans to open its own research facility in Pittsburgh, Pennsylvania to develop its autonomous vehicle technology.

The report also said Uber has tapped more than 50 scientists from Carnegie Mellon University and the affiliated National Robotics Engineering Center.

Google recently disclosed that the driverless car technology in development within its Google X research lab could be ready for widespread use from two to five years.

Topics: google

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Cadillac’s CT6 full-size prestige-luxury sedan is still somewhat new. It has been offered to the global auto market for two model years – 2016 and 2017. But for those who...
by - February 19, 2017
In many industries, it is the rivalries that make things exciting. In basketball for example, there is the well-known rivalry between the Los Angeles Lakers against the Boston Celtics. For...
by - February 19, 2017
Now on sale in several major markets around the world including Europe, the BMW 5 Series (G30) heralds the arrival of the new seventh generation and represents a whole new...
by - February 19, 2017
Just recently, it was speculated that a new Porsche Cayman GT4 RS is coming. There is no official confirmation yet from the German sports car maker, but the arrival of...
by - February 18, 2017
Will there be a BMW M4 CS? Apparently, there is a Club Sport version of the BMWM4 after it was sighted in California doing a shoot for a new commercial...
by - February 18, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries