The company’s chief executive said on Wednesday that ’s autonomous division is seeking cooperation with other companies engaged in autonomous driving.

When asked reports that Uber intends to sell its autonomous driving unit Advanced Technologies Group (ATG), said at the RBC Capital Markets Conference: “We think we will be in for a while with other autonomous driving providers within.”

He said Uber can provide funding for competitors who have invested billions of dollars in developing robotaxis, a large customer base, and valuable data on profitable routes generated through its ride-hailing business.

Reuters reported last week that Uber is negotiating the sale of its ATG unit to Aurora, a self-driving car startup, because Uber is looking for options in expensive units, and fully autonomous vehicles are still several years away.

Khosrowshahi declined to comment directly on these reports, but said Uber hopes to build an open network and provide funding for ATG internal and external.

The said: “We will walk all the roads here.”

Khosrowshahi said in May that Uber is willing to use technology from competitors in the industry.

ATG has received approximately US$1 billion (approximately Rs 74 billion) in funding from outside investors including Toyota and SoftBank, which was valued at US$7.25 billion (approximately Rs 530 billion) at the beginning of this year.

Khosrowshahi said that fully automatic vehicles that no longer require any human supervision are still ten to fifteen years away from us, and their progress depends on local regulations.

© Thomson Reuters 2020

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