00:00Uber is investing up to $1.25 billion in Rivian as part of a deal to deploy up to 50
00:07,000 autonomous R2 electric vehicle robo-taxis across 25 cities in the U.S., Canada and Europe by 2031, with
00:16San Francisco and Miami set to be the first markets launching in 2028.
00:20The deal marks a major acceleration in Uber's robo-taxi ambitions and adds to Rivian's growing war chest following its
00:28$5.8 billion Volkswagen software deal, as both companies look to challenge Waymo's dominance in the rapidly expanding autonomous vehicle
00:38market.
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