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00:02Uber is expanding its robo-taxi and autonomous vehicle strategy
00:06with a reported $10 billion commitment focused on fleet growth and equity investments in robo-taxi
00:12companies, according to Benzinga. The company plans to invest $2.5 billion in robo-taxi
00:18operators and $7.5 billion to expand its fleet beginning in 2027. Uber will target more than
00:26100,000 vehicles using NVIDIA Drive technology. CEO Dara Khosrowshahi called the autonomous vehicle
00:33sector a trillion-dollar market during the company's first quarter 2026 earnings call.
00:40Uber continues expanding through partnerships with companies including NVIDIA, Alphabet's Waymo,
00:45Baidu's Apologo, and others. Uber also increased its investment in Lucid to $500 million and plans
00:53to deploy 35,000 Lucid robo-taxis, up from a previous target of 20,000 vehicles. Investor
01:00Gary Black said Uber could lead the global robo-taxi market over Tesla and Waymo due to its
01:05large user base, fleet scale, and operational leverage. For all things money, visit Benzinga.com.
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