Uber Bets Billions on Owning Self-Driving Cars

Uber is spending over $10 billion to buy thousands of self-driving vehicles, a major shift from its traditional model of partnering with other companies. The vehicles, modified Volvo SUVs equipped with cameras and sensors, signal that Uber believes the technology is now ready for real-world use. The move suggests ride-hailing companies increasingly prefer to build and operate their own fleets rather than license technology from others.