Travis Kalanick, Uber CEO:
I’m excited to announce that Uber has acquired Otto, a 90-plus person technology startup whose mission is to rethink transportation, starting with self-driving trucks. If that sounds like a big deal—well, it is. More and more the world of atoms is interacting with bits. In order to provide digital services in the physical world, we must build sophisticated logistics, artificial intelligence and robotics systems that serve and elevate humanity.
Otto + Über has the potential to be a big deal in the world of logistics. The deal enables the companies to share their combined knowledge which will further accelerate the development of autonomous trucks in commercial transport.