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Amazon buys self-driving cars startup Zoox for $1.2 billion, says Financial Times

Zoox was founded in 2014 and valued at $3.2 billion in July 2018

Zoox self driving vehicle. Photo: Shutterstock
  • Amazon may use autonomous vehicles in its delivery network, say analysts;
  • It’s the biggest infusion the e-commerce giant has made into the self-driving sector.

Amazon has acquired self-driving vehicles startup Zoox for more than $1.2 billion: the big tech’s biggest investment into the autonomous vehicle sector, as reported by Financial Times.

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Zoox will continue to exist as a standalone business, added TechCrunch, that says that Amazon has been working on its own autonomous vehicle technology projects, including its last-mile delivery robots. The e-commerce giant has also invested in autonomous driving startup Aurora, and it has tested self-driving trucks powered by self-driving freight startup Embark.

Financial Times reports that some analysts expect Amazon to focus on integrating autonomous technology into its delivery network. Zoox was founded in 2014 and it was valued at $3.2 billion in July 2018.