Uber (UBER) has committed more than USD 10bln to buying thousands of autonomous vehicles and taking stakes in their developers, according to FT

Uber's significant commitment of over USD 10 billion towards acquiring autonomous vehicles and investing in their developers signals a strategic pivot towards innovation in the transportation sector. This move could strengthen Uber's competitive position and accelerate its growth, but it may also raise questions about capital allocation and the realization of returns within the expected timeframe.