Uber launches artificial intelligence lab

Ride-sharing service Uber has acquired a New York-based artificial intelligence start-up which it hopes can speed up its progress in creating self-driving cars. The deal, for an undisclosed sum, will see Uber gain 15 specialist researchers who will form a new division at the company known as Uber AI Labs.Geometric Intelligence’s co-founder Gary Marcus told the BBC the team would have a wide brief – ranging from improving traffic predictions to working towards a future of flying cars.Recent reports have suggested Uber’s aggressive growth, which has required heavily subsidising fares, meant the firm lost more than $2bn (£1.6bn) last year. That figure is likely to go up in 2016.But Uber’s chief product officer Jeff Holden said the enormous losses were not a serious concern to the company. “We’re actually in…


Link to Full Article: Uber launches artificial intelligence lab

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