Praveen Neppalli Naga, Uber’s chief technology officer, revealed the plan in an interview at TechCrunch’s StrictlyVC event in San Francisco on Thursday night, describing it as a natural extension of a nascent program the company announced in late January called AV Labs.
The record quarterly fundraise was largely fueled four mega-deals into OpenAI, Anthropic, xAI, and Waymo. But it also indicates a generally hot market.