Amazon gets serious about self-driving cars by dropping more than $1 billion on Zoox

Amazon, like Waymo, Uber, and Tesla, appears to want to build fleets of autonomous cars. 

The retail giant acquired self-driving startup Zoox for more than $1 billion, The Information reported Friday. The Financial Times has a similar report, claiming that the actual value of the acquisition is more than $1.2 billion. 

Zoox itself confirmed the news in an Instagram post. "We are delighted to announce that Zoox is teaming up with @amazon. We have made great strides in creating autonomous mobility from the ground up, and are excited to continue working with our exceptionally talented team to realize that vision," the post says.  Read more...