Uber has lately raised $13.5 billion in investments and up to date investors have valued it at $sixty two.5 billion, making it the highest valued private company in Silicon Valley. And Uber seems to be hanging the big bucks to some just right use. The monetary occasions stories that the cab-hailing firm is spending $500 million on mapping the whole world!
Uber presently uses Google Maps to energy their app. Their determination in mapping the sector would permit them to develop into impartial from Google Maps, in particular after Google raised charges for different companies who use their service. furthermore, Google Maps are much less correct especially in Asian nations where drivers have to ask for directions.
at present, Uber is the use of mapping automobiles in the US and Mexico where they’re gathering data on their atmosphere and images for maps. Such mapping automobiles are expected to be rolled out to different international locations quickly. aiding Uber in their efforts is DigitalGlobe, a satellite imaging technology firm, and Brian McClendon, former Head of Google Maps who will be top Uber’s global mapping.
with the aid of creating their own maps, Uber might provide extra accurate guidelines to their drivers. it would additionally play a vital position in their driverless vehicles which they hope to launch in the future.
We experience a possible competition brewing between Uber and Google.
source – The monetary occasions