Tag Archives: Zoox

VB Transform The AI event for business leaders Hosted Online July 14 – 17 Register Today (Reuters) — Amazon plans to create at least $ 100 million in stock awards to retain the 900-plus employees of Zoox, the self-driving car startup it offered to buy last month, and can walk away …

Amazon today announced it has agreed to acquire Zoox, a startup developing autonomous vehicle systems principally for ride-hailing applications. Neither company disclosed the terms of the deal, but according to The Information and the Financial Times, the purchase price is in excess of $ 1.2 billion. It’s Amazon’s biggest bet …