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. 

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.

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