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    Wednesday, 1 July 2020

    Amazon shelled out $1.2B for Zoox, but should stay away from robotaxis


    Early last week, rumors that e-commerce giant Amazon would be buying an autonomous vehicle startup started to surface. By the end of the week, it was a done deal. But what is Amazon doing buying an autonomous vehicle startup? According to a Financial Times report, Amazon recently paid $1.2 billion to buy self-driving tech up-and-comer, Zoox. This makes it Amazon’s biggest foray into self-driving tech, and one of the company’s biggest acquisitions ever. I need to be honest here, Zoox isn’t one of the startups in this field that ranks high on my radar, so let’s take a quick look…

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