The $3.1 billion deal, a break from Uber’s approach in some other regions, will give the ride-hailing company a strong foothold in the area ahead of its expected public offering. Source: NYT > Business – KATE CONGER
Bits: The Week in Tech: Our Future Robots Will Need Super-Smart Safety Checks
Software looks to be at the heart of the recent Ethiopian Airlines crash. Safety approval of such systems will only get harder as technology advances. Source: NYT > Business – JAMIE CONDLIFFE
With Interest: The Week in Business: Boeing’s Big Mess and Brexit’s Next Steps
Plus, Facebook sheds two top executives and gains a criminal investigation. Source: NYT > Business – CHARLOTTE COWLES
SoftBank and Other Investors May Buy $1 Billion Stake in Uber’s Self-Driving Cars
The talks precede Uber’s initial public offering and may ease worries about how costly it is to develop autonomous vehicles. Source: NYT > Business – MIKE ISAAC, KATE CONGER and ERIN GRIFFITH
The Rise of Silicon Valley’s New Mafias
With Uber and Airbnb readying to go public, networks of their former employees are expected to throw big dollars at new start-ups, starting the cycle over again. Source: NYT > Business – ERIN GRIFFITH
Uber Settles Drivers’ Lawsuit for $20 Million
Uber settled a lawsuit with drivers who sought employment status, resolving a longstanding legal issue ahead of its initial public offering. Source: NYT > Business – KATE CONGER