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Uber announces $1 billion investment into its self-driving car group, weeks before going public

Deirdre Bosa

Uber's Advanced Technologies Group (ATG), which works on self-driving vehicles, has netted an investment from the SoftBank Vision Fund ($333 million), Denso and Toyota ($667 million combined). The deal will value the ATG at $7.25 billion and create a new entity with its own board. Uber released its public IPO filing in April and is expected to debut at a valuation of up to $100 billion in May.