Amazon will be able to create self-taxi service or use self-driving cars to deliver goods.
Amazon’s e-commerce giant expanded its presence in the automotive sector by announcing the acquisition of a California-based ZoX startup for self-driving cars. The estimated cost of the startup is more than $ 1 billion, reports Reuters. Last year, Amazon invested $ 530 million in startup Aurora Innovation, which also specializes in self-driving cars.
According to media reports, Amazon will team up with Zox to build a fleet of robotic taxis, thus competing with Waymo, which is owned by Google’s parent company Alphabet. Amazon can also use unmanned vehicles to deliver goods.
Paypal magazine help
Elon Musk, who is often criticized for his Twitter posts, has recently heated up the discussion again. In a post, the founders of Tesla and SpaceX called e-commerce giant Amazon “a monopoly” and called for destroying the brainchild of Jeff Bezos.
Read: Financial Calculator: How long do CEOs of Amazon and Facebook earn your annual income
Support payment journal