Amazon is acquiring self-driving car startup Zoox in a deal estimated to be worth over $1 billion. The deal will give Amazon control of the nearly 1,000-person startup that has been developing an electric self-driving vehicle. Rumors of the acquisition first emerged last month, when it was reported that Amazon would acquire Zoox for less than the $3.2 billion it was valued at back in July 2018…

This will not be the first investment Amazon has made in self-driving car technology. Last year the eCommerce giant took part in a funding round for Aurora Innovation, an autonomous tech startup helmed by the former head of Google’s self-driving car project. Amazon has also invested in electric vehicle startup Rivian.
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