Uber Technologies Inc. said it will spend more than $150 million in Toronto to support driverless car research.
The five-year investment includes opening an engineering hub in Canada’s biggest city in early 2019 and an expansion of its Advanced Technologies Group, the unit that’s developing much of the company’s autonomous vehicle technology. Last year, Uber began building an artificial intelligence team in Toronto. Including ride-sharing and food delivery businesses, Uber said it will have more than 500 employees in the city in coming years.
The investment, presented by Uber Chief Executive Officer Dara Khosrowshahi, is another vote of confidence in Toronto’s tech scene, which created more jobs than the San Francisco Bay area, Seattle and Washington, combined last year.