Technology content trusted in North America and globally since 1999
8,258 Reviews & Articles | 62,662 News Posts

Uber spends $500 million to make pickups and drop-offs more efficient

Uber invests $500 million into its global mapping project, which will improve pickups and drop-offs
By: Anthony Garreffa | Business, Financial & Legal News | Posted: Aug 1, 2016 10:32 am

Uber is continuing its path towards world domination of the ride sharing world, with the Financial Times reporting that Uber is investing a huge $500 million into its global mapping project.




What is Uber's global mapping project exactly? It will provide a huge amount of ridesharing-specific geographic details, so we should see a worldwide mapping initiative that will take countless cars on every street in the world. The deal includes high-res mapping data from DigitalGlobe, that could be expensive for Uber to use in the long run.


Related Tags

Got an opinion on this news? Post a comment below!