Uber Is Said to Near Sale of $1 Billion Self-Driving Stake

The transcript discusses the valuation of the autonomous vehicle (AV) stake, highlighting Softbank's involvement and its strategic interest in Uber, especially with the upcoming IPO. It also touches on Uber's significant cash burn, primarily due to its focus on autonomous driving technology. Additionally, Softbank's investment in Cruise, valued at $15 billion, is mentioned, showcasing its broader interest in the AV sector.

What is the significance of the upcoming IPO for Uber as mentioned in the text?

What role does Cruise play in the context of autonomous driving investments?