Google To Take On Uber

Feb 03, 2015

Despite being on of Uber's biggest investors, Google is reportedly preparing to launch its own ride-hailing service, according to Bloomberg. Google's investment arm originally shelled out $258 million in support of Uber-putting in more money during the company's second round of fundraising. Now, though, the search giant is said to be launching its own ride-hailing service in conjunction with its driverless car project.

According to Bloomberg, David Drummond, chief legal officer and senior vice president of corporate development at Google, has informed Uber's board of directors of this possible conflict of interest. A ride-sharing app is reportedly already in use among Google employees.

Meanwhile, TechCrunch reported that Uber is in talks with Carnegie Mellon to build a research lab to "kickstart autonomous taxi fleet development." In other words, Uber wants in on the driverless car business.