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Amazon acquires self-driving start-up Zoox for over $1.2 billion

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Amazon is upping its efforts in autonomous driving by acquiring Zoox for over $1.2 billion.

From the Financial Times:

One of the people said Amazon would work with Zoox to create a ride-hailing fleet, pitting the ecommerce group against Waymo, the self-driving industry leader backed by Alphabet.

However, some analysts expect Amazon to focus on integrating autonomous technology into its delivery network.

The Zoox acquisition follows purchases of stakes in electric truckmaker Rivian and self-driving start-up Aurora.

The announcement caught the attention of Elon Musk who called Jeff Bezos a copy cat.

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