Recently, Uber Technologies Inc. $UBER announced an offering of convertible bonds worth $1 billion. These securities can be exchanged for shares of Aurora Innovation Inc. $AUR, a company focused on developing autonomous truck technologies. This move opens up intriguing opportunities in the investment landscape and highlights Uber's strategic approach to expanding its portfolio.
Volvo AB $VOLV-B.ST, a renowned leader in the automotive industry, is taking decisive steps towards integrating autonomous technology into its trucks. Through collaboration with Canadian startup Waabi Innovation Inc., Volvo aims to harness advanced artificial intelligence solutions to create safer and more efficient vehicles.