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Uber to give up on self-driving tech and finds a partner in Aurora instead

Uber said Monday it will sell its self-driving research unit, Advanced Technologies Group (ATG), to Aurora Innovation and will invest $400 million in ATG's Silicon Valley rival.

Why it matters: Uber's decision to abandon self-driving car R&D is an acknowledgement that autonomous vehicle technology is still a long way off, with no certain payoff in sight.

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