Uber has raised $1 billion for its self-driving unit, which is now valued at more than $7 billion

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Uber has raised $1 billion for its self-driving unit, which is now valued at more than $7 billion
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Japan's Softbank fund, Toyota, and DENSO Corporation are investing in Uber's Advanced Technologies Group, the company said Thursday.

has raised $1 billion in fresh capital for its Advanced Technologies Group , which is developing self-driving cars, the company said Thursday.confirming earlier reports that the Japanese investor was interested in a stake

"This investment and our strong partnership with the Toyota Group are a testament to the incredible work of our ATG team to date, and the exciting future ahead for this important project, alongside great partners," CEO Dara Khosrowshahi said in a press release.

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