Date
20 August 2017
Google is reported to be developing its own ride-hailing service possibly in conjunction with its driverless car project. Photo: Bloomberg
Google is reported to be developing its own ride-hailing service possibly in conjunction with its driverless car project. Photo: Bloomberg

Google said to be developing new Uber competitor

Google Inc., one of the largest investors in Uber, is developing its own ride-hailing service, most likely in conjunction with its driverless car project, according to Bloomberg News.

A Google representative has informed Uber’s board of the plans and Uber executives have seen screenshots of a ride-sharing app that is currently being used by Google employees, the report said.

Google Ventures, the Internet search giant’s venture capital arm, invested US$258 million in Uber in August 2013, and also poured more money in another funding round less than a year later.

Due to the investments, David Drummond, Google’s chief legal officer and senior vice president of corporate development, was given a seat on Uber’s board.

Now Uber is said to be weighing whether to ask Drummond to give up the board position as there are signs that Google and Uber are more likely to be ferocious competitors than allies, the report said.

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RC

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