UBER IN TALKS WITH ITS FOUNDER, TRAVIS KALANICK, TO FUND SELF-DRIVING CAR DEAL

Summary from the TLDR newsletter

Uber is in talks with Travis Kalanick, the company's co-founder, to help fund his acquisition of the US subsidiary of Chinese autonomous vehicle company Pony.ai. Kalanick was forced out of Uber in a boardroom coup eight years ago - after, he founded CloudKitchens, where he will remain if the deal goes through. Pony.ai has permits to operate robot taxis and trucks in the US and China. Kalanick will run Pony.ai if the deal is completed.