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(Reuters– Uber Technologies is about to be released next year and does not intend to sell its self-piling branch, chief executive Dara Khosrowshahi said on Wednesday.
The portage company will not sell its advanced technology group "right now," he told Reuters in an interview after a media event to unveil changes to improve the safety of drivers and runners.
"In the end, it's a big asset that we build and we can monetize it as we wish. It's not something we think at this point, he added.
Uber is "rather optimistic": he could resume testing of autonomous cars later this year after a fatal accident involving an Uber autonomous car in Tempe, Arizona, in March, said Khosrowshahi. Federal regulators are investigating the crash.
Advanced Technologies Group will be "absolutely" part of Uber after the initial public offering, but will also partner with other companies that are developing standalone technology, he added. "We want technology to be ready for prime time as soon as possible," he said.
Last month, Toyota Motor announced that it would invest $ 500 million in Uber to jointly develop autonomous cars. "We are incredibly happy to start with Toyota, but it will not end there," he said.
Reuters reported in July that Uber was being questioned by the US Equal Employment Commission about allegations of gender-based discrimination on issues such as pay.
In August 2017, Uber said it was cooperating with a preliminary investigation by the United States Department of Justice into possible violations of corruption laws. Reuters reported that "in 2017, the Department of Justice had started a criminal investigation into Uber's use of a software tool that had helped its drivers to evade local transportation regulators.
Khosrowshahi said Uber was working with a number of authorities to resolve these investigations, but he did not think the resolution of these probes would be a factor in the timing of the IPO.
Uber is preparing to meet the requirements of "systems" of a publicly traded company, Khosrowshahi said. "The growth rates of a company of our size are second to none. Right now, we are on track for an IPO next year, if market conditions permit. "
Khosrowshahi, who ran the company for a year, said he was not worried if the rival firm Lyft had gone public, as he expected sufficient demand for both companies.
"Historically, there has been a lot of funding for Uber, for Lyft, etc. and we do not think it will change," he said. "It's a huge market that we pursue."
Khosrowshahi unveiled new efforts to keep American drivers and passengers safe by using software to detect unusual events, including accidents.
He said that Uber would use software to report atypical rides and would contact drivers and runners in case of a possible crash of what he calls "Ride Check".
Uber also plans to use sensors on the driver's phone to analyze acceleration data and other factors to detect potential accidents.
Uber will protect runners' information by hiding specific pickup and return addresses in the driver's trip history, the company added.
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