Uber is building a flying taxi technology center in Paris

Uber has wildly ambitious plans to send flying taxis soaring over cities, but building them will be orders of magnitude harder than anything it has ever done. As such, the company announced that it will open a Paris lab dedicated to its Elevate program called the Advanced Technologies Center in Paris (ATCP). Uber will spend €20 million ($23.4 million) over five years to develop the AI algorithms, air traffic control and other tech necessary for the service. Uber will recruit engineers, AI specialists and computer vision researchers when the center opens this fall. "Initial projects will include: machine learning-based transport demand modeling, high-density low-altitude air traffic management simulations, integration of innovative airspace transport solutions with European aviation regulators such as EASA, and the development of smart grids to support future fleets of electric transport on the ground and in the air," Uber said in a press release.