Amazon reportedly seals $1.2 billion acquisition of self-driving startup Zoox

Amazon will reportedly pay over $1.2 billion to acquire Zoox, one of the many companies working on self-driving technology, according to The Information and The Financial Times. The acquisition would be Amazon's biggest step into self-driving so far, compared to smaller startup investments and internal work it has done to date. A source told The Financial Times that Amazon plans to create a ride-hailing fleet to rival Uber, Waymo and others. However, it could also be interested in developing autonomous tech to bolster its delivery network. If it succeeds, it could have self-driving trucks running 24/7, improving its same-day delivery services but eliminating human jobs in the process.