Verizon thinks it can be a serious player in self-driving cars

Verizon has long had a strong interest in connected cars, and it's no surprise as to why: it stands to make a lot of money if your ride is constantly transmitting drive data or streaming music. It would only make sense that the telecom wants in on self-driving cars, then. To that end, Verizon's venture wing has invested in Renovo, an automotive startup that has lately turned its attention to creating a platform that would help manage a whole fleet of autonomous vehicles. Renovo wouldn't be taking Tesla head-on with this tech -- it would be focused more on ridesharing and other services where driverless cars would need to work in harmony.

Via: UPI

Source: Wall Street Journal

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