• Venture capitalists are throwing billions at the future of cars

    7 monthes ago - By Fast Company

    Carmakers are very keen on electric cars, even if they're not making money yet and may not make money in the near future.
    In the future, we're told, artificially intelligent electric cars will drive us around smart cities like little packages on a conveyor belt from one destination to the next. In the third quarter, venture capitalists dropped $1.9 billion into auto tech companies to bring that vision to fruition, according to a quarterly MoneyTree report from CB Insights and PricewaterhouseCoopers.
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