Zoox, the robotics company that was acquired by Amazon earlier this year, has revealed the design of its first vehicle, a fully autonomous electric transportation system designed and built in the U.S.
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To keep competitors from poaching Zoox talent, Amazon plans to create at least $100 million in stock awards. Amazon can walk away from the deal if large numbers of Zoox employees turn down job offers.
The firm has reportedly agreed to pay over $1 billion to acquire Zoox. This will give Amazon control of the 1000-person startup; however, Zoox is expected to operate as an independent subsidiary.
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