Intel's self-driving leader on why Uber, Lyft and Tesla are in a robo-taxi race for their lives

  • 📰 CNBC
  • ⏱ Reading Time:
  • 53 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 72%

United States Headlines News

A leading autonomous-driving executive from Mobileye, a company Intel bought for $15 billion, explains why Lyft, Uber, Tesla and any other company seeking a robo-taxi future is in a race to bring down costs by as much as 50%.

If you have to choose a ridesharing executive to listen to on the future of human drivers as robo-taxis rise, take controversial former Uber CEO Travis Kalanick over the current management of both Uber and Lyft, who are careful these days talking about the timeline for AI replacing human and steering wheel, or even suggesting that there may one day not be any role for human drivers.

As Tesla has struggled to find a roadmap to profitability actually making cars, Elon Musk has started talking up his company as a potential $500 billion market winner based on Teslas being turned into robo-taxis by their owners. Musk said his electric-car company should have 1 million vehicles capable of functioning as robo-taxis on the road next year and that owners of the cars should be able to generate tens of thousands of dollars from them annually .

Shashua claims no breakthrough idea in focusing on the economics."You can look at what Uber and Lyft are doing. They clearly state the next phase of their evolution is having robo-taxis. Because they also understand the game-changing effect. It's not that we all of a sudden discovered the game-changing effect."

The second phase will come when the cost of the self-driving system goes down by an order of magnitude ten times to a few thousand dollars. Of course there is going to be a lot more than just cost that puts the self-driving competition to the test.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Hate to be the grammar and spelling guy but this article is wtf...

This is just one small part of a much bigger picture:

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

American Express relaunches Blue Cash Preferred credit card — with cashback for Netflix, Amazon, Lyft and UberCard holders will earn cash back on new categories, including streaming services.
Source: MarketWatch - 🏆 3. / 97 Read more »

Here are the biggest analyst calls of the day: Uber, Lyft, Walmart, Target & moreHere are the biggest calls on Wall Street on Friday Too many companies are going public and ones that will never show a profit BIG PROBLEMS here and this economy has been set up and booming for the last 30 years so to say this is trumps economy is far fetched
Source: CNBC - 🏆 12. / 72 Read more »

15 cities where Uber and Lyft drivers make the most moneyUber and Lyft drivers earn the most monthly revenue in San Francisco, New York City, and San Jose, JPMorgan Chase finds.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Uber and Lyft drivers plan to strike and rally ahead of Uber's IPORideshare drivers are planning to strike and rally again — this time, ahead of Uber's impending IPO Should be for the whole day
Source: CNN - 🏆 4. / 95 Read more »

Uber, Lyft drivers plan to strike ahead of Uber’s IPODrivers are calling for better job security, a livable income and a cap on the ride-hailing companies’ commission. Unfortunately it doesn't matter, they will lose their jobs to automation eventually anyways. This is why we need UBI.
Source: washingtonpost - 🏆 95. / 72 Read more »

Uber and Lyft drivers are planning to strike this week, and it highlights the challenge the 2 ride-hailing giants face as public companiesUber and Lyft are still fighting tooth and nail for market share in the United States. still trying to figure out how much an uber driver actually earns per hour after expenses
Source: BusinessInsider - 🏆 729. / 51 Read more »

Strike by Uber and Lyft drivers Wednesday has potential to disrupt travel for thousandsThe work stoppage could mean longer waits for service and surge pricing — if you can hail a ride at all. Get a real job if you want more money. Uber is not a job, the commercial tells us it's a 'side hustle' 🤣🤣🤣 Then should drive a taxi 😂
Source: washingtonpost - 🏆 95. / 72 Read more »

Uber, Lyft drivers in New York, other cities set to strike for two hours WednesdayDrivers in seven other U.S. cities, as well as London, will participate in the stoppage, aimed at getting more job security and other improvements.
Source: USATODAY - 🏆 100. / 63 Read more »

Uber and Lyft drivers are striking in over a dozen cities around the world on Wednesday. Here's the full list of where demonstrations are planned.Demonstrations by Lyft and Uber drivers are planned in at least 20 cities around the world. Don't like it? don't use it. Stop wasting your own and everyone else's time.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Uber, Lyft drivers plan to strike in more than a dozen major citiesRide-hailing drivers in more than a dozen cities plan to strike on Wednesday ahead of Uber's highly anticipated Wall Street debut. Good stay on strike goodbye 👋🏽 strike all you want, robotaxis will come soon ... 🤖🤖🤖 When you strike, you don't make money.
Source: CNN - 🏆 4. / 95 Read more »