Here's why I Find Uber's Involvement in the Robo-Taxi Boom Exciting!
The ridesharing market is growing, and there are increasing use cases. This leads to a higher density of vehicles, which is very positive for Uber in the long run.
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Uber should be seen as a partner rather than a victim of autonomous vehicles. The company is already collaborating with Waymo, a subsidiary of Alphabet, in Atlanta and Austin, and could potentially partner with Uber in other cities. The Uber app is also available on over 171 million smartphones, and its business segments, which include food delivery and advertising, are well diversified beyond just providing rides. Autonomous driving is the future of ridesharing. The global market for self-driving taxis, currently valued at around $1 billion, could...
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