Self-driving cars won’t take over the roads anytime soon, the chief scientist of Uber's autonomous vehicle unit says at a Reuters Newsmaker event
NEW YORK - Uber Technologies Inc expects it will be a long time before one of its biggest investments, self-driving cars, is ready for wide-scale deployment, a senior scientist said on Monday, as the ride-sharing firm gears up to go public.
Urtasun’s comments fall in line with the rest of the self-driving industry, which after much hype and bold promises has tempered expectations and pushed out timelines for deployment. The extreme technical challenges of building cars that can predict human behavior and respond appropriately proved greater than even some of the industry’s brightest minds had anticipated.
“It is true that when you go to an IPO, there is much more of a look into your finances,” said Urtasun. “That being said, again because Uber understands that self-driving cars at scale is not something that’s going to happen tomorrow, they understand the need for the science.” The business of building self-driving cars is extraordinarily expensive and the timeframe to payoff is increasingly uncertain. However, some consider Uber’s ability to successfully navigate the transition to autonomous vehicles as crucial to the company’s long-term financial prospects.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Uber scientist says some time before self-driving cars dominate the roadUber Technologies Inc believes it will take a long time for self-driving cars to...
Consulte Mais informação »
Lyft IPO Should Mark The End Of The 'Uber'- Exuberant Tech Cycle In Silicon ValleyLyft, 'lifted' to a valuation of close to $25 billion when shares started trading on Friday. Today, it's down as much as 20% from the Friday highs.
Consulte Mais informação »
Lyft IPO Should Mark The End Of The 'Uber'- Exuberant Tech Cycle In Silicon ValleyLyft, 'lifted' to a valuation of close to $25 billion when shares started trading on Friday. Today, it's down as much as 20% from the Friday highs.
Consulte Mais informação »
Lyft falls further from IPO after receiving first 'sell' ratingLyft Inc's stock sank further below its IPO price on Tuesday after receivin...
Consulte Mais informação »
Pinterest enters IPO market on a roll, even with Lyft's pullbackLyft's rocky debut has been an exception to the hot IPO market so far this year.
Consulte Mais informação »
Cramer Remix: Why the decline in cloud stocks and Lyft's move higher go hand in handJim Cramer discusses what the drop in cloud stocks signals for the IPO market.
Consulte Mais informação »
Cramer: Tradeweb isn't cheap after its IPO, but it's worth buying slowlyJim Cramer breaks down Tradeweb's IPO and explains why the stock could be worth buying.
Consulte Mais informação »
Carl Icahn sold Lyft stake ahead of IPOLongtime activist investor Carl Icahn sold his stake in Lyft prior to its initial public offering last week, according to sources familiar.
Consulte Mais informação »
Lyft sinks 12%, falls below IPO priceLyft's market debut offers something of a gut check for Uber, Slack and Pinterest.
Consulte Mais informação »
Lyft short-sellers are in ‘overdrive’ after IPOIn just a few days since the ride-hailing company’s long-awaited initial public offering, Lyft shares have become the second-largest short in the U.S....
Consulte Mais informação »