Uber is Spending Big Bucks on Autonomous Car Research
It seems like everyone is working on autonomous cars these days. Google, Apple, Mercedes, and even Uber are looking at new ways to take people out of the driver's seat. Uber has even entered a partnership with the University of Arizona to develop the mapping and optics technology that will make autonomous cars possible. The notion of fully autonomous cars traveling the roads is one that makes sense for them to investigate. Their business model involves paying drivers, so removing those drivers could dramatically reduce costs. According to Business Insider, the cost savings could make the service cheaper than taxis and personal cars. RELATED: Blake Griffin's Uber Driver Offered Him Something Uber Weird
This is great news for ride-hailing services, but it is terrible news for automakers. Barclays estimated that autonomous taxi services could cut US auto sales by 40% in the next 25 years. That's a big number that stands to hurt if it turns out to be accurate.
In addition to its project in Arizona, Uber also has a robotics center in Pittsburgh that includes researchers from Carnegie Mellon University. The price for the company may be high now, but the promise for the future is too great to ignore.
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