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Most ride-hailing companies that invested in self-driving cars are giving up on these projects. Most of these startups struggle to sustain their business.
by _____bee 5y ago
Most ride-hailing companies that invested in self-driving cars are giving up on these projects. Most of these startups struggle to sustain their business.
- alonmower 5y ago*Most ride-hailing companies that needed a narrative ahead of their IPO for why they had a defensible long term moat and leaned heavily on 'self driving' as their answer to that are now getting pressure from investors on why they keep sinking more money into a problem it doesn't seem they'll ever be able to solve
- darkwizard42 5y agoIt truly is the issue of not knowing if it will ever be solved. The uncertainty of progress and uncertainty of a timeline is what really irks investors (who are right to question the investment given it is dragging down the not-quite-profitable main business)
- _____bee 5y agoI wonder what is the general feeling towards startups that take a different approach such https://comma.ai/ https://comma.ai/ and https://wayve.ai/ https://wayve.ai/?. These startups take the approach of building "Android version" of self-driving cars, a technology that can be used as add-on in the existing cars.