Waymo is one of the frontrunners of robtoaxi race, offering the public more than 100,000 rides, according to the company.Jason Henry/AFP via Getty ImagesGM has bowed out of the robotaxi race for now, halting its investment in Cruise.Only a few companies have made significant strides in the autonomous taxi space.Tesla and Waymo are the two frontrunners due to the progress they've made with self-driving.General Motors' white flag in the robotaxi race on Tuesday just made the autonomous ride-sharing competition much smaller in the US, showing how challenging it can be for companies, even with the capital, to compete if they haven't already made significant headway in autonomy.Eight years and more than $10 billion in investment later, GM said that the resource-intensive nature of Cruise and an increasingly competitive market has pushed the company to shift away from its robotaxi dreams.
Similar Stories to The Winner Of The Robotaxi Race Will Come Down To A Few Players. Here's Why. on Bing News
lloydlee@insider.com (Lloyd Lee), Business Insider
Fri, 12/13/2024 - 8:14pm
Topics: jason henry/afp getty imagesgm general motors tesla john murphy chinese baidu's apollo gene munster deepwater asset management that gm tom narayan rbc capital markets miami october alphabet-owned amazon's zoox las vegas san francisco ceo elon musk 000 cybercab full self-driving waymo as gm cruise tesla munster business insider zoox cybercab robotaxi race companies company autonomous vehicles rides provide public data offering services ride-sharing move analyst cities investment service plans significant strides frontrunners wrote shift tech large analysts robotaxis year
BING NEWS:
- The winner of the robotaxi race will come down to a few players. Here's why.
General Motor's bow out of the robotaxi space leaves only two players with serious skin in the game: Tesla and Waymo.
12/13/2024 - 2:21 pm | View Link - Howes: What GM's exit from robotaxi space says about limits in race for AV leadership
Cruise bolting robotaxis shows all sides are finding technical, financial and regulatory demands more difficult and expensive than anticipated.
12/12/2024 - 2:01 pm | View Link - GM Halts Cruise’s Robotaxi Development
In light of such difficult economics, what made robotaxi the dominant go-to-market strategy for autonomous vehicles? To understand the reasons why, let’s consider the history of AVs. The idea of ...
12/11/2024 - 5:23 am | View Link - General Motors ends Cruise robotaxi business in strategic industry exit
General Motors Co. announced today that its Cruise self-driving car unit is exiting the robotaxi business as part of a realignment of the company’s autonomous driving strategy. Under the realignment, ...
12/11/2024 - 4:31 am | View Link - GM Drops Out Of The Robotaxi Race. Who Will Win?
No hands! The long road to the robotaxi revolution has come to an end... for General Motors . The company, which has been developing driverless taxis under its Cruise brand, has p ...
12/10/2024 - 10:23 pm | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more