A leading autonomous-driving executive from Mobileye, a company Intel bought for $15 billion, explains why Lyft, Uber, Tesla and any other company seeking a robo-taxi future is in a race to bring down costs by as much as 50%.
If you have to choose a ridesharing executive to listen to on the future of human drivers as robo-taxis rise, take controversial former Uber CEO Travis Kalanick over the current management of both Uber and Lyft, who are careful these days talking about the timeline for AI replacing human and steering wheel, or even suggesting that there may one day not be any role for human drivers.
As Tesla has struggled to find a roadmap to profitability actually making cars, Elon Musk has started talking up his company as a potential $500 billion market winner based on Teslas being turned into robo-taxis by their owners. Musk said his electric-car company should have 1 million vehicles capable of functioning as robo-taxis on the road next year and that owners of the cars should be able to generate tens of thousands of dollars from them annually .
Shashua claims no breakthrough idea in focusing on the economics."You can look at what Uber and Lyft are doing. They clearly state the next phase of their evolution is having robo-taxis. Because they also understand the game-changing effect. It's not that we all of a sudden discovered the game-changing effect."
The second phase will come when the cost of the self-driving system goes down by an order of magnitude ten times to a few thousand dollars. Of course there is going to be a lot more than just cost that puts the self-driving competition to the test.
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