Self-Driving Taxi Hits Streets Of Singapore

Now, here in Singapore, you can in fact hop into a driverless taxi and go for a ride. And it’s even free.

But hold your horses, it’s still only a trial. It does, though, take things a  bit further than what we’ve seen from the big carmakers, Google or transportation network company giant Uber.

BBC article here

Keywords

Asian operators   autonomous vehicles   driverless cars   self-driving vehicles   taxis   

 

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Uber Loses $1.2 Billion In First Half Of 2016

The transportation network company giant Uber Technologies Inc. is not a public company, but every three months, dozens of shareholders get on a conference call to hear the latest details on its business performance from its head of finance, Gautam Gupta.

On Friday, Gupta told investors Uber’s losses mounted in the second quarter. Even in the U.S., where Uber had turned a profit during its first quarter, the company was once again losing money.

“You won’t find too many technology companies that could lose this much money, this quickly,” said Aswath Damodaran, a business professor at New York University who has written skeptically of Uber’s astronomical valuation on his blog. “For a private business to raise as much capital as Uber has been able to is unprecedented.”

Bloomberg News article here

Related: Analysis: Driver Fees Fuel Massive Uber Losses

Keywords

capital   finance   investment   revenues   TNCs   Uber   

 

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