Re:Uber Turns to Saudi Arabia for $3.5B Cash Infusion
by aetherson on Thursday June 02, 2016 @12:25AM
(#11820356)
Just to be clear:
If you spend $1B on actual physical vehicles or whatever (let's say... 500 $2M vehicles), then if you have 200 employees with an average pay of say $500k per year, then you could pay them all for a decade with another $1B, meaning that you'd have spent less than 1/6th of the funding they've taken to date, or still have $1.5B left of the Saudi Royal Family's hard earned money.
More briefly: no, obviously they are not spending their money on an autonomous driving program.
If you spend $1B on actual physical vehicles or whatever (let's say... 500 $2M vehicles), then if you have 200 employees with an average pay of say $500k per year, then you could pay them all for a decade with another $1B, meaning that you'd have spent less than 1/6th of the funding they've taken to date, or still have $1.5B left of the Saudi Royal Family's hard earned money.
More briefly: no, obviously they are not spending their money on an autonomous driving program.