Uber sells self-driving unit in deal that will push Aurora’s valuation to $10B

Re:Uber sells self-driving unit in deal that will push Auror... by ghaff on Monday December 07, 2020 @06:37PM (#25339314)

My assumption would be both. Taxi companies have way lower cost structures. They certainly don't employ lots of software engineers. And there's no reason to think that Uber should be significantly cheaper than a taxi ride. Scale buys you something but probably not a lot. (And scale has some costs too.)

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Re:Uber sells self-driving unit in deal that will push Auror... by pishpash on Monday December 07, 2020 @07:14PM (#25339661)

You underestimate what you can extract from making the market larger and more efficient, which taxis could never do. Why don't people barter instead of paying huge sums to Wall Street to intermediate?

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Re:Uber sells self-driving unit in deal that will push Auror... by JMTQp8lwXL on Monday December 07, 2020 @07:17PM (#25339685)

Bartering in this problem space is hard. Let me call up 5 of my closest friends in my city, to see if they want to leave their home, drive me from Point A to Point B, then go home, right now.

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Re:Uber sells self-driving unit in deal that will push Auror... by ghaff on Monday December 07, 2020 @08:08PM (#25340230)

In part, because, on an individual basis, Wall Street's skim is tiny. It's only big in aggregate.

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