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They're spending an awful lot for control of a market that is expected to disappear within a few years when self driving cars mature.

Of course, they are aware of it and are investing in being a leader in that market - but they're fighting with global giants over there, not the local Taxi outfits.



'Expected to disappear' within a few years?

Go on, name me a year when there will be significant numbers of driverless cars on the road.


Okay, 2030.


Most opinions I've read expect taxis to be the first casualties of driverless cars.

But you know what they say: prediction is hard; especially predictions about the future.


If anything, I could see Uber being one of the first adopters of self-driving cars when they're ready. They're already investing in it heavily, hiring away 40 robotics researchers from CMU to focus on it. [1] They want to corner the market, get everyone using Uber, and then eventually make the change to self-driving vehicles when they're ready.

[1]: http://www.wsj.com/articles/is-uber-a-friend-or-foe-of-carne...




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