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They can't do that in just about every major city in the world, which is where they'd have to not only compete, but win in order to justify their valuation. Ri
by exogeny 9y ago
They can't do that in just about every major city in the world, which is where they'd have to not only compete, but win in order to justify their valuation.
Right now in NYC they're roughly equal with taxis during non-surge hours, and they can only do that by subsidizing about half of the cost.
That is not a recipe for success.
- xbmcuser 9y agoUber and Lyft like services will need to survive for the next 10 years then buy or lease Ai cars and bank in larger portion of the revenue. But for that they will need huge investment rounds and no competition from car manufacturers or large pocket companies like Google or Apple. That could buy and put in a few million ai cars on the road with the amount of cash they are holding.