If you have not had a chance of taking a driverless taxi or robotaxi as it is commonly known, then you may be in for a culture shock when you take one. It's like an invisible driver seating in front of you, keeping his mouth shut and focus exclusively on bringing you from one point to another.
Just like Uber, Grab, Lyft initially, they burnt cash to grab market shares. A 45 mins drive in Wuhan, China costs only less than 12 RMB , slashing the prices of the human taxis by a lot. Already, these drivers are protesting for their rice bowl and I believe if this trend continues, more cities will adopt this technology and these drivers will become jobless.
I will likely nibble some Baidu shares when it retraces today !
Just like Uber, Grab, Lyft initially, they burnt cash to grab market shares. A 45 mins drive in Wuhan, China costs only less than 12 RMB , slashing the prices of the human taxis by a lot. Already, these drivers are protesting for their rice bowl and I believe if this trend continues, more cities will adopt this technology and these drivers will become jobless.
I will likely nibble some Baidu shares when it retraces today !
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