Self-driving cars won’t take over the roads anytime soon, the chief scientist of Uber's autonomous vehicle unit says at a Reuters Newsmaker event
NEW YORK - Uber Technologies Inc expects it will be a long time before one of its biggest investments, self-driving cars, is ready for wide-scale deployment, a senior scientist said on Monday, as the ride-sharing firm gears up to go public.
Urtasun’s comments fall in line with the rest of the self-driving industry, which after much hype and bold promises has tempered expectations and pushed out timelines for deployment. The extreme technical challenges of building cars that can predict human behavior and respond appropriately proved greater than even some of the industry’s brightest minds had anticipated.
“It is true that when you go to an IPO, there is much more of a look into your finances,” said Urtasun. “That being said, again because Uber understands that self-driving cars at scale is not something that’s going to happen tomorrow, they understand the need for the science.” The business of building self-driving cars is extraordinarily expensive and the timeframe to payoff is increasingly uncertain. However, some consider Uber’s ability to successfully navigate the transition to autonomous vehicles as crucial to the company’s long-term financial prospects.
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