Uber Destroyed The Taxi Market And They’re Next Investment Has The Internet Predicting The Next One
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These self-driving cars are programmed to move fast and break things
Uber has announced plans to invest $1.25 billion dollars in electric EV vehicle manufacturer, Rivian, in order to build a “robotaxi fleet” once again proving that in the tech world, humans are a bug, not a feature.
By 2031 Uber says they’ll have 50,000 autonomous R2 vehicles (exclusive to Uber) in 25 cities across North America and Europe, or putting it another way, that’s 50,000 drivers out of work.
Bear in mind that Uber already carved up the taxi industry, pushed everyone to follow the gig economy model then refused to put the pieces back together when it began unsustainable. Well, now they’re going to do the same thing, just this time with their own market and who cares if an entire industry gets broken along the way.
The irony is palpable. It’s kind of like Netflix being a DVD rental service then being the very company that kills the DVD.
But it does make sense, like Facebook, 23 And Me and Pokémon Go before them, Uber looks to be one of those bait and switch data harvesting schemes. I mean, they’ve spent years grabbing data on traffic, shortcuts, and routes from its drivers. Now they’ve got everything they need, it’s time to reveal the real plan: FULL MECHANISATION! AHHHHH!!
Uber? More like, screw people over! hahaha
Anyway, here’s a breakdown of the deal:
- A bulk buy of 10,000 autonomous R2 EVs.
- The option to buy 40,000 more beginning in 2030.
- An initial $300 million investment in Rivian, pending regulatory approval.
- Up to $1.25 billion investment committed through to 2032, subject to performance milestones.
Uber’s stock remained flat from the announcement for some reason but Rivian got a massive 10% bump. That’s almost one tenth of a hundred. Huge.
So yeah, we’ll see what happens next. But it could easily be that Uber ushers in the next era of autonomous vehicles just like they brought about the current era of taxi-ness.
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