"Recliner" wrote in message
...
tim... wrote:

"Recliner" wrote in message
...
On Fri, 23 Sep 2016 11:01:31 +0100, "tim..."
wrote:



I know

but they can afford one city as a trial on the basis of their current
funding

but scaling it up to 10,000 cities just isn't going to be cheap, and I
defy
them to find the funding for such.

They won't be rolling driverless cabs worldwide in one go.

That's my point

if, once proven, they don't roll out in London/Paris/Rome/loads of other
places at the same time, someone else will

The resident of London, Paris, Rome and loads of other places are not
going
to sit back and wait for Uber to reach them with the benefits of
driverless
cars, they are going to expect it to arrive today. And there *will* be a
PV
prepared to fund that.

It'll
happen in stages, and I wouldn't expect large, complex cities to be
among the first to get them. And Uber isn't exactly facing a cash flow
crisis: it has around $4bn in the bank. That will pay for mapping
quite a few cities.

But it won't pay for the capital costs of the taxi fleets for 10,000
cities

It will pay for one (100,000 cabs at 40K each - 100,000 is half the
number
of taxis in London, and I very much doubt that first generation
autonomous
cars will cost under 40K).

Why do you think Uber will buy its self-driving cabs for cash? That's not
how most business vehicles are bought.

Someone still has to give them all of that credit. Even if the cars are
lease hired and they don't sit directly on the books for Uber, the hirer is
still going to need to be sure of Uber's creditworthiness

The idea that the people doing that will give Uber 100% (or even 50%) of the
worldwide opportunities for autonomous rental cars is just silly

Anyway, here's a recent report of Uber's self-driving tests in Pittsburgh:
http://www.economist.com/news/busine...cars-pitt-stop


"The cars are not truly driverless yet"

so until and unless they are (and I remain sceptical that the industry is
going to get regulatory approve for that any time soon)

It's all words

tim