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9 days

Uber CEO says making self-driving taxis mainstream will 'take way, way longer'

1. Uber's CEO states driverless cars will take time to implement. 2. Safety and parking issues hinder the widespread use of AVs. 3. Uber partners with Waymo for limited autonomous vehicle deployments. 4. Regulations and high costs are barriers for scaling AV fleets. 5. Khosrowshahi predicts no replacement of human drivers in five years.

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FAQ

Why Neutral?

The cautious stance on autonomous vehicles suggests stability in Uber's operational model rather than immediate growth.

How important is it?

Understanding the shifts towards driverless technology is crucial for long-term investor outlook on Uber.

Why Long Term?

Challenges in technology and safety indicate a prolonged timeline for any significant impacts on operations and finances.

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