Read on Twitter
1/ Waymo is on the cusp of making history with a fully commercial robotaxi launch. It must be VERY confident in fully driverless rides to make this push. https://blog.waymo.com/2020/10/waymo-is-opening-its-fully-driverless.html">https://blog.waymo.com/2020/10/w...
2/ In the past 5 years we& #39;ve seen a handful of automakers promise a 2020 launch and fail to come through. Today, many are not even close. https://www.group1nissan.co.za/blog/nissan-news/nissan-promises-to-deliver-autonomous-car-by-2020/">https://www.group1nissan.co.za/blog/niss...
3/ Waymo even pushed back its commercial timeline, which was originally supposed to be last year. A lot of doubt has been cast on the pace of progress.. https://www.nytimes.com/2020/05/12/technology/self-driving-cars-coronavirus.html">https://www.nytimes.com/2020/05/1...
4/ And some could argue rightfully so. No company has pulled it off yet, so why should we believe it& #39;s just around the corner? At ARK, we& #39;ve been saying for years that the pace of AI improvement can happen sooner than you might think. Just ask @jwangARK
5/ While it& #39;s incredibly hard to predict exactly when breakthroughs will happen, the future cash flows off of global robotaxis should still be worth $1-2T today, even if its a year (or two!) late: https://research.ark-invest.com/hubfs/1_Download_Files_ARK-Invest/White_Papers/Big%20Ideas%202020-Final_011020.pdf?hsCtaTracking=78df7914-8393-4b78-b326-7dfb47024083%7C4ade617d-5fc7-4646-b699-84d7ac1213c6">https://research.ark-invest.com/hubfs/1_D...
6/ The first robotaxis likely won& #39;t be autonomous everywhere, all weather, all scenarios, but even a level 4 (some remote human help, a small % of the time) autonomous taxi could still be less than half the cost of driving your personal car.
