Google will soon reveal its driverless cars to give a tough time to Uber
Alphabet Inc. is finally all set to reveal its driverless cars to the masses. The company has now planned to transform its driverless car segment into a standalone entity that will function under the umbrella of Alphabet Inc. in the coming years as stated by Bloomberg. The business model under which the company will operate is hire for use. With a service of this nature, the company now wishes to give a tough time to the ride hailing service, Uber.
According to the search engine giant, the company has already experimented with its cars where they have covered a span of one million miles on the public space. The initial launch of the service is expected in regions like Austin, Texas and San Francisco since majority of the miles were covered in these locations. It is also speculated that the service will initially cater to limited locations like military base, colleges and other similar closed vicinities.
Google at this point of time has made it quite clear that it is eyeing the top position in the transportation segment. The model they are using is simple but will churn out revenues for them in the long run. The company started to test the technology back in FY09 and has chalked out ways to ensure a stable revenue stream. The companies that belong to the tech and automotive world are now trying their best to supersede one another by coming up with self-driven cars. the company at this point of time has a valuation of more than $50 billion.
It now seems that GOOG has locked its target and it devoted to give a tough time to Uber in the industry. Uber similar to Google is trying its best to make a mark in the automotive industry and has been striving hard to interlink its autonomous cars technology and taxi business. So once both the companies succeed in doing so, there will be cut throat competition.
According to a poll conducted by Gartner Inc. almost one third of in the individuals in the United States are actually quite keen to get their hands on an autonomous car. However, they are still not sure if a driver can be replaced by a machine.
Back in August, the company has completely transformed its mechanism since it made Alphabet as its parent company. A bunch of the company’s business segment like Google Inc, Google Robotics Division, and Google Ventures will be now changed into standalone companies which will now function on its own under Alphabet.
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