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Technology Stocks : Investing in Exponential Growth

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From: Paul H. Christiansen8/18/2016 10:51:33 PM
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Uber to Put 100 Autonomous Volvo SUVs on Road in Pittsburgh



Uber Technologies Inc. will begin using self-driving taxis to ferry customers around Pittsburgh as soon as this month, a first for the industry in a race among automobile and technology companies to make driverless cars commercially available.

Uber’s service, using specially-equipped Volvo XC90 sport-utility vehicles and Ford Focus, would appear to be the first time that commuters could hail a ride in a driverless car. But while the effort signals a breakthrough in commercialization of the technology, it won’t be a brave new world of robot cars: Two Uber employees will be sitting in the front seat of each vehicle.

One Uber employee will be in the driver’s seat with hands on the steering wheel as an emergency backup, another observing from the passenger seat, the company said. Uber will only make a few cars available to start—with the eventual goal of having 100 in Pittsburgh and possibly elsewhere in the coming months—and they will only go limited distances within the city.

wsj.com
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