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Technology Stocks : Investing in Exponential Growth

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From: Paul H. Christiansen2/26/2018 9:49:23 AM
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Uber’s CEO Predicts the U.S. Will Have Flying Cars Within 10 Years



Flying cars will be zipping across U.S. skies within the coming decade -- at least that’s what Uber Technologies Inc.’s Chief Executive Officer Dara Khosrowshahi predicts.

“There will be people flying around Dallas, Texas,” Khosrowshahi said at the DLD tech conference in Munich, his first public appearance in Europe since taking over the top job at Uber last year. “I think it’s going to happen within the next ten years.”

Uber partnered with NASA last year to develop new traffic concepts that will enable safe and efficient operations of robotic flight systems, and is working with aircraft, infrastructure and real estate partners to operate fixed routes between city hubs. The company’s vision for the network, dubbed “uberAir,” would let customers push a button and get high-speed flight in and around cities, Uber said in November.

Back down on the ground, the Uber CEO cited congested cities as one of the issues his company can help solve, for example by increasing the number of electric vehicles. Fully autonomous taxis are still 10 to 15 years away, however, because of the effort needed to create 3D maps and since sensors are still too expensive, he said.

Read More – Bloomberg
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