Future Fund LLC‘s managing director, Gary Black, thinks Uber Applied sciences Inc. UBER is finest positioned to learn from the adoption of autonomous driving applied sciences.
Take a look at the present value of UBER inventory right here.
What Occurred: The investor took to X on Tuesday to share his ideas on Uber.
“Uber is finest positioned to learn from the adoption of unsupervised autonomy,” the investor stated in his publish. He additionally added that autonomous driving would profit the corporate by eliminating “the price of the driving force” from Uber’s enterprise mannequin.
The investor additionally stated that the transfer would “enormously increase” Uber’s Complete Addressable Market or TAM.
Why It Issues: Black’s views are in stark distinction to views held by consultants like Gerber Kawasaki‘s co-founder Ross Gerber, who lately stated that Uber could be “eaten alive” by Robotaxis.
Uber had partnered up with Alphabet Inc.’s GOOGL GOOG robotaxi service Waymo to increase its companies in Atlanta.
The corporate additionally lately invested in autonomous driving firm Wayve, which is backed by Japan’s SoftBank Group SFTBF.
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