Autonomous Vehicle News
Ark Invest just released its "Big Ideas 2023" report, and it made a blockbuster call on the autonomous ride-hailing industry. It says that by 2027, the sector could amass a $14 trillion enterprise value based on $4 trillion in annual revenue. Ark is betting that self-driving vehicles will reduce the cost of mobility by a whopping 88% compared to human-driven ride-hailing services. Consider Uber Freight, which serves as a digital marketplace for the logistics industry. Uber Freight has more than 200,000 users on the platform with $17 billion in freight under management, but it has a long runway for growth.