Future Fund LLC‘s managing director, Gary Black, thinks Uber Applied sciences Inc. UBER is finest positioned to profit 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 profit from the adoption of unsupervised autonomy,” the investor mentioned in his put up. 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 mentioned that the transfer would “drastically increase” Uber’s Whole Addressable Market or TAM.
Why It Issues: Black’s views are in stark distinction to views held by specialists like Gerber Kawasaki‘s co-founder Ross Gerber, who lately mentioned that Uber can 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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