So basically, Uber and a company called Cruise (which is owned by General Motors) are teaming up. Cruise has some cars that can drive themselves, and Uber wants to offer those cars to people who need a ride. They're going to start testing it next year, so people can take a self-driving Uber car for a spin. It's kind of like having a robot chauffeur drive you around. Pretty cool, huh?
And you know what else is cool? That in a few years, this kind of technology could be really common. Imagine if, when you're running late for school, your mom could just send a self-driving car to pick you up! But for now, we'll just have to be content with the excitement of self-driving Ubers.
Read from source...
yes.
The article is about Uber's new partnership with Cruise, a self-driving car company owned by General Motors. The partnership involves adding some of Cruise's autonomous vehicles to Uber's roster, and it's expected to begin in 2025.
The article also discusses Uber's other autonomous vehicle partnerships, including its multi-year partnership with Waymo, Alphabet's self-driving subsidiary. Uber has also announced a partnership with Chinese electric vehicle maker BYD Company.
According to BofA Securities, the partnership with Cruise adds weight to Uber's ventures into autonomous driving. Meanwhile, Goldman Sachs analysts believe that partnering with existing ride-hailing networks could be a way for autonomous vehicle makers to increase revenue in the short term and minimize the costs of owning or scaling a fleet.
The article concludes by discussing the potential benefits of the partnership for General Motors.
bullish
Overall, this article appears to have a bullish sentiment. It discusses Uber's partnership with Cruise (owned by General Motors) to offer autonomous rides using part of Cruise's 1,200 unit fleet. This deal is seen as positive for both Cruise and General Motors, as it will provide investors additional confidence in the companies' ability to return to commercial operations. Additionally, the article mentions other partnerships and ventures Uber has in the autonomous driving space, such as its deal with Waymo and BYD Company. Finally, the article notes that BofA Securities and Goldman Sachs have both maintained a buy rating on Uber's stock and have set a price target of $88 and $90, respectively.