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Alphabet Inc. Message Board

  • mickbrown184 mickbrown184 Sep 3, 2013 10:59 AM Flag

    Early Morning Insight: Google Inc

    Google Inc (NASDAQ:GOOG) has planned to make driver-less cars and robot-taxis. The company so far has not announced its plan for making its own vehicles but the news is expected to be announced in year 2018. During these five years Google will make plans, identify the needs of the project and will make sure if the project is safe for them in terms of profit and rating. After the development of Google glass and the acquisition of Motorola, one can see the eager of the company to develop tangible things too. This is probably the plan to be the first mover in making software cars and develop infrastructure for these electric vehicles.

    UBER provides local delivery service and transportation and has a pretty good framework of logistics for routing rides. Looks like the company can hold the command over the demand drop-off of the goods and services if it starts partnership with the local wholesalers and salespersons. In future this can have a positive impact over traffic jams in the major cities and sooner or later people will realize that relying on UBER and going driver-less is less costly and more convenient for them than having their own cars. Although it is a trial run but the service of 2500 driver-less cars would not be enough if the size of taxi fleets in the major cities is considered.

    In terms of efficiency the 250 autonomous vehicles can replace 1000 taxis in some cities. The progress in technology is pretty fast but the regulatory hassle and other formalities requires a lot of time. Once the technology of autonomous vehicles is proven safer than human driven cars, then in states like California driver-less car lanes will be introduced which will avoid accidents and traffic jams. What government’s role is to let users have autonomous cars. Google Inc shares decreased -1.00% to $846.90.

    Can GOOG Move Up Further? If Yes, How far It can Go? Search "HotPennyStockNews" in google

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