In at least two places, Uber has pushed a policy that could give it an advantage over developers of self-driving cars. The company says it's fighting monopolies.
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There's actually been startling progress in reinventing the fundamental nature of the car itself — something the industry calls the 'software-defined vehicle,' controlled by just a handful of powerful computers instead of dozens or even hundreds of independent electronic control units, or ECUs. Xinzhou says that moment is basically here.
Nilay Patel — Decoder with Nilay Patel
Basically, your IPO is a branding event. once in a lifetime branding event. All people care about was that it was up. That gets enormous news. And essentially JP Morgan and Goldman Sachs are now really not bankers, they're engineers. And that is they engineer scarcity and manufacturer scarcity such that these things get 20%.
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The winner could dominate the future just as Apple's iPhone ruled the consumer market for the last 20 years.
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