Close Menu
  • Homepage
  • News
  • Cloud & AI
  • ECommerce
  • Entertainment
  • Finance
  • Opinion
  • Podcast
  • Contact

Subscribe to Updates

Get the latest technology news from TechFinancials News about FinTech, Tech, Business, Telecoms and Connected Life.

What's Hot

8win Joins Forces with Leicester City Football Club in New Global Partnership

2026-01-22

Holiday Retail momentum and Business Travel Growth Drive National Economic Activity, Visa Consulting & Analytics Reports

2026-01-22

Leading Altcoin to Buy for Solana-Powered Banking Digitap ($TAP) Overtakes $1.49 SUI

2026-01-22
Facebook X (Twitter) Instagram
Trending
  • 8win Joins Forces with Leicester City Football Club in New Global Partnership
Facebook X (Twitter) Instagram YouTube LinkedIn WhatsApp RSS
TechFinancials
  • Homepage
  • News
  • Cloud & AI
  • ECommerce
  • Entertainment
  • Finance
  • Opinion
  • Podcast
  • Contact
TechFinancials
Home»News»The winners and losers in the race for driverless cars
News

The winners and losers in the race for driverless cars

Gugu LourieBy Gugu Lourie2016-08-29No Comments6 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

The ridesharing service Uber is pretty close to getting the go-ahead in almost all states and territories in Australia, with Victoria set to follow Queensland in introducing new legislation. By Michael Milford and Jonathan Roberts

In the short term, Uber has committed to creating tens of thousands of new jobs in Australia. Many thousands of jobs have already been created and your typical Uber driver speaks positively of being empowered in a flexible working arrangement.

But we know Uber has other plans. Like almost all large car and technology corporations such as Toyota, Ford and Google, Uber is investing heavily in self-driving technology. It’s already testing its driverless technology in Pittsburgh, in the US. A rival, nuTonomy, has also started trials of driverless taxis at a Singapore business park.

With drivers contributing a large fraction of operating costs, removing them through automation has an enormous commercial motivation.

If companies solve the technological problems and successfully navigate the government policy landscape, millions of transport-related jobs worldwide are at risk, including Uber and taxi drivers, truck drivers, posties and fast food delivery drivers, just to name a few.

This is just one in a stream of events where technology is changing society. Each of these events has an immediate impact on society.

What if we step back from Uber’s short-term aim and examine who are likely to be the big winners and losers in this technological arms race for driverless cars.

Public vs private research

Universities are winners and losers. While the large-scale hiring of researchers from US university Carnegie Mellon to Uber became public in 2015, top researchers, especially young ones, are moving to self-driving car and artificial intelligence (AI) corporates and start-ups.

While in the past universities have performed much of the critical research leading to technological breakthroughs, this is less likely to be true in the age of self-driving cars.

Current autonomous car research is extremely resource intensive. Fleets of development vehicles must be maintained and large teams of engineers must be employed. There are also mind-blowing amounts of data to be stored and processed using massive computer resources.

Some universities have remained connected. For example, Toyota has funded research at the University of Michigan, Stanford and MIT to the tune of almost one hundred million dollars.

But many universities have lost their top talent. A brain drain itself does not have to be a long-term problem, if some of those researchers eventually come back to share their experience or establish collaborative relationships with industry.

However, the stakes are so high and commercially important that meaningful collaboration between corporations and universities is arguably getting rarer in the robotics research area.

It is also a problem if none of the most exciting researchers and teachers are left at universities to educate and inspire the next generation of robotics engineers.

The car culture of the future

If society transitions successfully to an ownerless car culture where cars are summoned upon demand, there are potential huge environmental benefits.

Properly implemented, self-driving cars will drive in a more fuel or energy efficient manner. Networked car fleets will further reduce energy consumption by reducing traffic congestion.

The biggest potential environmental win is simply from having far fewer cars in existence. It is estimated that you can meet a typical city’s current transport needs with a much smaller fleet of shared pool cars compared to the current privately owned car system.

It is not hard to conclude that if there will be far fewer cars in the future then the world may need fewer car manufacturers or that current car companies will make far fewer cars.

It is quite conceivable that a number of today’s large automotive companies will not exist a decade after self-driving fleet cars dominate the roads.

This may be one of the reasons it seems that every major car maker is racing to develop this new technology. It is simply survival of the fittest.

With fewer people needing to learn to drive, there will be less demand for driving instructors.

The trend in developed countries is that fewer young people are learning to drive. Many simply do not see the point in spending time and money learning to drive when they can simply get out their phone and call an Uber.

This trend is especially true in highly urbanised areas, where ride services are most plentiful and where the cost and hassle of owning a car is often highest.

We the consumer

As consumers, we are likely to both win and lose. Potential monopolies are a risk; in the US this isn’t currently a problem due to fierce competition between ride sharing companies such as Uber and rival ride-share operator Lyft.

Uber is currently the dominant ride sharing option in Australia so only time will tell whether real competition will occur.

Improving the safety of car occupants and pedestrians is also a potential big win for consumers, especially if better autonomous driving systems can make a dint in the thousand-plus annual fatalities in Australia and the more than a million deaths annually worldwide. If the technology works, reducing fatalities including those caused by drink driving and fatigue, is fantastic for everyone.

Your transport experience itself may or may not improve. One of the big, less glamorous motivating factors around self-driving cars is that we spend a comparable amount of time in our cars as on the internet. The company that gets significant market share in this space may choose to monetise your driving time with ads (something you already experience in some taxis).

Consumers may be faced with the unenvious choice of paying a hefty no ads premium charge fee, or being deluged by ads that they can’t turn off or mute.

When you first get into an autonomous ride-sharing car, who do you think will be in control? Perhaps Arnold Schwarzenegger’s 1990 movie Total Recall gives us a glimpse of what the future may hold (language warning).

Play

The Conversation

  • Michael Milford, Associate professor, Queensland University of Technology and Jonathan Roberts, Professor in Robotics, Queensland University of Technology
  • This article was originally published on The Conversation. Read the original article.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Gugu Lourie

Related Posts

Cartesian Capital Expands Investor Toolkits With JSE Listings

2026-01-20

Kili Technologies: Unlocking Africa’s Clean Energy Potential With Trusted Data

2026-01-19

Luminance Expands In Africa Amid Demand Surge

2026-01-15

Mpumalanga’s Top Matric Achiever Luyanda Ndlozi Rewarded With Brand New Car

2026-01-14

Say Hello To Haier: Intelligent Appliances Designed For SA’s Future

2026-01-14

Victory For Members: MediCheck Forces Reversal of Discovery Health’s R170 Million “Clawback”

2026-01-12

Volvo Recalls 372 EX30s In South Africa Over Battery Fire Risk

2026-01-09

Wholesale And Retail SETA Funds 50 SA Students To Study E-commerce In China

2026-01-09

OUTsurance To List On A2X Markets

2026-01-07
Leave A Reply Cancel Reply

DON'T MISS
Breaking News

Directing The Dual Workforce In The Age of AI Agents

We will be the last generation to work with all-human workforces. This is not a…

Huawei Says The Next Wave Of Infrastructure Investment Must Include People, Not Only Platforms

2026-01-21

South Africa: Best Starting Point In Years, With 3 Clear Priorities Ahead

2026-01-12

How SA’s Largest Wholesale Network is Paving the Way for a Connected, Agile Future

2025-12-02
Stay In Touch
  • Facebook
  • Twitter
  • YouTube
  • LinkedIn
OUR PICKS

Mettus Launches Splendi App To Help Young South Africans Manage Their Credit Health

2026-01-22

The EX60: A Volvo That Talks Back

2026-01-20

Over R270M In Phuthuma Nathi Dividends Remain Unclaimed

2025-11-27

Africa’s Next Voice Revolution, When 5G Meets AI

2025-11-21

Subscribe to Updates

Get the latest tech news from TechFinancials about telecoms, fintech and connected life.

About Us

TechFinancials delivers in-depth analysis of tech, digital revolution, fintech, e-commerce, digital banking and breaking tech news.

Facebook X (Twitter) Instagram YouTube LinkedIn WhatsApp Reddit RSS
Our Picks

8win Joins Forces with Leicester City Football Club in New Global Partnership

2026-01-22

Holiday Retail momentum and Business Travel Growth Drive National Economic Activity, Visa Consulting & Analytics Reports

2026-01-22

Leading Altcoin to Buy for Solana-Powered Banking Digitap ($TAP) Overtakes $1.49 SUI

2026-01-22
Recent Posts
  • 8win Joins Forces with Leicester City Football Club in New Global Partnership
  • Holiday Retail momentum and Business Travel Growth Drive National Economic Activity, Visa Consulting & Analytics Reports
  • Leading Altcoin to Buy for Solana-Powered Banking Digitap ($TAP) Overtakes $1.49 SUI
  • Digitap ($TAP) vs. $1.89 XRP: Why this Crypto Presale is Up 250% and Scaling
  • Solana Price Prediction: Will SOL Reclaim $300 By Years End As Memecoins Look Set To Explode On The SOL Ecosystem
TechFinancials
RSS Facebook X (Twitter) LinkedIn YouTube WhatsApp
  • Homepage
  • Newsletter
  • Contact
  • Advertise
  • Privacy Policy
  • About
© 2026 TechFinancials. Designed by TFS Media. TechFinancials brings you trusted, around-the-clock news on African tech, crypto, and finance. Our goal is to keep you informed in this fast-moving digital world. Now, the serious part (please read this): Trading is Risky: Buying and selling things like cryptocurrencies and CFDs is very risky. Because of leverage, you can lose your money much faster than you might expect. We Are Not Advisors: We are a news website. We do not provide investment, legal, or financial advice. Our content is for information and education only. Do Your Own Research: Never rely on a single source. Always conduct your own research before making any financial decision. A link to another company is not our stamp of approval. You Are Responsible: Your investments are your own. You could lose some or all of your money. Past performance does not predict future results. In short: We report the news. You make the decisions, and you take the risks. Please be careful.

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.