Robotaxis may create a bigger problem for cities

Published by
The Street

By James Ochoa Ark Invest (ARKK) – Get Free Report founder and CEO Cathie Wood is set on putting all her chips into new revolutionary technology, but experts just spoke out about potential problems ahead for one of her favorite big bets. A recent joint op-ed in the San Francisco Chronicle by MIT professor Carlo Ratti and data scientist John Rossant warned that robotaxis will only make traffic worse in major cities in the United States. Related: There’s no need for new regulation to rein in AI, expert argues Ratti and Rossant compared the advent of the robotaxi to the rise of ride sharing appli…

Read More