Image: Crunchbase
This week, a California regulatory board will vote on whether Alphabet-owned Waymo and GM-owned Cruise can expand their fleets of driverless taxis in San Francisco and establish competing ride-hailing services, each with hundreds of vehicles operating 24 hours a day.
And while the vote only pertains to one city, it marks the start of what’s shaping up to be a state-by-state Super Smash Bros.-style battle royale over whether to allow self-driving cars and trucks on American roads.
👍 Arguments in favor: Cruise and Waymo say their autonomous taxis are significantly safer than the average human-operated vehicle, citing data from each companies’ first 1 million driverless miles. For context, regular human drivers in America are involved in ~3.5 crashes per 1 million miles, including at least one crash that causes an injury.
🙅 Arguments against: Many San Francisco city officials have expressed concerns about the proposed autonomous taxi expansion. They note the number of monthly reported incidents involving the companies’ vehicles increased over 3x between January and April of this year, reaching a frequency “that would preclude any teenager from getting a California Driver’s License.”
📸 Big picture: Beyond San Francisco, Cruise and Waymo are currently operating hundreds of self-driving taxis in Phoenix, and deploying dozens more test vehicles to LA, Miami, Dallas, Austin, and Nashville. Both companies plan to eventually scale up ride-hailing operations in all of those areas, as well as in other major US cities with favorable weather conditions.
📊 Flash poll: As it stands today, would you feel comfortable taking a ride in a self-driving car?
🇺🇸⬇️ This week, credit agency Fitch downgraded the US govt’s perfect AAA rating by one level to an AA+. It’s the first time the US has been downgraded since 2011, and the second such occurrence in over a century.
🚫💡 Under a new federal law that took effect yesterday, US consumers are no longer able to purchase common household incandescent light bulbs from retailers, and must instead opt for LED bulbs.
🇹🇼🇺🇲🇨🇳 On Fri., the US announced plans to provide Taiwan w/ $345M worth of military training and equipment from the Pentagon’s stockpiles, as part of a congressionally approved measure aimed at deterring China from invading Taiwan.
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