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If you didn't catch ARK's #BIS2022 summit yesterday, here's some highlights from my latest autonomous technology research:
In our original work, we estimated that an autonomous ride-hail service could be priced as low as $0.25 per mile for consumers, while still leaving room for operator profits.
Now, we estimate that there should be substantial demand at higher price points. Note that today's ride-hail services average $2/mile in western markets, higher than consumer's perceived value of time AND higher than the marginal cost to drive your own car.
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