$$$

Robotaxi companies face multiple challenges in 2023, including rebuilding public trust after accidents and proving their profitability against conventional ride services. In San Francisco, Cruise's accident and workforce cuts highlighted industry risks, while Waymo expands cautiously. Despite high costs and regulatory hurdles, robotaxis operate in select US and Chinese cities. Europe lags, focusing on mass transit. The industry wrestles with safety transparency and pressure to reduce costs, striving to remain viable amidst rapid technological and competitive landscapes.

Article from TechCrunch by Rita Liao. Losses push China's self-driving upstarts to seek new revenue streams.

Ford shut down Argo, their autonomous vehicle division. They took a $2.7B impairment on their Argo stake, resulting in a quarterly loss.