UBER & NBIS: Dallas Robotaxi Launch Marks Major Breakthrough for Avride
$Uber(UBER)$ and $NEBIUS(NBIS)$ Avride launching robotaxis in Dallas is a bigger deal than most think 🟢
- NBIS Avride becomes only the 3rd company in the US behind $Alphabet(GOOGL)$ and $Tesla Motors(TSLA)$ offering paid robotaxi trips. This puts them in the same league as these trillion-dollar companies, despite being a small start-up.
- This is also an extremely important symbolic milestone. Today, Avride's valuation in the eyes of potential investors has likely multiplied many times.
- I wouldn't be surprised if Avride does a large raise in the next few months at a valuation significantly higher than the last $375M raise in October.
- This fundamentally DE-RISKS the company.
- Avride is no longer a theoretical, it's a tier 1 AI robotaxi company.
- NBIS is no longer a "risky GPU rental company". It is a full-service AI Infrastructure and Services company that combines GPU rental + AI Cloud + AI Training + AI Inference and AI Deployment.
- Guess whose AI Cloud Avride is using? Of course, NBIS. This is synergetic and helps NBIS develop better AI training and inference software that it can then use for other AI startups.
- This validates $NBIS AI infrastructure and is a powerful marketing message for all potential NBIS AI clients.
"If our AI Cloud is perfect to develop self-driving robotaxis that a company like $UBER puts on their app for millions of passengers, it's perfect for your AI needs."
- With this move, Avride transforms from a liability on the $NBIS balance sheet that uses capital, into an asset that $NBIS can use to support its core AI infrastructure business.
- The collection of data from paid real robotaxi trips is extremely important to improve the autonomous driving AI. When Tesla launched the Robotaxi service in June, many bulls expected that they would have more vehicles operating than Waymo by the end of the year. That hasn't happened. Waymo has over 2,500 robotaxis, compared to Tesla's 200. Highway FSD miles are not the same as paid actual robotaxi miles. Avride will use these inputs to rapidly improve its AI and scale to more cities.
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