The Business Times
business-time-50

Robotaxis and Grab’s billion-dollar dilemma

Summarise
google-preferred-sourceAdd BT as a preferred source
    • Like Uber, Grab has only recently gotten in the black, reporting its first company-wide profit in the fourth quarter of 2023, after more than a decade of operations.
    • Like Uber, Grab has only recently gotten in the black, reporting its first company-wide profit in the fourth quarter of 2023, after more than a decade of operations. PHOTO: LIANHE ZAOBAO

    Melissa Goh

    Published Tue, Jan 14, 2025 · 10:27 AM

    THE rise of autonomous driving technology puts ride-hailing firms in a dilemma: Adopt the technology now at a high cost for an uncertain payout, or wait and see and risk losing market share.

    The answer is not clear cut.

    Adopting the tech is likely to upset drivers – a core pillar of any ride-hailing platform today. Mobility firms that go slow, on the other hand, risk missing the boat on a disruptive tech.

    robotaxiTech in AsiaGrab

    TRENDING NOW

    Altitude Xperience argued that the rooftop space in contention was not considered an unused space.

    Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass

    Some industry watchers wonder if Orchard Road can hold its own next to competing retail destinations, both global and local.

    What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future

    “I want people to be very proud of Great Eastern as a local champion,” says group CEO Greg Hingston.

    ​Great Eastern goes on the high-net-worth offensive, but don’t call it a pivot

    British PM Keir Starmer says he would support whoever replaces him.

    UK PM Starmer resigns; new leader to be in place by September

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More