00:00It's Benzinga bringing Wall Street to Main Street
00:02Uber shares fell on Monday after the company launched Uber Autonomous Solutions,
00:06a new initiative focused on advancing autonomous vehicle technology, according to Benzinga.
00:11Uber said the program will support commercialization by offering services
00:15across infrastructure, user experience, and fleet operations.
00:19The company aims to reduce cost per mile and accelerate global deployment.
00:23CEO Darkosher Shawi said autonomous technology can improve safety and affordability,
00:28but will take time to commercialize.
00:30Uber is working with Avride, Neuro, Wave, and WeRide to integrate their technologies
00:36and provide comprehensive autonomous solutions.
00:38The company recently committed more than $100 million to build charging infrastructure
00:43and is partnering with charging networks under utilization guarantee agreements.
00:48Shares were down by 4.25% at $70.72 at Monday's close, according to data from Benzinga Pro.
00:55For all things money, visit Benzinga.com.
00:58erexpert in the Autonomous Ovation
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