General Motors has ceased funding for its Cruise self-driving taxi, citing the competitive landscape and the extensive resources required to make such a project successful.
GM's shift away from Cruise highlights the challenges in scaling up autonomous driving technologies, as indicated by similar setbacks from competitors such as Ford and Volkswagen.
With rising competition in the robotaxi market, including from Tesla and Waymo, GM's redirection of strategies indicates a significant pivot in the autonomous vehicle sector.
Mary Barra has previously estimated remarkable revenue potential for Cruise, suggesting potential for $50 billion annually by 2030, though issues concerning safety and viability remain unresolved.
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