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17-Nov-2017 07:05

When Uber X came into the market in 2014, “it was almost unfathomable to even think that a non-licensed provider” could operate in Philadelphia, said Everett Abitbol, owner of the Freedom cab-dispatching service.Freedom and PHL Taxi will combine their dispatching and management services with the region’s biggest cab-dispatching and management company, 215-GET-A-CAB, owned by Alex Friedman and his family.What the industry could have done was invest in technology to match Uber’s and Lyft’s, but by then, “our industry was facing a liquidity crisis. Six months later, with Uber X in the market, they had fallen to 0,000 and were running at about ,000 by last summer.

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“It has already invigorated our driver base for them to see we’re putting money in,” Abitbol said.

unveiled license-plate-sized hardware Tuesday that harnesses the equivalent of 100 servers in a data center, which it hopes to use to advance self-driving taxis. Currently the global ride-hailing market is about billion, with the overall global taxi market topping 8 billion, according to a Goldman Sachs estimate.

The hardware, dubbed Nvidia Drive PX Pegasus, specifically targets the self-driving taxi industry, where private firms such as Uber Technologies Inc. By 2030, Goldman predicts the global ride-hailing industry will grow to 5 billion.

The Drive PX platform currently boasts 225 partners, more than 25 of which are working on self-driving taxis.

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Other tech titans, such as the Waymo unit of Alphabet Inc.Pegasus marks a ten-fold improvement over its predecessor and will tackle what’s known in industry jargon as “level five” vehicles — those that are entirely autonomous and do not have steering wheels, pedals or mirrors, Nvidia senior director of automotive Danny Shapiro said.

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