Wayve-Uber deal is a minimum of 25,000 robotaxis, not the 'up to 25,000' figure reported publicly.

“Our partnership is not up to 25,000. It is over 25,000, or in other words, a minimum of 25,000.”

Alex Kendall correcting public framing of the Wayve-Uber deal size.

“Our partnership is not up to 25,000. It is over 25,000, or in other words, a minimum of 25,000.”

Wayve, an autonomous driving software company, has locked in partnerships with Nissan (2.7M vehicles/year), Volvo (hundreds of trucks by 2027), and Uber (25,000-plus robotaxis), making it a credible challenger to Waymo and Cruise in the AV platform race.

“Nissan announced that they are going to bring this technology, bring our approach to 90% of their vehicles. You know, they build about 3 million cars a year. So, this is That's 2.7 million.”

Approximately 13% of Uber Eats bookings originate from the Uber mobility app, showing cross-platform demand flow.

“About 13% of Eats bookings are actually coming from the mobility business.”

Dara Khosrowshahi on why Uber will stop hiring engineers and instead buy agents and GPUs.

“Maybe 5 years from as the engineers get more and more productive, I may not decide to add engineering headcount because at that point, instead of adding an engineer, I should add agents and buy some more GPUs from Nvidia.”

Wayve plans supervised robotaxi trials in London, Tokyo, and 10 other cities on Uber, starting in 2025.

“Be deployed this year in supervised robo-taxi trials starting in London, Tokyo, and 10 other cities on Uber.”

Dara Khosrowshahi on Uber overpaying for every acquisition it made.

“We never completed a successful deal because we got the company cheap. We actually overpaid for every single great company that we bought, but we overpaid based on what the market thought at the time, not what the reality turned out to be.”

Uber spent its entire annual Anthropic credit allocation in just 4 months, per Uber's COO.

“Uber COO saying that they spent four well all the whole year's anthropic credits in 4 months.”

Jevons paradox explains Uber's scale: radically improving convenience or cutting cost expands total market size far beyond the original addressable market of black cars and taxis.

“To your point on Jevons paradox to some extent, people thought, 'Well, what's the size of the black car market place?' And it was a couple billion dollars. Or what's the size of the taxi industry? And it was more than a couple billion dollars. But what they didn't see at the time was that as you improve the if you radically make something either more convenient or cheaper the market expands beyond how you calculate it. So the Uber size and scale now is way beyond the original marketplace of black cars and or taxis. It's the company The company today is a result of Jevons.”

AVs operating on Uber's network run 30% or more utilization versus AVs off the network, a direct ROI lever for AV fleet operators.

“AVs that are on our network are 30% or more busy than let's say one PVs who aren't using our network.”