Lyft

The autonomous vehicle cash grab

Illustration of blue car on top of a tall stack of greenbacks
Illustration: Sarah Grillo/Axios

Billions of dollars are flowing into autonomous vehicle development from all corners of the auto and tech industries, with no clear path to success for anyone.

Why it matters: Self-driving technology is not a first-mover, winner-take-all contest. Technology advancements matter, but companies will need to carve out a profitable business model that capitalizes on their strengths — and stop investing in races they can't win.

The side effects of the transportation revolution

Illustrated collage of a man hailing a cab, a share bike and an e-scooter
Illustration: Aïda Amer/Axios

One of the unintended consequences of the transportation revolution Silicon Valley is unleashing on city streets is a macabre new array of traffic jams, injuries and even deaths.

The big picture: Cities have been built for personal cars for a century, and they are unprepared to manage the new modes of transportation that are rapidly gaining popularity.