GM Exits Robotaxi Business Amid Cost Pressures

General Motors has officially exited the robotaxi race by shutting down its Cruise division after investing over $10 billion, citing intense competition and high capital demands. This decision follows significant setbacks, including regulatory scrutiny and a pedestrian accident that halted operations. In contrast, Waymo continues to push forward with its self-driving technology, while Tesla is set to test its Cybercab robotaxi in California and Texas by 2025, emphasizing a model without steering wheels or pedals. Analysts suggest that the competition among established players like GM, Waymo, and Tesla highlights the challenges of developing a viable autonomous vehicle market. Despite the setbacks faced by GM and Cruise, the global robotaxi market is projected to grow substantially, indicating ongoing interest and investment in this technology. Meanwhile, Wayve is also developing a radar and camera-based autonomous driving system aiming for a human-like driving experience.