Autonomous taxis will become a $2 trillion market, UBS says

 1A069660-DEAA-445D-815F-7922EB76B7A5

The global autonomous taxi market could be worth over $2 trillion on an annual basis by 2030, according to estimates from UBS analysts cited by Bloomberg.

In formulating its estimates, the bank utilized its Evidence Lab to run a simulation of an autonomous taxi fleet in New York City using a “complex algorithm that performs dynamic optimal route generation and passenger-vehicle assignment considering vehicle capacity and rider demand.”

What does this mean: The rise of a new multi-trillion dollar transportation industry will likely reshape how consumers travel and automakers operate.

Continue reading… “Autonomous taxis will become a $2 trillion market, UBS says”

UBS digitally clones it’s chief economist so he wouldn’t miss his meetings

Swiss Bank UBS Agrees To Turn Over 4,000 Plus Account Names

UBS Chief Economist Daniel Kalt is in very high demand. So, the Swiss investment bank decided to clone him, digitally at least. Now through a rendering captured by more than 120 high-definition cameras in over a full day of shooting, the company can have Kalt (or at least his likeness) meet with multiple clients at a time via interactive video chat, without ever even stepping foot in the conference room.

Continue reading… “UBS digitally clones it’s chief economist so he wouldn’t miss his meetings”