Waymo has made a lot of progress with self-driving cabs. It completes more than 150,000 driverless rides a week. Tesla hosted a Robotaxi Day to update investors on its plans and t

GM just walked away from its robotaxi dream, bailing on its Cruise business as the price tag became too much to stomach. Between the lines: GM can't afford — the cost or the distraction — to work on a moonshot when its core business needs fixing.

The automaker said it will combine Cruise, of which GM is majority owner, and GM technical teams into a single effort to advance autonomous and assisted driving in personal cars. As a result, GM said it will no longer fund Cruise’s robotaxi development ...

General Motors said Tuesday it will no longer fund the development of a commercial robotaxi business and will instead absorb its self-driving car

In light of such difficult economics, what made robotaxi the dominant go-to-market strategy for autonomous vehicles? To understand the reasons why, let’s consider the history of AVs. The idea of autonomous vehicles has been around for decades.