NuTonomy hopes for 2Q18 launch of paid Singapore self-driving car rides

SAN FRANCISCO (Aug 18): US self-driving car startup NuTonomy hopes to launch a paid, commercial ride service in Singapore as soon as the second quarter of next year, NuTonomy Chief Executive Karl Iagnemma said on Friday.

Ride services companies are expected to be one of the most important markets for self-driving cars, especially in early years of adoption, when the cost of the technology will likely rule out mass adoption.

Several companies including Alphabet Inc's Waymo and Uber Technologies Inc are testing self-driving cars at various locations around the world.

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