Saturday, 23 June, 2018

Uber to Renew Push to Expand in Japan With Taxi Partnerships

Uber CEO Dara Khosrowshahi ride-hailing firms Uber Japan services taxi services Ola transportation service Soft Bank Uber investment Asian taxi market After Japan Khosrowshahi is scheduled to visit India where Uber is competing against local ride-hailing startup Ola
Nellie Chapman | 20 February, 2018, 18:18

Sony wants to develop a ride-hailing app powered by artificial intelligence and provide a payment service.

A blog post has been released by the company, which writes about the recently announced move that it is not yet cleared that how will their service be integrated in the form of transport model now existing since it has launched in the transport industry three years ago. For the time being, the platform that Sony is developing is focused on the Japanese market only. Taxi operators beyond the initial group will also be able to join the platform, it said. As a result, ride hailing firms can only offer services that link users with existing taxi fleets via mobile.

While this kind of information and predictions can already be achieved by simple data and number crunching, AI could enhance these forecasts and therefore increase efficiency, while reducing the operational cost of the venture.

Asked about SoftBank, which in January became Uber's biggest investor, Khosrowshahi said the Japanese telecoms and investment company is "simply the smartest money in the transportation space".

Sony's administration will go up against another AI-based ride-hailing administration made by application engineer JapanTaxi and Toyota, which declared an association not long ago. He explained that the move would also help Sony to sell entertainment systems, one of the company's core competencies, for self-driving cars in the future.

Japan somewhat surprisingly trails other developed nations when it comes to ride-hailing services.

Hours later, Uber's CEO Dara Khosrowshahi signaled his company's intention to expand further into the country. "But that product hasn't kept up with technological change".

The Uber CEO also said that he hopes to expand businesses aggressively under tie-ups with SoftBank Group Corp., which has become the company's largest shareholder after acquiring a roughly 15 percent stake in the USA ride-hailing giant for $9.3 billion last month.