Taxis in general are a working and proven business model. You could have been skeptical about the way they approached it but surprise surprise, you can make money providing taxi services. Less so with "AI", it's not proven at all that this can be made profitable in the near future.
The failures of past doomsayers are important to keep in mind. It’s hard to say “well, but we know things they didn’t know at the time, but this time that won’t happen.” I will observe, however, that Uber’s revenues come from consumers. Consumers are never going to be willing to spend enough on AI to justify OAI and Anthropic’s spending, even if a single company captured all of their demand. They recognized this and pivoted to software engineering and enterprise customers. These are much more sophisticated buyers than someone trying to catch a cab or get a burrito delivered, and more able to be patient or expend resources to find a better, cheaper provider.
It also bears mentioning that if any particular AI lab manages to survive and succeed in the way Uber has, there will be several multibillion dollar corporate gravestones behind it. In fact, I don’t even think that nobody can be the Uber of AI. I just think it can’t be OAI or Anthropic. The debt is too great and it’s priced under old assumptions.
