Uber's Goal: Replace 1 Million Human Drivers With Robot Drivers ASAP

Related Link: 2 Ways To Play The Strengthening Uber Market

The Volvo will make use of dozens of sensors, cameras, lasers, radar and GPS receivers to fully function as an autonomous vehicle.

"The minute it was clear to us that our friends in Mountain View [i.e Google, Alphabet Inc GOOG GOOGL] were going to be getting in the ride-sharing space, we needed to make sure there is an alternative [self-driving car]," Kalanick told Bloomberg. "Because if there is not, we're not going to have any business." Developing an autonomous vehicle, he adds, "is basically existential for us."

What, Me Worry?

The Washington Post's Steven Pearlstein commented in an op-ed this week that humans shouldn't worry of the coming revolution when jobs, such as Uber drivers, will be fully replaced with robots and autonomous technologies.

According to Pearlstein, the coming robot revolution will create lots of new jobs for people tasked with actually designed the millions upon millions of new robots. In addition, companies will choose to use robots to improve the quality and lower the cost of products, which will also produce higher returns for shareholders and everyday investors.

Naturally, there will be many who may be permanently out of a job thanks to robots. These people need to "have the willingness and wherewithal to find new opportunities, learn new skills, move to new cities," the article concluded.