Flying in an Uber will cost about as much as an Uber X in a couple of years.
That’s according to a NASA vet-turned Uber executive, who told Cheddar that the airborne vehicle’s effectiveness would drive down its cost.
“These aircrafts are six times more productive, six times faster than a car stuck in traffic on the ground,” Uber Engineering Director of Aviation Mark Moore said Tuesday. “Each one of these vehicles can carry three to four people.”
The company was joined by Bell Helicopter at the Consumer Electronics Show in Vegas to offer a sneak peek of what the electric taxis will look like. This is a part of its Uber Elevate program, which was unveiled last year.
To push the initiative, Uber recently inked a deal with NASA to coordinate air grids. The technology will launch between 2023 and 2025 and will operate in Dubai, Dallas, and Los Angeles.
For full interview [click here](https://cheddar.com/videos/uber-elevate-could-take-to-the-skies-by-2020).
Sens. Elizabeth Warren, Ron Wyden, Ed Markey, and Mazie Hirono sent a letter to top officials at Twitter expressing their concerns over the platform's privacy policy.
The world's largest cryptocurrency exchange Binance and its founder Changpeng Zhao are accused of misusing investor funds, operating as an unregistered exchange and violating a slew of U.S. securities laws in a lawsuit filed by the SEC.
Apple on Monday unveiled a long-rumored headset that will place its users between the virtual and real world, while also testing the technology trendsetter's ability to popularize new-fangled devices after others failed to capture the public's imagination.
Customers of Venmo, PayPal and CashApp should not store their money with these apps for the long term because the funds might not be safe during a crisis, the Consumer Financial Protection Bureau warned on Thursday.
