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00:02Aurora Innovation is operating fully autonomous semi-trucks on major Texas highways and plans
00:08to expand its driverless fleet from 20 trucks to 200 by year-end, according to CNBC.
00:14The company says its autonomous trucks can move freight more efficiently and at lower
00:19cost than human-driven semis.
00:21Morgan Stanley analyst Ravi Shanker estimates autonomous truck fleets could be nearly 7.5
00:27times as profitable as human-driven fleets.
00:29Bank of America estimates Aurora's service could cost about 85 cents per mile, compared
00:35with roughly $1.30 per mile for driver wages and benefits.
00:40Aurora says its pay-per-mile autonomous trucking model could lower freight costs while addressing
00:45a driver shortage by allowing trucks to operate up to 20 hours a day.
00:49The company has logged more than 3 million public road miles since 2021, with a human safety
00:55operator present for most of them.
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