File:Dara Khosrowshahi, Uber CEO, at the Goldman Sachs' Tech Conference (40302568922).png

"We move more people than the entire airline industry.

Cars are to us as books are to Amazon. We will do more and more verticals in transportation. Uber Eats will be the largest delivery company, ex-China, this year. It's 10% of our business.

We'll do over $7B of revenue this year. We are at a $40B gross revenue bookings run rate. But we are <0.5% of total miles driven. We are aiming for 20-30%.

We don't want you to buy cars.

We want to welcome all autonomy players to our network. Our business is the network.

We can mix and match people and AI drivers based on the destination. If you are staying in the city, perhaps it is the AI. If you want to drive to a tough place in suburbia, perhaps it's a human. We are betting on a very long hybrid period, and that won't change the job landscape. As the cost goes down, demand goes up. 5-10 years from now, we'll have more drivers than today.

If we compete on a dollar to dollar basis in an open market, we will win share because we have the better technology, brand and network. In China and Russia, that was not true.

We are investing in autonomy, AI, VTOL, and freight. We are making big bets on autonomous and in developing market growth. If we stopped both, we'd be cash flow breakeven. We could be profitable today, but we'd sacrifice growth and innovation in an enormous category. Prior to Uber, I ran a profitable company for 13 years. This makes me intensely uncomfortable.

The freight brokerage business is hundreds of billions of dollars. They have a 15% take to match supply and demand. We can do better in the electronics and humans. We should do hundreds of millions in 2018.