Latest news with #UriLevine
Yahoo
06-08-2025
- Business
- Yahoo
Pontera Offers Retirement Oversight & Advice: Co-Founder
Uri Levine, co-founder of Waze and Pontera, says one of the biggest challenges in the U.S. market is that people aren't saving enough for retirement, emphasizing that many are not making the right financial decisions or getting proper advice. He speaks to Romaine Bostick and Scarlet Fu on "The Close."
Bloomberg
05-08-2025
- Business
- Bloomberg
Pontera Offers Retirement Oversight & Advice: Co-Founder
Uri Levine, co-founder of Waze and Pontera, says one of the biggest challenges in the U.S. market is that people aren't saving enough for retirement, emphasizing that many are not making the right financial decisions or getting proper advice. He speaks to Romaine Bostick and Scarlet Fu on "The Close." (Source: Bloomberg)
Yahoo
16-07-2025
- Automotive
- Yahoo
The cofounder of Waze predicts the next generation 'will not drive'
Waze cofounder Uri Levine predicts that kids born today won't get behind the wheel. Levine said that within a decade, most paid mobility and transportation services will be autonomous. He compared the shift to driverless cars to past automations, like elevator operators. Serial entrepreneur Uri Levine helped build two navigation companies that achieved roughly billion-dollar exits. But he predicts kids born today, known as Generation Beta, won't end up behind the wheel. "They will not drive," the Waze cofounder told Business Insider. "A generation after that, if you will tell them that you used to drive cars yourself, they will not believe you." Levine's comments come in the wake of Tesla launching its robotaxi service in Austin to a small group of users. Elon Musk has said that the vehicles will be in "many other cities" in the country by the end of 2025 and that by the second half of 2026, there will be "millions of Teslas" operating autonomously. Waymo, owned by Alphabet, started offering its service to the public in 2020 and has already provided millions of paid, fully autonomous rides. The company offers driverless taxi services in the San Francisco Bay Area, Los Angeles, Phoenix, Austin, and Atlanta. Even though Waymo and Tesla's driverless taxi launches are only available in certain locations right now, Levine said they will eventually transform driving. He said that a decade from now, most paid mobility and transportation services will be autonomous. That includes logistics, public transportation, and on-demand car services, he said. "The impact will be dramatic," Levine said, adding that urban areas will "barely see any drivers." According to Levine, any product can only become "good enough" once it's released to the market and users can interact with it. From there, it improves through iteration, he said. Levine said that when autonomous driving becomes more widespread, it will give people back a substantial amount of time. In a 24-hour day, dedicating even one hour to driving is "actually pretty significant," Levine said. Levine's thesis also includes a financial component. The cofounder said if someone pays $100 for an Uber ride today, the majority of it goes toward the driver, some amount goes toward operation costs, and another fraction goes toward Uber. "Once you take the driver out of the equation, the entire ride would be about $25, way more affordable and therefore way more demand at this price range," Levine said. Not everyone feels equally bullish on the future of driverless cars. Analysts at HSBC recently released a report suggesting that the potential market for driverless taxis was "widely overestimated," and that it could take years for robotaxis to turn a profit. Levine said autonomous taxis are "just the beginning." Instead of going to the shoe store, there could be a shoe-store van that comes to the buyer directly. The technology could end up changing the retail industry and retail real estate market, Levine said. "50 years ago there was a driver for the elevator," Levine said. "And obviously, we don't need a driver for the elevator anymore." Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
16-07-2025
- Automotive
- Business Insider
The cofounder of Waze predicts the next generation 'will not drive'
Serial entrepreneur Uri Levine helped build two navigation companies that achieved roughly billion-dollar exits. But he predicts kids born today, known as Generation Beta, won't end up behind the wheel. "They will not drive," the Waze cofounder told Business Insider. "A generation after that, if you will tell them that you used to drive cars yourself, they will not believe you." Levine's comments come in the wake of Tesla launching its robotaxi service in Austin to a small group of users. Elon Musk has said that the vehicles will be in "many other cities" in the country by the end of 2025 and that by the second half of 2026, there will be "millions of Teslas" operating autonomously. Waymo, owned by Alphabet, started offering its service to the public in 2020 and has already provided millions of paid, fully autonomous rides. The company offers driverless taxi services in the San Francisco Bay Area, Los Angeles, Phoenix, Austin, and Atlanta. Even though Waymo and Tesla's driverless taxi launches are only available in certain locations right now, Levine said they will eventually transform driving. He said that a decade from now, most paid mobility and transportation services will be autonomous. That includes logistics, public transportation, and on-demand car services, he said. "The impact will be dramatic," Levine said, adding that urban areas will "barely see any drivers." According to Levine, any product can only become "good enough" once it's released to the market and users can interact with it. From there, it improves through iteration, he said. Levine said that when autonomous driving becomes more widespread, it will give people back a substantial amount of time. In a 24-hour day, dedicating even one hour to driving is "actually pretty significant," Levine said. Levine's thesis also includes a financial component. The cofounder said if someone pays $100 for an Uber ride today, the majority of it goes toward the driver, some amount goes toward operation costs, and another fraction goes toward Uber. "Once you take the driver out of the equation, the entire ride would be about $25, way more affordable and therefore way more demand at this price range," Levine said. Not everyone feels equally bullish on the future of driverless cars. Analysts at HSBC recently released a report suggesting that the potential market for driverless taxis was "widely overestimated," and that it could take years for robotaxis to turn a profit. Levine said autonomous taxis are "just the beginning." Instead of going to the shoe store, there could be a shoe-store van that comes to the buyer directly. The technology could end up changing the retail industry and retail real estate market, Levine said. " 50 years ago there was a driver for the elevator," Levine said. "And obviously, we don't need a driver for the elevator anymore."
Business Insider
11-07-2025
- Business
- Business Insider
Waze cofounder shares his No. 1 piece of retirement advice
Despite building two companies that sold for at least $1 billion, Waze cofounder Uri Levine isn't a big spender, he says. While he invests his time and money in startups, he lives in a rental apartment and says he doesn't own a yacht. " I don't need more money," Levine told Business Insider in an interview, adding that he has "a very simple life," and finds his work fulfilling. Levine is a big advocate for investing, though. In 2012, he cofounded Pontera, a company that develops financial advisor software to help manage 401(k)s. "Retirement saving is a big problem," Levine said in an interview with Business Insider, adding that millions of Americans don't invest correctly. His No. 1 piece of retirement advice is simple: Start thinking about saving at 18. "The nature of the beast is very simple," Levine said. "When you're young you don't care, and when you become older and you start to care, it might be too late." He said retirement will be significantly easier if individuals start putting aside money earlier. "The compound effect of their return is the one that is going to make the difference," Levine said. Compounding interest is a financial concept that refers to when interest earns interest and accelerates the growth of investments and savings over time. Many older Americans seem to agree with this advice. In a recent survey of 4,500 retirees and interviews with more than 200 older Americans, BI's Noah Sheidlower found that most emphasized starting early to take advantage of compound interest. That said, the recommended amount of money you set aside for retirement can vary. For example, Fidelity advises saving 10 times your salary by 67, while T. Rowe Price recommends saving between 7.5 and 13.5 times your income by age 65. Financial practices like the 50/30/20 rule suggest allocating 50% of your income toward necessities, 30% toward discretionary spending, and 20% toward savings and debt repayment. "The most important part? Don't overlook it," Levine said. "Start as early as you can and if you need, go and speak with financial advisor."
