Here's how AImotive is making systems for driverless cars inexpensive

Hungarian company AImotive is working towards developing an affordable autonomous driving system for $6000. The company has applied for permission to test the technology on the local roads near its California office, located near Google's HQ. While companies like Waymo and Uber use an expensive radar-like system called LIDAR (Light Detection and Ranging) in their self-driving car programs, AImotive claims to achieve the same using regular cameras combined with artificial intelligence. The company claims that this brings down the cost of converting a regular car into a driverless one to around $6,000 as opposed to $70,000-$100,000. "The whole traffic system is based on the visual system. Drivers don't have bat ears and sonars, you just look around and drive," said Laszlo Kishonti, CEO and Founder, AImotive.