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Tesla crash raises stakes for self-driving vehicle startups

#artificialintelligence

DETROIT/SAN FRANCISCO (Reuters) - Concerns raised by the first reported fatality in a semi-automated car were expected to speed adoption of more sensitive technology to help vehicles see and drive themselves safely, increasing demand on the emerging autonomous vehicle technology industry, investors and analysts said. Goldman Sachs forecasts the market for advanced driver assistance systems and autonomous vehicles will grow from about 3 billion last year to 96 billion in 2025 and 290 billion in 2035. More than half of that revenue in 20 years, Goldman estimates, will come from radar, cameras and lidar, a sensor that uses laser – all tools considered essential to building vehicles that can pilot themselves. The May 7 death of Ohio technology company owner Joshua Brown in a Tesla Motors Inc Model S while the car's semi-automated Autopilot system was engaged highlighted the limitations of current automated driving systems. Tesla's Autopilot system uses cameras and radar, but not lidar.


Tesla crash raises stakes for self-driving vehicle startups

#artificialintelligence

DETROIT/SAN FRANCISCO, July 12 (Reuters) - Concerns raised by the first reported fatality in a semi-automated car were expected to speed adoption of more sensitive technology to help vehicles see and drive themselves safely, increasing demand on the emerging autonomous vehicle technology industry, investors and analysts said. Goldman Sachs forecasts the market for advanced driver assistance systems and autonomous vehicles will grow from about 3 billion last year to 96 billion in 2025 and 290 billion in 2035. More than half of that revenue in 20 years, Goldman estimates, will come from radar, cameras and lidar, a sensor that uses laser - all tools considered essential to building vehicles that can pilot themselves. The May 7 death of Ohio technology company owner Joshua Brown in a Tesla Motors Inc Model S while the car's semi-automated Autopilot system was engaged highlighted the limitations of current automated driving systems. Tesla's Autopilot system uses cameras and radar, but not lidar.


The latest self-driving project is your friendly neighborhood garbage truck

Mashable

Self-driving trucks aren't just for hauling beer anymore. Now they can also haul garbage. Not to be outdone by the likes of Uber and Waymo, Volvo has now outlined one of its own autonomous vehicle projects in Sweden: a self-driving garbage truck. Like Uber Freight, the project is another effort to extend self-driving technology beyond just shuttling people around in self-driving taxis. After all, someone has to line up the garbage cans for the vehicle -- because you sure don't when you're rushing your trash out the door on your way to work.


Nuro's self-driving vehicle is a grocery-getter and errand-runner

#artificialintelligence

Not every self-driving car has to be able to move passengers from point A to point B. Take, for example, Nuro: The startup just revealed their unique autonomous vehicle platform, which is more of a mobile small logistics platform than a self-driving car. The company, which has been working away in stealth mode in Mountain View until now, has raised a $92 million Series A round led by Banyan Capital and Greylock Partners to help make its unique vision of autonomous transport take shape. Nuro's vehicle is a small, narrow box on wheels, which is about half the width of a regular car, and which is designed to be a lightweight way to get goods from a local business to a customer, or from one person to another within a neighborhood or city. The platform is just one example of what Nuro wants to do, however; the startup bills itself as a product company focused on bringing "the benefits of robotics" to everyday use and ordinary people. Nuro's AV also operates completely autonomously, and looks like something you'd see on a Moon base in a retro-futuristic sci-fi show.


Why some self-driving startups reject Google's "moonshot" approach – Ars Technica

#artificialintelligence

Progress on self-driving technology has been slower than many people expected just a few years ago. Google's Waymo was aiming to launch a fully driverless taxi service by the end of 2018 but missed its deadline. GM's Cruise abandoned plans to launch a commercial service in 2019. Tesla has repeatedly fallen short of Elon Musk's optimistic timelines for delivering fully self-driving technology. They have plenty of cash and can keep working on the problem as long as they need to. But it is a big challenge for some of their competitors: independent self-driving startups that rely on venture capital to stay afloat.