Cars are getting smarter and more capable. They're even starting to drive themselves, a little. They're all for putting better tech on the road, but automakers are selling systems like Tesla's Autopilot, or Nissan's Pro Pilot Assist, with the implied promise that they'll make driving easier and safer, and a new study is the latest to say that may not always be the case. More worryingly, drivers think these systems are far more capable than they really are. Euro NCAP, an independent European car safety assessment group (similar to the Insurance Institute for Highway Safety in the US,) has just released the results of its first round of tests of 10 new cars with driver assistance technologies.
GM GM -1.27% said this month it would partner with Honda Motor Co. HMC -0.45% to develop a fully automated car. As part of the deal, Honda committed to investing $2.75 billion in GM's self-driving-car unit GM Cruise LLC over the next 12 years. The investment comes on top of a commitment to Cruise of more than $2 billion from SoftBank Group Corp.'s Vision Fund in May. GM bought Cruise in 2016 and also invested in ride-hailing company Lyft Inc. that year. Toyota TM -0.26% is investing $500 million in Uber Technologies Inc. as part of an agreement to collaborate on self-driving-car technology.
Because of self-driving, KPMG predicts that auto insurance will shrink 60% by 2050 and an additional 10% over the following decade. While more than half of individuals surveyed by Pew Research express worry over the trend toward autonomous vehicles, and only 11% are very enthusiastic about a future of self-driving cars, lack of positive consumer sentiment hasn't stopped several industries from steering into the auto pilot lane. The general sentiment of proponents, such as Tesla and Volvo, is that consumers will flock toward driverless transportation once they understand the associated safety and time-saving benefits. Because of the self-driving trend, KPMG currently predicts that the auto insurance market will shrink 60% by the year 2050 and an additional 10% over the following decade. What this means for P&C insurers is change in the years ahead. A decline in individual drivers would directly correlate to a reduction in demand for the industry's largest segment of coverage.
The world as we know it will change profoundly over the next ten years. With a projected global population of over 8.4 billion by 2028, businesses across all industries are investing billions of dollars in technology and innovation in order to be successful in a future where everyone is connected and information is instant. By 2025, it is estimated that nearly 8 billion people will be "hyper-connected" (instant access to information) through telecommunication and the internet, a huge increase over the current 3 billion.Shutterstock With countries imposing bans on fossil fuels, the continued looming threat of cyber-attacks, and many professions being forever reshaped due to improvements in technology; change is inevitable. Our society is advancing faster than ever before, and businesses across the globe are implementing strategies today to fulfill the needs of the future.
Renault, one of Europe's major automakers, is trying to help us imagine a world with fewer cars. Earlier this year, it unveiled the EZ-GO concept, a sort of anti-Uber autonomous ride-sharing vehicle for the masses. Now, it has taken the wraps off EZ-PRO, a last-mile autonomous electric delivery vehicle system that can double as a coffee truck, portable office and postal outlet on wheels. The EZ-GO was one of the most interesting concepts we've seen this year, so how does the EZ-PRO stack up? At the company's TechnoCentre near Paris, we get a closer look at Renault's multitasking, multipurpose self-driving solution.
Most AI platform suppliers have been obsessed lately with autonomous vehicles. This week, Nvidia escalated the obsession by spreading the epidemic to "autonomous machines." At Nvidia's GPU Technology Conference held here, CEO Jensen Huang wound up and pitched Nvidia AGX, a series of embedded AI high-performance computers built around Nvidia's new Xavier processors, for a host of robotic and autonomous machines. Phil Magney, founder and principal advisor at VSI Labs, called Nvidia "shrewd" to extend the reach of the architecture, since most competitors are focusing exclusively on automated cars. "As we know, there are lots of human driven machines out there where removing the operator is the goal.
For more than a century, the life of a vehicle has begun in the factory. To ensure a smooth transition to the automotive life cycle of the future, manufacturers must carefully design, build and run datacenters optimized for training artificial intelligence at scale. Autonomous vehicles rely on deep neural networks to handle functions that a human driver would typically be responsible for. These algorithms can perceive the world around the car, plan the vehicle's motion and actuate that path. Before they can safely run in the car, deep neural networks must be rigorously trained in the datacenter, where they are shown millions of hours of driving data, enabling an autonomous vehicle to recognize and react to scenarios on its own.
Apple has become the world's first publicly traded company to be valued at $1 trillion, the financial fruit of stylish technology that has redefined what we expect from our gadgets. Apple's new 175-acre "spaceship" campus dubbed Apple Park. It was designed by Lord Norman Foster and cost roughly $5 billion. It will house 12,000 employees in over 2.8 million square feet of office space and will have nearly 80 acres of parking to accommodate 11,000 cars. SAN FRANCISCO – In a few weeks, Apple will unveil its newest iPhone.
Driverless cars could make our roads safer and reduce congestion. But the algorithms driving them will also have to make life-or-death decisions. At some stage in the future, a fully autonomous car may determine who lives and who dies on our roads. These machines are being tested right now and Australian politicians are looking overseas for leadership, emboldened by the promise of fewer fatalities and less congestion. At the moment, there must be a human behind the wheel of these cars at all times, but government agencies are already working on a legal framework for when machines are totally in control.
In 1908, automobiles had already been around for decades. Yet they were still a novelty; expensive and out of reach for most Americans. But that all that changed when the first Ford Model T was assembled in Detroit, Michigan. It was a car built for the middle class. It wasn't cheap at $825 (or about $18,000 by today's standards) but it was much less expensive than previous vehicles.