If you take humans out of the driving seat, could traffic jams, accidents and high fuel bills become a thing of the past? As cars become more automated and connected, attention is turning to how to best choreograph the interaction between the tens or hundreds of automated vehicles that will one day share the same segment of Europe’s road network.
Intel announced plans to acquire Israel-based Mobileye, a developer of vision technology used in autonomous driving applications, for $15.3 billion. Mobileye share prices jumped from $47 to $61 (the tender offering price is $63.54) on the news, a 30% premium. The purchase marks the largest acquisition of an Israeli hi-tech company ever.
Argo AI, a Pittsburgh startup, has sold a majority share of their company to Ford Motor Co. which has agreed to invest $1 billion over a five-year schedule but will immediately become the majority shareholder. Both companies declined to disclose further details.
Intel is establishing an autonomous driving division; hacker George Hotz is open-sourcing his self-driving software in a bid to become a network company; LiDAR and distancing devices are changing. What does it all mean?
In October, the U.S.-China Economic and Security Review Commission released a report, China’s Industrial and Military Robotics Development, prepared by the Defense Group, Inc. at the Commission’s request. The report examines the development of China’s unmanned industrial, service, and military robotics systems, such as drones and driverless cars, and the economic and national security implications of these trends for the United States.
As autonomous cars begin to hit world markets in pilot tests and other ways, and before the International Federation of Robotics clarifies whether those vehicles are robots or not, two research firms have combined those vehicles with other robots. Their results are below.
The long awaited list of recommendations and potential regulations for robocars has just been released by the National Highway Traffic Safety Administration (NHTSA), the federal agency that regulates car safety and safety issues in car manufacture. Normally, NHTSA does not regulate car technology before it is released into the market, and the agency, while it says it is wary of slowing down this safety-increasing technology, has decided to do the unprecedented — and at a whopping 115 pages.
Two self-driving car events of note: Uber just began operating a fleet of Volvo self-driving cars in Pittsburgh, and nuTonomy launched the first autonomous pilot taxi program last month in Singapore. Both still require a driver, although he/she will be as hands-off as much as possible.
The vision of many of us for robocars is a world of less private car ownership and more use of robotaxis — on-demand ride service in a robocar. That’s what companies like Uber clearly are pushing for, and probably Google, but several of the big car companies including Mercedes, Ford and BMW among others have also said they want to get there — in the case of Ford, without first making private robocars for their traditional customers.
In this world, what does it cost to operate these cars? How much might competitive services charge for rides? How much money will they make? What factors, including price, will they compete on, and how will that alter the landscape?
In anticipation of the need for LiDAR devices in cars with assisted steering and other self-driving technologies, both Velodyne and Quanergy received funding. Quanergy raised $90 million and Velodyne got $150 million.