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The Road to Autonomy: A Tech Strategist and Investor’s View on the State of Self-Driving Cars
- Fully self-driving cars dominating city streets remain just out of reach due to regulatory barriers, safety concerns, and complexities in scaling technology. Waymo, Tesla, and Zoox operate at Level 4 autonomy. Full autonomy, Level 5, is still the ultimate goal. Better sensors like LiDAR, cameras, and radar have significantly improved how cars perceive their surroundings. The leap towards connectivity and autonomy was anticipated by Microsoft which launched Microsoft Connected Vehicle Platform (MCVP) in 2016. Supporting tech companies in the self-driving ecosystem include Foretellix which raised $85 million recently to develop a platform that verifies and validates autonomous systems.
- AI powers nearly every aspect of self-driving and processes inputs from sensors, predicts behavior of vehicles and pedestrians, handles voice commands inside the cabin and plans paths. Companies have used different AI techniques to develop self-driving. Cost and regulation are the major hurdles to overcome. High-end sensors can cost tens of thousands per vehicle, rendering it hard to scale the technology. Governments need to ensure public safety while promoting innovation. Consumer trust will take time to establish, but the benefits are significant with reduced congestion, improved mobility and even altering car ownership.
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