After 100bchafkinbloomberg: Self-driving vehicles have been gaining traction in recent years with investors pouring billions of dollars worth of investment into the technology. Despite this investment, startups are finding that progress is lacking and they are turning to simulations or remote operators as losses mount.
Investors Pump Billions into Self-Driving Vehicles
After 100bchafkinbloomberg: Self-driving technology is becoming increasingly popular for businesses and venture capitalists. The worth of the market is estimated at $100 billion by 2021.
The influx of capital for self-driving cars has helped to make them the most common type of vehicle on the road within a couple years.
Startups Struggle to Make Substantial Progress
Sadly, self-driving cars have been much slower to be approved than they were predicted to be. Jennifer King woke up at 2 am and was startled by a loud noise as her self-driving vehicle drove past her house.
There are a few legal issues to be worked out before autonomous driving is entirely available.
Simulations and Remote Operators Step In: After 100bchafkinbloomberg
Start-ups have fallen behind on the road, but that doesn’t mean there is no progress. On the contrary, simulation and remote operators are now a lot more effective than they used to be.
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Autonomous vehicles are blazing a trail in the industry right now, and it is becoming harder for them to create these types of innovative advancements while remaining sustainable.
Despite initial investments for self-driving vehicles, companies have now faced increasing losses because of the lack of progress in both technical areas and legal clearances.
It’s hard to say if the investment in automated machine operators were worth it or not. Most of the responses are yet to be revealed, but who knows what other developments that haven’t happened yet might change the course of history.
After investing huge numbers of dollars on self-driving cars, many companies in the recently acknowledged industry have seen their losses mount. Last year was a terrible year for autonomous car tech startups but there is much optimism surrounding 2019 initiatives. After 100bchafkinbloomberg