Automotive companies have entered a global race toward self-driving cars.
According to Apple’s CEO, Tim Cook, autonomous driving systems are now “the mother of all AI projects.” Google’s self-driving car unit, Waymo, has also joined the industry, and like CarZar.co.za, South Africa’s fastest and most convenient way of selling a car, both intend to disrupt the automotive industry.
As claimed by Forbes, traditional automakers now has a reason to fear major players in the tech industry. However, it’s difficult to figure out who will win the race toward self-driving cars, as the industry of self-driving is still ripe with space for great global concepts of innovation.
InMotion Ventures, a mobility service business of Britain’s biggest car maker Jaguar Land Rover, has made a massive investment of $25-million in Lyft Inc – an American ride services company. The money will, of course, be used to test and develop new, advanced technology for self-driving cars. According to eNCA, InMotion Ventures revealed that it will also supply Lyft Inc with a fleet of Land Rover and Jaguar vehicles.
General Motors are also in line of the high tech, auto race with a fleet of 130 self-driving test car. The company is therefore en-route to developing self-driving cars, with the help of the automotive manufacturing expertise of Cruise Automation.
So, why is headlight being placed on self-driving industry and attracting multi-million investors?
Blue-chip tech companies, car makes and investors generally do not waste their time on concepts susceptible to failure. The race to develop self driving cars in the near future will:
- Revolutionize transportation
- Cut costs of ride services
- Transform the way we only buy running cars
- Provide a much convenient way of using cars