On the cusp of becoming a reality, the driverless car has set off a frantic race that, in addition to traditional automakers, includes tech companies and start-ups.
Different manufacturers, equipment and component suppliers, and technology companies are developing their autonomous mobility systems.
While several major manufacturers on the market seem to agree on a launch date (early 2020s), Silicon Valley companies, contrary to what we’d think, are falling behind in the race.
The autonomous car is projected to “drive” a $7 trillion market by 2050, which could explain why this field is becoming more and more crowded. But to give these companies more credit, driverless cars are also projected to save about half a million lives from traffic fatalities over a decade.
Tencent Taps Into its AI Knowledge to Join the Driverless Tech Fray
Tencent Holdings Ltd., the conglomerate behind the social media app, WeChat, don’t want to be left behind in the driverless car race.