Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
THEY DON'T RING THE BELL AT THE CRPTO MARKET TOP! - 20th Dec 24
CEREBUS IPO NVIDIA KILLER? - 18th Dec 24
Nvidia Stock 5X to 30X - 18th Dec 24
LRCX Stock Split - 18th Dec 24
Stock Market Expected Trend Forecast - 18th Dec 24
Silver’s Evolving Market: Bright Prospects and Lingering Challenges - 18th Dec 24
Extreme Levels of Work-for-Gold Ratio - 18th Dec 24
Tesla $460, Bitcoin $107k, S&P 6080 - The Pump Continues! - 16th Dec 24
Stock Market Risk to the Upside! S&P 7000 Forecast 2025 - 15th Dec 24
Stock Market 2025 Mid Decade Year - 15th Dec 24
Sheffield Christmas Market 2024 Is a Building Site - 15th Dec 24
Got Copper or Gold Miners? Watch Out - 15th Dec 24
Republican vs Democrat Presidents and the Stock Market - 13th Dec 24
Stock Market Up 8 Out of First 9 months - 13th Dec 24
What Does a Strong Sept Mean for the Stock Market? - 13th Dec 24
Is Trump the Most Pro-Stock Market President Ever? - 13th Dec 24
Interest Rates, Unemployment and the SPX - 13th Dec 24
Fed Balance Sheet Continues To Decline - 13th Dec 24
Trump Stocks and Crypto Mania 2025 Incoming as Bitcoin Breaks Above $100k - 8th Dec 24
Gold Price Multiple Confirmations - Are You Ready? - 8th Dec 24
Gold Price Monster Upleg Lives - 8th Dec 24
Stock & Crypto Markets Going into December 2024 - 2nd Dec 24
US Presidential Election Year Stock Market Seasonal Trend - 29th Nov 24
Who controls the past controls the future: who controls the present controls the past - 29th Nov 24
Gold After Trump Wins - 29th Nov 24
The AI Stocks, Housing, Inflation and Bitcoin Crypto Mega-trends - 27th Nov 24
Gold Price Ahead of the Thanksgiving Weekend - 27th Nov 24
Bitcoin Gravy Train Trend Forecast to June 2025 - 24th Nov 24
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24
Dubai Deluge - AI Tech Stocks Earnings Correction Opportunities - 18th Nov 24
Why President Trump Has NO Real Power - Deep State Military Industrial Complex - 8th Nov 24
Social Grant Increases and Serge Belamant Amid South Africa's New Political Landscape - 8th Nov 24
Is Forex Worth It? - 8th Nov 24
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Driverless Vehicles Powered by Artificial Intelligence

Companies / Auto Sector Jan 27, 2016 - 02:15 PM GMT

By: BATR

Companies

The joy of driving was once an important part of the American Dream. Take to the open roads meant freedom and adventure. The utilitarian objective of moving from one place to another just does not seem to possess the same romance. As with all reminiscences of the past, the lingering memories like to keep the good times close and block out the troubles when possible. This same trait can be applied to the distinctly national love affair with the auto. But as with all things, times move on and many in the tech community believe that the next advancement in land travel will come from an AI revolution.


Motor vehicle manufacturers and the oil industry that fuels them became a large part of creating the Big Business model. Money was to be made. Names like Ford and Firestone rubbed shoulders with the likes of Rockefeller. Today, the stable of electric and hybrids appeal less to the muscle power consumers who value horsepower, than to the save the planet believers, who are less concerned about cost per mile.

Such a dilemma is being transformed by the programming of software that is being designed to take the thinking out of driving. Some may say that there is very little aptitude in the passing lane at this point anyways and that the promise of an autobahn with a Google hangouts plugin would enhance the gaming experience in transit.

Well, so much for controlling the direction where the rubber meets the road, the jumbo tech giants smell money all over this twenty-first century bonanza. When the Washington Post reported, in Google’s artificial intelligence breakthrough may have a huge impact on self-driving cars and much more; “Google researchers have created an algorithm that has a human-like ability to learn, marking a significant breakthrough in the field of artificial intelligence”, the part timers over at Uber were just given notice.

“A more appealing solution for Google would be for the car to develop a level of intelligence that’s so high, it wouldn’t need those preloaded maps. It could simply scan roads in front of it, and teach itself how to drive anywhere.”

In another account, this from Breitbart, Artificial Intelligence Breakthroughs in 2015, the Singularity by 2030.,”Several companies are testing self-driving cars, and they’re expected to be available commercially by 2020.” That’s just around the corner and it looks you will not have to stop to make a “right” turn.

So what are the economics from this brave new world?

It’s No Myth: Robots and Artificial Intelligence Will Erase Jobs in Nearly Every Industry, predicts that “Manufacturing will be returning to U.S. shores with robots doing the job of Chinese workers; American carmakers will be mass-producing self-driving electric vehicles”, but will also bring about “The first large wave of unemployment will be caused by self-driving cars. These will provide tremendous benefit by eliminating traffic accidents and congestion, making commuting time more productive, and reducing energy usage. But they will eliminate the jobs of millions of taxi and truck drivers and delivery people.”

Xconomy, from the San Francisco Bay area offers this analysis.

“So far most conversations around self-driving cars focus on personal vehicles. It’s unlikely we’ll take a fully autonomous car for our daily commute for quite a few years, but commercial trucking will see self-driving vehicles emerge far sooner. One company, Peloton, is already making this a reality. Long haul trucking is an easier technical challenge because interstates are generally straight lines, well-marked, digitally mapped in high definition, and generally free of pedestrians, bicycles, and other random obstacles; and the economic productivity of trucks can justify substantial investment in sophisticated cameras, sensors, and computers needed for autopilot systems. The economic need for autonomous trucks is huge due to the high cost and shortage of drivers, regulatory limits on driving time, and the fuel efficiency gained from convoys travelling close together in peloton formation.”

Lastly, from the respective McKinsey & Company, a global management consulting firm - Ten ways autonomous driving could redefine the automotive world. The entire descriptions can be read on their site.

1.    Industrial fleets lead the way

2.    Car OEMs face a decision

3.    New mobility models emerge

4.    The car-service landscape changes

5.    Car insurers might shift their business model

6.    Companies could reshape their supply chains

7.    Drivers have more time for everything

8.    Parking becomes easier

9.    Accident rates drop

10.  AVs accelerate robotics development for consumer applications

The economic dislocations can be earth shattering. However, the buggy makers in this round of the transpiration technology interchange just does not seem to promise the same employment uplifting that Henry Ford’s accomplished with his THE FIVE-DOLLAR DAY—JUMP-STARTING THE MIDDLE CLASS.

Well, when in doubt just go to a Starbucks and order an iced caramel macchiato. You might even get change. Is this the kind of benefit consumers could expect from having “more time for everything”?

Control of the transport market may bear an Apple logo, using a Microsoft operating system, built by Toyota, delivered by Bezos drones and sold through Musk marketing “programming” commercials, carried in Google ads. As for the displaced UAW workers, just chat and text from your smart devices, your unemployment benefits just ran out.

The future of truck stops on the nations’ interstates might need to convert to electric plug in stations for all those dependable green renewals and become rest areas for the travelling porn circuit, since such engagements may be the only services that AI cannot replace. Some even argue that may not be true.

The merchant economy is the only alternative to this Metropolis Melodrama induced society that is destroying the financial futures of most households. The billionaire ranks swell, while the consumers starve. Trading in your Ferrari sports car for a dependable Argentine Criollos steed may not be practical or appealing for most. However, compared to navigating the highways as cargo in an artificial intelligence environment; taking a greyhound bus looks more attractive than ever.

James Hall

Source: http://www.batr.org/negotium/012716.html

Discuss or comment about this essay on the BATR Forum

http://www.batr.org

"Many seek to become a Syndicated Columnist, while the few strive to be a Vindicated Publisher"

© 2016 Copyright BATR - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors

BATR Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in