Autonomous driving will spawn $7 trillion ‘passenger economy’: Intel

When fully autonomous vehicles become mainstream, a new type of economy will emerge that will be worth $7 trillion by 2050, according to Intel.

Fully autonomous vehicles will bring forth a new “passenger economy” worth $7 trillion by 2050, according to new research from Intel and Strategy Analytics.

The passenger economy does not include the autonomous vehicle industry itself; rather, it’s a “peripheral” economy or a “side-effect” of autonomous vehicles becoming mainstream, Doug Davis, VP of Intel and GM of Intel’s Automated Driving Solutions Group, told journalists on Thursday.

While the predicted value can be disputed, Intel’s overarching point is that fully autonomous vehicles will generate new types of products, services, and business models as today’s drivers become tomorrow’s idle passengers.

Given autonomous vehicles are expected to free more than 250 million hours of consumers’ commuting time per year in some of the most congested cities in the world, a key opportunity will be how to capitalise on all of the time people will save when they’re no longer having to drive, according to the Intel-Strategy Analytics study.

Due to the scope of the opportunity, Intel CEO Brian Krzanich said it would be wise for businesses to start thinking about their autonomous strategy now.
“Less than a decade ago, no one was talking about the potential of a soon-to-emerge app or sharing economy because no one saw it coming. This is why we started the conversation around the Passenger Economy early: To wake people up to the opportunity streams that will emerge when cars become the most powerful mobile data generating devices we use and people swap driving for riding,” Krzanich said.
“Mobility-as-a-service” will be the dominant business model, disrupting traditional patterns of vehicle ownership, maintenance, operations, and usage, according to Intel.
In fact, the chip giant envisions a future where individual vehicle ownership is less important, and shared commuting on autonomous vehicles is the norm.

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Watch Tesla’s Autopilot Brake for a Crash Before It Even Happens

Since Tesla released Version 8.0 of its Autopilot system this summer, CEO Elon Musk has touted its lifesaving potential. Today, dashcam footage from the Netherlands showed just how powerful the new safety feature can be.

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In the video, the Tesla can be heard warning of a potential collision due an (unseen) braking vehicle one car ahead. The Autopilot then hits the brakes—while the middle vehicle zooms forward and causes a wreck.

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Tesla’s Autopilot will now stick to the speed limit

And the promised Enhanced Autopilot update is still awaiting validation.

Autopilot-enabled Teslas are about to become slightly more conservative drivers. The company’s latest software update will match the top speed to the posted speed limit when the vehicle’s Autosteer function is engaged, TechCrunch reports today. In the previous version, Autopilot was allowed to speed by about five mph on undivided highways, but the new cap won’t apply on freeways where the system is limited to 90 mph.

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Autonomous boats could be sailing into Amsterdam

Researchers at the Massachusetts Institute of Technology (MIT) and Amsterdam Institute for Advanced Metropolitan Solutions  have started the world’s first major research program on autonomous floating vessels in metropolitan areas1. The program, named Roboat, is the world’s first major research program on autonomous floating systems that focusses on moving people and goods, portable infrastructure and data gathering.

Roboat aims to design and deploy the world’s first fleet of autonomous boats in the city of Amsterdam from 2017. The project has a budget of  25 million euros and the initial phase will last for five years.

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The World’s First Home Robotic Chef Can Cook Over 100 Meals

Apparently, having a home cooked meal from the kitchens of Thomas Keller, Alain Ducasse and Gordan Ramsay could become a reality. In 2018, Moley will launch the world’s first fully-automated and integrated intelligent cooking robot—a robotic kitchen that has unlimited access to chefs and their recipes worldwide. So not only can this robotic chef cook over 100 different meals for you, it will clean up after itself too!

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Hyundai to build datacentre in China for connected cars

South Korean car giant Hyundai’s datacentre in Guizhou, China will start operations in June 2017 and will be the hub for its connected cars in the country.

Hyundai will build a datacentre in Guizhou, China that will began operations in June of next year, the South Korean car giant has announced.

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Uber hits another roadblock

Uber, the ridesharing behemoth that recently began operating driverless cars and exploring self-flying drone taxis, can’t seem to catch a break these days in the legal arena. The New York State Department of Labor has ruled that two Uber drivers, Jakir Hossain and Levon Alesanian, are indeed employees — not contractors —  and therefore eligible to receive unemployment benefits, the New York Times reports. Now, Hossain and Alesanian are eligible for weekly unemployment payments of up to $425 each.

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Tesla to unveil “unexpected” new product October 17

Tesla will unveil something on Monday October 17, according CEO and founder Elon Musk. It’ll be a new product, he said in a Tweet on Sunday, which will be “unexpected by most,” and which will be separate from a Tesla/SolarCity product unveiling on the 28th.

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Komatsu’s self-driving dump truck doesn’t even have a cab

You couldn’t drive this truck even if you wanted to.

Despite the dream of the self-driving car, most autonomous vehicles still have a steering wheel, giving passengers the option to take control at a moments notice. Komatsu’s latest dump truck is a bit different — it doesn’t even have a cab for a human operator to sit in. The company calls it the Komatsu Innovative Autonomous Haulage Vehicle. It’s a 2,700 horsepower autonomous truck designed to increase productivity by taking drivers out of the equation. Specifically, the company is trying to eliminate the three-point turn by developing a vehicle that doesn’t need to see where it’s going.

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Watch Nvidia’s AI car drive itself using only what it learned from human drivers

There are multiple approaches to tackling self-driving; one is to program algorithms or rules that will tell a car how to behave in specific situations. Nvidia is using a deep learning approach, however, by providing its autonomous system with real-world data from humans drivers and letting it learn how to drive on its own – like a supercharged, AI-powered teenager getting behind the wheel using only their experience of being a passenger to guide them.

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