Best of the Week
Most Popular
1. Will Gold Price Breakout? 3 Things to Watch… - Jordan_Roy_Byrne
2.China Invades Saudi Oil Realm: PetroDollar Kill - Jim_Willie_CB
3.Bitcoin Price Trend Forecast, Paypal FUD Fake Cryptocurrency Warning - Nadeem_Walayat
4.The Stock Market Trend is Your Friend ’til the Very End - Rambus_Chartology
5.This Isn’t Your Grandfather’s (1960s) Inflation Scare - F_F_Wiley
6.GDX Gold Mining Stocks Fundamentals - Zeal_LLC
7.US Housing Real Estate Market and Banking Pressures Are Building - Chris_Vermeulen
8.Return of Stock Market Volatility Amidst Political Chaos and Uncertain Economy - Buildadv
9.Can Bitcoin Price Rally Continue After Paypal Fake FUD Attack? - Nadeem_Walayat
10.Warning Economic Implosion on the Horizon - Chris_Vermeulen
Last 7 days
Sheffield Local Elections 2018 Forecast Results - 22nd Apr 18
How Long Does it take for a 10%+ Stock Market Correction to Make New Highs - 21st Apr 18
Sheffield Ruling Labour Party Could Lose 10 Council Seats at May Local Elections - 21st Apr 18
Crude Oil Price Trend Forecast - Saudi Arabia $80 ARAMCO Stock IPO Target - 21st Apr 18
Gold Price Nearing Bull Market Breakout, Stocks to Follow - 20th Apr 18
What’s Bitcoin Really Worth? - 20th Apr 18
Stock Market May "Let Go" - 20th Apr 18
Overwhelming Evidence Against Near Stock Market Grand Supercycle Top - 20th Apr 18
Crude Oil Price Trend Forecast - Saudi's Want $100 for ARAMCO Stock IPO - 20th Apr 18
The Incredible Silver Trade – What You Need to Know - 20th Apr 18
Is War "Hell" for the Stock Market? - 19th Apr 18
Palladium Bullion Surges 17% In 9 Days On Russian Supply Concerns - 19th Apr 18
Breadth Study Suggests that Stock Market Bottom is Already In - 19th Apr 18
Allegory Regarding Investment Decisions Made On Basis Of Government’s Income Statement, Balance Sheet - 19th Apr 18
Gold – A Unique Repeat of the 2007 and How to Profit - 19th Apr 18
Abbeydale Park Rise Cherry Tree's in Blossom - Sheffield Street Tree Protests - 19th Apr 18
The Stock Market “Turn of the Month Effect” Exists in 11 of 11 Countries - 18th Apr 18
Winter is Coming - Coming Storms Will Bring Out the Best and Worst in Humanity - 18th Apr 18
What Does it Take to Create Living Wage Jobs? - 18th Apr 18
Gold and Silver Buy Signals - 18th Apr 18
WINTER IS COMING - The Ongoing Fourth Turning Crisis Part2 - 18th Apr 18
A Stock Market Rally on Low Volume is NOT Bearish - 17th Apr 18
Three Gold Charts, One Big Gold Stocks Opportunity - 17th Apr 18
Crude Oil Price As Bullish as it Seems? - 17th Apr 18
A Good Time to Buy Facebook? - 17th Apr 18
THE Financial Crisis Acronym of 2008 is Sounding Another Alarm - 16th Apr 18
Bombs, Missiles and War – What to Expect Next from the Stock Market - 16th Apr 18
Global Debt Bubble Hits New All Time High – One Quadrillion Reasons To Buy Gold - 16th Apr 18
Will Bitcoin Ever Recover? - 16th Apr 18
Stock Market Futures Bounce, But Stopped at Trendline - 16th Apr 18
How To Profit As Oil Prices Explode - 16th Apr 18
Junior Mining Stocks are Close to Breaking Downtrend - 16th Apr 18
Look Inside a Caravan at UK Holiday Park for Summer 2018 - Hoseasons Cayton Bay Sea Side - 16th Apr 18
Stock Market More Weakness? How Much? - 15th Apr 18
Time for the Gold Bulls to Show their Mettle - 15th Apr 18
Trading Markets Amid Sound of Wars - 15th Apr 18
Sugar Commodity Buying Levels Analysis - 14th Apr 18
The Oil Trade May Be Coming Alive - 14th Apr 18

Market Oracle FREE Newsletter

Trading Lessons

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

© 2005-2018 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

6 Critical Money Making Rules