It's becoming increasingly common to see driverless cars on the road. The technology isn't perfect yet, but there are plenty of companies working on getting it there. No One at the Wheel: Driverless Cars and the Road of the Future author Samuel Schwartz and Wedbush Senior Equity Analyst Dan Ives share their thoughts on investing in the autonomous vehicle space. Schwartz highlights Alphabet's Waymo (GOOGL, GOOG) as being a company in the lead. Schwartz also points to General Motors' Cruise (GM), and Tesla (TSLA). However, Schwartz notes that one of the big problems for the industry is the 'lack of sharing of information and data,' which means 'we don't know enough about how these vehicles are performing.' Schwartz estimates that it could take another 20 years for driverless vehicles to handle dirt roads or mountain roads, given that these vehicles can't yet do everything that one with a driver can. Ives compares the rise of driverless vehicles to what we're seeing in AI in that there will be 'derivative plays.' Ives makes the case for Uber Technologies (UBER) as a potential play because he believes 'not just one of five, but potentially two of every five Ubers, end of decade, could be self-driving, autonomous.' Ives echoes Schwartz's comments about GM's Cruise unit, sayiing it is a 'significantly undervalues asset' at the automaker.
It's becoming increasingly common to see driverless cars on the road. The technology isn't perfect yet, but there are plenty of companies working on getting it there.author Samuel Schwartz and Wedbush Senior Equity Analyst Dan Ives share their thoughts on investing in the autonomous vehicle space.).
SWAN RIVER, Man. — Five people have died in a crash in western Manitoba. RCMP say they responded along with local firefighters and EMS at 5 p.m. Saturday to a report of a single-vehicle rollover on Highway 83, about 19 kilometres south of Swan River, Man. The Mounties issued a news release saying an SUV, with five occupants, was travelling northbound when it entered the ditch and rolled into a field.
I visited Los Angeles without renting a car or using rideshare apps. Navigating public transportation was easy with some planning.
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