Autonomous vehicle technology is proving to be much harder to develop than early enthusiasts predicted.
Among those companies likely to be looking to acquire self-driving technology startups are the big car makers; auto-parts manufacturers; and companies such as Wal-Mart and FedEx that either focus on shipping goods or for which shipping is a major expense, they said.Just a few years ago, automakers around the world and technologists in Silicon Valley were confidently predicting that fully autonomous vehicles were just around the corner.
, industry experts told Business Insider. Another lesson: Because of that fact, there's likely to be a lot more consolidation to come. That the company is selling for little more than a third of that valuation — and only a bit more than what was invested in the company — says a lot about the state of the industry and how far away Zoox is to realizing its vision, industry experts said.
Jeff Bezos has led Amazon's big push into logistics. The company's investment into self-driving cars could spur its rivals to make similar investments, industry experts said.The technology has shown great promise already for use in agricultural, mining, or construction vehicles that operate in circumscribed areas off roads where they interact with few other vehicles or people and can go at slow speeds, the experts said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside the path to Dun & Bradstreet's $1.7 billion IPO - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Check out our article of a SoftBank company IPO tomorrow
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside Montenegro's Aman Sveti Stefan, where the rich vacation - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. For each virus headline, two more virus headlines grow. COVID19 is like the mythical monster Hydra. i stayed here back in 2018, it is amazing and worth every penny!!! 🥰🥰
Source: BusinessInsider - 🏆 729. / 51 Read more »
Amazon CEO Jeff Bezos' net worth reportedly reaches $171.6 billion - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Then he can afford more to his employees 'YOU FOOLISH PAWN'S' -GREED Breakup amazon
Source: BusinessInsider - 🏆 729. / 51 Read more »
Palmer Luckey's military contracting startup Anduril is now worth $1.9 billion - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. ...and all employees wear a polo with a little Pepe' on the breast
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside the path to Dun & Bradstreet's $1.7 billion IPO - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Check out our article of a SoftBank company IPO tomorrow
Source: BusinessInsider - 🏆 729. / 51 Read more »