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.
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