According to Forbes' Stephen McBride, self-driving cars are here right now and will be an existential threat to the car industry. He cites Waymo as the prime example, a company that gets little to no attention due to being a subsidiary of Alphabet, yet clocking one million self-driving miles a month.
Why pay for car loans, insurance, registration, inspections, repairs, parking, oil, and gas when you can summon a safe, inexpensive driverless car to pick you up anytime you want?
Approximately 63% of Americans live in urban areas. I think it’s safe to assume at least half the folks who own cars in cities today will ditch them in the coming years.
Did you know that 2017 marked the first year that auto sales fell since the financial crisis? It’s an early sign of the unfolding disruption that will eventually shatter the auto industry.
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|“Google and Facebook figured out how to commodify 'reality' itself by tracking what people do.”|
|“Buying a new smartphone every two years is taking a toll on the planet.”|
|“New York Central trains in the Hudson River valley in 1928 and 1929”|
|“The latest warning sign for cities who are considering signing over public spaces to major tech companies.”|
|“Scientific evidence that digital distraction is damaging our minds.”|
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|“We need to make algorithms transparent, regulated, and forgiving of the flawed creatures that converse with them.”|
|"Waymo is reportedly planning to take the next step towards offering a commercial driverless car service in early December."|
|“Bias, error, and misuse of Artificial Intelligence technologies.”|
|“Forget reading the book of life—we’re now learning how to write it.”|