By Mark Mitchell, Head of Research, Covenant Venture Capital
With the rapid advancement in automobile and cellular technology, we are approaching an age where the human decision making element in driving can be eliminated or reduced to make incremental improvements to automobile safety. Indeed, cellular technology and AI will be critical for autonomous driving as the near real time response capabilities allow for lidar, GPS, and other high latency technologies to be redundancies versus primary proximity systems.
Some of the technologies that are needed to make self-driving cars a reality include:
Remember, Level 5 autonomous driving means that the vehicle can drive itself in any situation and environment, without any human intervention or supervision. This is the ultimate goal of self-driving technology, but it is also the most challenging to achieve for a number of reasons.
Some of the critical technological gaps that prevent level 5 autonomous driving are:
What other companies besides Spoke are worth watching in this space and are at the cutting edge of autonomous driving? Well, there is no definitive answer to which company is the front runner in the development of self-driving cars as there is no universal criteria or metric to rank them (short of achieving Level 5 first). Some companies that are often mentioned, or are synonymous with autonomous driving include:
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