The Investment Potential of Self-Driving Cars: Incredible Opportunities from the Highly Disruptive Automobile Technology
March 30, 2020 (Investorideas.com Newswire) For several years we've heard all of the buzz surrounding cars that'll drive themselves. There's a good reason for all the noise - Self-driving cars could lower costs and increase transportation flexibility. They also have the potential to reduce the risk of passenger injuries.
Self Driving Cars: Currently
Self-driving technology is a combination of software and hardware that works together. The task is to automate the work of driving a vehicle fully. At the moment, cars are not fully autonomous, which means that there must be a human paying attention and ready to take over the wheel.
Self-driving systems are made of three components: computing hardware, sensors, and software. Their software is based on artificial-intelligence programming that involves complex machine learning algorithms. Some prototypes exist like Tesla's Autopilot system called 'advanced driver assist," though it's not autonomous.
It's a matter of conjecture of how big the market will be. You can take advantage of investing in key players early on, such as Tesla, Intel, and GM.
As a consumer, you can also benefit by saving on your monthly coverage costs. According to BrokerLink Car Insurance, you may be eligible for a discount if you use technology such as Driver Monitor Systems, which are sure to advance along with self-driving cars.
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