Operations

What Was The Turning Point For The Self-Driving Car Industry?

Posted on June 24, 2016

Just a few years ago, the idea of self-driving vehicles felt like a sci-fi fantasy, especially to auto executives in Detroit.

Thanks to increasingly cheap sensors, the rise of powerful machine-learning technology, and a kick in the butt from the likes of Google and Tesla Motors, driverless cars are creeping closer and closer to reality.

But a big shift came in March, when General Motors surprised the world by spending $1 billion to acquire a tiny, 40-person self-driving startup called Cruise Automation. That deal opened the floodgates.

Fortune article here

Related Topics: autonomous vehicles, business deals, driverless cars, General Motors, Google, self-driving vehicles, Tesla

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