The big revolution in the auto industry

The Big Revolution In the Auto Industry

Estimated Reading Time: 2 minutes

For the past few years, automotive companies have been investing billions of dollars investing in artificial intelligence. This investment is regarding two categories:

First, for the infotainment of the human-machine interface. When a driver asks his car to put one specified music but also on when the driver is tired, the auto-detects it and recommends the automobilists to take a break. Also, for example, BMW allows its driver to change the volume without touching anything. People need to make a sign in front of the screen to change a song, decrease or increase the volume.
Secondly, for Advanced Driver Assistance Systems (ADAS) as well as autonomous vehicles, which are the more significant part of the investment made.

Here are some number that shows how fast-growing is the automotive artificial intelligence market. In 2017, this market was valued at $783 million and would expect to reach $1.1 trillion by 2025. That’s an annual growth of 38.5%!

Autonomous cars work on a camera-based machine vision system. Those 360° camera follow the white line that they see on the street or highway. Unfortunately, whether you live in a developed country or an emerging country, not all roads have white lines on the ground. Where the self-driving car won’t work anymore and might instantly brake or collides into a tree or in the worst case, into another vehicle or a pedestrian.

The main problem with autonomous vehicles and assistance systems is the law. How are countries going to make new traffic laws? Who would be responsible when cars collide? How are insurance companies going to do?

I believe there would be a big summit where governments will meet and discuss on this significant issue.

I found some tech start-ups using AI to create new ways of living. For example, Autox.ai (https://www.autox.ai) is doing “Robo-Delivery” as well as “Robo-Taxi” with autonomous cars. You might also want to check Optimus Ride (https://www.optimusride.com), a company that saw its creation inside MIT. They help people commute from residential communities to office/airport using electronic and autonomous transportation.

I believe that the real challenge for automotive companies is to implement as quickly as possible AI with the best technology ever imagined in a car. As companies are racing against each other, delivering the best product, the first company who has the best-finished technology will win substantial market shares.

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