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'It's a scam': Even after $100 billion, self-driving cars are going nowhere
Detractors including an industry pioneer are getting louder as the losses get bigger
https://www.autoblog.com/2022/10/08/autonomous-cars-slow-progress-losses-doubt/
Excerpt:
...Over the course of more than a decade, flashy demos from companies including Google, GM, Ford, Tesla, and Zoox have promised cars capable of piloting themselves through chaotic urban landscapes, on highways, and in extreme weather without any human input or oversight. The companies have suggested they’re on the verge of eliminating road fatalities, rush-hour traffic, and parking lots, and of upending the $2 trillion global automotive industry.
It all sounds great until you encounter an actual robo-taxi in the wild. Which is rare: Six years after companies started offering rides in what they’ve called autonomous cars and almost 20 years after the first self-driving demos, there are vanishingly few such vehicles on the road. And they tend to be confined to a handful of places in the Sun Belt, because they still can’t handle weather patterns trickier than Partly Cloudy. State-of-the-art robot cars also struggle with construction, animals, traffic cones, crossing guards, and what the industry calls “unprotected left turns,” which most of us would call “left turns.”
The industry says its Derek Zoolander problem applies only to lefts that require navigating oncoming traffic. (Great.) It’s devoted enormous resources to figuring out left turns, but the work continues. Earlier this year, Cruise LLC — majority-owned by General Motors Corp. — recalled all of its self-driving vehicles after one car’s inability to turn left contributed to a crash in San Francisco that injured two people. Aaron McLear, a Cruise spokesman, says the recall “does not impact or change our current on-road operations.” Cruise is planning to expand to Austin and Phoenix this year. “We’ve moved the timeline to the left for what might be the first time in AV history,” McLear says.
Cruise didn’t release the video of that accident, but there’s an entire social media genre featuring self-driving cars that become hopelessly confused. When the results are less serious, they can be funny as hell. In one example, a Waymo car gets so flummoxed by a traffic cone that it drives away from the technician sent out to rescue it. In another, an entire fleet of modified Chevrolet Bolts show up at an intersection and simply stop, blocking traffic with a whiff of Maximum Overdrive. In a third, a Tesla drives, at very slow speed, straight into the tail of a private jet.
This, it seems, is the best the field can do after investors have bet something like $100 billion, according to a McKinsey & Co. report. While the industry’s biggest names continue to project optimism, the emerging consensus is that the world of robo-taxis isn’t just around the next unprotected left — that we might have to wait decades longer, or an eternity.
“It’s a scam,” says George Hotz, whose company Comma.ai Inc. makes a driver-assistance system similar to Tesla Inc.’s Autopilot. “These companies have squandered tens of billions of dollars.” In 2018 analysts put the market value of Waymo LLC, then a subsidiary of Alphabet Inc., at $175 billion. Its most recent funding round gave the company an estimated valuation of $30 billion, roughly the same as Cruise. Aurora Innovation Inc., a startup co-founded by Chris Urmson, Google’s former autonomous-vehicle chief, has lost more than 85% since last year and is now worth less than $3 billion. This September a leaked memo from Urmson summed up Aurora’s cash-flow struggles and suggested it might have to sell out to a larger company. Many of the industry’s most promising efforts have met the same fate in recent years, including Drive.ai, Voyage, Zoox, and Uber’s self-driving division. “Long term, I think we will have autonomous vehicles that you and I can buy,” says Mike Ramsey, an analyst at market researcher Gartner Inc. “But we’re going to be old.”...
Detractors including an industry pioneer are getting louder as the losses get bigger
https://www.autoblog.com/2022/10/08/autonomous-cars-slow-progress-losses-doubt/
Excerpt:
...Over the course of more than a decade, flashy demos from companies including Google, GM, Ford, Tesla, and Zoox have promised cars capable of piloting themselves through chaotic urban landscapes, on highways, and in extreme weather without any human input or oversight. The companies have suggested they’re on the verge of eliminating road fatalities, rush-hour traffic, and parking lots, and of upending the $2 trillion global automotive industry.
It all sounds great until you encounter an actual robo-taxi in the wild. Which is rare: Six years after companies started offering rides in what they’ve called autonomous cars and almost 20 years after the first self-driving demos, there are vanishingly few such vehicles on the road. And they tend to be confined to a handful of places in the Sun Belt, because they still can’t handle weather patterns trickier than Partly Cloudy. State-of-the-art robot cars also struggle with construction, animals, traffic cones, crossing guards, and what the industry calls “unprotected left turns,” which most of us would call “left turns.”
The industry says its Derek Zoolander problem applies only to lefts that require navigating oncoming traffic. (Great.) It’s devoted enormous resources to figuring out left turns, but the work continues. Earlier this year, Cruise LLC — majority-owned by General Motors Corp. — recalled all of its self-driving vehicles after one car’s inability to turn left contributed to a crash in San Francisco that injured two people. Aaron McLear, a Cruise spokesman, says the recall “does not impact or change our current on-road operations.” Cruise is planning to expand to Austin and Phoenix this year. “We’ve moved the timeline to the left for what might be the first time in AV history,” McLear says.
Cruise didn’t release the video of that accident, but there’s an entire social media genre featuring self-driving cars that become hopelessly confused. When the results are less serious, they can be funny as hell. In one example, a Waymo car gets so flummoxed by a traffic cone that it drives away from the technician sent out to rescue it. In another, an entire fleet of modified Chevrolet Bolts show up at an intersection and simply stop, blocking traffic with a whiff of Maximum Overdrive. In a third, a Tesla drives, at very slow speed, straight into the tail of a private jet.
This, it seems, is the best the field can do after investors have bet something like $100 billion, according to a McKinsey & Co. report. While the industry’s biggest names continue to project optimism, the emerging consensus is that the world of robo-taxis isn’t just around the next unprotected left — that we might have to wait decades longer, or an eternity.
“It’s a scam,” says George Hotz, whose company Comma.ai Inc. makes a driver-assistance system similar to Tesla Inc.’s Autopilot. “These companies have squandered tens of billions of dollars.” In 2018 analysts put the market value of Waymo LLC, then a subsidiary of Alphabet Inc., at $175 billion. Its most recent funding round gave the company an estimated valuation of $30 billion, roughly the same as Cruise. Aurora Innovation Inc., a startup co-founded by Chris Urmson, Google’s former autonomous-vehicle chief, has lost more than 85% since last year and is now worth less than $3 billion. This September a leaked memo from Urmson summed up Aurora’s cash-flow struggles and suggested it might have to sell out to a larger company. Many of the industry’s most promising efforts have met the same fate in recent years, including Drive.ai, Voyage, Zoox, and Uber’s self-driving division. “Long term, I think we will have autonomous vehicles that you and I can buy,” says Mike Ramsey, an analyst at market researcher Gartner Inc. “But we’re going to be old.”...
