Microsoft said to be thinking of sinking $10m into self-driving truck startup
Tech companies like Google, through its Waymo business, have poured billions of dollars into self-driving technology and Amazon in 2020 bought autonomous vehicle startup Zoox for more than $1.2 billion.
However, in October 2022, Argo AI – a company backed by Ford and Volkswagen – shut down after the two automotive giants decided to shift their financial resources elsewhere, such as to advanced driver assistance systems .about 2022 automotive trends, Gartner analysts noted that the expense involved with proving the effectiveness and safety as well as real-world and simulated testing is making commercialization at scale difficult.
"The very high R&D costs involved for robotaxis or Level 4 trucks hinder speed of adoption in terms of coverage, but also in delivering ROI," Jonathan Davenport, research director at Gartner, wrote."This is ironic given that one of the main advantages associated with autonomous drive is reducing operational costs of transportation."in 2019, Microsoft laid out a strategy that steered away from buying self-driving technologies or building its own cars.
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