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Fasten Your Seatbelts: Google's Driverless Car Is Worth Trillions
Forbes ^ | 1/22/2013 | Chunke Mui

Posted on 01/24/2013 12:36:57 AM PST by Vince Ferrer

Much of the reporting about Google’s driverless car has mistakenly focused on its science-fiction feel. In fact, the driverless car has broad implications for society, for the economy and for individual businesses. Just in the U.S., the car puts up for grab some $2 trillion a year in revenue and even more market cap. It creates business opportunities that dwarf Google’s current search-based business and unleashes existential challenges to market leaders across numerous industries, including car makers, auto insurers, energy companies and others that share in car-related revenue.

(Excerpt) Read more at forbes.com ...


TOPICS: Business/Economy; News/Current Events
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Also, here is Robotic cars and Employment

The employment picture is far more than just getting rid of driver jobs. There are many secondary jobs which will drastically change, or even be eliminated. For example, do we need all the small town hotels and rest stops when we can sleep in our car as it drives across the country?

1 posted on 01/24/2013 12:37:03 AM PST by Vince Ferrer
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To: Vince Ferrer

I don see this ever happening...the possibility of lawsuits from software or hardware crashes resulting in car crashes, property damage and deaths will never let this industry get off the ground


2 posted on 01/24/2013 12:46:00 AM PST by neverbluffer
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To: Vince Ferrer
Chunke Mui? Is that Pawn Stars' cast member ChumLee's brother or a new flavor from the hippies at Ben & Jerry's Ice Cream?
3 posted on 01/24/2013 12:50:47 AM PST by 2ndDivisionVet (I'll raise $2million for Sarah Palin's presidential run. What'll you do?)
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To: Vince Ferrer

I don’t think you will get that much sleep as the car veers trying to avoid hitting deer running across the road, or tore up tractor trailer tires bouncing and flying towards the car, or just thinking about the possibility.


4 posted on 01/24/2013 12:54:50 AM PST by piasa (Attitude adjustments offered here free of charge)
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To: piasa

Considering that the car would have sensors, it could probably do a better job of avoiding the deer than you. I’d be more concerned about adverse road condittions, than anything else.

http://www.youtube.com/watch?v=AExusyOAD5s


5 posted on 01/24/2013 12:59:41 AM PST by Jonty30 (What Islam and secularism have in common is that they are both death cults.)
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To: All

What’s the point for a car to ride alone? Unless you can teach it to shop for you? I know I know I must be getting old but I sure don’t see why a car would just go around alone..hilarious.Can someone enlighten me please?


6 posted on 01/24/2013 1:12:52 AM PST by American Dream 246 (Open your eyes. Freedom is not a one day fight. Enemies of Freedom are legion.)
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To: neverbluffer
I don see this ever happening...the possibility of lawsuits from software or hardware crashes resulting in car crashes, property damage and deaths will never let this industry get off the ground

It'll happen. And sooner than you think.

The folks at google have undoubtedly thought of all of the potential gotchas, legal and otherwise. Production cars will probably contain redundant systems that will push reliability off the charts.

7 posted on 01/24/2013 1:16:58 AM PST by Jeff Winston
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To: American Dream 246

You can still be in the car, you just won’t be driving it.


8 posted on 01/24/2013 1:17:37 AM PST by Vince Ferrer
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To: Vince Ferrer; American Dream 246

Or more accurately, you won’t have to drive it if you don’t want to. Atleast in the beginning.


9 posted on 01/24/2013 1:18:59 AM PST by MetaThought
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To: MetaThought

And commercial vehicles, like trucks, don’t need drivers at all to haul cargo. Or busdrivers, or taxis.


10 posted on 01/24/2013 1:21:01 AM PST by Vince Ferrer
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To: Vince Ferrer

And then there will places you can’t go. Where you go will be recorded. Limits on the distance you can travel in a day

California will pass a law that nobody can leave the state unless they’ve paid their taxes a year in advance


11 posted on 01/24/2013 1:24:41 AM PST by Fai Mao
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To: Jeff Winston

I think it would need it’s own roads.


12 posted on 01/24/2013 1:35:58 AM PST by MNDude
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To: American Dream 246

This is Google. If you tell the car to, say, go to the library, it will automatically stop at places that paid their fees and at places it thinks you want. It will drive you by the right billboards, and log all the places you go, in case its “needed” someday.


13 posted on 01/24/2013 1:59:11 AM PST by ReaganGeneration2
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To: neverbluffer
Several states have already authorized their use on public roadways.

Legislatures can tackle the software defect problem ~ but remember how far the Democrats got with trying to scare us about 'a million lines of code'? Sorry ~ we are too sophisticated to worry that much about code ~ these systems will all have substantial redundancy.

Just give me a reliable targeting algorithm, some radar and infrared, an updated travel~pak and I'll be out there driving blind in no time.

The only problem I can see is the transition period where we have a mix of automated vehicles and those with nothing but a human being behind the wheel.

14 posted on 01/24/2013 2:17:23 AM PST by muawiyah
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To: American Dream 246
uh, to pick up the kids at school; to stop by Target to pick up that rocklatordouousboufous you bought over the net; to pick you up at the neighborhood bistro; etc.

Your car becomes your robotic servant!

I am old enough to remember how xerox machines were supposed to relieve office support staff of the tedium of cutting stencils ~ and, besides they were much faster, and made far more efficient use of paper. Then somebody hooked the xerox machines up to the telephones and we were swamped by messages ~ and that was relieved only through the development of e-mail, and you all know where that went.

This technology will make travel more efficient, but it will also eliminate public transit, trains, and airplanes within 200 miles. Driving age restrictions will disappear and kids will swarm all over the highways. Blind people ~ among the first to be attracted to this new technology, will be showing up where they've simply not been common in the past ~ in your grocery store just to buy a loaf of bread!

Dr. Who, Star Wars, and a whole genre of Japanese sci-fi cartoons have played off that angle and shown us what a globe girdling traffic jam of automated flying cars would be like!

15 posted on 01/24/2013 2:27:27 AM PST by muawiyah
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To: Jonty30

your car could be in communication with vehicles ahead gaining information about local road conditions ~ spot ice, water puddles, dead pedestrians in the roadway rather than in the median where they belong ~ in very short order the fully equipped stand alone models will become networked!


16 posted on 01/24/2013 2:30:49 AM PST by muawiyah
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To: Vince Ferrer
Friend of mine bought a dump truck years ago. Turns out they are a good investment ~ but they have some downtime in winter. He bought a snow blade for his dumptruck right at the beginning of one of those periods where we have several years without significant snowfall.

He didn't exactly lose his shirt on the truck ~ it made lots of money ~ but the snow blade just sat there in the garage year after year ~ then one day he made it all back!

The advent of the automated car will mean the conversion of most automobiles from expense items into potential investment opportunities just like dumptrucks ~ for one car up to large fleets of automobiles.

There's no sense having your car sit in the drive when it could be out on the road being rented out to travelers who don't have a place to park! There's no sense in buying such a vehicle if all you have to do is rent one for immediate use.

17 posted on 01/24/2013 2:37:58 AM PST by muawiyah
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To: Vince Ferrer

Google claims it can reduce the number of cars by 90%, since “a car sits unused some 95% of the time.”

While true, this is to a very considerable extent irrelevant. By the same token, office space could be reduced by 75% simply by optimizing its usage over a week.

But nobody wants to work the off-shifts necessary to make this work.

Similarly, not very many people want to do their shopping at 3 am.


18 posted on 01/24/2013 2:38:34 AM PST by Sherman Logan
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To: Vince Ferrer
Interesting thread, but for me, driving is one of the last (almost) remaining personal expressions of unlimited freedom.

Sorry. I don't want to be driven by a computer. I have enough computers in my cars already. Keep your i-cars, and no, I'm not renting out mine.

I'm an American, I love cars, and I like to drive.
19 posted on 01/24/2013 2:50:44 AM PST by golux
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To: Vince Ferrer

Paranoia= ON

Driverless robotic car? Hmmm... Great idea until the Local/state Police or DHS decide that they want to talk to you.

Dispatcher/monitor: Mr. X has gotten into a vehicle at 23rd and Elm.

Shift Supervisor: Do you have the Number for that vehicle?

Dispatcher/monitor: Yes Sir we do.

Shift Supervisor: Excellent! Procedure 7 then, bring him in.

Paranoia=Off

It seems to me that sometimes these great ideas and inventions have very bad “Unintended Consequences” pre-loaded into them.


20 posted on 01/24/2013 2:57:33 AM PST by The Working Man
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