It's 'inevitable' that a self-driving car will kill someone. Here's why a VC thinks we should be investing in them anyway.

in the last six months concern Shahin Farshchi, they haven't dissuaded him about the potential for autonomy, particularly when it comes to vehicles. Farshchi's firm, Lux Capital, has made numerous bets on self-driving cars and related technologies, including in high-profile startup Zoox, and he's open to more such investments in the future.

Part of the reason why Farshchi remains optimistic about the industry is because he believes autonomous systems have the potential to revolutionize the way people get around. He expects that within about five years ride-sharing services such as Uber and Lyft will account for roughly one third of all miles traveled. Of those ride-sharing miles, about 10% by then will be driven by autonomous vehicles, he predicts. And that amount will only increase over time.

"With the problem being big enough and the thousands of people that are killed every year in the United States ... I think that motivation is large enough to get this technology out there for everyone to benefit from safer, more reliable, more available transportation," Farshchi said.Accidents such as those involving the 737 Max airplanes and the Uber car represent a tragic reality that could ultimately make the world safer and a danger, he said.

Source: Tech Daily Report (techdailyreport.net)

Human-driving cars kill everyday. What’s your point?

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Honda, Hino to join SoftBank, Toyota's self-driving car service ventureHonda Motor and Japanese truck maker Hino Motors to join SoftBank and Toyota's self-driving car service venture
Source: Reuters - 🏆 2. / 97 Read more »

Most Americans Still Afraid To Ride In Self-Driving CarsNearly three in four Americans remain afraid of self-driving vehicles, according to a new AAA survey. Of course they are... they’d rather text and drive. Duhhhhh Something like 95% of all fatalities are tied to driver error. Think a computer can't do better than THAT?! Most Americans aren’t stupid. I actually like driving my car.
Source: Forbes - 🏆 394. / 53 Read more »

Texas A.G. investigating Chick-Fil-A's exclusion at airportTexas' attorney general opens investigation into San Antonio's decision to exclude Chick-fil-A from opening airport concession facilities due to the fast-food chain owners' record on LGBT issues. - NBCOUT NBCOUT Why don’t you write an accurate headline.... it is not about LGBT, it’s discrimination against their religious beliefs!!!!! You guys are disgusting NBCOUT Bigotry on the airport part NBCOUT We should all BoycottChickFilA in support of LGBT rights!
Source: NBCNews - 🏆 10. / 86 Read more »

Texas AG investigating Chick-fil-A's exclusion at airportAUSTIN, Texas (AP) — Republican Texas Attorney General Ken Paxton says he's investigating a decision to exclude Chick-fil-A from an airport concession contract over opposition to the fast-food chain owners' record on LGBT issues. the TX attorney general can't force the public to buy their 'christian chicken.' They're not open on Sunday. What kind of airport wants to greet travelers on the weekend with a closed restaurant?
Source: YahooNews - 🏆 380. / 59 Read more »

Daimler buys Torc Robotics stake for self-driving trucksDaimler Trucks has agreed to buy a majority stake in self-driving truck software...
Source: Reuters - 🏆 2. / 97 Read more »

Wealthfront bets on 'self-driving money,' following Netflix's playbook — not Wall Street'sThe robo-advisor is betting that millennials don't want human interaction in their financial lives and modeling itself after success stories like Netflix.
Source: CNBC - 🏆 12. / 72 Read more »

One of Silicon Valley's most famous VC firms says it will no longer be a VC firm — here's whyVenture capital firm Andreessen Horowitz filed to become a registered investment advisor so that it can have more flexibility. Looks like Humpty Dumpty. 🤔 Maybe they need money
Source: CNBC - 🏆 12. / 72 Read more »

Here's Why Electric-Car Resale Values Are Rising, With Tesla Leading The SegmentHere's why electric-car resale values are rising, with Tesla leading the segment: Who is crazy enough to buy an used electric car? Cool I would love one of these
Source: Forbes - 🏆 394. / 53 Read more »