Autonomous Vehicles: More Important Than the PC

It’s Day 2 of the Autonomous Vehicles 2019 conference here in the Motor City.

Today has been a wonderful and eye-opening experience. I’ve had the pleasure of speaking with and participating in workshops with some of the greatest minds working to advance the autonomous vehicle (AV) space.

Through these conversations and presentations, I’ve learned some very unique things about what makes the AV trend so important to the future of societies.

Trade Revelations From AV 19

Earlier today I sat in on a presentation by Patrick Wilson, director of the Office of Business Liaison for U.S. Department of Commerce.

After listening to Mr. Wilson, it became pretty clear to me…

The 800-pound gorilla in the autonomous driving space is China.

You see, China is making a lot of strides in the AV space. Honestly speaking, they’re doing good work, making advances and innovations.

But… one of the biggest needs to push driverless cars from proof-of-concept to actual production models is platform standardization.

And the type of platform Chinese software engineers develop could impact the path of AV development significantly.

The concern is that this could lead to vulnerabilities in AV software that could result in accidents and death.

According to Mr. Wilson it is imperative the Trump administration continue to work with China to develop proper safety protocols and ensure potential vulnerabilities are accounted for and eliminated well before mass production begins.

The good news, straight from U.S. Department of Commerce itself, is that Trump and his administration have made AVs one of their highest priorities in terms of new trade initiatives.

Other Takeaways From AV 19…

The autonomous-vehicles trend isn’t just about cars and trucks (or global trade)… It’s about smart cities, infrastructure, 5G, cybersecurity and more.

This means a host of actionable opportunities for us looking to invest in this space.

Some of these opportunities are tied to ideas we’ve covered previously in these pages. Take for instance the need for AVs to communicate with other AVs, or smart stop lights or other sensing equipment.

This communication needs to happen in real-time and at lightning-fast speeds — 5.96 gigahertz, to be exact.

This means we need more 5G networks to make this all work.

Additionally, we have needs for new AI systems and machine-learning protocols, new safety measures and new cybersecurity systems to ensure that these AVs cannot be hacked, and that even if they are, they cannot be attacked in the most crucial systems.

Admittedly there’s more to unpack here than I could ever hope to in a single issue. We’ll continue to delve into these ideas deeper over the next few issues.

The one thing you need to know today is that in 50 years from now, when driverless cars are the norm, we’ll look back at 2019 as the starting point for what could turn out to be the biggest technological change since the PC won Time’s Man of the Year (or as they called it that year, “Machine of the Year”) award in 1982.

The autonomous vehicle trend will be that impactful.

For Technology Profits Daily,

Sean McCloskey
Managing editor, Technology Profits Daily

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Sean McCloskey

Sean McCloskey is the managing editor of the Technology Profits Daily and Mike Burnick’s Wealth Watch e-letters. He has been with Seven Figure Publishing since 2017.

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