The Evolution of Autonomous Vehicles: From Overhyped Predictions to Practical Reality
By
simonebrunozzi
Hand-rolled, kettle-boiled, baked to perfection. Worth every minute at the bakery.
Summary
The article examines the evolution of autonomous vehicle technology, contrasting early hype with current reality. It discusses how autonomous vehicles were overhyped in the mid-2010s with predictions of rapid full autonomy, but have since progressed more gradually. The author reflects on their experience in venture capital starting in 2017 when AVs were a hot investment theme, driven by optimistic claims from figures like Elon Musk. The piece analyzes the current state of autonomy, suggesting that while progress has been slower than predicted, the technology is now becoming more real and practical, with a focus on how autonomy favors electric vehicles.
Key quotes
· 5 pulledWe tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run.
Back in 2017, when I started working in venture capital, AVs were one of the hottest themes in 'tech'.
Perhaps this had something to do with Elon Musk proclaiming in December 2015 that Tesla would deliver 'full autonomy' within two years.
Musk has earned himself a reputation for repeatedly jumping the gun on this topic.
This frenzy was also fueled by Uber, which was flying high
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