Mobility (Industry)

This section discusses the mobility in Industry

2 minute read

Overview

Industry being transformed by a) Autonomy (AI) and b) Electric power
Established Organizations can’t change
- General Motors (employees: 225,000 in 2016 to around 180,000 in 2018) finds it hard to compete with Tesla (42000 employees)
- Market value GM was half the market value of Tesla at the start of 2020 but is now just 11% October 2020
- GM purchased Cruise to compete
- Funding and then buying startups is an important “transformation” strategy
Autonomy needs Sensors Computers Algorithms and Software
- Also experience (training data)
- Algorithms main bottleneck; others will automatically improve although lots of interesting work in new sensors, computers and software
- Over the last 3 years, electrical power has gone from interesting to “bound to happen”; Tesla’s happy customers probably contribute to this
- Batteries and Charging stations needed