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Monday, January 28, 2013

Fasten Your Seatbelts: Google's Driverless Car Is Worth Trillions

Much of the reporting about Google’s driverless car has mistakenly focused on its science-fiction feel. While the car is certainly cool—just watch the video below about a 95%-blind man running errands—the gee-whiz focus suggests that it is just a high-tech dalliance by a couple of brash young multibillionaires, Google founders Larry Page and Sergey Brin.

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.

5 comments:

Anonymous said...

Awesome!

Anonymous said...

Unfortunately, blind folks don't have trillions. So, guess what. YOU pay trillions for this. We're already 2 trillion over budget now. How "cool" is that?
Nice car, nice idea, good luck in the PRIVATE INDUSTRY MARKET... no GOVERNMENT SUBSIDIES!

Anonymous said...

I feel so safe.

Anonymous said...

Speeking as a member of "Blind Pilots Association". This is a step in the right direction. I read about this car while giving a speech at "The Blind Surgeons" meeting in DC.

Anonymous said...

The awesome thing about driverless cars is that they need GPS, and your location data will be known to the government all the time. No thanks!

Looks like in 20 years or so, I'm going to be a classic car nut. lol