This Is Where the World's Richest Men Are Putting Their Money

Bill Gates, Peter Thiel, Mark Zuckerberg -- they're pouring millions into something we call Imperium technology. And you can invest in this tech alongside them starting with just $10. Bill Gates called Imperium "one of the most powerful technologies of the 21st century."

Tractor-trailers with no one aboard? The future is near for self-driving trucks on US roads

TOM KRISHER
April 29, 2024

PITTSBURGH (AP) -- On a three-lane test track along the Monongahela River, an 18-wheel tractor-trailer rounded a curve. No one was on board.

A quarter-mile ahead, the truck's sensors spotted a trash can blocking one lane and a tire in another. In less than a second, it signaled, moved into the unobstructed lane and rumbled past the obstacles.

The self-driving semi, outfitted with 25 laser, radar and camera sensors, is owned by Pittsburgh-based Aurora Innovation Inc. Late this year, Aurora plans to start hauling freight on Interstate 45 between the Dallas and Houston areas with 20 driverless trucks.

Within three or four years, Aurora and its competitors expect to put thousands self-driving trucks on America's public freeways. The goal is for the trucks, which can run nearly around the clock without breaks, to speed the flow of goods, accelerating delivery times.

The image of a fully loaded, 80,000-pound driverless truck on a super-highway at 65 mph or more may strike a note of terror. A January poll by AAA found that a majority of Americans -- 66% -- said they would fear riding in an autonomous vehicle.

But in less than nine months, trucks with Aurora's systems will start carrying loads between terminals for FedEx, Uber Freight, Werner and others. Aurora and most rivals plan to start running freight routes in Texas, where snow and ice are generally rare.

For years, it seemed as though the initial venture for autonomous vehicles would be ride hailing in large cities. But General Motors' Cruise robotaxi unit is struggling in the aftermath of a serious crash. And Alphabet's Waymo faces opposition to expanding its autonomous ride service in California. So self-driving trucks are poised to become the first computer-controlled vehicles deployed in widespread numbers on public roads.

However, safety advocates warn that with almost no federal regulation, it will be mainly up to the companies to decide when the semis are safe enough to operate without humans on board.

Aurora and other companies argue that years of testing show their trucks will be safer than human-driven ones. They note that the vehicles' laser and radar sensors can "see" farther than human eyes. The trucks never tire, get distracted or become impaired by alcohol or drugs.

"We want to be out there with thousands or tens of thousands of trucks on the road," said Chris Urmson, Aurora's CEO. "And to do that, we have to be safe. It's the only way that the public will accept it. Frankly, it's the only way our customers will accept it."

Phil Koopman, a Carnegie Mellon University professor who studies vehicle automation, agreed that self-driving trucks can theoretically be safer. But he cautioned that the vehicles' computers inevitably will make errors. And just how the trucks fare on real roads, he said, depends on the quality of their safety engineering.

With billions of dollars in investments at stake, Koopman said, he wonders how the companies will balance safety decisions.

"Everything I see indicates they're trying to do the right thing," he said. "But the devil is in the details."

On the test track, reporters saw Aurora's semis avoid simulations of road obstacles, including pedestrians, a blown tire, even a horse. The trucks spotted obstacles more than a quarter-mile away and avoided them.

But they were running at only 35 mph (56 kilometers per hour) in a controlled environment. (The trucks are being tested with human safety drivers on Texas freeways, at higher speeds.)

Since 2021, Aurora trucks have autonomously hauled freight over 1 million miles on public highways with human safety drivers on board. There have been only three crashes, Urmson said, all caused by mistakes by human drivers in other vehicles.

A federal database that started in June 2021 shows at least 13 crashes with other vehicles involving autonomous semis, including three involving Aurora. In all cases, the crashes were caused by other vehicles.

Last month, Urmson said the publicly held company expects to turn a profit by late 2027 or early 2028. To do so, Aurora must deploy thousands of trucks, hauling freight and collecting a per-mile charge from customers.

Aurora, Urmson said, won't compromise safety, even if doing so might delay turning a profit.

"If we put a vehicle on the road that isn't sufficiently safe -- that we aren't confident in the safety of -- then it kills everything else," he said.

The company's competitors -- Plus.ai, Gatik, Kodiak Robotics and others -- also plan soon to put driverless trucks on the roads hauling freight for customers. Gatik expects it this year or next; the others haven't set timetables.

Don Burnette, CEO of Kodiak, said freeways are a better environment for autonomous vehicles than cities where ride-hailing robotaxis have been running. There are fewer pedestrians, and fewer unexpected things happen.

At a Buc-ee's mega convenience store along I-45 south of Dallas, the prospect of driverless semis struck a note of fear.

"It sounds like a disaster waiting to happen," said Kent Franz, a high school basketball coach in Chandler, Oklahoma. "I've heard of the driverless cars -- Tesla, what have you -- and the accidents they've been having. Eighteen-wheelers? Something that heavy, relying on technology that has proven it can be faulty? Doesn't sound very comfortable to me."

No federal regulations specifically cover autonomous vehicles, Koopman of Carnegie Mellon noted. And most states have none. As a result, he said, the public must trust the companies.

Federal agencies lack authority to stop autonomous vehicles from going on the roads. If something goes wrong, though, they can require recalls or order trucks out of service.

The companies say they can help address a truck driver shortage, estimated by the trucking industry to be 64,000 drivers. Yet there also are worries that autonomous trucks eventually will supplant human drivers and cost them their livelihoods.

Aurora's Urmson said he thinks driverless semis will complement the work already done by human drivers.

"If you're driving a truck today," he said, "my expectation is you're going to be able to retire driving a truck."

____

AP Business Writer David Koenig contributed to this report from Dallas and AP Data Journalist Aaron Kessler from Washington.

Continue Reading...

Popular

Top 3 Materials Stocks You May Want To Dump In May

Three stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Amazon's Betting Big on This Unknown AI Company - Ad

Amazon has just made a stunning $144 million investment in one small AI company. Why? Because this under-the-radar firm holds the key to unleashing the full potential of next-gen AI... Its technology is crucial for the most advanced AI chips, including Nvidia's latest breakthrough.

As Melinda French Gates leaves the Gates Foundation, many hope she'll double down on gender equity

NEW YORK (AP) — Melinda French Gates is already one of the biggest philanthropic supporters of gender equity in the United States and is now poised to put another $12.5 billion toward intractable problems like closing the gender pay gap and increasing women's political participation, her grantees hope.

New US tariffs on Chinese electric vehicles, batteries and solar cells could raise consumer prices

WASHINGTON (AP) — New tariffs on Chinese electric vehicles and batteries, solar cells, medical equipment and other goods are . They could raise prices on certain specific items, experts say, though a broad inflationary impact is unlikely in the short term.

Buy This Next Gen Crypto Before Its Big Upgrade - Ad

Experts predict this one crypto will soar 7,200% by the end of the decade... and grow 20X bigger than bitcoin. But you must get in before it's big.

Biden Targets Chinese Imports With Huge Tariff Hikes Ahead of Election

The Biden administration unveils targeted tariffs on Chinese goods, including electric vehicles and semiconductors, to safeguard American jobs. Lael Brainard stresses the move's necessity to counter China's unfair trade practices and bolster domestic industries. With tariffs affecting $18 billion worth of imports, strategic sectors like aluminum, steel, and critical minerals are prioritized, aligning with key legislative goals.

Roaring Kitty is back and so are meme stocks, GameStop surges 40%

The man at the center of the pandemic meme stock craze returned to the social platform X for the first time in three years and sent prices of some of those stocks surging overnight.

Forget AI...THIS Is Way Bigger - Ad

While the world has been obsessed with AI and ChatGPT... Jeff Bezos has quietly gone all in on a technology that's going to prove to be FAR bigger. If you've never heard of "QaaS" technology you need to

Biden hiking tariffs on Chinese EVs, solar cells, steel, aluminum — adding to tensions with Beijing

WASHINGTON (AP) — The Biden administration announced on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment — an election-year move that's likely to increase friction between the world's two largest economies.

Elon Musk Gives One-Word Response To Joe Biden's Dig At Donald Trump At White House Correspondents' Dinner

Elon Musk reacted to President Joe Biden's recent comments at the White House correspondents' dinner with a one-word response that sparked some discussion on social media.

You Need to Know These Two Things About AI Stocks ASAP... - Ad

One of the world's most successful investors just went public with what promises to be two historic predictions. Many high-flying stocks of AI's "First Wave" are about to come crashing down, and when it does, a "Second Wave" of AI stocks will explode higher thanks to "digital twin" technology.

Millionaire Investor Says Second Boom in AI Begins Now - Ad

Louis Navellier has been ahead of the AI market at every turn. He picked Nvidia way back in May 2019. It's up 2,011% since. He made 372% on Cadence Design and 1,810% on Super Microcomputer.

OpenAI launches GPTo, improving ChatGPT's text, visual and audio capabilities

SAN FRANCISCO (AP) — OpenAI's latest update to its artificial intelligence model can mimic human cadences in its verbal responses and can even try to detect people's moods.

Curaleaf Reports Q1 2024 Revenue Of $339M, 48% Gross Margin Amid Strategic Global Expansion

Curaleaf Holdings, Inc. (OTC: CURLF), a leading international cannabis company, reported its financial results for the first quarter of 2024.

READ THIS If You Missed Out on the AI Boom - Ad

Radical new biotechnology predicted to grow 320,000% in 3 years. Nvidia's CEO calls it "the next amazing revolution." And one small company poised to dominate this revolution trades for just $10.

Czech power company CEZ reports net profit of $592 million in Q1, up by a quarter year-on-year

PRAGUE (AP) — The Czech power company CEZ said Tuesday its net profit in the first quarter of the year reached 13.6 billion Czech crowns ($592 million), 2.7 billion up compared with the same period of the previous year.

US investigating Waymo autonomous vehicles after reports of crashes or possible traffic violations

DETROIT (AP) — The U.S. government's highway safety agency has opened another investigation of automated driving systems, this time into crashes involving Waymo's self-driving vehicles.

What's the Big Thing Musk, Bezos and Tim Cook All Have in Common? - Ad

One of America's most controversial CEOs says, "A new form of money in America is making some people (including Elon Musk, Jeff Bezos, and 17 of America's 25 wealthiest individuals), rich. It has nothing to do with gold, bitcoin, or anything like that, but it's 100% legal. The problem? Few Americans have a real understanding of how it works.

Bill Gates Shares Heartwarming Scuba Diving Photo With Daughter On Her 28th Birthday: 'I'm In Awe Of How You Dive Headfirst Into Everything.'

Bill Gates and Melinda French Gates each shared heartfelt social media posts to celebrate their daughter Jennifer's 28th birthday, highlighting her achievements as a mother, medical student, and equestrian.

Cave-in leaves 3 miners missing and 11 injured at a coal mine in Poland

WARSAW, Poland (AP) — A cave-in at the Myslowice-Wesola coal mine in southern Poland early Tuesday left three miners missing and 11 hospitalized with some injuries, mining authorities said Tuesday.

Shhh! This Is One Great Coin... - Ad

Shhh! I truly believe this crypto could be one of the top earning cryptos of all time... In fact, in the coming bull run... this one coin could have the potential to bank 10x... 50x... and even 100x.

Wholesale price increases accelerated in April as inflation remains sticky

WASHINGTON (AP) — U.S. wholesale prices rose sharply last month, a sign that inflation pressures remain stubbornly high after three elevated readings in consumer prices to start the year.

Here's How Much A Super Bowl LIX Commercial Will Cost, How Fox Corporation Stock Could Benefit

Super Bowl LIX is months away, but it's already time to talk about the commercials with a high price tag already reported.

The Key to Capitalizing on the AI "Gold Rush" - Ad

The AI boom is setting off a $15.7 trillion wealth explosion. Forbes predicts it will unleash the greatest profit engine in history. But only some AI companies and their stock are worth considering. With such rapid market growth, it's crucial to distinguish companies that are fully leveraging AI and more importantly, the ones with mass adoption potential.

Elon Musk Shares Who He'd Want To Spend His Last Moments With In Response To Warren Buffett's Advice

Over the weekend, Elon Musk agreed with a sentiment shared by investment titan Warren Buffett about the importance of spending time with loved ones, despite their contrasting investment philosophies. 

Amid Latest Indictments, Former Trump Aide Slams Ex-President Over Treatment Of 'Bodies Around Him': 'He Takes Out Everybody Who Is Loyal To Him'

Cassidy Hutchinson, a former aide to Donald Trump, publicly expressed her disapproval of the ex-president following the recent indictments of his associates in the Arizona fake electors scheme.

America's Final Republican President - Ad

Louis Navellier believes Donald J. Trump could go down as America's last Republican president. But NOT for the reasons you may think... If he's right, the soul of this country will change forever...

Here are the locations that Red Lobster is closing in the US

says it is closing nearly 50 of its restaurants in the U.S. The locations span across more than 20 states — cutting back on Red Lobster’s presence in Denver, San Antonio, Indianapolis and Sacramento. Red Lobster has been struggling for some time. With lease and labor costs piling up in recent years, the chain is now considering filing for bankruptcy.

Market Warning: Don't Buy This... - Ad

Today's "bizzarro" market has one 50-year Wall Street veteran concerned. He believes most investors are about to make this huge mistake.

Top 4 Health Care Stocks Which Could Rescue Your Portfolio This Month

The most oversold stocks in the health care sector presents an opportunity to buy into undervalued companies.

Katy Perry and Rihanna didn't attend the Met Gala. But AI-generated images still fooled fans

NEW YORK (AP) — No, and didn't attend the this year. But that didn't stop AI-generated images from tricking some fans into thinking the stars made appearances on the steps of fashion's biggest night.

22 Countries Pledge To 3X Nuclear Power - Uranium Prices Soar 74% - Ad

Newswire says "Bull market continues in Uranium stocks." Who to pick? Well, exploration records show...

Huge Buy Alert: Move Fast, Musk... - Ad

Since 2018, Eric Wade's investment recommendations have averaged 115%. But one investment he just discovered in Phoenix could blow them all away. It involves Elon Musk, Bill Gates, 32 government mandates, and an AI breakthrough... Not to mention a technology that could help you earn $30,000 a year outside the stock market.

Shopify tumbles on weak outlook after a very strong start to 2024

Shopify plunged Wednesday after the Canadian company that helps retailers with online sales warned of easing revenue growth and thinner margins in the current quarter.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright markethundred.com
Privacy Policy | Terms of Service