While in the first year the production of units won't be in millions, in the next several years the cost per mile in fully autonomous cars will become very cheap, Son said, speaking at a virtual meeting of the World Economic Forum. "I am investing in many companies which are utilising AI to disrupt all kinds of industries," Masa said. SoftBank Group Corp Chief Executive Masayoshi Son said on Friday he expects mass production of self-driving vehicles to start in two years. SoftBank Group Corp Chief Executive Masayoshi Son said on Friday he expects mass production of self-driving vehicles to start in two years. Son, who made his name for investing early in startups such as China's Alibaba Group (9988.HK) had said he will continue to take stakes in public companies he thinks are frontrunners in the artificial intelligence (AI) race. It has also funded the autonomous driving business of China's Didi Chuxing.Īutomakers and tech companies, including Alphabet Inc's (GOOGL.O) Waymo and Tesla Inc (TSLA.O), have been investing heavily in the autonomous driving industry. STOCKHOLM (Reuters) - SoftBank Group Corp Chief Executive Masayoshi Son said on Friday he expects mass production of self-driving vehicles to start in two years.
SoftBank has stake in self-driving car maker Cruise, which is majority owned by General Motors Co (GM.N), and has been testing self-driving cars in California. The automobile will become a real supercomputer with four wheels." While in the first year the production of units won't be in millions, in the next several years the cost per mile in fully autonomous cars will become very cheap, Son said, speaking at a virtual meeting of the World Economic Forum. Bloomberg delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News on everything. This will all no doubt be welcome news at Uber ATG, which has faced heavy criticism-if not criminal prosecution-for the death of Elaine Herzberg, who was killed in March 2018 by an autonomous Uber R&D vehicle in Tempe, Arizona.STOCKHOLM, Jan 29 (Reuters) - SoftBank Group Corp (9984.T) Chief Executive Masayoshi Son said on Friday he expects mass production of self-driving vehicles to start in two years. STOCKHOLM (Reuters) - SoftBank Group Corp Chief Executive Masayoshi Son said on Friday he expects mass production of self-driving vehicles to start in two years.
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"Among the biggest challenges facing automated driving, most lie in how to implement both the hardware and the software at scale," said Hiroyuki Wakabayashi, executive vice president at Denso. After all, it's one thing to build an R&D fleet that receives 24/7 support, it's quite another to develop the technology to the point where it's robust enough to send it off to live with the general public. 1 / 2 SoftBank's Son expects mass production of driverless cars in two years FILE PHOTO: Japan's SoftBank Group Corp Chief Executive Masayoshi Son attends a news conference in Tokyo. The involvement of Denso, a tier 1 supplier, suggests there's a greater plan in store than a small pilot deployment of self-driving Siennas. and where the interests of massive institutions, like SoftBank's Vision Fund 2 ( a. That followed an earlier investment of $300 million in 2016. Autonomous vehicles commonly use remote driving and human drivers. In August 2018, the Japanese OEM signed a $500 million deal to integrate Uber's autonomous tech into Toyota Sienna minivans, which will operate through Uber's ride-hailing network at some future date. STOCKHOLM: SoftBank Group Corp chief executive Masayoshi Son said on Friday he expects mass production of self-driving vehicles to start in two years. Further Reading Uber, Toyota sign $500M deal to put self-driving tech into Sienna minivansIt's actually not the first time Toyota has opened its wallet for Uber.
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