Intel predicts a $7 trillion self-driving future
The race to be the first to deploy autonomous vehicles is on among carmakers, emerging startups, and tech giants. Amid this constant news cycle of deals and drama, the purpose of all of it can get lost — or at least a bit muddied. What exactly are these companies racing for?
A $7 trillion annual revenue stream, according to a study released Thursday by Intel. The companies that don’t prepare for self-driving risk failure or extinction, Intel says. The report also finds that over half a million lives could be saved by self-driving over just one decade.
The study, prepared by Strategy Analytics, predicts autonomous vehicles will create a massive economic opportunity that will scale from $800 billion in 2035 (the base year of the study) to...