Market Overview

A Comprehensive Report Of Google's Driverless Car Project

Share:
A Comprehensive Report Of Google's Driverless Car Project

Trip Chowdhry of Global Equities Research has been keeping a close eye on Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)'s driverless car project, which is spearheaded by Alphabet's Google unit.

Google began working on a self-driving car in 2009, with the objective of making transportation safer, easier and more enjoyable. The company noted that over 1.2 million lives are lost to traffic accidents across the world every year, and this figure could be lowered through self-driving cars.

Chowdhry noted that in addition to improving roadway safety, self-driving cars can also reduce traffic and also offer transportation alternatives to the blind, elderly and others living with a condition that would make driving impossible.

Related Link: Could We Have Flying Cars Before Driverless Ones?

Google expanded its efforts in 2011 and modified existing vehicles, including the Lexus RX450h, for highway driving. A prototype was then announced in 2014 and is now being tested on public roads across Nevada, Florida, California and Michigan.

Today, Google's self-driving car uses radar, laser and camera sensors for a 360-degree field of view that extends the length of two football fields. The car also makes use of "semantic understanding" to better understand its environment and how to handle potential dangerous situations.

In fact, Google can use data from a dangerous situation involving just one of its cars to "train" its entire fleet of how to handle similar situations.

So far, Google's self-driving cars have logged 1.8 million miles, which is the equivalent of 108 years on the road.

Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!

Posted-In: Global Equities Research Google Google Autonomous Car Google Self Driving CarAnalyst Color Top Stories Analyst Ratings Tech Best of Benzinga

 

Related Articles (GOOG + GOOGL)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
WUBADowngrades
DLTRUpgrades
ARCCDowngrades
GTYHInitiates Coverage On7.0
NKEMaintains100.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Vertex Pharmaceuticals' Phase 3 Studies Offer Ample Opportunity For Upside

How To Read And Trade An Options Alert