Self Driving Cars are going to be on the road pretty soon. Some say in 2020 some say in 2025. Everyone agrees it is a matter of when, not “if”
Uber, Waymo, Lift and Cruise ( GM) have all decided to make variants of the same technology and variants of the same business strategy.
A famous Billionaire decided to save instead $10-15K per produced car and has a completely different business strategy. $10-15K represent 30-40% of the car cost. It is also the 40% time to amort the initial capital equipment purchase in case you use the cars in a Business service fleet.
The Billionaire is Elon Musk, if it was not clear, and the one product decision that saves this much money is to get read off a vestigial apparatus called LIDAR.
While all the other competitors have criticized Elon Musk, recent research at the Cornell University has proven he could be right.
So Elon Musk has a product that costs 30% less to make and has gained over 1 Billion Miles experience (while all competitors are around 1 million). Who do you think has a competitive advantage in this space?
Why Elon Musk could make such an adventurous product decision?
Simple, because he is not a wishy washy high level manager. He understands the basic of AI and computer vision and understands that the $10K LIDAR is a redundant technology.
For a second imagine if you can make similar impactful decisions in your company? What will happen to your career and your income?
This the time to get dirty at understanding how to build and profit from AI products and processes, get our course today:
Do not procrastinate. The time to act is now.