Big Tech’s Auto Dreams Are Stuck in the Slow Lane
Article summary
This is the final column in a four-part Heard on the Street series on how “smart” vehicles will affect the automotive, tech and insurance industries. Chip giant Intel made its second largest acquisition ever with Mobileye for $15.3 billion in early 2017, while rival Nvidia was building powerful chips designed to become the central brains of autonomous vehicles. […] Google is still at it, with its Waymo car venture now offering a highly limited taxi service in Phoenix. […] The company’s most recent quarterly filing said Other Bets revenue is still derived primarily from its broadband service once known as Google Fiber and licensing from its Verily Life Sciences venture. […] Revenue for the unit, which makes computer-vision and driver-assistance technology , rose only 6% for the trailing 12-month period ended in September, lagging Intel’s overall revenue growth of 11% in that time.
