Millionaire Investor Says Second Boom in AI Begins Now

Louis Navellier has been ahead of the AI market at every turn. He picked Nvidia way back in May 2019. It's up 2,011% since. He made 372% on Cadence Design and 1,810% on Super Microcomputer.

America Just Hit a Grim Milestone

Tractor-trailers with no one aboard? The future is near for self-driving trucks on US roads

TOM KRISHER
April 29, 2024

PITTSBURGH (AP) -- On a three-lane test track along the Monongahela River, an 18-wheel tractor-trailer rounded a curve. No one was on board.

A quarter-mile ahead, the truck's sensors spotted a trash can blocking one lane and a tire in another. In less than a second, it signaled, moved into the unobstructed lane and rumbled past the obstacles.

The self-driving semi, outfitted with 25 laser, radar and camera sensors, is owned by Pittsburgh-based Aurora Innovation Inc. Late this year, Aurora plans to start hauling freight on Interstate 45 between the Dallas and Houston areas with 20 driverless trucks.

Within three or four years, Aurora and its competitors expect to put thousands self-driving trucks on America's public freeways. The goal is for the trucks, which can run nearly around the clock without breaks, to speed the flow of goods, accelerating delivery times.

The image of a fully loaded, 80,000-pound driverless truck on a super-highway at 65 mph or more may strike a note of terror. A January poll by AAA found that a majority of Americans -- 66% -- said they would fear riding in an autonomous vehicle.

But in less than nine months, trucks with Aurora's systems will start carrying loads between terminals for FedEx, Uber Freight, Werner and others. Aurora and most rivals plan to start running freight routes in Texas, where snow and ice are generally rare.

For years, it seemed as though the initial venture for autonomous vehicles would be ride hailing in large cities. But General Motors' Cruise robotaxi unit is struggling in the aftermath of a serious crash. And Alphabet's Waymo faces opposition to expanding its autonomous ride service in California. So self-driving trucks are poised to become the first computer-controlled vehicles deployed in widespread numbers on public roads.

However, safety advocates warn that with almost no federal regulation, it will be mainly up to the companies to decide when the semis are safe enough to operate without humans on board.

Aurora and other companies argue that years of testing show their trucks will be safer than human-driven ones. They note that the vehicles' laser and radar sensors can "see" farther than human eyes. The trucks never tire, get distracted or become impaired by alcohol or drugs.

"We want to be out there with thousands or tens of thousands of trucks on the road," said Chris Urmson, Aurora's CEO. "And to do that, we have to be safe. It's the only way that the public will accept it. Frankly, it's the only way our customers will accept it."

Phil Koopman, a Carnegie Mellon University professor who studies vehicle automation, agreed that self-driving trucks can theoretically be safer. But he cautioned that the vehicles' computers inevitably will make errors. And just how the trucks fare on real roads, he said, depends on the quality of their safety engineering.

With billions of dollars in investments at stake, Koopman said, he wonders how the companies will balance safety decisions.

"Everything I see indicates they're trying to do the right thing," he said. "But the devil is in the details."

On the test track, reporters saw Aurora's semis avoid simulations of road obstacles, including pedestrians, a blown tire, even a horse. The trucks spotted obstacles more than a quarter-mile away and avoided them.

But they were running at only 35 mph (56 kilometers per hour) in a controlled environment. (The trucks are being tested with human safety drivers on Texas freeways, at higher speeds.)

Since 2021, Aurora trucks have autonomously hauled freight over 1 million miles on public highways with human safety drivers on board. There have been only three crashes, Urmson said, all caused by mistakes by human drivers in other vehicles.

A federal database that started in June 2021 shows at least 13 crashes with other vehicles involving autonomous semis, including three involving Aurora. In all cases, the crashes were caused by other vehicles.

Last month, Urmson said the publicly held company expects to turn a profit by late 2027 or early 2028. To do so, Aurora must deploy thousands of trucks, hauling freight and collecting a per-mile charge from customers.

Aurora, Urmson said, won't compromise safety, even if doing so might delay turning a profit.

"If we put a vehicle on the road that isn't sufficiently safe -- that we aren't confident in the safety of -- then it kills everything else," he said.

The company's competitors -- Plus.ai, Gatik, Kodiak Robotics and others -- also plan soon to put driverless trucks on the roads hauling freight for customers. Gatik expects it this year or next; the others haven't set timetables.

Don Burnette, CEO of Kodiak, said freeways are a better environment for autonomous vehicles than cities where ride-hailing robotaxis have been running. There are fewer pedestrians, and fewer unexpected things happen.

At a Buc-ee's mega convenience store along I-45 south of Dallas, the prospect of driverless semis struck a note of fear.

"It sounds like a disaster waiting to happen," said Kent Franz, a high school basketball coach in Chandler, Oklahoma. "I've heard of the driverless cars -- Tesla, what have you -- and the accidents they've been having. Eighteen-wheelers? Something that heavy, relying on technology that has proven it can be faulty? Doesn't sound very comfortable to me."

No federal regulations specifically cover autonomous vehicles, Koopman of Carnegie Mellon noted. And most states have none. As a result, he said, the public must trust the companies.

Federal agencies lack authority to stop autonomous vehicles from going on the roads. If something goes wrong, though, they can require recalls or order trucks out of service.

The companies say they can help address a truck driver shortage, estimated by the trucking industry to be 64,000 drivers. Yet there also are worries that autonomous trucks eventually will supplant human drivers and cost them their livelihoods.

Aurora's Urmson said he thinks driverless semis will complement the work already done by human drivers.

"If you're driving a truck today," he said, "my expectation is you're going to be able to retire driving a truck."

____

AP Business Writer David Koenig contributed to this report from Dallas and AP Data Journalist Aaron Kessler from Washington.

Continue Reading...

Popular

Top 3 Materials Stocks You May Want To Dump In May

Three stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

As Melinda French Gates leaves the Gates Foundation, many hope she'll double down on gender equity

NEW YORK (AP) — Melinda French Gates is already one of the biggest philanthropic supporters of gender equity in the United States and is now poised to put another $12.5 billion toward intractable problems like closing the gender pay gap and increasing women's political participation, her grantees hope.

Central Banks Buying Gold in Record Numbers - Ad

Most folks have completely missed the fact that the world's Central Banks have been quietly gobbling up as much gold as they can... Stacking it in their locked vaults on pallets in record numbers. Find out why right here (and see what you can do to get in too with just a few dollars).

What's Going On With Palantir Technologies Stock Today?

Last week, Palantir Technologies reported strong Q1 results, beating revenue estimates and delivering six straight quarters of GAAP profitability. It also raised its full-year guidance and aims to be the dominant AI infrastructure in the market.

A.I. Pioneer Warns: "I thought we had more time..." - Ad

A radical new A.I. development is about to blindside millions of Americans. This early A.I. pioneer just issued an urgent warning explaining everything.

GameStop, AMC, Alibaba, Rivian, Tesla: Why These 5 Stocks Are On Investors' Radars Today

The major U.S. indices had a mixed performance on Monday. The Dow Jones Industrial Average fell by 0.2% to close at 39,431.51.

America's "Least Woke" CEO Has a Different Idea for Your Money - Ad

Porter Stansberry might be the "least woke" CEO in America. And today he says, "There's a new form of money in America, making some people (including Elon Musk, Jeff Bezos, and Tim Cook), rich." It has nothing to do with gold or bitcoin, but it's 100% legal. The problem? Few Americans have a real understanding of how it works.

Southwest Airlines is considering changes to its quirky boarding and seating practices

DALLAS (AP) — Southwest Airlines is studying changes to its quirky boarding and seating policies as it searches for ways to .

Bill Gates Shares Heartwarming Scuba Diving Photo With Daughter On Her 28th Birthday: 'I'm In Awe Of How You Dive Headfirst Into Everything.'

Bill Gates and Melinda French Gates each shared heartfelt social media posts to celebrate their daughter Jennifer's 28th birthday, highlighting her achievements as a mother, medical student, and equestrian.

Shhh! This Is One Great Coin... - Ad

Shhh! I truly believe this crypto could be one of the top earning cryptos of all time... In fact, in the coming bull run... this one coin could have the potential to bank 10x... 50x... and even 100x.

Here's How Much A Super Bowl LIX Commercial Will Cost, How Fox Corporation Stock Could Benefit

Super Bowl LIX is months away, but it's already time to talk about the commercials with a high price tag already reported.

Biden hiking tariffs on Chinese EVs, solar cells, steel, aluminum — adding to tensions with Beijing

WASHINGTON (AP) — The Biden administration announced on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment — an election-year move that's likely to increase friction between the world's two largest economies.

Stock Alert: "Red Flag" Warning - Ad

The Wall Street legend who called the 2020 tech crash just issued a jarring warning about the AI market.

Trump Meets With DeSantis, Noem Stirs Up Controversy: How Will Republican Vice President Betting Odds Be Impacted?

The relationship between Donald Trump and Ron DeSantis was heated at times during the Republican primary season, before the Florida governor dropped out of the 2024 presidential election and threw his support behind the

Shopify Prepares To Report Q1 Earnings: Charts Indicate Bullish Reversal, Analysts Predict Downside

Shopify (SHOP) will report Q1 earnings on Wednesday. Technical indicators suggest a bullish trend, while analysts foresee a downside potential of -17.70%.

Jeff Bezos' and Elon Musk's Feud Just Went Nuclear - Ad

Since Jeff Bezos and Elon Musk first met in 2004 -- they've been involved in a bitter feud... from rockets, to electric vehicles to who's the world richest person...for going on two decades these two have been at each others throats... But what happened on December 31st 2021 just took this rivalry to a new level and humiliated Elon Musk.

Amid Latest Indictments, Former Trump Aide Slams Ex-President Over Treatment Of 'Bodies Around Him': 'He Takes Out Everybody Who Is Loyal To Him'

Cassidy Hutchinson, a former aide to Donald Trump, publicly expressed her disapproval of the ex-president following the recent indictments of his associates in the Arizona fake electors scheme.

Elon Musk Shares Who He'd Want To Spend His Last Moments With In Response To Warren Buffett's Advice

Over the weekend, Elon Musk agreed with a sentiment shared by investment titan Warren Buffett about the importance of spending time with loved ones, despite their contrasting investment philosophies. 

Defi Coin Triggers All "Buy" Signals and Could Break Out Soon - Ad

Some are calling this the most promising DeFi project since Ethereum itself. Here's the #1 DeFi Coin Set to Soar. While Bitcoin grabs headlines, this lesser known DeFi coin is quietly gearing up for a monster rally. Experts say now is the time to buy before it reaches escape velocity.

Hedge Fund Legend Druckenmiller Shares His Top Secrets For 30% Returns

Legendary hedge fund manager Stanley Druckenmiller made right bets at the right time. He came to fame for earning Soros $10B overnight. Successful hedge fund, Duquesne Capital, boasts $10B fortune.

Jim Cramer Advises Investors To Stick With Good Companies Despite Short-Term Losses: 'You Just Need To Figure Out Which Companies Deserve Your Confidence'

Cramer, a prominent figure in the finance world, suggested that investors should not emulate the trading habits of large hedge funds. Instead, he recommended a long-term investment strategy, emphasizing the need to anticipate and endure market declines.

The Man Who Bought Bitcoin at $5 Reveals His Next Tiny Crypto Gem for 2024 - Ad

Early Bitcoin Millionaire Charlie Shrem just revealed his five little-known crypto coins that he believes could create generational wealth over the next 12 months. What's more, some of these tiny cryptos he's discovered trade for less than $1!

TotalEnergies Trades Mature Assets for Growth In Low-Emission Congolese Oil Field

TotalEnergies SE has signed a deal with Trident Energy for purchase and sale transactions in Congo, increasing its stake in the Moho license and selling its interests in the Nkossa and Nsoko II licenses.

Seattle Times publisher Frank Blethen to step down after 4 decades in charge of family-owned paper

SEATTLE (AP) — Seattle Times publisher and CEO Frank Blethen has announced he will step down at the end of next year after four decades leading the newspaper his family has owned since 1896.

Prescient CEO Makes Shocking New Prediction - Ad

Known for his eerily accurate market calls over the years, this CEO has just revealed his newest prediction about "America's New Money." Get the details before it's taken offline.

California is testing new generative AI tools. Here's what to know

SACRAMENTO, Calif. (AP) — Generative artificial intelligence tools will soon be used by California's government.

Lilly rides Mounjaro, Zepbound to better-than-expected 1Q profit despite supply issues

Rapidly climbing sales of the and its counterpart for diabetes, Mounjaro, pushed Eli Lilly to a better-than-expected first-quarter profit.

Forget AI...THIS Is Way Bigger - Ad

While the world has been obsessed with AI and ChatGPT... Jeff Bezos has quietly gone all in on a technology that's going to prove to be FAR bigger. If you've never heard of "QaaS" technology you need to

Cathie Wood's Ark Invest Buys $18M In Shopify Stock Amid Price Dip, Sells Shares In Bitcoin Bull Jack Dorsey's Block Inc

On Monday, Cathie Wood’s Ark Invest made some significant trades, the most notable being the purchase of Shopify Inc (NYSE:SHOP) shares and the sale of Block Inc (NYSE:SQ) shares.

Ten federal agencies receive 'A+' in annual scorecard measuring small business contracting goals

NEW YORK (AP) — Federal grants can be a huge boost for small businesses. And some federal agencies do better at giving grants to small businesses than others.

He Is Giving Away Bitcoin - Ad

And my special guest is willing to give you $10 in Bitcoin (BTC) if you take it seriously. Right now is a very important time to pay attention to what we are doing and what is happening.

SpaceX CEO Elon Musk Blames Boeing's Starliner Delay On 'Too Many Non-Technical Managers'

NASA awarded both Boeing and SpaceX contracts to enable to and from transportation to the ISS after retiring its space shuttle.

Nvidia Joins $1.05B Wayve Funding, Advances Automated Driving

Wayve secures $1.05 billion funding, spearheaded by Nvidia and SoftBank, to revolutionize autonomous driving. CEO Alex Kendall's strategy prioritizes adaptable AI, setting the stage for Wayve's expansion and profitability.

Must-See: Elon's New Invention is Absolutely Insane - Ad

When you click here and see what Elon Musk's new invention does... And how it works... You will NOT believe it. You'll tell yourself this is just science fiction. But Elon just tested this in a real human... And the result was mind-blowing.

'Dogecoin Killer' Shiba Inu Burn Rate Spikes 800%, Crypto Market Rallies As Sentiment Soars And More: This Week In Cryptocurrency

The week was a rollercoaster ride for the cryptocurrency market. The crypto world was buzzing with news, from Shiba Inu’s surging burn rate to speculation of certain altcoins becoming irrelevant.

Deepfake of principal's voice is the latest case of AI being used for harm

The most recent criminal case involving artificial intelligence , where police say a principal was framed as racist by a fake recording of his voice.

This Unknown Company Solves the Biggest Issue With AI - Ad

This one tiny company's breakthrough solves THE critical issue holding back Nvidia and the whole AI chip industry. Amazon has already invested $144 million and agreed to buy at least $650 million more. One expert predicts a major announcement could come any day...

Three groups are suing New Jersey to block an offshore wind farm

LONG BEACH TOWNSHIP, N.J. (AP) — Three anti-wind power groups are suing New Jersey to overturn a key environmental approval for a wind energy farm planned off the coast of Long Beach Island.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service