Motional and Zoox, key players in the autonomous vehicle industry, are pursuing different strategies toward driverless technology. The race for self-driving cars began around 2016, with numerous companies investing heavily, including Waymo, Cruise, and others. The potential market for autonomous vehicles was estimated at $1 trillion in the U.S. alone. Notably, nuTonomy, founded in 2013, aimed to deploy self-driving technology in multiple cities globally and launched the first robotaxi service in Singapore in 2016. The company was later acquired by Delphi and renamed Aptiv, eventually partnering with Lyft for autonomous rides.
In 2016, it launched a limited robotaxi service in Singapore, the first-of-its-kind in the world.
GM saw this massive addressable market. They said it would be $1 trillion in the U.S. alone.
Our goal is to deploy in many cities worldwide, not just a few.
Apple was secretly spending a billion dollars a year on its own autonomous car project.
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