This post Now Introducing: Autonomous Driving appeared first on Daily Reckoning.
The autonomous driving revolution is imminent.
And according to Intel, the market will be much more lucrative than previously expected — approximately $80 billion by 2025, $800 billion by 2035 and $7 trillion by 2050.
Which explains why so many high-caliber companies have jumped head first into the market.
Competing in the space right now are tech giants like Google, Intel, Tesla and Uber as well as manufacturing heavyweights like Ford, GM, Fiat Chrysler and BMW.
This is a long-term trend that is sure to create plenty of investment opportunities. Which is why I packed my bags and headed to Detroit for the 2017 Autonomous Vehicles conference!
This week, I’ll be getting the inside information straight from the heavyweights themselves.
Some of the speakers represent companies like Intel, General Motors, Ford, Hyperloop One, J.D. Power and more.
Stay tuned in the next few days to get the inside scoop on the highlights of AV17 Detroit. But for now, let’s make sure you’re “up to speed.”
One of the laggards in this space right now is Apple. But I don’t expect them to stay behind for long. Take a look at my bold prediction below and see just how I expect Apple to start competing in the soon-to-be $7 trillion market…
When Apple Buys Ford
Silicon Valley is notorious for breaking into outdated markets, streamlining efficiencies and putting the dinosaurs in the industry out of business. And they are damn good at it.
The next big frontier that the major players have their eyes set on is the autonomous car market.
That’s too bad for Detroit, right?
You would think!
But as a matter of fact, Detroit is actually LEADING the autonomous tech field, according to new research. Take a look at this infographic from Navient. Both GM and Ford are leading tech giants Alphabet (which owns Waymo), Tesla, and Uber.1
But the thing about the data is that they were released in April… Any investment opportunity has been priced into the market. However, a more recent development has caught my attention, which led me to connect some dots.
And today, I’m finally willing to come forward with my bold prediction…
Did you notice a major Silicon Valley company that is absent on the chart above?
Hint: They’ve got a cash hoard of $257 billion just waiting to be put to use, and they’ve previously experimented with a highly secretive automotive project labeled Project Titan.2
That’s right. I’m talking about Apple.
Recently, their CEO, Tim Cook, sat down for an interview on Bloomberg TV to discuss Apple’s plans in the autonomous car market.
Cook had a couple interesting comments regarding Apple’s plans:
I think there is a major disruption looming…
What we’re focusing on, or at least what we’ve talked about focusing on publicly, is we’re focusing on autonomous systems…
We see it as the mother of all AI projects…
We’ll see where it takes us. We’re not really saying from a product point of view, but we are being straightforward in saying it’s a core technology that we view …read more
Source:: Daily Reckoning feed
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