FRANKFURT (Dow Jones) – Volkswagen boss Herbert Diess expects autonomous cars to be ready for the market in a few years. “I expect there will be market-ready autonomous driving cars between 2025 and 2030,” he said in an interview with Wirtschaftswoche. This is because the necessary computer chips “double their performance every 18 months”.
With the applied artificial intelligence, development is going even faster: “It can be envisaged that the systems will soon be able to cope with the complex situations surrounding autonomous driving. Tesla will come next year with a system that compares performance. The previous one has tripled.”
Diess finds the high stock market valuation of companies engaged in autonomous driving justified: “If all taxis and trucks ever drive autonomously, this naturally justifies a high valuation. Certainly in countries with high wages, for example in the US or Europe enormous savings are conceivable. ”
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(END) Dow Jones Newswires
December 6, 2020 3:40 AM ET (08:40 GMT)