Day: October 24, 2021

What’s a self-driving car? Here’s an explanation

There are no self-driving cars on sale today. Point blank. That’s the cold-hard truth. Nothing fits the bill based on the SAE Scale of Autonomy’s standard. It’s true technology and engineering has come a very long way, but based on the SAE’s standards, we’re still very far from a proper autonomous car. We’ll dive into that below.

I largely agree with former Alphabet Chairman Eric Schmidt’s view that “it’s a bug that cars were invented before computers.” In terms of sheer technical elegance, we never should have been at the controls in the first place. 

Imagine we hadn’t yet invented automobiles. Suppose I Iaid out a vision for using 3,300 pound machines to typically transport just our 175-pound selves in a process requiring we pay rapt attention to the use of a steering wheel and pedals to navigate roads composed of asphalt, brightly colored suggestions and poorly guided machines

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Inflation Mania: 2 Growth Stocks Riding the Boom in Car Prices

Not only is inflation running hot, it’s also the hottest topic of discussion among investors.

Rising prices on goods and services are a natural part of our economic system, but if they rise too quickly, it can disrupt consumer spending and slow the economy down. The Federal Reserve typically likes the inflation rate to hover around 2% per year, but in the 12 months ended in September, it rose by 5.4%. Some economists describe the rise as transitory, meaning it’s being caused by short-term issues like supply chain disruptions from the pandemic. But there are concerns inflation might stay higher for longer.

Used car prices, for instance, have exploded 24.4% higher over the last 12 months, with new cars up a robust 8.7% over the same period. The culprit is a shortage of crucial manufacturing components like semiconductors, which is crippling the supply of new vehicles.

Here’s how Ally

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