Self-driving vehicles: The UK is ready to join the global race
Live MintThe market for driverless cars has been through a reckoning. The funding mostly came from existing investors including Microsoft, Nvidia and Softbank, and it came just days before the UK also passed a comprehensive law that will let driverless cars onto British roads by 2026. The UK’s Automated Vehicles Act has a section titled, “Communications likely to confuse as to autonomous capability," which bans companies from creating confusion over whether their cars can drive themselves. This raises hope for the likes of Oxa, a driverless car spinout from Oxford University that sells self-driving software to enterprise customers like grocery delivery and mining companies and raised $140 million last year. Kendall says Tesla pivoted to this approach late last year, which allows an AI system to drive different types of vehicles, or traverse new cities that it hasn’t been driven in before.