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Self-driving cars are going to produce >$100B/year in value (probably at least $1T/year worldwide). They are going to cost a lot more than $5B to develop. Goo
by jessriedel 10y ago
Self-driving cars are going to produce >$100B/year in value (probably at least $1T/year worldwide). They are going to cost a lot more than $5B to develop. Google has >$80B of cash on hand and Apple has >$230B. Those companies would spend $5B to develop self-driving cars in a heartbeat if they could, but they can't.