While Google’s Waymo company has taken center stage for bringing self-driving cars to roads, autonomous trucking may make it to the mainstream first. Silicon Valley

Goldman: Automated T

 

rucks To Cost 300k Jobs Per YearOilprice.com ^ | 14-11-2017 | Jon

Posted on 11/14/2017, 6:11:58 PM by bananaman22

While Google’s Waymo company has taken center stage for bringing self-driving cars to roads, autonomous trucking may make it to the mainstream first.

Silicon Valley startups, technologists, and venture capitalists see great potential in the technology—even more than most traditional trucking companies are supporting.

CB Insight, which tracks venture capital, reports that companies will place about $1 billion in commercial truck autonomous systems this year, 10 times the level of spending three years ago.

Goldman Sachs economists predicted that trucking will shed about 300,000 jobs per year starting in about 25 years. That may begin sooner than anticipated if automated trucking clears government hurdles and technology innovations—and becomes widely adopted by trucking companies.

(Excerpt) Read more at oilprice.com

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