Tesla announces self-driving chips along with a ride-sharing network of driverless cars

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Tesla Autopilot Engaged in Model X
Traffic driving with Tesla's autopilot controlling distance from the lead car and centering the vehicle in the lane. (Credits - Wikimedia Commons)

Tesla has revealed its plans of launching a cab sharing network consisting of only self-driven cars. Tesla held an ‘Autonomy Day’ for promoting the driverless system to its investors. Apart from this, they also revealed the “Full Self Driving” computer chip which is the best chip right now according to its CEO Elon Musk.

This self-driving machine has been in the discussion for years now and the company also declared that the previously named “Autopilot Hardware 3.0” is in production and it has been already installed in the Model S and X vehicles. Pete Bannon, Head of Tesla Autopilot Division said during the presentation that the hardware developed by them possesses an improvement factor of 21 in fps processing against the previous model.

The chip production is being handled by Samsung in Austin, Texas. The CEO is optimistic about Tesla that the software which will have everything needed to conquer the self-driven system will be completed by the end of this year. He also explained that this version will need a bit of attention of a driver but he says it will stop by Q2 2020. After this Tesla will start working on a fully driverless system and Musk is sure that this will be released by the end of next year. Tesla has planned to launch a Robotaxi network by providing an update to its present mobile application.

The Tesla owners can also add their cars and earn money from the app or they can choose any random Tesla car to pick or leave them in their destination. Musk studied very intensely in economics about the fully self-driven car from both the Tesla perspective and Tesla’s owner’s perspective. Now Tesla’s vehicle’s hardware is developed as per his studies and what he presumes to achieve the goal of the fully self-driven car by giving updates to the software. He also approximated that the values of the cars based on self-driven networks are of $200,000 minimum whereas Tesla is selling cars having values of the maximum range of $50,000. He also roughly calculated that these cars can be seen everywhere by the end of next year.

Musk also said that buying any self-driven cars other than Tesla can be a loss to the buyers because there will be no fully self-driven car other than this. Tesla convinced very well by giving their presentation on how fully self-driven system is more safer than normal cars. The self-driving space is getting quite competitive as companies such as Google, Uber have made decent moves already.

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