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If the Self-Driving Software Market Is $1.8B - Why Did Waymo Need $16B?
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If the Self-Driving Software Market Is $1.8B - Why Did Waymo Need $16B?
A research firm called MarketsandMarkets released a forecast this week pegging the global autonomous driving software market at $1.8 billion in 2024, growing to $7 billion by 2035. Those are the kinds of numbers that get pasted into investor decks and quoted in trade publications without much scrutiny. They are also, on their own, deeply misleading about what it actually costs to build a self-driving car. Three months ago, a single company raise…
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