According to predictions made nearly a decade ago, we should be riding around in self-driving vehicles today. It’s now clear the autonomous vehicle revolution was overhyped.
Proponents woefully underestimated the technological challenges. It turns out developing a truly driverless vehicle is hard.
The other factor driving the hype was the amount of money being invested in autonomous vehicle startups. By 2021, it was estimated more than US$100 billion in venture capital had gone into developing the technology.
