The market for AI in the car industry is predicted to surpass $12 billion by 2026, proving that AI Car is big business indeed. Some AI-powered features are already available in consumer vehicles, while others are still being tested and developed.
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Advancements in AI have contributed to the growth of the auto industry through the creation and evolution of such self-driving vehicles as cars, taxis, trucks, bus and bikes. Once driverless technology is fully developed, traffic collisions and accidents caused by human error, aggressive driving and other inconveniences will be substantially reduced.
The DeepBlue Panda Bus is a full-fledged luxury passenger bus equipped with artificial technologies such as self-driving capabilities. With a total length of approximately 12m, it is powered by a lithium ion phosphate battery. This next-generation bus also boasts other AI technologies, such as biometric scanners, in-vehicle robot assistants, voice recognition, smart advertisement sensors, and in-vehicle cameras all integrated into one single product.
The automotive market’s explosive interest in artificial intelligence development is being proven by the investments we see in innovative technology. Tractica estimates that the market for automotive hardware, software, and services, will climb to almost $27 billion by 2025.
A recent study has suggested by 2020, over 250 million cars will be connected with each other, and autonomous vehicles are being fitted with cameras, sensors and communication systems to enable the vehicle to generate massive amounts of data which, when applied with AI, enables the vehicle to see, hear, think and make decisions just like human drivers do.
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