schwit1 quotes Autoblog:
Up until very recently the talk in Silicon Valley was about how the tech industry was going to broom Detroit into the dustbin of history. Companies such as Apple, Google, and Uber — so the thinking went — were going to out run, out gun, and out innovate the automakers. Today that talk is starting to fade. There’s a dawning realization that maybe there’s a good reason why the traditional car companies have been around for more than a century.
Last year Apple laid off most of the engineers it hired to design its own car. Google (now Waymo) stopped talking about making its own car. And Uber, despite its sky high market valuation, is still a long, long way from ever making any money, much less making its own autonomous cars. To paraphrase Elon Musk, Silicon Valley is learning that “Making rockets is hard, but making cars is really hard.”
The article argues the big auto-makers launched “vigorous in-house autonomous programs” which became fully competitive with Silicon Valley’s efforts, and that Silicon Valley may have a larger role crunching the data that’s collected from self-driving cars. “Last year in the U.S. market alone Chevrolet collected 4,220 terabytes of data from customer’s cars… Retailers, advertisers, marketers, product planners, financial analysts, government agencies, and so many others will eagerly pay to get access to that information.”
Read more of this story at Slashdot.