Obama thrills Silicon Valley with pledge to invest$ 4 billion in self-driving cars

Venture capitalists and Silicon Valley firms have been pouring money into autonomous vehicles for years, but there’s a new investor getting in on the action: the United States government.

The Obama administration on Thursday called for$ 4 billion of spending on self-driving cars.

The investment, which would be budgeted over a 10 -year period, will be used to “accelerate the development and adoption of safe vehicle automation through real-world pilot projects, ” according to a statement by Mark Rosekind, administrator of the National Highway Traffic Safety Administration( NHTSA ).

Transportation Secretary Anthony Foxx, in a speech at the North American International Auto Show in Detroit, promised a series of initiatives aimed at solving the considerable technological and legal challenges that could otherwise slacken the rollout and adoption of self-driving vehicles.

Now in its final year, the Obama administration is advising a longterm opinion toward federal involvement in the development of autonomous vehicles. Foxx indicated the process could take several decades while emphasizing the potential benefits of a future with roads occupied by self-driving cars.

“Automated vehicles promise to move people and goods more efficiently than we are moving them today, ” Foxx continued. “And, when automation is combined with other technologies like electric motors and innovations coming out of the sharing economy, we will be able to reduce congestion and pollution even further.”

Bryant Walker Smith, chair of theEmerging Technology Law Committeeof theTransportation Research Boardof the National Academies of Sciences, Engineering, and Medicine, compared this stage of investment in autonomous vehicles to the invention of the airplane.

“We’re all lucky that Orville and Wilbur Wright had a beach where they could fly their aircrafts. The relevant proposals is about determining that beach for the 21 st Century, ” he said. “In words of funding, it could rival European efforts.”

Smith cautioned, however, that the White House’s pledge is simply a proposal with no detailsnot a definitive investment. The nearly$ 4 billion in suggested spending will appear in the administration’s 2017 budget.

In the near word, Foxx said there are plans to have the NHTSA work with automakers and state governments to develop model laws and regulations for states to adopt. This will take place over the next six months, he said, with hopes of creating a route to a consistent national policy.

Some early steps are already in place. The U.S. Department of Transportation( DOT) has launched initiatives to learn more about the future of transportation, including connected vehicle test beds across the country and the Smart City Challenge. Likewise, the NHTSA has funded a project to develop best practices among the states with respect to automated driving.

Still, Smith called the six-month goal for policy framework “remarkably ambitious, ” and he suggested it is “both inspired and imperiled” by the impending end of the administration.

“Policy is about much more than passing a law, ” Smith said. “I’m pleased that the U.S. DOT is going to facilitate a more thoughtful approach to the regulatory topics. Some countries have been essentially praying the U.S. DOT to do this for years. But states will still play an important role in calibrating their laws, preparing their roads, and taking other measures to encourage automated driving.”

In Silicon Valley, tech companies have welcomed the pledge, which is an expansion on Obama’s statement during the State of the Union to invest in a “2 1st century transportation system.”

“Fully autonomous vehicles have the potential to save lives, ” spokesperson forGoogletold the Daily Dot, “so we welcome the secretary’s commitment to removing barriers that may prevent them from sharing the roads when they’re ready.”

Areportin December indicated Google is planning to partner with Ford to manufactureself-driving vehiclesthat would be used to develop a ridesharing service.

The statement from the search giant echoed Foxx’s on the health risks security benefits of autonomous vehicle technology, which the secretary suggested could have saved “more than 25,000 lives … in 2015 alone.”

There is some question as to just how much safer self-driving cars will be; a study by the University of Michigan Transportation Research Institute found that self-driving vehicles have a higher crash rate per million miles traveled than conventional vehicles. However, most of those accidents were were caused by human drivers slamming into the computer-controlled automobiles, suggesting people still have not adjusted yet to sharing the roads with autonomous cars.

Lyftand General Motors recentlyannounceda plan to bring autonomous vehicles to the roads of Austin, Tx. for users of the ridesharing platform.

A spokesperson ridesharing service Lyft told the Daily Dot that the company is “optimistic about the Obama administration’s plan to support the introduction of autonomous cars.”

“Safety is the top priority for Lyft and GM’s on-demand autonomous network, which will introduce self-driving autoes to the U.S ., ” the spokesman said. “We look forward to continuing to work with federal, nation, and localgovernments to shape the future of mobility.”

While ridesharing is clearly a focus of the future of transportation for many firms, consumer-focused companies are also optimistic about the government’s participation in the future of autonomous technology.

“A consistent, coordinated, and transparentregulatoryframeworkis the best way toallowtechnologyto moveforward, ” aTeslaspokesperson told the Daily Dot. “Our conversations with the Department of Transportation and California DMV have been quite positive. Theybothclearly acknowledge the safety potential ofautonomous transport and want tosupportit ina style that encourages its appropriate growth and introduction into the market.”

H/ T The Hill | Photo via Open Grid Scheduler/ Flickr( Public Domain )

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Faraday Future might be in even bigger difficulty than we supposed

Can the automaker deliver in the midst of disagreement ?
Image: Lance Ulanoff/ mashable

At CES 2017, Faraday Futurewas one of the biggest draws.

The upstart automaker devoted the first buzzy( if not a bit nauseating) presentation of the demonstrate when it unveiled the FF 91, complete with a record violating 0 to 60 mph acceleration down a test track.

It was an exciting moment up until the event, the public had never seen anything close to a working production vehicle. While the autonomous system reached a few snags during its own demo, this was the first proof the automaker might be able to fulfill its initial promise to challenge Tesla’s reign as the preeminent name in the all-electric car space.

But if a report published today by Business Insider must therefore be believed, it was all a charade “ve been meaning to” distract from the company’s impending implosion. Representatives for Faraday Future and its partner/ backer LeEco, the Chinese electronics company, called the report “speculation” and dedicated no further comment.

According to the report, which quotes eight “executives” said to have intimate knowledge of Faraday Future’s business, the company is apparently “in shamblings, ” being abandoned by executive-level the workers and facing a shortage of cash in the face of mounting debts.

Faraday’s executive and fiscal woes aren’t exactly news but the scope of the company’s problems, especially after the FF91 debut, could be.

BI claims that many of Faraday’s issues stem from the disconnect between Chinese investor Jia Yueting’s LeEco team and its US-based executives. According to one of the sources, the style the automaker is being treated by Yueting induces it more of “a subsidiary” than a standalone priority.

The one surefire route the company could stay afloat “wouldve been” success of the its FF91 car.

“If they can’t figure out a route to get the money out of China in the next 60 days, the suppliers would basically force them into bankruptcy, ” one of the sources told BI .

The one surefire way the company could stay afloat “wouldve been” success of the its FF91 car. However, the company says it won’t ship until 2018.

One source told BI even that timeline was highly unlikely, calling the demo of the car “a bunch of bulls-.”

Still, the FF91 turned a lot of heads at CES, so and things seemed even better when Faraday announced it received more than 64, 000 preoders for the car following the show.

But the company didn’t disclose the breakdown of those reservations anyone preordering could do so without putting any fund down, although Faraday offered a “priority” sign-up that required a $5,000 deposit. Faraday has not disclosed how many priority orders it received, but research reports claims that real number is comically low: Merely 60 people submitted a paid reservation.

When reached for comment by Mashable about the reservation numbers and BI ‘s other claims, a Faraday Future rep had nothing to share. “We are unable to provide specific details with regards to reservation type, ” he said via email. “The specific number mentioned in the BI article came from an anonymous source and therefore we cannot comment onspeculation.”

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