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Excerpt from finimize.com
What’s going on here?
General Motors’ CEO Mary Barra threw her weight behind the push for autonomous vehicles at a Detroit Economic Club event on May 23, 2024.
What does this mean?
Barra’s endorsement comes as autonomous vehicle technology faces a critical mass of regulatory scrutiny following several high-profile accidents. Companies argue that self-driving cars, by eliminating human errors – responsible for 90% of road accidents – will ultimately be safer than traditional vehicles. These advances hinge on sophisticated AI and machine learning systems capable of mitigating human shortcomings like impairment and fatigue. Barra also underscored the competitive edge needed to confront robust global brands, especially from China, and called for governments to ensure fair competition.
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