The New Focus of Technology for Alphabet Alphabet seems to have got on top of the driverless car technology and is nearing commercial launch.
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Technology, in terms of advanced trading platforms, is crucial in ensuring successful online stock trading. And technology is also important for tech stocks such as Alphabet ($GOOG, $GOOGL), Apple ($AAPL), Facebook ($FB), etc. The higher their technological levels are, the greater is the perception of their growth among investors and stock traders. That’s why it is essential to watch out for any area of technology which these stocks have mastered, and would be introducing for commercial use in the near future. Driverless Car Tech Can Be a New Growth Area for Google Driverless cars could soon become a market dominating factor for Alphabet. California is where all these driverless cars are being tested. And the California Department of Motor Vehicles (DMV) has reported that the Waymo driverless car division of Alphabet reported the lowest rate of disengagement among all the companies testing self-driving cars. This is an indication that the system is working smoothly and did not have to be shut down often. This proves that Waymo has a vital technological advantage up its sleeve. Disengagement refers to a situation where the autonomous technology has to be disengaged to allow human intervention, or the system fails totally. Waymo’s disengagement rate was a mere 0.20 per 1,000 miles of autonomous driving. In 2015 Waymo had a disengagement rate of 0.80 per 1,000 miles. Alphabet Gets a Head Start This is an indication that Alphabet could be quite close to launching this technology commercially. This low rate of disengagement was achieved largely on city and suburban streets. And let’s not forget that Google began working on driverless car technology in 2009 and more than 2 million miles have been covered since then. Starting so early gives Alphabet a significant advantage – it has been able to perfect the technology all these years and it’s had more time than the rival players, which means it is closer than the others to launching the technology commercially. Commercial Autonomous Vehicle Tech Launch Quite Near Here’s the interesting part – Alphabet’s Waymo has advanced to such an extent that its autonomous technology rivals, that also include some major global auto manufacturers, could end up becoming Waymo’s clients if they believe they cannot perfect the technology. Fiat Chrysler Automobiles ($FCAU) has already struck a deal with Waymo to create 100 driverless technology cars that will be based on Chrysler’s Pacifica Hybrid minivan. Reports also say that Alphabet is in discussions with Fiat Chrysler to develop a ride-sharing service with these minivans. Honda ($HMC) is next in line and could end up becoming Waymo’s next partner. Both the parties are already in discussion. Waymo can help Honda achieve its dreams of getting its driverless cars to the highways by 2020 andenable Honda to launch these vehicles in the market. Alphabet now has a new area of technology to extract earnings from, and it’s managed to get at the top of the driverless vehicle technology pile. Investors and stock traders need to watch this space.
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