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🙋 🚖 📈 Ride-hail is likely to create an US$11 trillion addressable market. At US$0.25 cents per mile, autonomous transportation could serve a wider population than human-driven ride-hail does today. In the meantime, based on the value that consumers place on their time, demand at higher price points could be significant. ARK Investment Management LLC Big Ideas 2024 #AI #robotics #EV #robotaxi #cybersecurity #canadiancybersecurity CANADIAN CYBERSECURITY INC.

🤖 🚗 🚌 Autonomous vehicles are safer than human-driven vehicles. In 2015, it was estimated that the rate of autonomous vehicle accidents would be ~80% lower than that associated with human drivers, reducing the ~40,000 auto-related fatalities per year in the US and the ~1.35 million globally. Current data support these original estimates. In full self driving (FSD) mode on surface streets, a Tesla appears to be ~5x safer than a Tesla in manual mode, and ~16x safer than the national average. Waymo’s autonomous cars are ~2-3x safer than the national average, while Cruise—now sidelined by regulators—seems to have underperformed the national average considerably. ARK Investment Management LLC Big Ideas 2024 #AI #robotics #EV #robotaxi #cybersecurity #canadiancybersecurity CANADIAN CYBERSECURITY INC.

👨💻 🤖 Large Language Models (LLMs) and #GenerativeAI should accelerate the progress in robotics. Trained by GPT-4 to perform robotics tasks, a neural network performed better than human expert coders on 83% of tasks, with the margin of improvement averaging 52%. LLMs enable text-based training, validation, and self-explanations, which should facilitate regulatory approval. Multimodal models can train autonomous vehicles with images and text, which could result in better performance. Generative AI can train and validate autonomous vehicle safety through simulation. ARK Investment Management LLC Big Ideas 2024 #AI #robotics #EV #robotaxi #cybersecurity #canadiancybersecurity CANADIAN CYBERSECURITY INC.

🚘 🚭 💨 Autonomous electric transport should save the approximate 10,000 US lives per year lost to vehicle emissions. Air pollution from gas-powered passenger vehicles is associated with 9,700 deaths in the US annually. According to research, autonomous electric vehicles should prevent approximate 10,000 deaths in 2030. ARK Investment Management LLC Big Ideas 2024 #AI #robotics #EV #robotaxi #cybersecurity #canadiancybersecurity CANADIAN CYBERSECURITY INC.

🙋♂️ 🤖 🚕 Autonomous ride-hail is likely to increase access to convenient point-to-point transportation. Adjusted for inflation, the cost of owning and operating a personal car has not changed since the Model T rolled off the first assembly line more than 100 years ago. Estimates are that autonomous taxis at scale could cost consumers as little as US$0.25 per mile, spurring widespread adoption. ARK Investment Management LLC Big Ideas 2024 #AI #robotics #EV #robotaxi #cybersecurity #canadiancybersecurity CANADIAN CYBERSECURITY INC.

🤖 🚕 Robotaxi passenger trips annualized at a rate of about 2 million late last year. Robotaxis are operating in about 20 cities globally, with fully driverless commercial options in at least 7 cities. In 2023, Baidu was operating at a run rate of 1.6 million autonomous trips, (triple those of Waymo). Cruise has ceased US operations. With access to 50x more driving data than Baidu and 280x more than Waymo, Tesla has a massive data advantage as it prepares to launch its robotaxi service, the largest AI project in the world. ARK Investment Management LLC Big Ideas 2024 #AI #robotics #EV #robotaxi #cybersecurity #canadiancybersecurity CANADIAN CYBERSECURITY INC.

🤖 🤖 👷 Many companies are likely to deploy more robots than humans. Robots are freeing humans from tedious physical tasks. The convergence of AI and hardware should enable generalizable robotics. Robots are outperforming humans in factory settings and should do so in many domains. As hardware and software costs decline according to Wright’s Law, AI should continue to improve productivity and create a new market opportunity for generalizable robotics that, at scale, exceeds US$24 trillion in revenue annually. ARK Investment Management LLC Big Ideas 2024 #AI #robotics #cybersecurity #canadiancybersecurity CANADIAN CYBERSECURITY INC.

📈 🤖 Increased performance is stimulating demand for industrial robots. Advances in computer vision and deep learning have improved robot performance 33-fold in seven years. Robots are already surpassing human performance by greater than a factor of two and it’s unclear where the upper limit will be. The convergence of AI and hardware should enable generalizable robotics. Robots are outperforming humans in factory settings and should do so in many domains. As hardware and software costs decline according to Wright’s Law, AI should continue to improve productivity and create a new market opportunity for generalizable robotics that, at scale, exceeds US$24 trillion in revenue annually. ARK Investment Management LLC Big Ideas 2024 #AI #robotics #cybersecurity #canadiancybersecurity CANADIAN CYBERSECURITY INC.

🤖 Thanks to AI and computer vision, robots should be able to operate cost-effectively in unstructured environments. The convergence of AI and hardware should enable generalizable robotics. Robots are outperforming humans in factory settings and should do so in many domains. As hardware and software costs decline according to Wright’s Law, AI should continue to improve productivity and create a new market opportunity for generalizable robotics that, at scale, exceeds US$24 trillion in revenue annually. ARK Investment Management LLC Big Ideas 2024 #AI #robotics #cybersecurity #canadiancybersecurity CANADIAN CYBERSECURITY INC.

🤖 🌎 📈 Generalizable robotics represent a potential US$24+ trillion global revenue opportunity. The convergence of AI and hardware should enable generalizable robotics. Robots are outperforming humans in factory settings and should do so in many domains. As hardware and software costs decline according to Wright’s Law, AI should continue to improve productivity and create a new market opportunity for generalizable robotics that, at scale, exceeds US$24 trillion in revenue annually. ARK Investment Management LLC Big Ideas 2024 #AI #robotics #cybersecurity #canadiancybersecurity CANADIAN CYBERSECURITY INC.