Posted by AdviserDirect on 07/11/2019

European startups navigate long, winding road to self-driving future

European startups navigate long, winding road to self-driving future

OXFORD, England (Reuters) - Far from the sunny, wide streets of Phoenix, where Waymo’s self-driving taxis ply their trade, a handful of European startups are developing driverless cars to navigate the clogged, chaotic, rain-swept roads of European cities.

Startups such as Oxbotica, FiveAI and Wayve that are testing cars in Britain say the old continent is a unique proposition with quirks and challenges that tech giant Alphabet’s (GOOGL.O) Waymo, Uber (UBER.N), Aurora and others have yet to crack.

Operating on a shoestring relative to their U.S. rivals, the European startups say they have been forced to get creative and focus on cheaper, more tailored technologies that could cope in a heavy downpour on a busy London street.

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