by Monty Guild with Tony Danaher
Financial Sense
Breathless news that driverless cars are poised to take over the roadways has so far left us skeptical—partly because we believe that the technological challenges to real-world implementation are higher than tech cheerleaders want to believe, and partly because we see that regulators, the insurance industry, and public opinion are likely to provide higher hurdles than commonly supposed. The technological transformation has a way of confounding its early-adopting apostles by taking longer than they think—and then catching the skeptics flatfooted when it finally matures after a period of incubation outside the limelight.