Inside the AI ‘revolution’ powering Europe’s autonomous vehicle startups

In 1987, Europe played host to the largest ever R&D project on driverless vehicles. The Prometheus Project pulled in €749m in funding from the intergovernmental organisation Eureka — which included 20 European countries…

Its mandate was to look into the use of tech like AI to develop autonomous vehicles (AVs) and a safer road traffic system, and it culminated in a self-driving car making the 1,000-mile journey from Munich to Copenhagen and back in 1995.

Nearly 30 years — and many billions of investor dollars — later you could be forgiven for wondering where all the AVs on the roads are…

But recent developments in AI are ushering in a “revolution” for AVs, says Paul Newman, cofounder and CTO at UK-based Oxa, which is building software for self-driving vehicles…

Now — because of the rise of generative AI and “enormous neural networks with billions of parameters” — “it’s an inevitability”.”

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