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An autonomous-vehicle expert reveals the 5 companies best positioned to survive the wave of consolidation headed for the self-driving car industry

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  • A trend in the autonomous-vehicle industry toward consolidation will accelerate in the wake of the novel coronavirus, three industry experts told Business Insider.
  • Waymo, Ford Autonomous Vehicles, Cruise, Baidu, and Intel’s Mobileye are in the best position to weather the fallout from the coronavirus, said Guidehouse Insights research analyst Sam Abuelsamid.
  • Small startups and larger companies that haven’t made much visible progress on self-driving tech — like Uber, BMW, and Nissan — will be in a more difficult position, Abuelsamid said.
  • Do you work in the autonomous-vehicle industry? Do you have an opinion on how your company or the industry as a whole will handle the fallout from the coronavirus? Email this reporter at mmatousek@businessinsider.com.
  • You can also reach out on Signal at 646-768-4712 or email this reporter’s encrypted address at mmatousek@protonmail.com.
  • Visit Business Insider’s homepage for more stories.

There’s been a trend in recent years toward collaboration and large fundraising rounds in the autonomous-vehicle industry as its leaders become more apparent. The economic impact of the novel coronavirus will expedite that process, three industry experts told Business Insider.

“We were already on a path for consolidation,” said Matt Trotter, a senior market manager at Silicon Valley Bank who works with transportation companies. “Now, with the new environment, I think that’s only going to accelerate it.”

In the 2010s, some companies predicted they would have self-driving cars on the road by the early 2020s, but those plans have either been delayed or scaled back as it’s become clear that developing safe and effective autonomous-driving systems will be harder than was first expected. That dynamic, combined with the fact that many companies working on the technology are not yet making money from it, will concentrate the autonomous-vehicle industry around a smaller number of larger companies as startups go out of business and automakers seek partnerships or abandon their automated-driving efforts, said Aakash Arora, a managing director at Boston Consulting Group who focuses on the automotive and mobility industries.

The trend toward consolidation is not new. Since General Motors bought the startup Cruise in 2016, there’s been a wave of dealmaking around a technology that has the potential to transform consumer cars, ride hailing, deliveries, and logistics: Ford and Volkswagen invested in Argo AI, Toyota took stakes in Pony.ai and Uber’s Advanced Technologies Group, Daimler and BMW formed a partnership around mobility and autonomy, and Hyundai and Aptiv created a joint-venture focused on autonomous vehicles.

Waymo, Ford, and Cruise are in a good position

According to the research firm Guidehouse Insights, the leaders in the autonomous-vehicle industry are not independent startups, but companies that combine the resources of a Fortune 500 firm with the kinds of specialized tech skills seen more often in Silicon Valley than Detroit. Waymo (an Alphabet subsidiary that was spun off from Google’s self-driving car project), Ford Autonomous Vehicles, and Cruise topped Guidehouse’s 2019 and 2020 rankings of companies developing autonomous-driving technology and mobility services. Those three, along with Intel’s Mobileye and Baidu, are in the best position to weather the fallout from the coronavirus, said Sam Abuelsamid, a research analyst at Guidehouse Insights whose areas of focus include automated driving and mobility services. The common threads between them are strong technology and promising business models.

“It’s not enough to just make an automated-driving system,” Abuelsamid said. “You have to figure out how you’re going to go to market with that.”

In contrast, small startups that have yet to make much progress will be put in a difficult position, Abuelsamid said, as it was already becoming harder for them to raise money before the coronavirus spread across the globe. In recent months, Zoox (which has reportedly been in discussions to be sell itself to Amazon), Ike, Velodyne Lidar, and Kodiak Robotics have undergone layoffs, while Starsky Robotics has shut down.

“There’s simply too many companies doing this right now,” Abuelsamid said. “There was never going to be a market to have 70 different companies developing automated-driving systems.”

Uber and Apple may have to abandon their AV efforts

But small startups are not the only autonomous-vehicle companies that will be challenged by the coronavirus. Larger and wealthier firms with little to show for their efforts, like Apple and Uber, may end up shutting down their self-driving-car projects, while automakers that are in a similar position — like BMW, Volvo, and Nissan — may seek partnerships instead of continuing to develop their technology in-house, Abuelsamid said.

“Although the current situation of course affects the automotive industry, our path to automated driving remains unchanged,” a BMW representative told Business Insider.

An Uber representative highlighted the steps taken by the company’s autonomous-driving program in 2019 and 2020, including launching data collection efforts in Washington, DC, and Dallas, resuming testing in San Francisco, unveiling with Volvo a production vehicle that could support fully-autonomous technology, and creating an advisory board focused on safety.

Apple, Volvo, and Nissan did not respond to requests for comment.

Consolidation is not likely to have much of an impact on the development timelines for self-driving systems, Arora and Abuelsamid said, but companies may shift their focus to business models that could be more lucrative in a post-coronavirus world or generate faster profits, like deliveries, fixed-route shuttles, and, Trotter said, logistics and trucking.

“The longer-term timeline should not change,” Arora said. “It will just mean that we see fewer players competing more intensely, which is good for technology development.”

Do you work in the autonomous-vehicle industry? Do you have an opinion on how your company or the industry as a whole will handle the fallout from the coronavirus? Email this reporter at mmatousek@businessinsider.com. You can also reach out on Signal at 646-768-4712 or email this reporter’s encrypted address at mmatousek@protonmail.com.

Source: https://www.businessinsider.com/5-companies-most-likely-survive-self-driving-car-industry-shakeout-2020-6

Forex

New method of investment: Copy trading, or copy trading as it was originally called

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These are busy days for those who have a certain level of savings in the economy. Because already sharp movements occur in the Turkish lira because of their very high rates of investment to translate the uncertainties in Turkey in recent times with a certain amount of savings. This enables people to turn to different investment methods.

If you are looking for a dynamic investment method and still do not know where to start, we will have a profitable suggestion for you. A type of investment, originally called “Forex copy trading”, and another name that can be translated as copy investment in Turkish is social investment. It can be a good entry-level choice for those who do not know exactly how and how to invest in investment vehicles.

The basic logic of copy trading is to imitate the investments of successful investors in the exchange you want to enter. It’s that simple. Anyway, the name of this investment concept is therefore determined as copy investment.

According to one of the studies conducted in recent years, this type of investment is increasingly taking up a place in the market. The copy investment market will reach an amount of € 70 billion by the end of 2025, according to researches.

To start copy trading, the first thing to do is to choose a reliable and profitable investment platform. At this point, the next step in choosing a reliable investment platform is  Forex Copy Trading

that is, to be able to follow reliable investors for copy investment. Therefore, the choice of platform is very important at this point.

A Close Look at Copy Investment

In short, it is important that copy investment or social investment platforms allow experienced investors to copy their investments directly. Here, when you find such an investment exchange, the investment made in this way is also called “auto investment” because you invest your own account directly into the account of the experienced investor.

You can invest in the form of copy investment in the BIST 100, crypto money exchanges and even foreign exchanges. It is a method that can be followed even for foreign currency deposits. However, it will require serious research at the stage of determining the investors you will follow in the first place.

How Exactly to Invest in Copy?

In fact, there are two popular ways to do this.

Following the Investors’ Strategies One to One

Whichever exchange you are investing in, you can learn the investments made by the really experienced names of that stock exchange with a good research and make these investments one by one.

Benefits:

Simple System: The investment you will make in this way will be a very simple and easy-to-use investment type. This is the reason why it is called auto investment as a type of investment that you can directly imitate the investments of expert investors in the field.

Flexibility: You can follow this type of investment from any digital device. It is a very flexible method as you will do the same no matter where you are, as soon as you hear about the direct investment of the person you follow, as there is no subject to think about.

Choosing a strategy is very easy: All you have to do is find the best in the field with the right research. Once you find it, it will be very easy to determine your strategy.

Transaction Fees: Most successful traders will charge you a certain fee to return their investments. These fee claims create an additional cost. However, you can manage your funds with the confidence that there will be no additional fees or expenses for the investment.

Let others follow your investment. For this, create an investment strategy.

Here you will be the one followed. Of course, this has certain advantages and disadvantages.

Your strategies will directly affect the market: Since you will be the person who will determine the strategy, whatever strategy you follow, the strategy you will follow will be a strategy that will affect the market completely.

You will also get the reward for your labor outside of profits: In this way, you will have to spend all your work on this work. However, you will get more than your followers for your efforts.

You will set the rules of the game: However, doing these operations will require both very serious experience and serious work.

Of course, it would be useful for you to carefully investigate whether there is a method to follow completely. However, it is possible to say that you can carry out such transactions with peace of mind with detailed analysis on the leading quality investment and stock exchange platforms such as AMarkets.

 

 

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Coinpedia

Ethereum Price Smashed $2000, $3000 Incoming At Lightning Speed!

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Ethereum Price (ETH) May Hit $10,000 This Cycle!

The Ethereum price that is known to maintain a stable price movement, finally broke the previous ATH to form a new one. It took more than a months time to regain its lost position above $2000, yet sustained successfully. 

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The price took more time than expected to break the $2000 barrier, yet $3000 may be approaching at rocket speed. As predicted by founder of Gokhstein Media, David Gokhstein, the next stop for the ETH price is around $3,900. 

With the continued bullish trend and intensified rally, the price is expected to surge to the highest levels. According to an analyst and Crypto Youtuber, Young and Investing, the Ethereum price may hit $10,000 within the current bull run.

With the accelerated bull run, many analysts believe Ethereum could lead the market instead of Bitcoin too. Therefore providing a huge opportunity for the altcoins to boom within the ETH bull rally. 

Is Altcoin-Season On the Cards?

Many altcoins normally pop-up with the surge in the price of the second dominant crypto Ethereum. Currently, ETH price is trading around its new all time high around $2152 and expected to fly high. Therefore, many small cap altcoins are expected to rise from ashes and pump more than 50x or even 100x also.

Many analysts believe the Altcoin Season of 2021 is on the way and is expected to be the greatest season ever. According to a popular analyst, XRPcryptowolf, the season will reach its peak during the summer.

Moreover, the coins which are believed to be dead or not performing are also expected to rise. One of the analysts, MC also has given a brief idea on which all coins might pump in the current AltSeason.

Collectively, the breakout of Ethereum price has led to initialization of the most awaited AltSeason of 2021. The ETH price rally is expected to intensify in the coming days, that might smash $10,000 soon.

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Source: https://coinpedia.org/ethereum/ethereum-price-to-surge-to-3000-soon/

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Coinpedia

Lark Davis Addresses 3 Most Common Criticisms Tagged With Cardano

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Popular New Zealand-based crypto analyst Lark Davis pointed out the three criticisms faced by the Cardano project

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Cardano Is Overvalued

He says that Cardano’s biggest use case right now is staking. The current price of Cardano is based on speculation rather than real demand for the token based on usefulness and need among developers and users.

Right now, the basic economics that will drive future demand are simply not there. Also there’s nothing wrong or unusual about this. This is a fairly normal occurrence. We see that a lot with various assets, where the price of an asset can rise far higher than its value should be based on where it is now simply because of strong support from the market and it’s future predictions.

Even if cardano’s price is overvalued right now does not really mean that it will plunge or go down in the near future. Davis says that in such situations the opposite is likely to happen. The higher the market cap, the more serious an investment it is in the eyes of many investors, which makes the market cap go even higher and become even more serious.

Also Read : Top reasons why Cardano(ADA) Price is Poised For Massive Surge!

Nothing Is Built on Cardano

According to Lark Davis this statement is not technically true as he feels that few things are built on cardano but it lacks an ecosystem. He also states that it’s an incredibly dishonest critique of Cardano in his opinion because it is hard to have an ecosystem when there’s no smart contract functionality.

“Smart contracts are coming. The testnet is due in late April. Smart contracts are then scheduled to come on the mainnet around August… I think we’ll have at least a few dozen applications by Q1 of next year.“

Cardano Is Too Slow in Its Development

Davis says it’s fair to hope Cardano’s speed of development to pick up pace, especially considering the moderately fast rise of other projects with robust and successful ecosystems such as Elrond (EGLD) and Avalanche (AVAX).

Luckily cardano has a growing community and enthusiastic users who are willing to support the smart contracts from the day one of it’s launch. With such an optimistic community if cardano promises to deliver an ecosystem that mints people money, then it’s obvious for users and developers to eventually join this massive ADA community.

“I personally think that Cardano will prove the haters wrong this year, and that they will deliver a powerful and interesting blockchain that will become a big part of the cryptocurrency ecosystem…“

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Source: https://coinpedia.org/altcoin/criticisms-tagged-with-cardano/

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Coinpedia

CHZ Price | Chiliz Price Surged 650% in March, What’s Next for the Coin?

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The pseudonymous head of Coin Bureau who goes by the name guy, predicts that this coin has the potential to attract many users into the crypto space.

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Chiliz price has skyrocketed last month by 650% in value, making it a very important month for the cryptocurrency. In the last week, however, a pattern reversal occurred, with CHZ being overwhelmingly denominated by sellers. Things are shifting, though, as CHZ price rises once more. 

Read more : Chiliz Price Rose Like a Monster, Is It the Start of a ‘Low Cap Season’?

Chiliz is a cryptocurrency that can be used on sports and entertainment sites. Chiliz can be used like any other digital currency, but it is most commonly used on Socios.com, a website where investors and fans can use CHZ to receive exclusive rewards from their favourite teams. Special behind-the-scenes access and voting rights are among the perks.

It is worth noting that CHZ has established partnerships with top football clubs spread across the world, including FC Barcelona, AC Milan, and Juventus.

Guy says that,

“Have you been searching for that killer app that has the potential to open the floodgates and bring hundreds and millions of people into crypto? That elusive unicorn would likely be valued at a pretty penny, which means if you got into it at the right time, you could post some truly insane gains. What if that project combined NFTs, sports, and crypto? That’s the type of rocket fuel that could send it to the stratosphere… That would be Chiliz.”

I really like Chiliz as a project, the concept, and how they’re seemingly paving the way for unique digital sports memorabilia with NFTs in real-time. I also really love the idea of attaching tangible team-related perks to NFTs. That way, they have tangible real-world value and this should drive future demand.”

As of the time of publication, Chiliz price was $0.511948, with a 24-hour trading volume of $930,154,829. CHZ price also went up 1.5% over the last 24 hours. Besides, it has a circulating supply of 5.3 billion CHZ coins and a max supply of 8.89 billion.

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Source: https://coinpedia.org/altcoin/chz-price-chiliz-price-sentiments/

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