Get 40% Off
🤯 Perficient is up a mind-blowing 53%. Our ProPicks AI saw the buying opportunity in March.Read full update

Toyota joins Tesla in developing self-driving tech with low-cost cameras

Published 04/06/2022, 11:13 AM
Updated 04/06/2022, 11:42 AM
© Reuters. FILE PHOTO: The Toyota logo is pictured at the 43rd Bangkok International Motor Show, in Bangkok, Thailand, March 22, 2022. REUTERS/Athit Perawongmetha

By Hyunjoo Jin

San Francisco (Reuters) - Toyota Motor (NYSE:TM) unit Woven Planet has joined Tesla (NASDAQ:TSLA) Inc in trying to advance self-driving technology without expensive sensors such as lidars.

Woven Planet told Reuters it is able to use low-cost cameras to collect data and effectively train its self-driving system, a "breakthrough" that it hopes will help drive down costs and scale up the technology.

Gathering diverse driving data using a massive fleet of cars is critical to developing a robust self-driving car system, but it is costly and not scalable to test autonomous vehicles with expensive sensors, it said.

Tesla has been betting on cameras to collect data from over 1 million vehicles on the road to develop its automated driving technology, while Alphabet (NASDAQ:GOOGL)'s Waymo and other self-driving car firms added expensive sensors like lidars to a small number of vehicles.

"We need a lot of data. And it's not sufficient to just have a small amount of data that can be collected from a small fleet of very expensive autonomous vehicles," Michael Benisch, vice president of Engineering at Woven Planet, said in an interview with Reuters.

"Rather, we're trying to demonstrate that we can unlock the advantage that Toyota and a large automaker would have, which is access to a huge corpus of data, but with a much lower fidelity," said Benisch, a former engineering director at Lyft (NASDAQ:LYFT)'s self-driving division, which Toyota acquired last year.

Woven Planet uses cameras that are 90% cheaper than sensors that it used before and can be easily installed in fleets of passenger cars.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

It said using a majority of data coming from low-cost cameras increased its system's performance to a level similar to when the system was trained exclusively on high-cost sensor data.

He said, however, Toyota would still use multiple sensors such as lidars and radars for robotaxis and other autonomous vehicles to be deployed on the road, as this currently seemed to be the best, safest approach to developing robotaxis.

"But in many, many years, it's entirely possible that camera type technology can catch up and overtake some of the more advanced sensors," he said.

"The question may be more about when and how long it will take to reach a level of safety and reliability. I don't believe we know that yet."

Tesla's CEO Elon Musk said it can achieve full autonomy with cameras this year after missing his previous targets several times.

Latest comments

Click bate headline...
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.