This 23-year-old CEO is building the 'eyes' for self-driving cars in Florida [CNBC]
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Source: CNBC
Austin Russell, CEO, Luminar Autonomous vehicles are associated with big names in tech and transportation, like Alphabet 's Waymo, GM 's Cruise or ride-hailing giants such as Didi Chuxing and Uber . Less talked about is a critical safety component, Lidar sensors, which serve as the eyes of a self-driving car. Lidars are expensive today, but a start-up called Luminar is trying to make them more accessible, and powerful, for automakers. The company developed and is manufacturing Lidar systems in Orlando, Florida. Luminar plans to churn out thousands of its sensors to major car companies at a cost of several hundred dollars apiece, while most Lidar sensors cost tens of thousands of dollars each. This could significantly decrease the cost of self-driving cars, especially considering most will require four Lidars to get a full 360-degree view of the road. Space Coast advantage According to CEO Austin Russell and C
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