Just in:
Infineon and HD Korea Shipbuilding & Offshore Engineering jointly develop ship electrification technology // U.S. Compliance Takes Center Stage at OKX Following Industry Jitters // First-Ever Fortune Innovation Forum Draws Top Global Leaders to Hong Kong, Promoting Agendas On Collective Cross-Sector Advancement // US reiterates concern over Kejriwal arrest, Cong accounts // Sharjah Chamber Breaks Ground on Final Expansion with New HQ Pact // Renewables Surge Sets Record, But Global Equity Lags // AIA Hong Kong Wins More Than 20 Accolades at MPF Ratings MPF Awards, BENCHMARK MPF of The Year Awards and Bloomberg Businessweek Top Fund Awards // Following the Money Trail: US and UK Investigate $20 Billion in USDT Transfers Tied to Sanctioned Russian Exchange // Sharpening the Focus: Sharjah Health Department Refines Evaluation Criteria for “Healthy Schools Programme” // Ingdan Announces 2023 Annual Results // Experience Ultimate Shopping Freedom at 4.4 Shopee Spree: Don’t Worry, Shop Shopee! // Meta Earth Official Website Launch: The Pioneer Explorer in the Modular Public Blockchain Domain // 2024 Lok Sabha Elections Will Be The Costliest One Till Now In The Whole World // Andertoons by Mark Anderson for Thu, 28 Mar 2024 // Sunshine’s Debut Features Leave Tech World Scratching Its Head // Emirates Post Speeds Up Deliveries for GCC with Special Day // Ajman Celebrates Conclusion of Ramadan Activities with Grand Ceremony // Universal Language for Healthcare: General Authority Embraces Global Coding System // Lisboeta Macau’s world first LINE FRIENDS PRESENTS CASA DE AMIGO and BROWN & FRIENDS CAFE & BISTRO has officially opened // No running of govt from jail, says Delhi Lt Governor //
HomeWhat's OnVal.ai lets self-driving cars bid for parking spots

Val.ai lets self-driving cars bid for parking spots

1494782795 11


Where will self-driving cars go once they drop you off? In big cities, parking can be expensive and take forever to find. But TechCrunch Disrupt NY hackathon team Val.ai built a way for autonomous vehicles to participate in auctions for nearby parking spaces.

ADVERTISEMENT

When a self-driving car needs to park itself, it can submit real-time bids for local spots occupied by others. If a currently parked car knows it needs to pick someone up soon, and it will earn more from selling the parking spot now than the gas it might burn driving around until its pick-up time, it can accept a bid. The winning bidder vehicle gets directions to the spot, and the one parked there vacates when it arrives.

While there aren’t so many self-driving cars on the road that we need this just yet, technology like Val.ai could eventually reduce congestion and pollution by more efficiently routing cars to spaces. The project was built using Clarifai, ThingSpace and MapQuest.

But there’s one big problem with Val.ai. The pitch made it sound like the cars would be auctioning off public parking spots. Squatting in these spots until another car pays enough could be seen as abusing public resources for private gain. When a few startups tried to do this a few years ago for human-driven cars, we labeled these resource-abusing startups as “#JerkTech.”

The real opportunity here for a business that doesn’t unfairly profit off the commons is to set up commercial parking lots that use this real-time bidding system.

Featured Image: Driving-Tests.org

Via ASDA Alltop

ADVERTISEMENT

ADVERTISEMENT
Just in:
Konica Minolta is named ASEAN 2023 Market Leader in Colour Light and Mid Digital Production Printers // Arvind Kejriwal Was Used By BJP In 2011 Movement To Take On The Congress // AIA Hong Kong Wins More Than 20 Accolades at MPF Ratings MPF Awards, BENCHMARK MPF of The Year Awards and Bloomberg Businessweek Top Fund Awards // Infineon and HD Korea Shipbuilding & Offshore Engineering jointly develop ship electrification technology // Renewables Surge Sets Record, But Global Equity Lags // Emirati Aid Reaches Ukraine as Food Shortages Bite // Sharjah Chamber Breaks Ground on Final Expansion with New HQ Pact // AI Boost for Galaxy Devices: Samsung Expands One UI 6.1 Update // U.S. Compliance Takes Center Stage at OKX Following Industry Jitters // Following the Money Trail: US and UK Investigate $20 Billion in USDT Transfers Tied to Sanctioned Russian Exchange // US reiterates concern over Kejriwal arrest, Cong accounts // Experience Ultimate Shopping Freedom at 4.4 Shopee Spree: Don’t Worry, Shop Shopee! // Superland Announced Annual Results for 2023, 2023 Net Profit Increased approximately 39.5% to approximately HK$22.2 million as Compared to the 2022 Adjusted One // No running of govt from jail, says Delhi Lt Governor // Universal Language for Healthcare: General Authority Embraces Global Coding System // Global Audience to Witness Thrill of Dubai World Cup // Ingdan Announces 2023 Annual Results // German Job Market Resilience Bodes Well for Economic Recovery // 2024 Lok Sabha Elections Will Be The Costliest One Till Now In The Whole World // Meta Earth Official Website Launch: The Pioneer Explorer in the Modular Public Blockchain Domain //