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Interesting from 2 Years ago Safestocks. Took a bit longer but so does decorating your house.
Seeing Machines is worth US$10, even £10, but not 10p
Posted on 17th July 2018
At the Automated Vehicles Symposium (AVS) held in San Francisco last week, one presentation made was by the National Transportation Safety Board (NTSB), about the first Tesla crash involving Autopilot. The NTSB said that “steering wheel torque is a poor surrogate measure” for driver attention. In a tweet highlighting the presentation, Colin Barnden, Lead Analyst at Semicast Research commented: “This only really leaves camera-based DMS to fulfil driver engagement function.”. In a subsequent tweet Colin also identified a possible scenario where Waymo buys Seeing Machines, maybe even in a 12-18 month timeframe, for US$10 billion.
Here’s Colin’s reply in full to my asking about his thinking behind these tweets and the jaw dropping valuation.
Colin Barnden
The NTSB presentation at AVS. That’s a game changer. If you are a transport executive and you value your freedom, you don’t ignore NTSB recommendations. This even applies to anyone with the first name Elon too.
Level 3 is starting to gain traction so Waymo are looking like they have called the handover problem incorrectly and L3 is possible after all. Time will tell on this. L2/L3 is where the volume will be in my view, at least for the next decade.
Robo-taxis may get investor and press attention, but the volume will be in the mass market. Seeing Machines is the classic ‘pick and shovel’ play, the tech can go almost anywhere in transport applications that humans and machines interact. It certainly isn’t obsolete.
Price… who knows? Could be higher, depends how desperate the bidding war gets (see Sky as a good example). Remember what I wrote to you last week “I can see ten bucks a share persuading the Board to sell up soon, or even ten pounds, but not pennies. That would be stupid, and they (the Board of Directors) aren’t”. [This refers to us discussing privately the likelihood of Seeing Machines’ management accepting a low-ball bid in the next few months].
The current market cap simply reflects that the market is clueless to what SM has achieved. The company isn’t clueless, the executive management are whip smart. The market is coming to them (and Smart Eye too) it just needs patience. Maybe even as little as 12-18 months.”
AConceptisAbrick, welcome, I think this is the article you tried to post, well worth a read or 10.
Great article by Colin Barnden (the tech analyst who called the ARM holdings success story when they where a £26m market cap business. ARM are being sold to NVIDIA for $40bn.)
https://www.eetimes.com/time-to-open-eyes-to-eye-tracking/
"Putting that information together with the demonstrations from BMW and Cerence, I conclude that Qualcomm and Google are developing a future generation of Android Automotive OS that integrates eye-gaze control using technology provided by Seeing Machines, possibly for series-production starting in 2023"
Ah, thanks for the heads up. I was trying to post the link to the EE Times article 'Time to Open Eyes to Eye Tracking', which is a very positive article about SEE. :)
Microsoft partners with Qualcomm to help developers make ARM-compatible apps for Windows 10
https://www.gizmochina.com/2020/09/23/microsoft-qualcomm-help-developers-arm-windows-10/
Great to have you join us AConceptIsABrick,
Unfortunately, LSE scrubs the links from new posters, so you will have to talk to us for a while :)
http://www.aitimes.com/news/articleView.html?idxno=132477
News travels fast. A regurgitated Korean article off the back of Colin's or should that be Colleen ;)