Member Info for schlemiel

What's the relevance of this as mentioned by Barnden in the article below?

Now You See Me is a fun movie about magic and illusion — and the first rule of magic is always be the smartest person in the room. But there is only suffering in the tragedy of more than 1.3 million people losing their lives on our roads each year. So, over to you lawmakers and regulators to expedite the installation of ADAS and driver monitoring. Now that really would be smart — and a magical outcome too.

— Colin Barnden is principal analyst at Semicast Research.

Why self-driving?
The standard response from the AV tech industry to the question of “Why self-driving?” is to save lives. Really? I always thought it was about making money. Figures from the World Health Organization indicate that globally more than 1.3 million people die on our roads and highways each year — by far the highest number of fatalities are in India and China, together totaling more than 0.5 million. For the U.S. about 37,000 lives are lost annually, just a couple of percent of the global total.

Yes, there are too many lives lost, but we know the main causes are related to human failings such as distraction; fatigue; driving while intoxicated by alcohol or drugs; and speeding. We won’t succeed in reducing the number of fatalities by replacing human drivers with non-existent “self-driving” AVs. We will succeed by making human drivers into safer drivers using ADAS and camera-based driver monitoring — technology which is tested, validated and suitable for deployment at scale today.

If we are serious about road safety, we need to install this technology into every new vehicle with four or more wheels (cars, vans, trucks, coaches and buses) as soon as is practically possible on automotive OEM timescales. Silicon Valley tech companies and VC-funded start-ups have no meaningful role to play in this initiative. If you want to see decisive activity regarding road safety, you need to look to Europe, in particular the role played by Euro NCAP and the European Council.

Starting in 2022, to secure the maximum five-star rating from Euro NCAP’s testing process will require a vehicle model to have safety systems fitted as standard encompassing longitudinal speed assist (autonomous emergency braking), lateral lane support (lane keep assistance) and driver monitoring systems (almost certainly using 940nm IR computer vision to meet the testing protocols). Where Euro NCAP leads, other regional NCAPs will quickly follow as these testing standards are subsequently promoted by Global NCAP.

Under laws now passed by the European Parliament, no new vehicle model will achieve type-approval after mid-2024 without all of the aforementioned safety systems and intelligent speed assistance and accident data recorders too. From mid-2026 it will be against the law to sell a single new vehicle in Europe without all of these systems installed. Yes, Elon, that will include Tesla too.

NHTSA has not announced any equivalent plans to improve road safety standards in the U.S. However, the future of road safety is clear: Mandatory installation of ADAS and driver monitoring in all new vehicles.

Lawmakers and regulators should do that first and then let the market decide if “self-driving” anything is advantageous, or even desired. The tech industry may find a large percentage of the global population doesn’t care about AVs, any more than they care about flying cars and robo-dogs.

cont....

Why AV? Just Say It: You’re Only in It for The Money
By Colin Barnden 01.31.2020

The standard response from the AV tech industry to the question of “Why self-driving?” is to save lives. Really?

“The closer you look, the less you see!”

Movie aficionados everywhere may recognize this line from the 2013 film Now You See Me. I’ve been thinking about those words a lot just recently, because the closer I look at all things “self-driving,” the less I see an obvious outcome. Read on if you want to delve further into that idea with me.

Let’s start at the very beginning; a very good place to start — why do we need “self-driving” technology at all? Be clear, I didn’t ask if it is cool, nor if videos of self-steering or self-braking cars create amazing PR to secure new investors. I asked: Why?

The best media trained CEOs in the AV tech industry subtly deflect “why?” by answering “when?” or “what?” I think we are all done hearing timelines for “self-driving” vaporware product launches in the next three years, while the myriad of “what?” ideas is summarized neatly by this piece in Forbes.

There are many competing visions of how AV technology could be applied and the last couple of years at CES have showered us with a future of flying robo-taxis, “self-driving” pizza delivery vans and even robo-dogs. Just pause for a moment to consider what percentage of the global population is sufficiently wealthy to use such products and we can see how far the tech industry has lost its way. Wouldn’t this talent and these resources be better directed to helping treat cancer or heart disease?

These vanity projects come from what I call the Trough of Enlightenment — the cesspit of truly stupid thinking, espoused by serial entrepreneurs with more Vision funding than sense, and drunk on the supply of virtually free money from central banks and sovereign wealth funds.

Most of these vain ideas suck and serve no purpose, other than to incinerate capital. Step forward enlightened early stage WeWork investors and most VCs backing the hundred or so lidar companies chasing “autonomy.” Some of these entrepreneurs would have created more value if they had actually just set fire to the funds.

cont..

https://www.eetimes.com/why-av-just-say-it-youre-only-in-it-for-the-money/#

I have always thought the fleet and auto-software (Fovio) parts of SEE should have been separated and relisted. One as hardware (Fleet), one as software (Fovio) with Fovio being dual listed on Nasdaq. It just feels as though Fleet is dragging on our valuation somewhat. yes, it generates revenues but it generates negative revenue at present (it doesn't turn a profit nor positive cashflow. It's still a liability. The volumes do not exist at present. Cab drivers refuse to have them in their cabs. That might change in years to come due to mandatory laws)

I understand secrecy around auto-contracts with the OEM and T1 but for a small company like ours and its shareholders, it's a pain up the rectum.

It's tough being a shareholder. Up thousands one week, down thousands the next, up thousands and now up only a small amount. I suppose we must adopt a longer time-frame though for most of us with pressing financial commitments this can be frustrating

I have to keep off this board as It's not great for my mindset or optimism. when the real news comes then we can celebrate and I don't mean some low volume fleet contract with some obscure Aussie operator

gla

hyms - thanks

Oh, ok. cheers fellas/lasses. Appreciated

Aptiv is funding Affectiva who I did read somewhere are working with SEE. Was that at GM or some other car-maker. can't remember which now...head's frazzled

Aptiv (ex-Delphi) earnings transcript today makes reference to 3 wins for DMS. If SEE is still working with them of course.

this has been a disaster. I can't speak for others but my decision to stick with SEE and reject GGP has cost me £40k+. I actually thought SEE was on the up. The CEO has ramped up expectations and failed to deliver. I should've seen through the spiel. Gutted

I'll be keeping off this thread. It's become a danger to my wealth and indeed health

He simply wants news, as do we all.

L2 is 1 v 4...this ain't going nowhere and for some of us with pressing financial concerns that ain't great. The absence of volume (literally) is surprising. Yes, the wider market is a tad cautious but many stocks still showing good volume.

I've stuck with this expecting news for months and sacrificed potentially decent profits on GGP. That's cost me around £25k.

I'm keeping off this thread to get my sanity back. Once again, I've bought into the SEE dream and once again, it's cost me dear, in opportunity cost terms. Too much talk from SEE, not enough delivery and that's the hallmark of this company

If L2 radically changes I shall post the details but I'm staying away until the CEO stops talking and starts delivering

it's flipped to the sell side

1 v 4

added

https://www.adgoconference.com.au/agenda/day-two

DAY TWO
WEDNESDAY 18 MARCH

UNLOCKING THE NORTH AND FURTHER OPPORTUNITIES FOR PIPELINES TO HELP ADDRESS MARKET ISSUES
Frank Tudor
Chief Executive Officer
Jemena

https://www.industry.gov.au/sites/default/files/2020-01/review-of-the-australian-domestic-gas-security-mechanism-2019.pdf

'The NT Government’s recent removal of a moratorium on exploration and hydraulic fracturing for onshore gas in the Beetaloo Basin and the anticipated successful development of the basin’s shale gas resources could lead to additional gas supply through the NGP. In anticipation of this, the NGP operator, Jemena, is preparing a potential $3 billion to $4 billion expansion and extension of the line to a capacity of 700 TJ per day (an equivalent of 255 PJ per year – this is an almost eight fold expansion from NGP’s current daily capacity of around 32 PJ per year).24'

forget it - it's last year..cheers

www.theaustralian.com.au › business

Darwin beats east coast in Beetaloo gas reservation plan

6 hours ago - The Coalition is eyeing the Northern Territory's giant Beetaloo Basin gas deposits as a prime target for a planned national reservation scheme, declaring Darwin ...

http://www.autonocast.com/blog/2019/2/6/127-augmenting-human-drivers-with-seeing-machines-affectiva-and-gentex

Feb 6 127: Augmenting Human Drivers, With Seeing Machines, Affectiva and Gentex

With fully autonomous vehicles mired in the trough of disillusionment, the industry's focus is shifting towards shorter-term opportunities to use sensor and AI technology to improve human driving performance. To understand where this trend is going, we invited three companies working in this area to stop by our car-based recording studio on the CES floor: we spoke with Nick DiFiore from Seeing Machines, Rana el Kaliouby of Affectiva and Neil Boehm of Gentex. In this free-flowing conversation, we discuss everything from driver monitoring to emotional recognition to the future of rear-view mirrors, all with an eye toward Alex's paradigm of augmented driving.

I'm not debating this issue with you suffice to say holders should be able to express justifiable concerns. If that annoys other than that's what the filter button's there for.

Fingers crossed for material news before it sends us all round the ****ing bend