Honeywell enters autonomous driving sector with AI-powered vehicles, facing GPU shortage challenge.

Honeywell International Inc. (HON) is emerging as a prominent player in the autonomous driving sector, alongside Tesla and startups like Nuro and Gatik. The market for autonomous ride-sharing vehicles could generate $400 billion by 2030, driven by advancements in AI. However, a shortage of GPUs essential for training these technologies poses challenges. Tesla's valuation is closely tied to its autonomous capabilities, with significant revenue predictions for robotaxis by 2040.

September 08, 2024
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