Toyota and Momenta, a Chinese AI startup, are partnering to commercialize HD Maps for self-driving cars. The HD maps are a lower-cost alternative to the LIDAR systems that Waymo and others are using. Toyota has 69 issued patents in this space at this time. Momenta does not appear to have any US patents in image recognition, but about 51 total applications and patents in China.
Autonomous cars are equipped with cameras that analyze their surroundings and make sure they don’t bump into other cars, or pedestrians, or curbs, or any of the thousands of other things that can get in their way. The overall image recognition market was already at $15.95 Billion in 2016 and is estimated to grow to USD 38.92 Billion by 2021.
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Autonomous cars are equipped with cameras that analyze their surroundings and make sure they don’t bump into other cars, or pedestrians, or curbs, or any of the thousands of other things that can get in their way. The overall image recognition market was already at $15.95 Billion in 2016 and is estimated to grow to USD 38.92 Billion by 2021.
