Cars Will Soon Be Monitoring Their Drivers And Selling The Data They Collect

cars-will-soon-be-monitoring-their-drivers-and-selling-the-data-they-collect

11-01-19 08:54:00,

In case you were wondering, the evolution of the “smart” product (read: a product that invades your privacy and sells the ensuing data) hasn’t skipped the automobile industry. And of course, this means your car will soon be collecting data on you.

A new report by Reuters notes that at CES in Las Vegas this year, start up companies are going to be looking to demonstrate to automakers how their technology gathers data on drivers – all for enhanced safety purposes. Sure.

Some of the coming technologies include vehicles that generate alerts about things like drowsiness and unfastened seatbelts. The software is being pitched as a way to cut back on distracted driving and increase safety. Oh, and of course, it’ll eventually help automakers and ride hailing companies make money from the data that is generated inside the vehicle.

Full self driving is still years away in the United States, but in-car sensor technology is going to be a crucial part of this burgeoning technological niche.

Obviously, the more sophisticated the monitoring is inside the car, the more likely the vehicle is going to be able to get a driver to retake control, if necessary, and keep all parties safe. The technologies also include artificial intelligence software and in-car monitoring cameras.

Interior facing cameras are currently only available on a couple of vehicles, including Teslas and select vehicles by Mazda and Subaru, among a few others. The data from cameras is run through image recognition software to try and determine whether or not a driver is paying attention, looking at their cell phone, or perhaps even getting sleepy.

Companies like Israel’s Guardian Optical Technologies and eyeSight Technologies, Silicon Valley’s Eyeris Technologies Inc and Sweden’s Smart Eye AB are among those starting to become the main players in the space. Some of these companies have already signed production deals for beyond 2020.

Modar Alaoui, founder and CEO of Eyeris, recently said:

“There’s no doubt this is a hot area”. Guardian Optical CEO Gil Dotan stated: “What automakers want is what either sells cars, or what regulators tell them to do.”

And regulators have embraced things like eye tracking,

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“Have They All Lost Their Collective Minds?”

“Have They All Lost Their Collective Minds?”

12-02-18 07:41:00,

Authored by Sven Henrich via NorthmanTrader.com,

Have they all lost their collective minds? Look I get that some people are leaning Democrat versus Republican and vice versa and that’s fine, but what exactly are voters getting? If, on the one hand, you think Democrats tax and spend too much you get Republicans on the other hand who cut taxes with disproportional benefit to the top 1% and then spend even more. Fiscal conservatives? Please.

In early February the US government was already scheduled to borrow nearly $1 trillion this year. 

A week later and that figure is already out the door as this week both parties agreed to expand spending caps seemingly preparing for World War III. An incremental hundreds of billions of dollars to the military budget alone in just 2 years. What for? To what end? It’s a bonanza for defense contractors surely and the president apparently wants a parade, but have we entered the math no longer applies zone?

The numbers are staggering:

Ok, if nobody will say it I will: This is insane.

Just the increase alone is larger than Russia’s entire annual military budget.

“The budget deal would raise military spending by $80B through the rest of fiscal year and by $85B in fiscal year 2019”https://t.co/MAFzPYVvwv pic.twitter.com/2BzLsXUOpa

— Sven Henrich (@NorthmanTrader) February 7, 2018

The end result? Much, much more borrowing and deficits into the trillion+ range forever and ever amen:

2019? Looks lot be $1.4 Trillion.

I didn’t see these figures mentioned in any campaign brochures have you? And this is all pre-recession folks. We get a recession and you are looking at 2-3 trillion dollar deficits.

Think I’m going hyperbole on you?

Watch this: Here’s a chart I posted back in 2016 when I called all this Empty Promises. Look at what the CBO then had projected in terms of coming deficits for 2018 and 2019:

I spot roughly $500B for 2018 and a little over $600B in 2019.

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