Where the billions spent on driverless cars by US and China is heading
An Apollo Robotaxi runs at Shougang Park as Baidu launches China's first driverless taxi service in the city on May 2, 2021 in Beijing, China.He Luqi | Qianlong.com | Visual China Group | Getty ImagesFor years, Alphabet's Waymo and others leaders have promised autonomous vehicles are just around the bend. But that future has not arrived yet. Why not?"In one word, it's complexity," said James Peng, CEO and co-founder of Pony.ai, an autonomous vehicle company. "Every time there is a technical breakthrough, there are challenges. We have the AI, the fast computer chips, the...