Velodyne LiDAR (light detection and ranging) has cut the price of its latest product, the VLP-16 puck, in half to about $4,000. As with most new technology, the more frequently it is utilized the faster the cost falls.
The technology is the brain of an autonomous car and its most expensive component ranging to about $85,000 for a more sophisticated system, in a step that takes the technology closer to broader commercial use
General Motors CEO Mary Barra laid out plans in November to launch fleets of self-driving robo-taxis in multiple large cities by 2019.
Read the article at Detroit Free Press.