London, July 31 (IANS) It seems that Google and Tesla have a new competitor in their driverless car projects -- FiveAI, a Britain-based startup that is working on a technology that is data light and fully autonomous.
The startup, with Amadeus Capital -- the venture capital company leading the investment -- has secured $2.7 million in equity funding to help develop an artificial intelligence (AI) system capable of driving a car, Forbes reported on Sunday.
The startup's concept is different from Google and Tesla as FiveAI's project would have a vehicle fitted out with sensors all processed by a central computer capable of "machine learning", that is, capability of picking up information from encounters and applying it to future situations.
â€œIt uses sensors to perceive what is out there -- identifying things like road, pavement, street signs, pedestrians and other cars,â€ Forbes quoted Steve Allpress, Chief Technology Officer at FiveAI, as saying.
â€œIt builds up a probablisitic picture of what is likely to happen that can see how our own actions and (others') actions will influence possible options in order to then plan the safest route,â€ Allpress said.
While Tesla's autopilot feature does not provide full autonomy, meaning, it is a driving aid that requires a human to be in charge at all times, Google's system does not require human oversight but it is very data heavy.
Google has created a detailed point cloud with millions of data points on each road in order to build a 3D picture of how it looks without anyone in it. It can then subtract that out to know what the system is currently seeing, Allpress noted.
â€œInvariably humans do not always pay attention when they should. We want to get to the point where you can de-couple the human from the vehicle,â€ Allpress added.