Uber and Waymo Are Teaming Up: Is the Self-Driving Revolution Finally Here?
The relationship between new technologies and investors can be summed up by a term known as the hype cycle.
Tracking investor sentiment in relation to disruptive forces, the Gartner hype cycle says that when a new technology arrives, investors at first get irrationally excited about its potential and then disregard it when the ideas don't immediately result in concrete market opportunities. Then, when the technology finally does arrive in a business-driving way, it is barely covered in the news and gets little attention from investors.
Self-driving vehicles have followed this exact trajectory. Five to 10 years ago, executives at companies such as Uber (NYSE: UBER) and Tesla were hyping up autonomous vehicles as something that would change the world in just a few short years. When this didn't happen, investors stopped putting time and effort into the sector.
Source Fool.com
Gartner Inc. Stock
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