Global Equities analyst Trip Chowdhry offers insight on Alphabet Inc (NASDAQ:GOOGL) as Alphabet’s new Driverless Car program hums onto the clear, open road. The Google Driverless project presently is in evaluation on public roads, exceeding 1.8 million test drive miles, as the company assesses the technology in Nevada, Florida, California, and Michigan.
From October 2015, Alphabet Inc changed its course with the Google Driverless project, shifting to TensorFlow Deep Learning Framework from Theano Deep Learning Framework. Google changed the rules to mandate its Driverless project team to instead use of Tensor Processing Unit (TPU) for Inferencing Engine. Both Apple and Tesla Driverless project have also chosen TensorFlow Deep Learning Framework.
Not only does Apple prefer this technology, the company refuses to use TPU, whereas Tesla’s new AutoPilot has no qualms against using TPU. TensorFlow is the framework of choice by the three giants, prioritizing its strong Reinforced Learning Model, which Chowdry explains is “essential for Autonomous Driving, where input from real drivers enhances classification accuracy.”
Meanwhile, also commencing in October 2015, Google began to place what Chowdry deems as “stringent requirements” on its “Automotive Dead Reckoning System” (ADR), a fusion of a set of sensor technologies aligned with sharp algorithms with the objective of achieving extremely high positional accuracy in the context of extremely dense, urban environments, much like San Fransisco’s Market Street or the multi-level concrete parking garage.
Chowdry frowns upon ADR in situations like these, as “Google’s current ADR implementation was pretty bad… we don’t know how bad, but we know that new mandate is 1 centimeter to 1.5 centimeter consistent location accuracy.”
In a string of changes, Google’s strict requirements on the Inertial Measurement Unit (IMU) join Alphabet Inc’s streamlined changes revolutionized back in October of last year. IMU manipulates Gyroscope to collect data that enables Google to create High Fidelity Maps for Driverless cars.
Chowdry concludes, “Industry believes that Google had to let go Google Driverless project CTO Chris Urmson. Chris was likely uncomfortable with the above mentioned changes and stringent requirements that Google put in place for the Driverless Project Team.”
According to TipRanks, five-star analyst Trip Chowdhry is ranked #306 out of 4,120 analysts. Chowdhry carries a 63% success rate and earns 16.1% in his average returns. However, when recommending GOOGL, Chowdhry loses 1.7% in average profits on the stock.
TipRanks analytics exhibit GOOGL as a Strong Buy. Based on 32 analysts polled in the last 3 months, 31 rate a Buy on Google, while only 1 remaining maintains a Hold. The consensus price target stands at $943.89, marking a nearly 17% upside from where the stock is currently trading.
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