Why did Elon Musk complain about LiDAR? Introducing AEye A Public LiDAR Co. KellyOnTech

Why did Elon Musk complain about LiDAR? KellyOnTech

What are the advantages of LiDAR?

LiDAR is simply a light sensing technology that uses a laser and a receiver to create a 3-D map of the vehicle’s surroundings. If fully autonomous driving is to be achieved, the use of LiDAR allows for more effective avoidance before a vehicle collision occurs.

Image source: AEye, Pedestrian walking in the dark, LiDAR VS RGB camera image comparison

Why did Tesla’s Elon Musk complain about LiDAR?

Musk publicly complained in 2019: “LiDAR is a fool’s errand, and anyone relying on LiDAR is doomed.” Currently Tesla cars use the “Tesla Vision System” based on 2D cameras.

Image source: AutoPilot Review

Introducing AEye, A Public LiDAR Company

Is there any company that can solve the above technical problems? Yes, today let me introduce AEye, a company established in 2013 funded by investment institutions including Kleiner Perkins and General Motors (very connected to SAIC) as their lead investors with Intel and Airbus following on.

AEye’s path to IPO

AEye went public on NASDAQ in August 2021 through a merger with CF Finance Acquisition, a SPAC special purpose company.

Image source: AEye

Who founded AEye?

The founder and CEO of AEye is Luis Dussan, who received his undergraduate degree in Electrical and Computer Engineering from the University of Texas. After graduation, he joined NASA’s Jet Propulsion Laboratory as an engineer. Later, he joined Lockheed Martin as a staff engineer, responsible for research in adaptive optics, remote sensing, ultrafast lasers, algorithm development, and control software. During this period, he pursued two master’s degrees at the University of Central Florida, one in laser and optical detection, and the other in quantum optics. In 2011, he started his PhD in computer physics with a concentration in quantum communications, quantum entanglement and condensed matter physics.

Image source: AEye, Luis Dussan, Founder of AEye KellyOnTech
Image source: AEye, Luis Dussan, Founder of AEye

What is the current status of AEye?

AEye’s stock price was $1.8 on June 29, 2022, down 85.9% from its IPO. One of the reasons is that AEye has not been profitable. In addition, it is not enough to rely on LiDAR alone to build the perception system of self-driving cars. Autonomous vehicles require fast, accurate and complete perception systems.

Image source: Google.com AEye stock price as of June 29, 2022
Image source: Google.com AEye stock price as of June 29, 2022

Summary

Autonomous vehicles require fast, accurate and complete perception systems. This is a system-level problem that requires a system-level solution, such as the vehicle-road collaboration solution proposed by Baidu. However, according to Luis Dussan,

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