The Road to Autonomy

Chris Ballinger, Founder & CEO, MOBI (Mobility Open Blockchain Initiative) joins Grayson Brulte on The Road To Autonomy Podcast to discuss the new economy of movement.The conversation begins with Chris discussing international economics, monetary economics, and private money.Marginalism. The idea that prices are determined on the margin. That it is the margin that matters. It’s the marginal transaction that determines the cost, the opportunity, the opportunity cost. – Chris BallingerWith over 28 years of experience in the finance industry, Chris shares his thoughts on digital currency and the potential impact of regulation on digital currencies.Touching on Facebook’s Libra digital currency, Chris explains why Government policy and Government opposition can change the path and plans of an organization as large as Facebook. Breaking this down further, Chris lays out the reasons why Government’s around the world opposed the new digital currency.The plan was to hold reserves in relativity safe sovereign and bank assets. Well, the problem is if you are running a reserve and your revenue source is carried on that reserve, then there is a strong temptation to stretch a little bit, to take a little more risk to increase the return.That works out great in most environments, but as soon as you have a shock, then the additional risk, the additional leverage that has been put in can cause problems.If you have a breakdown or a sudden failure of trust in a global world currently that is out of Government control, then you have a real problem. – Chris BallingerWith the crypto market becoming extremely heated, Grayson asks Chris about financial bubbles and what patterns he saw during his years on trading floors. After Chris’ insight, Grayson asks how those patterns might apply to today’s low-rate environment.The underlying technology of cryptocurrency is blockchain. With a strong foundation laid in financial markets, Grayson shifts the conversation to discuss what is possible when applying blockchain to mobility.You can link the vehicle’s digital twin (decentralized digital identifier) to location. If you can link location and the vehicle’s trusted identity, then you can create a trusted trip.If you can create a trusted trip, you can pay as you go for things. You can do micro-tolling, you can do road usage charge, you can do usage-based insurance, there are all kinds of things that now become possible. – Chris BallingerGrayson expands the conversation into in-vehicle commerce and what is possible when the vehicle has a trusted identity. Chris discusses the digital VIN and the role it will play in the future of digital commerce.A digital VIN in the future will be a “living birth certificate” which helps to eliminate fraud such as lemons and increase trust in the chain of custody.[With blockchain] you can trace the chain of custody of data back to the original source. – Chris BallingerTelematics combined with a digital VIN opens the opportunity to fund infrastructure development in new ways such as micro-tolling. Doing this digitally will save tax-payers money as Governments will not have to build-out physical tolling infrastructure. This is all possible with an in-vehicle digital wallet.With everything being connected and tracked, privacy concerns are being raised by consumers. Chris explains why the data belongs to the customer and what is being done to protect consumer privacy using mobility services with blockchain.On March 8, 2021, The MOBI Connected Mobility Data Marketplace (CMDM) Working Group released standards to enable a marketplace that could securely commodify mobility data and ensure data privacy for mobility users.Standards will play a large role in the future of mobility. Standards will enable the future of autonomy. Grayson asks Chris if standards are needed to enable secure in-vehicle commerce.Money is a standard. Driving on the left or right side of the road in different countries in a standard. – Chris BallingerIndeed they are needed. Chris goes onto explain coordinated autonomy and why standards are needed to make this a reality.Wrapping up the conversation, Grayson and Chris discuss digital IDs and how they will enable in-vehicle commerce. Chris explains how digital IDs can enable autonomous organizations. These organizations will be autonomous vehicles that will be able to conduct commerce autonomously on the edge and buy other less profitable autonomous vehicles.Recorded on Friday, March 5, 2021--------About The Road to AutonomyThe Road to Autonomy® is a leading source of data, insight and commentary on autonomous vehicles/trucks and the emerging autonomy economy™. The company has two businesses: The Road to Autonomy Indices, with Standard and Poor’s Dow Jones Indices as the custom calculation agent; Media, which includes The Road to Autonomy and Autonomy Economy podcasts as well as This Week in The Autonomy Economy newsletter.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Dr. Jerry Parrish, Chief Economist and Director of Research, Florida Chamber Foundation joins Grayson Brulte on The Road To Autonomy Podcast to discuss the diverse and growing economy of Florida.The conversation begins with Dr. Parrish discussing the current state of the Florida economy and The Florida Scorecard. Expanding upon the conversation about the economy, Dr. Parrish talks about The Florida 2030 Blueprint and what the Florida Chamber is doing to prepare for the continued growth of the Florida population.Before COVID, Florida since 2015 was creating 1 out of every 11 jobs in this county. – Dr. Jerry ParrishToday 800 net new individuals a day are moving to Florida.Because of COVID, you will see more and more people move to Florida. – Dr. Jerry ParrishIndividuals are moving to Florida for the quality of life, job opportunities, and the #1 Higher Education System in the United States.The State also has a vast hospitality and tourism industry that employs hundreds of thousands of individuals in the State.Our tourism industry has been the trainer of people for all industries in the State of Florida and has been for a long time. – Dr. Jerry ParrishIndividuals working in these jobs understand people skills and how to deal with conflicts without escalating the situation. This is an incredible skill that is tremendously valuable for any industry. Dr. Parrish goes onto discuss why these skills are so important.The Space Coast is back and operating at full capacity once again with the average manufacturing job in Brevard County paying $90,000 a year.Over the past few years, Florida has been growing manufacturing jobs at 3 times the U.S. rate. – Dr. Jerry ParrishFlorida also has a thriving agricultural business with over 47,000 commercial farms and ranches using over 9.45 million acres in the States to farm and raise livestock.Palm Beach County is the #1 agricultural county in the State of Florida. – Dr. Jerry ParrishThe agricultural industry in Florida employs over a million individuals and contributes more than $131 billion to the state’s economy each year.With an influx of tech companies relocating to Florida and creating new high-paying jobs, Grayson asks Dr. Parrish what new businesses might be founded in Florida over the next 10 years.Florida has a booming autonomous vehicle industry with Argo AI operating and expanding in Miami-Dade County. With the signing of HB 311 by Governor DeSantis, Florida became the most AV-friendly State in the country. With great weather, an incredible talent pool and some of the best universities in the world, the future of the autonomous vehicle industry is being developed in Florida.With the Florida 2030 Blueprint, we are setting the stage for by 2030, we can have an economy that nobody will want to leave. There won’t be any reason why somebody wouldn’t want to come to Florida to do business.Florida will be a business-friendly State. We will have the technology that we need. We will have the talent that we need. Talent is the key to economic development. – Dr. Jerry ParrishWrapping up the conversation, Grayson and Dr. Parrish discuss Mayor Suarez‘s savvy use of Twitter to recruit tech companies to Miami and what Florida’s economy will look like in the future.Recorded on Tuesday, February 23, 2021--------About The Road to AutonomyThe Road to Autonomy® is a leading source of data, insight and commentary on autonomous vehicles/trucks and the emerging autonomy economy™. The company has two businesses: The Road to Autonomy Indices, with Standard and Poor’s Dow Jones Indices as the custom calculation agent; Media, which includes The Road to Autonomy and Autonomy Economy podcasts as well as This Week in The Autonomy Economy newsletter.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Florida State Senator Jeff Brandes joins Grayson Brulte on The Road To Autonomy Podcast to discuss the big idea and why Florida is the perfect environment to operate autonomous vehicles.The conversation begins with Senator Brandes discussing his experience serving in Operation Iraqi Freedom as a transportation officer. During his time in Iraq, Senator Brandes read Capitalism and Freedom by Milton Friedman. This book had a profound effect on him and changed the way he sees the world, chooses to govern, and propose legislation.Operating convoys in Iraq also had a tremendous impact on Senator Brandes. One that would lead to one Senator Brandes Big Ideas a Florida State Legislator.It would be a lot safer if I did not have to have soldiers in these convoys and they could operate autonomously. – Florida State Senator BrandesAs an incoming State Senator in 2012, Senator Brandes wanted to distinguish himself from a great class of legislators. To do this, he reached into his past experience and embraced a Big Idea – Autonomous Vehicles after watching Sebastian Thrun‘s Google’s driverless car TED Talk over a dozen times.There is one big idea in every area of public policy. – Florida State Senator BrandesTo make this Big Idea a reality, Senator Brandes reached out to Google and sought their assistance. The legislation which made testing autonomous vehicles on public roads legal passed unanimously and HB 1207 was signed by Governor Rick Scott in 2012.HB 1207 laid the groundwork for what Florida has become today, the Capital of Autonomous Vehicle deployments and commercialization in North America.Florida has the best laws on the books as it relates to self-driving. We have the best laws on the books as it relates to ride-sharing. – Florida State Senator BrandesInnovative companies have a long history of moving and expanding their operations to Florida from California partly due to regulation. This trend started in earnest when Walt Disney began acquiring land in the 1960’s to develop Walt Disney World.Today, history is repeating itself as innovative autonomous vehicle companies such as Argo AI and Luminar are operating in the State. They are creating high-paying jobs and having a positive impact on the economy.You have to be competitive globally, not just amongst the States. What can we do to remove the barriers? Florida has the perfect environment to operate these types of vehicles. – Florida State Senator BrandesWhen you combine Florida’s tourism industry with frictionless mobility services, magic happens.Florida is a mobility story as much as it is anything else. Whether it be Henry Flagler or Walt Disney. These are all mobility stories. – Florida State Senator BrandesFrom autonomous mobility to space flights, Florida is leading on innovation. Florida is also leading on issues such as criminal justice reform. It is an issue that Senator Brandes has championed as it is a big idea.Senator Brandes shares the story of how he first became interested in criminal justice reform. It’s a powerful heart-wrenching story. A story that leads Senator Brandes to take a leadership position working on solutions that will have a positive impact on society.Another issue that is impacting businesses and schools today is COVID-19. Senator Brandes has filed legislation to protect health care providers, businesses, and schools from COVID-19 liabilities. The conversation evolves into a discussion about Governor Ron DeSantis’ decision to open schools and the long-term positive impact on children in Florida.It was the best decision [Governor Ron DeSantis] made since the beginning of COVID. – Florida State Senator BrandesWith schools open, businesses open, companies are flocking to Florida in droves. The trend did not just start with COVID, it just accelerated. The trend began when Argo AI chose Miami as one of the autonomous vehicle test cities in 2018.We have created this environment where technology can thrive and where the taxes are of a lower nature. Where it’s a strong incentive to consider relocating here. – Florida State Senator BrandesWrapping up the conversation, Grayson and Senator Brandes discuss the major mobility changes they see happening in Florida over the next ten years. Including how the State is preparing for the transition to electric vehicles and how safely evacuate individuals’ electric vehicles during a hurricane.Recorded on Friday, February 19, 2021--------About The Road to AutonomyThe Road to Autonomy® is a leading source of data, insight and commentary on autonomous vehicles/trucks and the emerging autonomy economy™. The company has two businesses: The Road to Autonomy Indices, with Standard and Poor’s Dow Jones Indices as the custom calculation agent; Media, which includes The Road to Autonomy and Autonomy Economy podcasts as well as This Week in The Autonomy Economy newsletter.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

James Gowers, Vice President of Strategy & Business Development, Perceptive Automata joins Grayson Brulte on The Road To Autonomy Podcast to discuss developing human intuition for autonomous vehicles.The conversation begins with James talking about leading the Harvard Business School soccer team to two National Championships and what he learned about teamwork as an Army Ranger in the German Federal Armed Forces.Being part of a team, being a leader does not mean that you are autocratic. The more important way to lead is by influencing. Being a solid part of the team, carrying your weight, and leading by example. – James GowersWith a clear understanding of the rigors of leadership and a background in business from the Harvard Business School, Grayson asks James how he first joined the autonomous vehicle industry.James shares a wonderful story of how a friendship with Mark Wheeler, Co-Founder & CTO of DeepMap led to him joining the industry. After a successful run at DeepMap, James joined Perceptive Automata to help them successfully raise their Series A round.Getting from Series A to Series B is hard work. – James GowersPerceptive Automata is working on developing human-like intuition for autonomous vehicles as driving is inherently a social activity. James goes onto explain how Perceptive Automata is developing machine-learning models that can glance at a human and make powerful predictions on their intent to cross the road.Grayson asks James if the machine-learning models can learn situational awareness. For example, can the models learn if an individual is walking, wearing headphones to staring at their phones, and generally not paying attention to the surroundings? Yes. James explains how the models capture behavior.Perceptive Automata’s approach to situational awareness caught the attention of Jim Adler, Founding Managing Director of Toyota AI Ventures which invested in the company’s Series A $16m round.Along with the investment, Jim wrote a Medium blog post titled: “Predicting the World Around Autonomous Vehicles: Our Investment in Perceptive Automata” about “theory of mind” and why Toyota AI Ventures invested in Perceptive Automata.In the Medium blog post, Jim wrote the following:As I’ve said before, cars are “social.” They exist alongside other human-operated vehicles, cyclists, and pedestrians. When we’re behind the wheel, we constantly survey the roads looking for clues to help predict what other people will do. Will that teenage skateboarder jaywalk? Will the minivan driver speed up as I try to make an unprotected left-hand turn? Who goes first at a four-way stop if we all arrive at the same time?People use a “theory of mind” to face those kind of split-second decisions all of the time. However, what comes relatively easily to us humans is incredibly difficult for autonomous vehicles. To improve safety for passengers and pedestrians alike, it is so important to have an intuitive self-driving system that is able to recognize, understand, and predict human behavior.– Jim Adler, Founding Managing Director of Toyota AI VenturesJim’s Medium blog post summed up Perceptive Automata’s approach to situational awareness brilliantly. This approach is critical for autonomous vehicles which are deployed in dense urban environments.Grayson and James go onto discuss prediction models and planning for scenarios such as a baseball game a European football game getting out. Creating a situation where large groups of individuals are pouring out on the sidewalks and the roadway.Autonomous vehicles have to learn and be prepared for all situations. From large groups of individuals at sporting events to first-responder vehicles traveling down the road at high-speeds. Driving is unpredictable and human intuition is a critical part of driving safely.Perceptive Automata is developing human intuition for autonomous vehicles to make the roads safer for both passengers in autonomous vehicles and pedestrians walking or riding bicycles.Humans have this unique ability to glance at pedestrians and make, immediate, effortless predictions about someone’s intent based on social cues, body language, etc. – James GowersThis is exactly what Perceptive Automata is developing for autonomous vehicles. Grayson asks James if this technology could be deployed into the security industry to spot potential bad actors through behavior.James explains how this technology can be applied to the security industry and the potential applications. Not only can Perceptive Automata’s technology be applied for security applications, but it can also be used in the retail business to predict intent. Will the consumer purchase this product? Do they like the color of the product? The potential applications for predicting human intuition are endless.Wrapping up the conversation, Grayson and James discuss the current state of the autonomous vehicle industry and what happens if and when Apple unveils an electric autonomous vehicle with an AR (Augmented Reality) app store.Recorded on Friday, February 12, 2021See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Pradeep Elankumaran, Co-Founder & CEO of Farmstead joins Grayson Brulte on The Road To Autonomy Podcast to discuss automating grocery delivery.The conversation begins with Pradeep sharing how bad experiences with grocery delivery led to the founding of Farmstead. Armed with an idea, Pradeep posted the idea on Nextdoor Mountain View to see if there was a demand for his idea of a better grocery delivery experience. Indeed there was a demand. In 2 days, 200 new potential customers expressed interest in the idea.One of the key selling points to those potential Farmstead customers the substitution policy.We told customers that we would guarantee the item. – Pradeep ElankumaranNo longer would items that you did not order show up on your doorstep. This eliminates stress for parents who would no longer have to worry if their child’s favorite milk or ice cream will arrive instead of a substitute.Our approach is software and a lot of prediction and a lot of very precise control of the data that is inserted into our system which makes the software better.As the software gets better, prediction gets better. As the prediction gets better, your experience gets better. – Pradeep ElankumaranOne of the other elements of the Farmstead business model is that the company does not pick items from a supermarket, instead, they operate out of dedicated 15,000 – 25,000 square foot warehouses.Supermarkets are not great places to fulfill online grocery orders. – Pradeep ElankumaranFarmstead is able to operate this model because of its prediction software. As the Farmstead expands to cities around the United States, the company is using a demand model to gauge interest in the market. One of those markets is Miami.As Farmstead scales, Grayson asks if Amazon and their growing grocery ambitions are a threat to Farmstead. Pradeep shares an interesting thesis on the grocery market comparing Amazon to Walmart and how Farmstead is well-positioned to gain market share in the online grocery market.One of the key differences between Amazon and Farmstead is that the company uses reusable packaging. Grayson and Pradeep have an in-depth conversation about packaging and why it is so important for grocery delivery.The crux of the market of the packaging should really be: is it recyclable? Is it returnable? – Pradeep ElankumaranFrom packaging to the current in-store experience, Grayson and Pradeep have a long conversation about consumer habits and their shopping experiences.Selection no longer matters, curation matters a lot more. – Pradeep ElankumaranFarmstead is saving consumers time by curating groceries from specialty retailers all within the app. As Farmstead onboards new customers, they are adding new products that appeal to their customers' needs and wants. All the items that are stocked and the quantity of those products are chosen by Farmstead’s predictive software.With an incredible software solution that is creating massive efficiencies for the company and its customers, Grayson asks Pradeep if Farmstead will adapt its model for autonomous vehicle delivery services.It all comes down to the customer experience. It’s not about the shiny technology. – Pradeep ElankumaranWhen automation can increase the customer experience, Farmstead will go all in.Wrapping up the conversation, Pradeep shares his vision for the future of Farmstead.Recorded on Thursday, February 11, 2021--------About The Road to AutonomyThe Road to Autonomy® is a leading source of data, insight and commentary on autonomous vehicles/trucks and the emerging autonomy economy™. The company has two businesses: The Road to Autonomy Indices, with Standard and Poor’s Dow Jones Indices as the custom calculation agent; Media, which includes The Road to Autonomy and Autonomy Economy podcasts as well as This Week in The Autonomy Economy newsletter.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Çetin Meriçli, Co-Founder & CEO of Locomation joins Grayson Brulte on The Road To Autonomy Podcast to discuss what he saw in the market when he launched Locomation into a maturing autonomous trucking market in 2018.The conversation begins with Çetin discussing growing up in Istanbul, Turkey, and how his family encouraged curiosity and asking questions to learn.Curious to us was something that was particularly promoted in our family. – Çetin MeriçliWith unlimited curiosity and an always learning philosophy, Çetin taught himself computer programing when his Uncle gifted him a small home computer.I started learning computer programing. Very quickly I ran out of the idea of just getting the computer to do what I wanted it to do. Then I started exploring the idea of what if the computer can make the decisions? What if it can surprise me? – Çetin MeriçliAfter several years of hard work, Çetin moved to America to study robotics at Carnegie Mellon in 2009 and be part of the history.CMU (Carnegie Mellon University) was equal to Top Gun for me. I wanted to come here, I wanted to learn from the Red Whittaker’s, Al Kelly’s, Tony Stentz’s of the world. – Çetin MeriçliWhile a Senior Robotics Engineer at the National Robotics Engineering Center at Carnegie Mellon, Çetin co-authored the Slip-aware Model Predictive Optimal Control for Path Following paper which was published by IEEE. This paper heavily influenced the founding of Locomation as several of the co-founders were authors.Locomation was founded in 2018 just as the autonomous trucking market was starting to mature. Grayson asks Çetin what he saw when he made the decision to join a maturing market.We were not deterred, but we were actually nervous. We were scared to death. That is just normal because you are about to enter into a race where there are quote on quote more established players.– Çetin MeriçliKnow-how is very valuable. With a history in robotics and automation, the team at Locomation sat back and watched as the market matured. They were learning the market and discovering opportunities based on their technical backgrounds. While others made mistakes, Çetin learned and studied until the time was right.Being fashionably late to the party we did not lose the entire window of opportunity. We got our feet into the game at the right time. We got to observe what others were going after. – Çetin MeriçliSitting back and observing the market, Çetin was able to develop an autonomous trucking business model that would resonate with the market.The business model resonated with Wilson Logistics after a chance meeting at a conference. Then in September 2020, the companies announced a deal where 1,120 Wilson Logistics trucks will be equipped with Locomation’s autonomous relay convoy technology.Currently, Locomation has tested trucks in Pittsburgh, Ohio, Michigan, Oregon, Idaho, Texas, and Louisiana. Grayson goes onto asks Çetin what the company is learning from testing in different environments with different climates and driving habits.Not all tests are created equal. – Çetin MeriçliGrayson shifts the conversation to commercialization and asks Çetin when the company plans to start deploying trucks for customers and when the company will become profitable.In late 2022, Locomation trucks will start operating commercially and by 2023, the company will be cash-flow profitable optionally.Wrapping up the conversation, Çetin shares his thoughts on the current state of the autonomous trucking industry.Recorded on Tuesday, February 2, 2021--------About The Road to AutonomyThe Road to Autonomy® is a leading source of data, insight and commentary on autonomous vehicles/trucks and the emerging autonomy economy™. The company has two businesses: The Road to Autonomy Indices, with Standard and Poor’s Dow Jones Indices as the custom calculation agent; Media, which includes The Road to Autonomy and Autonomy Economy podcasts as well as This Week in The Autonomy Economy newsletter.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Sahas Katta, Founder & CEO of Smartcar joins Grayson Brulte on The Road To Autonomy Podcast to discuss the building blocks of mobility – standardized APIs (Application Programming Interface).The conversation begins with Sahas discussing the founding of Smartcar and growing up in Silicon Valley. Growing up in Silicon Valley has its advantages as one is able to build and develop a network early in life.This network becomes extremely valuable as one is exposed to new and emerging technologies prior to individuals located in other geographical regions. Expanding upon this, Grayson asks Sahas when the automotive industry first turned its attention to Silicon Valley.Automotive has always had a heart in Silicon Valley. – Sahas KattaThe trend began to take hold in 2015 with the adoption of connected cars. Capitalizing on this trend, Sahas and his brother Sanketh secured a pitch meeting (view the Smartcar pitch deck here) at Andreessen Horowitz which led to $2m in venture capital funding.With funding secured, Sahas and Sanketh got to work developing a standardized API for connected cars to solve the connected car problem.If you are a mobility company trying to bring your product or service to the market, you may today have to do proprietary integrations with a dozen or two dozen different car brands. Each integration might take 6, 9, or 12 months to get through that process.The end result in the world pre-Smartcar, companies decided not to even do it. It was too much work, too expensive, and too time-consuming. – Sahas KattaToday with a standardized API for connected cars, companies and developers can build new products and services without having to dedicate an immense amount of resources.As connected cars become autonomous, Smartcar’s platform will be the plumbing that enables the “non-sexy” parts of the business to function at full capacity.From unlocking doors to ensuring the vehicle is fully charged to making certain that the vehicle is properly cleaned. This is all possible with Smartcar’s platform.Staying on the theme of what is possible with Smartcar’s platform, Grayson and Sahas discuss vehicle miles traveled (VMT). How does VMT work and what has Smartcar learned from its pilots in California and Oregon?With California’s plan to phase out gasoline-powered cars by 2035, Grayson shifts the conversation to focus on electric vehicles. Sahas explains how the Smartcar platform can be used to optimize vehicle charging and monitor the health of EV car batteries.We are not the innovators coming up with these ideas to solve these problems. We provide the building blocks for incredible entrepreneurs to build really amazing applications which create a lot of value for both consumers and businesses. – Sahas KattaOne of the applications that uses Smartcar’s platform is Turo. Smartcar’s platform has enabled Turo to digitize their business all the while eliminating consumer friction. This same approach can be applied to fleet operators.With Smartcar operating in the United States, Europe, and Canada, the company takes the time to understand the culture and localizes its product to comply with local rules and regulations.Wrapping up the conversation, Sahas shares his thoughts on what mobility will look like in the United States over the next four years.Recorded on Thursday, January 21, 2021--------About The Road to AutonomyThe Road to Autonomy® is a leading source of data, insight and commentary on autonomous vehicles/trucks and the emerging autonomy economy™. The company has two businesses: The Road to Autonomy Indices, with Standard and Poor’s Dow Jones Indices as the custom calculation agent; Media, which includes The Road to Autonomy and Autonomy Economy podcasts as well as This Week in The Autonomy Economy newsletter.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Dr. Pippa Malmgren, Former Presidential Advisor, Economist, Best-Selling Author, and Policy Analyst joins Grayson Brulte on The Road To Autonomy Podcast to discuss why data is the new space race.The conversation begins with Pippa sharing insight into what her father, Mr. Harald Malmgren, a senior advisor to four consecutive U.S. Presidents (President John F. Kennedy, President Lyndon Johnson, President Richard Nixon, and President Gerald Ford) taught her about relationships.My dad taught me how important it is to have trusted relationships even with people who are your opponents. – Dr. Pippa MalmgrenWhen Pippa first joined the George W. Bush White House she called her counterpart who worked for President Bill Clinton to learn and develop a relationship.Bipartisanship is something that is not very common today. Grayson and Pippa go on to discuss why bipartisanship is the way forward.You are not elected to just represent one side. You are elected to represent the American public. – Dr. Pippa MalmgrenPippa has a talk to everyone policy which has allowed her to understand complex issues from different perspectives. With a new incoming administration, Grayson and Pippa discuss what the Biden administration should focus on as it relates to economic policy.As America awakes from a COVID-19 slumber, entrepreneurs will emerge with new, stronger businesses that will create jobs and have a positive economic impact on society.Americans now have increased savings, stimulus checks, and commission-free trading. This is causing consumer habits to change. The world is becoming digitized and consumers are investing in the stock market like never before.While consumer habits are changing, Government habits are changing as well. The United States is printing trillions of dollars with no plan to repay the National Debt. Does the debt even matter?Can the United States keep printing money? Grayson asks this question to Pippa and the answer might even surprise you – The United States can keep printing money indefinitely.With a highly digitized society, comes security issues that can have a profound impact on geopolitical politics and the global economy. Pippa and Grayson go onto discuss data gathering and the U.S. Department of Commerce Entity List.Data gathering is just the first step in capturing emotions.If you know how I emotionally react, then you know how to sell to me, but you also know how to negotiate with me.Facial recognition is really about deep insight into your thought process that even you do not know. – Dr. Pippa MalmgrenWhat happens when autonomous vehicles start to gather data? Pippa shares examples of how that data can be used against consumers and why it could eventually lead to Surveillance Capitalism.Grayson asks Pippa about privacy. What regulations are needed to protect consumers from the invasion of privacy? What happens if consumers are forced to show their medical history before entering a restaurant or getting on a plane?This is a future that some individuals envision and want to see happen for their own personal and political gains. The big ideas coming out of California are not resonating as a record number of individuals and businesses are leaving the State in droves.One of the places those individuals and businesses are moving to is Austin, TX. The movement is being driven by years of bad policy and over-regulation. This conversation evolves into a discussion about open communication and why individuals are done with being censored and de-platformed.Grayson and Pippa discuss China and the current situation with Alibaba founder, Jack Ma. This situation raises the question of, who wants to do business in China. Does it lead to an exodus of foreign capital from China?With the potential exodus of foreign capital from China and a revamped manufacturing industry in the United States, apprenticeships could make a comeback. These apprenticeships will lead to new high-paying jobs.As the economy becomes more digitized and automated, Grayson and Pippa discuss the myth that automation will kill jobs. In fact, it is the opposite. Automation will create jobs. Pippa goes onto share historical contexts of why automation will create jobs.You cannot say that automation equals unemployment because it’s just not true. Automation equals better employment. – Dr. Pippa MalmgrenAutomation requires semiconductors and software to operate. Grayson and Pippa discuss the growth of the semiconductor industry. The exponential growth of Taiwan Semiconductor and the geopolitical issues that this is causing in Asia.Wrapping up the conversation, Pippa shares her thoughts on what new trends she sees emerging over the next four years.Recorded on Monday, January 18, 2021--------About The Road to AutonomyThe Road to Autonomy® is a leading source of data, insight and commentary on autonomous vehicles/trucks and the emerging autonomy economy™. The company has two businesses: The Road to Autonomy Indices, with Standard and Poor’s Dow Jones Indices as the custom calculation agent; Media, which includes The Road to Autonomy and Autonomy Economy podcasts as well as This Week in The Autonomy Economy newsletter.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Roger Webb, Lifetime Student of the Restaurant Industry joins Grayson Brulte on The Road To Autonomy Podcast to discuss why the brand is the experience.The conversation begins with Roger sharing the story of how he first met Dave Thomas, Founder of Wendy’s. Later he shares his experience of when he first joined Wendy’s as the company opened its third restaurant.Today there over 6,500 Wendy’s around the world and the brand is known and loved by millions of individuals. From the VP of Franchise to a Wendy’s franchisee, Roger had an incredible career with Wendy’s.Roger was the first Wendy’s franchisee to join the U.S. Department of Energy’s Better Buildings Challenge in 2016. Before joining the challenge, Roger had a company-wide energy policy.We had a very strict policy, never have a light out. – Roger WebbNever having a light out is part of the experience of going to a restaurant. It’s an experience that consumers look for and one that the restaurant industry has to deliver on each and every-time.The experience is the thousands of little things that have to be executed perfectly every time. – Roger WebbExpanding upon the conversation of the little things that make an experience, Grayson and Roger go on to discuss brands and experiences and why they are crucial to the ultimate success of a restaurant.Your brand is the experience. – Roger WebbWith a great brand, the future is bright and scalable if you are innovative and ahead of trends. Taking a look at the future of the restaurant industry, Grayson and Roger discuss the design of restaurants. Will they have to change with the growth of delivery and eventually autonomous delivery via delivery bots such as Nuro.With an increase in delivery services, comes the need for new innovative packaging. Roger shares his thoughts on packaging and what needs to be done to ensure the french fries that arrive at your house are warm and crispy.From drones to autonomous vehicles to delivery cars, the packaging has to be developed for the operating environment. The packaging used in delivery will be different than the packaging used for food picked up at a drive-through.The drive-through is a booming business for the restaurant industry today. Roger explains how the drive-through operates and what the keys to success are for successfully operating one.The drive-throughs of today might not look like the drive-throughs of the future. Chipotle is pioneering their Chipotlanes concept throughout the United States to great success.Chipotlanes are Chipotle’s most-profitable experience because of the higher check averages. This raises the question: Is this the future of the restaurant business? Grayson asks Roger and he goes onto say restaurants are always evolving.While restaurants are always evolving they must never stop building their brand equity. This lesson can be traced back to Sam Bronfman, Founder of Distillers Corporation who was always focused on quality and the appearance of his brands.Discounting can impact brand equity in a negative way. Roger explains why discounting is something that should be done with caution.Brand equity is what you do every day, every minute, every hour, and that should be a part of everything that you do when you are building a brand. – Roger WebbLooking at the current trend of Cloud / Ghost Kitchens, Grayson asks Roger how these types of restaurant businesses can develop a brand. Without a brand, customers will be unsure whether to try a new concept that they might never have heard of before.For Cloud / Ghost Kitchen concepts to be successful, they will have to have a brand that customers know, like and trust. A brand combined with a bespoke delivery service and pick-up service will thrive in resort communities.Wrapping up the conversation, Roger discusses delivery fees and the economics of delivery services.Recorded on Thursday, January 14, 2021--------About The Road to AutonomyThe Road to Autonomy® is a leading source of data, insight and commentary on autonomous vehicles/trucks and the emerging autonomy economy™. The company has two businesses: The Road to Autonomy Indices, with Standard and Poor’s Dow Jones Indices as the custom calculation agent; Media, which includes The Road to Autonomy and Autonomy Economy podcasts as well as This Week in The Autonomy Economy newsletter.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Aarjav Trivedi, Founder & CEO of Ridecell joins Grayson Brulte on The Road To Autonomy Podcast to discuss how digitizing and automating fleet management leads to increase revenue and profitability for logistics and mobility companies.The conversation begins with Aarjav discussing the founding of Ridecell 1.0 in Atlanta, GA. The experience of waiting for the bus in the cold and not knowing if and/or when the bus would show up gave Aarjav the inspiration to change transportation.Three years in a row this experience on an almost daily basis grinds into you this feeling – there has got to be a better way. – Aarjav TrivediDuring this time, Uber had yet to exist. The iPhone was just being introduced and Aarjav Trivedi an engineer from Georgia Tech decided to change transportation by combining trust and payments.In 2011, Aarjav moved to San Fransisco and launched Summon. Summon was the first on-demand taxi company in California to receive a permit and operate legally. While operating Summon, Aarjav saw that partners such as BMW and companies such as Google needed a fleet optimization management software solution.The relationship and trust Aarjav developed with BMW during the Summon days led to BMW’s i Ventures team leading Ridecell’s $11.7 Series A round.Most great investors are very focused on creating impact. If you create impact the revenues follow. – Aarjav TrivediToday, Ridecell is a global enterprise operating in multiple countries around the world including the United States, Europe, and India. Aarjav discusses how he manages a global team and understands local cultures and customs.The COVID-19 pandemic forced companies to pivot and embrace new business models. Aarjav discusses how Ridecell was well prepared for the pandemic as the company was well-diversified with digital-first solutions.With digital-first solutions for fleet operators and the growth of e-commerce, Ridecell’s logistics business is growing as more companies around the globe adopt digital-first solutions. Aarjav explains how Ridecell’s software platform helps logistics companies operate more efficiently and profitability.One of Ridecell’s strongest value propositions is being able to automate the decisions that increase revenue, decrease cost, increase yield while increasing sustainability. – Aarjav TrivediGrayson asks Aarjav, how the Ridecell platform can help optimize courier services for the delivery of goods. It all comes down to digitization and using the data to optimize the fleet to ensure optimum up-time. The courier also benefits from a comfort perspective. Before getting into the vehicle, the temperature and music are set for the driver’s preference.What happens when the vehicles are autonomous? Grayson and Aarjav go on to discuss autonomy and Ridecell’s acquisition of Auro Robotics in 2017. Expanding upon the autonomy theme, they discuss the economics of autonomous vehicles and what the business model might look like in the future.Grayson asks Aarjav if fleet optimization the key to achieving profitability with autonomous solutions. Fleet optimization along with the eco-system of operating a service is the key. From managing the health of the vehicle to in-vehicle entertainment. All the parts of the eco-system have to work together in harmony.The core problem is to not let data live in silos so that decisions are made in efficient ways. The core thing is to connect the data from the vehicle. – Aarjav TrivediWrapping up the conversation, Aarjav shares his thoughts on the future of mobility and the role that Ridecell will play.Recorded on Tuesday, January 12, 2021--------About The Road to AutonomyThe Road to Autonomy® is a leading source of data, insight and commentary on autonomous vehicles/trucks and the emerging autonomy economy™. The company has two businesses: The Road to Autonomy Indices, with Standard and Poor’s Dow Jones Indices as the custom calculation agent; Media, which includes The Road to Autonomy and Autonomy Economy podcasts as well as This Week in The Autonomy Economy newsletter.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.