The autonomous vehicles market is set to grow at a high CAGR during the forecast period 2016 to 2027. As per the market research report, the market will hit US$65.3 billion in terms of valuation by the end of 2027.

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General Motors revealed today that it is purchasing Cruise Automation, a San Francisco-based maker of autonomous vehicle applications, only two days after Toyota acquired the autonomous software team at Jaybridge Robotics.

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