If cars become "computers on wheels" we are going to see a massive transformation in this industry.
In this video I disuss what is taking place within the broadcast media industry and how technology companies are starting to take over. This is now going to spread into automotive. Just like the computer industry, the money is not in hardware.
▶️ 3Speak
This is an interesting take. The automotive industry is suffering a bit, and it could be a good time to enter/buy companies. But I don't know if they should. Cars don't get replaced as frequently, and with the economy, people are going for the cheaper older cars. If they can make it so much cheaper though, I guess that can be good. But me personally, I think better public transport is more important, and that should be where they focus on improving.
Summary:
In this video, Task discusses how the automotive industry is following a similar path to the broadcast media industry, with traditional companies being challenged by technology companies. He draws parallels between Amazon buying MGM to create content, like how technology companies are entering the automotive industry. Task highlights the shift from hardware to software dominance and predicts that software-savvy companies will lead the automotive sector. He emphasizes the importance of software in transforming the automotive industry and mentions the potential impact of robotics on reducing labor costs.
Detailed Analysis:
Task begins by drawing a comparison between the automotive and broadcast media industries, noting how traditional companies are being challenged by technology companies like Amazon and Apple. He mentions Amazon's acquisition of MGM to create content for its streaming service, highlighting the shift in the media landscape. Task predicts a similar trend in the automotive sector, where software will play a crucial role in shaping the industry's future.
He discusses the concept of "computers on wheels" and suggests that software will eventually be more important than hardware in automobiles, drawing parallels with the computer industry dominated by companies like Microsoft and Apple. Task emphasizes the significance of software development in the automotive sector and suggests that legacy automakers lack the necessary expertise in software.
Task criticizes Volkswagen Group's decision to delay its software platform development, indicating that such delays may hinder traditional automakers from competing with tech-savvy companies in the future. He highlights the importance of robotics in reducing labor costs in car manufacturing, though he acknowledges that labor costs are just one factor among many in the overall cost of a vehicle.
Furthermore, Task discusses the financial dynamics of technology companies entering the automotive industry, noting that they may not need to profit directly from their automotive ventures but can leverage them to enhance their digital platforms' value. He concludes by hinting at a future video focusing on Tesla as a digital platform, suggesting that the automotive landscape is evolving rapidly.
In summary, Task's analysis emphasizes the growing influence of technology companies in the automotive industry, particularly in software development and digital integration, and anticipates a significant transformation in the sector's landscape in the coming years.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.