Autonomous Vehicles Hit Their 'ChatGPT Moment' — Best Stocks To Watch Now
Autonomous vehicles, or AVs, are no longer a distant dream or science fiction—they're hitting roads, farms and factories worldwide as breakthroughs in artificial intelligence spark a commercial revolution across a $1.2 trillion industry.
In a report shared with clients on Tuesday, Bank of America indicated that AVs have reached a pivotal inflection point thanks to dramatic advances in AI, simulation, and computing power.
To date, autonomous robotaxis have completed 186 million commercial miles as of April 2025. These vehicles are now operating in seven global cities, with plans to expand into 20 additional markets in the near future.
“Autonomous vehicles are having their ‘ChatGPT moment' and are no longer a moonshot," said the bank’s analyst Martyn Briggs.
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AI, Not Just Automation, Is Driving The AV Revolution
Unlike earlier generations of self-driving systems, which relied on hard-coded software and maps, the latest wave of AVs is driven by "physical AI," according to the report.
This includes neural networks that continuously learn from real-world data and simulation environments known as "digital twins," which drastically reduce the need for on-road testing.
New capabilities like language models are adding "reasoning and interpretability to driving decisions," Briggs said, while supercomputers integrated into vehicles are enabling autonomous driving in new geographies and use cases.
The cost to deploy AVs is also falling. Hardware, such as LiDAR sensors, is getting cheaper.
Market Potential: Not Just Cars—Everything That Moves
The AV market is broader than just ...
