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Hugo Navarro

Aug 30, 2026

5:38
You cut out for one second, your sound cut out, if you just want to say what you said, rewind 10 seconds ago.
5:43
Yeah, sure.
5:44
So there's these two players, which are the only ones that have the best technology.
5:49
They've been both have taken 20 years and hundreds of millions of dollars to develop these like these companies have been listed for decades.
5:58
And they've been losing money for decades.
6:00
They've spent, I think, Sig Machines has spent half a billion in research and development only over the last two decades.
6:06
So it's very expensive to develop this technology.

6 MINS LATER

12:16
I'd love to just hear how you think about that framework.
19:28
That's
19:28
true.
19:28
You're also having Waymo.
19:30
Waymo's got this technology.
19:32
Right, right.
19:33
So basically, the interesting stuff here is that in July, this was mandatory for every car in Europe, like every car had to have these cameras.
19:43
So the market was, you know, this was listed for 20 years, zero returns for shareholders, zero in 20 years.

10 MINS LATER

30:14
Mm-hmm.

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