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This is a very interesting news item, and some insight can be gained by way of the Cruise CEO's brief article on medium '[...] by collapsing the entire sensor down to a single chip, we’ll reduce the cost of each LIDAR on our self-driving cars by 99%.":
99% of what though? I have the same problem with battery advancements projections too. They say they will improve things by x% but don't give the baseline, so it's worthless.