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The Institutional Real Estate Letter - Australia

September 1, 2014: Vol. 3 Number 3

The tech horizon: investors must continually consider and adapt to new technologies

Author: Peter Sahui

In 2004, the US government announced a competition with a US$1 million (A$1.1 million) prize: could a driverless car make it across a 150-mile obstacle course in the Mojave Desert? In the end, Uncle Sam kept his money. Fifteen cars qualified for the final race. None made it further than 7.3 miles.

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