Yahoo TV

With the autonomous vehicle market expanding rapidly, companies like May Mobility are laying down the blueprints for low-cost public transit through self-driving technology. Deployed in Michigan, Texas, Minnesota, and Arizona, the company’s Multi-Policy Decision Making (MPDM) technology decides a car’s safest course of action by sensing traffic, pedestrians and other objects on the road.

May Mobility CEO Edwin Olson joins Yahoo Finance Live to discuss what MPDM means for the future of self-driving vehicles and adopting the technology to existing infrastructure.

The company’s driverless cars are going to start in cities that “struggle to provide high-quality transportation, especially in less population-dense areas,” Olson said. “We can provide better service to those areas with our vehicles rather than big buses driving around empty.”

One of the biggest challenges for autonomous vehicles is convincing consumers that they are safe. Olson said that May Mobility aims to address this problem through MPDM’s ability to imagine various possible scenarios in real time, while appealing to riders who want to be driven directly to their destinations.

For more from this episode of NEXT:
Self-Driving Cars: The Road to Autonomy (full episode)
Cashing in: How to invest in self-driving technology
How Tesla’s Dojo supercomputer will supercharge self-driving vehicle technology
NEXT: Driverless cars go mainstream