In 2018, experts seem to have reached the consensus that artificial intelligence(AI) is essentially the new electricity—its impact on different industries and markets will be immense. AI has the potential to redefine all areas of life, from healthcare to manufacturing, either expanding the capabilities of human operators or freeing them from mundane and error-prone activities.
At Daedalean we focus on bringing AI to one of the most important global industries—aviation. Aviation, already a highly automated industry, is also highly regulated, and the combination of these factors has contributed to its stellar safety record. However, as consumer demand for commercial flight continues to drive up the number of flights, the industry already experiences a shortage of qualified pilots.
Our ambition is to build and commercialize Corvid—the first AI-based autopilot capable not only of successfully performing all the tasks of human pilots for different aircraft, but outperforming them in nominal and off-nominal situations.
Developing such an autopilot is an extremely complex, challenging and capital-intensive task, which requires solving a lot of technical issues that have never been tackled before. However, the fate of such technology will be ultimately decided by the regulatory bodies in different countries. Realizing this, we have uniquely built our go-to-market strategy in alignment with the regulators. First, we are collaborating with them from day one to determine how an AI-based autopilot can be certified. Second, we are designing our autopilot to pass the pilot tests that already exist for humans to create an important legal precedent, which we hope will also pave the road for wider AI adoption in other heavily regulated industries.
We have identified the nascent market segment with a huge growth potential for rollout of our technology—electric passenger vertical take-off and landing aircraft (VTOLs), marketed to the public largely as flying taxis. Recent advances in battery density and distributed electric propulsions made such small aircraft feasible and experts believe that in 2-3 years they will have sufficient performance parameters for commercial rollouts, replacing the taxi cars. However, to take over the taxi market VTOLs will have to be fully autonomous: 1) there will not be enough pilots for the eventual 1,000,000+ VTOLs deployed globally; 2) the costs of a human pilot will make the business model of the VTOLs-as-taxis unsustainable; 3) a pilot will take up a commercially impractical amount of room in a typical 1-2 seater VTOL; 4) a pilot will be unlikely to cope with the extremely dense VTOL traffic.