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00:00THINGS GO WRONG AND HAVE FALLEN BEHIND AND THERE WAS TURNOVER. SEBASTIAN: ONE OF THE INTERESTING THINGS, GOOGLE AND UBER ARE REVOLUTIONARY IN NEW TECHNOLOGY AND IT WILL NOT BE A CAR THAT YOU BUY THAT DRIVES YOU A FEW MILES ON THE HIGHWAY. IT WILL BE THE CONCEPT OF TRANSPORTATION AS A SERVICE. YOU ORDER YOUR CAR, IT PICKS YOU UP AND DROPS YOU OFF AND GOES AWAY. THE REASON THIS IS REVOLUTIONARY, NOW, WE NEED FEWER CARS. FEWER PARKING SPACES. SAN FRANCISCO IS FULL OF PARKED CARS. IMAGINE ALL OF THESE CARS COULD DRIVE THEMSELVES TO WHERE THEY ARE NEEDED. IT WILL BE A BIG GAME CHANGER. >> YOU DON'T THINK PEOPLE WILL BUY CARS ANYMORE? SEBASTIAN: PEOPLE LOVE CARS. YOU BUY A SPORTS CAR TO GO FROM A TO A. FOR THE SAKE OF DRIVING. IN A SHARED ECONOMY, IT IS MUCH SUPERIOR TO AN OWNER IN SOCIETY. >> WHAT OTHER INDUSTRIES IS THIS LIKELY TO IMPACT? SEBASTIAN: LOTS. INSURANCE COMPANIES. >> I HEARD PREMIUMS COULD GO DOWN BY 70%. SEBASTIAN: A LOT. THE NUMBER OF ACCIDENTS COULD GO DOWN, THE NUMBER OF, SURGEONS WE NEED IS FEWER. WOULDN'T IT BE GREAT IF OFFICE BUILDINGS COULD BE CLOSER TOGETHER. >> WHEN DOES THIS FUTURE ARRIVE? SEBASTIAN: WE ARE AT THE BRINK. THE TECHNOLOGY IS THERE. I AM CONFIDENT WE ARE GOING TO WORK TOWARDS THAT IN THE NEXT THREE TO FOUR YEARS AND WILL SEE A MASSIVE CHANGE. >> THE HIGH PROFILE TESLA ACCIDENT, DOES IT SETBACK PROGRESS? SEBASTIAN: IT REMAINS TO BE SEEN. I AM A TESLA DRIVER. I LOVE THE AUTOPILOT FEATURE, BUT I KEEP MY EYES ON THE ROAD. I PAY FULL ATTENTION BECAUSE TESLA TELLS ME TO.

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Thrun: We're at the Brink of Autonomous Driving Tech

Sebastian Thrun, Udacity founder and the first head of the Google car project, comments on self-driving cars during an interview with Bloomberg's Brad Stone at the TechCrunch Disrupt conference in San Francisco on "Bloomberg West." (Source: Bloomberg)

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