By John Kell and Alan Murray
March 31, 2016

Autonomous vehicles are in the news this morning. A top Pentagon official says the U.S. Air Force is working on turning the F-16 into an unmanned fighter, which he expects to be plying the skies before unmanned cars become common on the ground.


Meanwhile, former Cisco CEO John Chambers has invested in, and joined the board of, a drone startup called Airware, which creates software for businesses to collect and transmit data on drone flights. Chambers believes drones will be a key element in the coming Internet of Things.


And Fiat Chrysler CEO Sergio Marchionne, in his continuing search for the perfect partner, says he is talking to “many players outside the car sector” – feeding speculation that he could link up with an Apple or a Google on the road to autonomous cars.


Separately, the McKinsey Global Institute releases a report this morning saying “emerging demographics” are replacing “emerging markets” as the source of global growth. Over the next fifteen years, people over the age of 60 will generate more than half the total urban consumption growth in developed countries. “The glamorization of youth by marketers and advertising buyers is a vestige of the past,” says Richard Dobbs, a director of the institute. Power to the oldsters. Read the report here.


More below.


Alan Murray


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