In 2012, Russell founded Luminar at age 16 while an independent researcher at the University of California, Irvine’s Beckman Laser Institute where he was studying in lieu of high school. Austin Russell is CEO of Luminar Technologies. But not everyone is sold on the technology –notably Musk, who is championing a different approach at Tesla involving digital video cameras, and has called lidar “a fool’s errand”. Russell (born March 14, 1995) is an American entrepreneur who is the founder of Luminar Technologies. If the $3trn-a- year industry backs him, Russell’s fortune could explode exponentially. Luminar, a self-driving-car startup founded by CEO Austin Russell at the age of 17 while he was in high school, said Monday it would go public in a 3. Moreover, Austin Russell, who formed the company in 2012, has a current net worth of around 2.4 Billion.
Considered by some to be the “keystone” to the autonomous driving revolution, Russell’s ultimate ambition is to see Luminar’s version “incorporated as standard into all vehicles”. 10 Facts on Austin Russell Austin Russell is an American businessperson who is the current CEO of the vehicle technology company Luminar Technologies. Luminar’s great breakthrough has been to produce a “relatively cheap” (in some cases less than £1,000 per unit) iteration of “lidar”: the laser-beam technology that enables driverless cars to “see” their surroundings, thereby allowing them to navigate and avoid obstacles. More to the point, perhaps, the lanky six-foot-four entrepreneur – who “could pass, quite easily, for a young American pastor” – is one of the few people who has “got Elon Musk worried”, says The Times. Following Luminar’s float last December, which valued his stake at $2.4bn, Russell can lay claim to being the youngest self-made billionaire in the world.
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