292: Using A.I. To Manage Traffic with Parquery CEO Andrea Fossati

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Investing, Business

4.8 • 518 Ratings

🗓️ 14 March 2024

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

There's a lot of buzz around A.I. and what the future holds... but what about its potential to change today's problems? All of us deal with traffic in our cars and there are A.I. systems already in place around the World helping to solve this issue. One such company is Switzerland based Parquery. Johnny speaks with CEO & Co-Founder Andrea Fossati to find out how they're able to help better control the flow of traffic both at intersections and in parking management. Then Johnny and Derek reflect on the good and bad traffic systems they've encountered around the world and how they'd execute Parquery's technology to optimize profitability.
About Andrea Fossati: Andrea Fossati co-founded Parquery in 2014 as a spin-off from ETHZ (Swiss Federal Institute of Technology of Zurich) and is currently its CEO. Parquery launched the first video-based Smart Parking Project in 2015 and is currently running 100+ Smart Parking and Mobility projects worldwide. Andrea Fossati received a Master of Science in Computer Engineering from Politecnico di Milano in 2005 and a Master of Science from the University of Illinois in Chicago in 2006. He completed his PhD at the Computer Vision Laboratory (CVLab) at the Swiss Federal Institute of Technology of Lausanne (EPFL). Since 2010, he has been working as a postdoctoral scientist at the Swiss Federal Institute of Technology of Zurich (ETHZ), where he has conducted research in various computer vision sectors and co-edited the book "Consumer Depth Cameras for Computer Vision", which was published by Springer in 2012.

Discussed:

Where we are:

Johnny FD – Pattaya, Thailand / IG @johnnyfdj
Sam Marks - Bangkok, Thailand / IG @sammarks12
Derek – Los Angeles, US / IG @DerekRadio

Sponsor:

ILAB Patreon
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Time Stamp:

00:20 - Derek/Johnny Intro
05:03 - Interview with Andrea Begins
20:39 - Obstacles to Implementing A.I. Cameras
26:45 - Was this technology around before the A.I. hype?
31:46 - Derek/Johnny Recap What Traffic Problems They've Seen

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Transcript

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0:00.0	Welcome to the Invest Like a Boss podcast. I'm Sam Marks. I'm Derek Sparts. And I'm Johnny F.D. We're self-made entrepreneurs who invest our own money and use modern technology to invest like a boss. Join us each week for exclusive interviews with our network of modern investors, business owners, and multimillionaires to discover new ways to invest our hard-earned cash.
0:19.8	What is up, Bosses?
0:21.7	Episode 292 of the Invest Like a Boss podcast.
0:25.4	My name is Derek Sparts.
0:26.8	I took a short little trip,
0:28.7	little getaway to Mexico.
0:30.4	I'm back in Los Angeles.
0:31.9	Johnny, we're doing this because we had a little scheduling mixup.
0:35.8	Where are you right now?
0:37.3	I'm at a fishing park, a little pond in about a half an hour outside of patio.
0:42.5	This is the, oh, you're not ocean fishing. This is just, just some pond you found. How'd you
0:46.3	find this place?
0:47.2	Yeah. So it turns out there's a bunch of these, these like literal ponds, all right? They're
0:51.9	muddy looking ponds that people stock up with fish and old British guys. I'm going to just spend the day, you know, drink beer and then fish all sorts of kind of cool stuff. I mean, you can catch, you know, these like, you know, 30-pound, you know, Siamese catfish. You can catch, you know, these, like, all these exotic fish, all these different kind of carps and everything and some of them are really big so they're not like natural to the pond
1:15.7	there's someone actually stocking them so there's like just a variety of fish yeah there's like
1:20.7	20 different fishing catch you know from you know uh alligator uh alligator wait there's gators in there?
1:29.1	No, not a real alligator, but I can.
1:32.2	You probably catch piranhas.
1:33.2	There's everything here.
1:37.6	That actually sounds cool, but I don't know if you should be eating, though. Is that, that water looked a little sketch from what you showed me.
1:41.3	Okay.
1:42.2	All right, good.
	...

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