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Except that is exactly what Nvidia did, and it worked out fine for them: https://arxiv.org/abs/1604.07316
Furthermore, they augmented the data with left/right-offset cameras to supplement the data with examples of "bad" camera views. This is not present on Tesla cars (because these sensors are only used for training purposes)
In fact, the paper actually supports my point. They collected all this data for one task, lane keeping. They subdivided the problem of autonomous driving, and managed to solve one small subproblem (the easiest subproblem of autonomous driving, solved for decades already). They avoided the need for annotators, but only because they used specialized purpose-built cameras to augment the data.
Complete LIDAR units are already available for under $500[1]. There are other, cheaper sensors which aren't as good as full LIDAR but are available for under $100[2].
There are plenty of other options hitting the market soon too[3]
[1] http://www.teraranger.com/products/teraranger-lidar/
[2] https://www.pulsedlight3d.com/
[3] https://www.washingtonpost.com/news/innovations/wp/2015/12/0...
Back in 2003, I dragged a VC down to see Advanced Scientific Concepts in Santa Barbara. They make the best flash LIDAR. But they were happy being a DoD and aerospace contractor, selling expensive one-offs. The Dragon spacecraft uses an ASC flash LIDAR to dock with the space station. DARPA buys their units. But their price point is around $100K. There's no inherent reason it has to be that expensive, but it takes custom sensor ICs made in small quantities. Last March, Continental AG (German tire/brake/auto parts company) bought the technology from ASC.[1] We'll have to see how that works out. This is the right technology if the price point can be brought down.
[1] http://www.spar3d.com/news/lidar/flash-lidar-company-acquire...
people are trying to fix this problem too