Moore’s Law might work in computing, but not in autos

There was a shocking statistic in my colleague Pete Bigelow’s story last week about CES that should cause ulcers in automotive investors around the globe.

Automakers and others have committed those resources, investing more than $530 billion across autonomous, connected, electrified and shared mobility technology since 2010, according to the McKinsey Center for Future Mobility in the Americas.

But that massive number — $530 billion — is not the cause of global,…