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It's a learning system, power sliding is a result of the entirety of it's learning.

I think it would be a result of the car turning left, loosing traction and automatically see that to get to its position it would have to turn right - balancing itself out and with that the slide just happens.

I agree, it's super impressive on video - also could not find the learning algorithm.

I would expect it to eventually "learn" that it can go much faster on the straightaways, or find the best line around the curves.

It is definitely exciting, impressive, and very cool. So much opportunity, and so much progress already.