Found in Robotics News & Content, with a score of 55.02
January 11, 2022
…the race to self-driving vehicles continues, so has consolidation. Magna International Inc. today said it has hired more than 120 employees of Optimus Ride Inc. Aurora, Ontario-based Magna said the engineers from the Boston-based autonomous shuttle developer will help its capabilities in advanced driver-assistance systems, or ADAS. “Growing our engineering bench strength in sensing hardware and software helps accelerate our path forward in a rapidly growing ADAS market,” stated John O’Hara, president of Magna Electronics. The companies did not disclose financial terms of the acquisition, and Magna will also gain Optimus Ride's assets and intellectual property. Magna combines vehicle expertise…
Found in Robotics News & Content, with a score of 44.66
September 13, 2022
Global mobility technology company, Magna, and San Francisco-based autonomous robotics company, Cartken, announced last week an agreement for Magna to manufacture Cartken’s autonomous delivery robot fleet to meet growing demand for last mile delivery. Manufacturing of Oakland, Calif.-based Cartken’s Model C has begun in a Magna facility in Michigan. Production capacity is expected to ramp up over the next few months and as the collaboration expands, the two companies plan to include additional autonomous delivery models based on the same platform for different use-applications and robot-as-a-service business models. Thousands of delivery robots are expected to be produced Based on Cartken’s…
Found in Robotics News & Content, with a score of 25.71
May 28, 2024
…manufacturing industry. Sanctuary AI announced a strategic partnership with Magna, a global mobility technology company. Magna, according to a release, is one of the largest automotive suppliers in the world and a significant buyer of industrial robots. “We see this as not only the cornerstone of general-purpose AI robotics but a critical step on the path to artificial general intelligence, and we’re thrilled to be leading the charge on it,” Rose added. “This all adds up to being able to capture increasing quantities of higher quality, higher fidelity human behavioral data, which in turn will expedite the development of foundational…
Found in Robotics News & Content, with a score of 15.81
February 28, 2024
…Iron Mountain warehouses located in Kettering Symmetry Park, Lutterworth Magna Park North, and Rugby Symmetry Park. 3PL provider turns to automated inventory management Iron Mountain expanded into the third-party logistics (3PL) market in 2021. With over 225,000 customers worldwide, the company was looking for an automated inventory management and space optimization system for its warehouses. Dexory offers full-service inventory control automation, which combines inventory-scanning robots and warehouse inventory analytics software, all built and maintained in-house. Its robots measure, count, track and find inventory across warehouses, navigating around obstacles and through product racks. Collected data is pushed in real time to…
Found in Robotics News & Content, with a score of 13.23
February 23, 2021
…many people as possible take advantage of these accelerated work and apprenticeship programs.” Over 40 leading companies, including Dana, Magna, Tyson Foods and Flex-N-Gate, have agreed to support and participate in apprenticeships for automation technologies, ensuring that their employees receive adequate training and are qualified to succeed. Further information can be found here.
Found in Robotics News & Content, with a score of 12.60
June 16, 2021
…Pension Plan Investment Board, Fidelity Management & Research Company, Magna International, Mubadala Investment Company, Perry Creek Capital, and Silver Lake participated in Waymo's latest round. In addition, funds and accounts advised by T. Rowe Price Associates Inc., Temasek, and Tiger Global invested in the company. Other companies that have obtained billions in investment include Uber, Didi Chuxing, Tesla, and Cruise. The global market for autonomous vehicles will experience a 64.5% compound annual growth rate (CAGR) between 2020 and 2027, said Precedence Research. Similarly, Grand View Research predicted a 63.1% CAGR, from about 6,700 units in 2020. “Experience has taught us…
Found in Robotics News & Content, with a score of 11.55
October 26, 2022
…strong demand from partners, including Grubhub, Mitsubishi, and U.K. delivery company DPD. In September, Cartken announced a partnership with Magna International, a leading global automotive supplier, to help scale up manufacturing of its robots. The agreement offers production of thousands of AMRs as well as development of additional robot models for different use cases.
Found in Robotics News & Content, with a score of 11.16
March 03, 2022
…A round included Bell, Evok Innovations, Export Development Canada, Magna, SE Health, Verizon Ventures, and Workday Ventures. “Sanctuary's novel approach and progress set them apart, as they look to build transformative innovations of tomorrow with the potential to reshape the future of work,” stated Michelle McCarthy, managing director of Verizon Ventures. Marty Reed, a partner at Evok Innovations, added: “Our investment in Sanctuary is in complete alignment with our mission at Evok Innovations to protect the environment and strengthen the economy. We believe that Sanctuary has the fastest, lowest-cost, and most commercially viable path to building human-like intelligence in machines.”…
Found in Robotics News & Content, with a score of 11.04
January 14, 2022
…Cruise acquired Voyage in March 2021. Also this week, Magna International acquired the employees and assets of Boston-based Optimus Ride Inc. Former Local Motors executives expressed optimism, however, about the industry's potential. “As with most adventures, they must come to an end. Local Motors has closed its doors,” wrote Jeff Hollowell, senior vice president of information technology at Local Motors, on LinkedIn. “It has been an exciting, challenging, and educational experience working with Olli and all the team at Local Motors.” “I am disheartened to announce that Local Motors will cease to exist as of January 14,” said Chris Stoner,…
Found in Robotics News & Content, with a score of 10.63
January 12, 2022
…Series D funding. Its announcement came a day after Magna International Inc. acquired autonomous shuttle developer Optimus Ride Inc. Nuro designed for safety, sustainability Nuro said its third-generation vehicle is designed to carry more goods and enable more deliveries, with twice the cargo volume of its second-generation vehicle. The automotive production-grade vehicle will also feature modular inserts to customize storage and new temperature-controlled compartments to keep goods warm or cool. Since all of Nuro’s vehicles are designed for transporting goods and not passengers, the new vehicle continues to prioritize the safety of other road users and in particular pedestrians and…
Found in Robotics News & Content, with a score of 10.07
May 17, 2023
…the company said it has assembled vendors and partners including Apptronik, Bell, Common Sense Machines, Contoro, Cycorp, Exonetik, HaptX, Magna, Tangible Research, Verizon Ventures, and Workday Ventures. In other humanoid robotics news, Tesla founder Elon Musk touted the potential value of the Optimus robot during the company's shareholder meeting yesterday.
Found in Robotics News & Content, with a score of 9.62
October 04, 2017
…committee and Oakland County Michigan Works! Event sponsors include Magna International, Lawrence Technological University, Kelly Services, FCA – Fiat Chrysler Automobiles, Automation Alley, Wenzel and Oakland Community College. Nationally, the U.S. manufacturing sector supports more than 18.5 million jobs, according to the National Institute of Standards and Technology (NIST). The manufacturing sector accounts for 12% of the U.S. gross domestic product annually, according to NIST data. Southfield-based automotive supplier Comau is hosting students at three locations in Oakland County. Mark Bologna, head of manufacturing at Comau-NAFTA, said the increase in automation and digital factories has made it critical to have…
