Found in Robotics News & Content, with a score of 19.13
November 16, 2021
…on all public roads in Shenzhen’s service area. The Alibaba-backed company also released a new video of its driverless robotaxi navigating the expanded service area. The vehicle swiftly drove through Shenzhen's commercial center, arrived at its high-speed train station, and pulled up to the curb in front of a long line of parked vehicles dropping off passengers. Robotaxi race continues The initial global market for robotaxis is small, but its growth potential is huge, according to market analysis firms. The number of robotaxis could grow from 617 units in 2021 to 1.4 million units by 2030, experiencing a compound annual…
Found in Robotics News & Content, with a score of 22.67
September 14, 2021
…from the California Public Utilities Commission (CPUC) in June. Alibaba leads round Alibaba Group Holding Ltd. led the oversubscribed round, with a $200 million stake announced last month. DeepRoute.ai said it is the only autonomous driving company in China with Alibaba Group as strategic investor. Other venture capital companies such as Jeneration Capital participated, as did previous investors Fosun RZ Capital, Yunqi Partners, and Glory Ventures. Terms of the investment were not disclosed. “The self-driving technology market is highly competitive and features many exciting innovations,” said Jason Tan, partner and chief investment officer of Jeneration Capital. “We believe DeepRoute.ai’s engineering…
Found in Robotics News & Content, with a score of 35.30
August 27, 2021
Online retailer Alibaba Group Holding Ltd. has invested $200 million in autonomous driving developer DeepRoute.ai Ltd. Founded in 2019, DeepRoute is developing SAE Level 4 “full-stack,” self-driving capabilities for Tier 1 automotive suppliers, ride-hailing services, and logistics providers. Its DeepRoute-Sense II systems include multiple sensors including cameras and lidar, “bird's-eye view” vehicle detection, and semantic mapping and real-time positioning technology. DeepRoute has also developed simulations for testing autonomous vehicle models, and it uses 5G networks for remote control of vehicles. DeepRoute plans to ramp up from testing to deployment DeepRoute has collaborated with Dongfeng Motor and Geely Automobile on robotic…
Found in Robotics News & Content, with a score of 9.12
August 23, 2021
…roads without safety drivers. The company is backed by Alibaba and has partnered with automakers including Honda. In addition, AutoX said it is the second company to obtain permission from the California Department of Motor Vehicles for completely driverless vehicles. AutoX navigates urban villages Unique to China, so-called urban villages are ultra-high-density residential neighborhoods in major cities such as Shenzhen and Guangzhou, according to AutoX. They are typically surrounded by skyscrapers, transportation infrastructure, and other modern urban developments. The public roads in urban villages are extremely busy, chaotic and overcrowded, especially in the early evening, the company said. In the…
Found in Robotics News & Content, with a score of 7.75
June 28, 2021
…DeepMap. Billion-dollar race for AVs Xpeng, whose investors include Alibaba, raised $900 million in Series C+ financing in August 2020. The company raised $1.5 billion in its IPO on the New York Stock Exchange (NYSE), and The Wall Street Journal said the company has a market value of about $32 billion. Several of this year's top transactions in robotics and related technologies have been around autonomous vehicles (AVs), including Plus merging with a special-purpose acquisition company (SPAC) for a $3.3 billion valuation, Cruise's $2 billion investment from Microsoft and $750 million from Walmart and others, and Waymo's $2.5 billion funding.…
Found in Robotics News & Content, with a score of 15.93
May 06, 2021
…setup – which will include six high-resolution lidars and eight high-resolution 4D imaging radars. Corporate partners of AutoX include Alibaba Amap, Fiat Chrysler Automobiles, Honda, Dongfeng Motors, Shanghai Auto, BYD, Chery Automobile, Pengcheng Taxi, LetzGo Taxi, and DST. Top investors and strategic partners include Capital Today, Alibaba AEF, Dongfeng Motor, Shanghai Motors, MediaTek, and more.
Found in Robotics News & Content, with a score of 11.70
April 21, 2021
…35.1%, predicts Markets and Markets. Meituan's e-commerce rivals include Alibaba Group, Amazon.com, and JD.com. All of them are actively developing delivery robots and drones or are partnering with autonomous systems providers. Other companies working on delivery robots include Daxbot, Eliport, Postmates, Refraction AI, Tortoise, and Unity Drive Innovation. Kiwibot last week launched Version 4.0 of its eponymous robot and partnered with Segway. Chipotle invested in Nuro last month, and Domino's Pizza is testing deliveries with the Nuro R2 in Houston. In January, Starship Technologies raised $14 million and added more college campuses to the locations it serves. The company said…
Found in Robotics News & Content, with a score of 25.14
April 17, 2021
…other cities. In addition to Honda, AutoX's partners include Alibaba Amap, Fiat Chrysler Automobiles, and Dongfeng Motors, among other automotive companies. Its investors include Capital Today, Alibaba AEF, Dongfeng Motors, Shanghai Motors, and MediaTek. Honda to expand autonomous vehicle testing in China In this partnership, Honda said it use AutoX’s experience to deepen the partners' understanding of China’s traffic environment, establish public acceptance of safe autonomous driving, and seek new AI technologies. Honda is said its goal is to have “zero traffic collision fatalities by 2050.” The company began to apply “Honda SENSING” to a wide range of products in…
Found in Robotics News & Content, with a score of 7.68
February 08, 2021
…China. In December, China launched an antitrust investigation into Alibaba as the State Administration for Market Regulation (SAMR) announced that it would probe alleged monopolistic behavior. SAMR is investigating the company’s practice of forcing merchants to sign agreements that prevent them from selling their products on competitor’s platforms. Resistance is also increasing in Europe. On December 15, the European Commission announced a proposed package of digital markets legislation, the “Digital Services Act” (DSA) and the “Digital Markets Act” (DMA). The DSA aims at better regulation of major online platforms and includes measures to protect consumers from illegal content, increase transparency…
Found in Robotics News & Content, with a score of 12.56
May 11, 2020
…a service (IaaS) providers such as Amazon, Microsoft, Google, Alibaba and IBM; cloud-based collaboration and application providers; telecom operators providing cloud services; cloud connectivity partners; and colocation data centers. The COVID-19 crisis has highlighted several examples of processes that can be digitized and virtualized,” Bicknell continues. “Google has told job seekers it will conduct all interviews virtually via Google Hangouts for the foreseeable future. Corporate video conferencing is enabling both legal and medical case discussions, while telemedicine is being used to provide COVID-19 remote diagnosis and treatment. “The necessary wider move to cloud will now pose questions for organizations over…
Found in Robotics News & Content, with a score of 14.28
October 09, 2019
…in industrial manufacturing. Chinese cloud AI conglomerates such as Alibaba, Baidu, Huawei, and Tencent have all made AI in smart manufacturing a key priority in their business strategy. Manufacturing giant Foxconn even spun out Foxconn Industrial Internet (FII), a company focusing on developing software and building hardware, including precision tools, servers for cloud services, and robots, to accelerate its digitalization effort. However, despite the government’s will to transform the industrial sector, small- and medium-size manufacturers, which represent a significant proportion of the manufacturing sector in the region, are less incentivized to follow the government guidance in adopting AI and automated…
