Found in Robotics News & Content, with a score of 12.52
June 22, 2021
…trying to upend a fragmented long-haul trucking business with driverless technology. Other companies working on autonomous freight hauling include Waymo, Kodiak Robotics, Einride, and TuSimple. In June 2020, Amazon agreed to pay over $1 billion to buy self-driving startup Zoox Inc. as part of the e-commerce giant's efforts to reduce transportation costs by investing in autonomous vehicle technology. Plus has been working with Chinese delivery company SF Holding Co., which uses PlusDrive-enabled trucks that can cover 1,500 km (932 mi.) per day.
Found in Robotics News & Content, with a score of 12.41
April 15, 2021
…consolidation, reflecting the challenge of getting to full autonomy. Waymo raised $3 billion, Xpeng Motors had an initial public offering (IPO) of $1.5 billion, and Amazon.com acquired Zoox for $1.2 billion in 2020. In January 2021, Cruise and parent company General Motors announced that they will work with Microsoft's Azure cloud computing platform as they develop and commercialize self-driving vehicles. Microsoft joined GM, Honda, and other investors in investing $2 billion in Cruise. Last month, Cruise acquired Voyage, which has been working on technology to provide autonomous mobility in senior citizen communities. Autonomous vehicle companies accounted for more than $3.3…
Found in Robotics News & Content, with a score of 11.52
September 14, 2021
…private equity business has invested in technology companies including Locus Robotics, Facebook, LinkedIn, JD.com, Spotify, Peloton, Instacart, DoorDash, and Waymo.
Found in Robotics News & Content, with a score of 11.19
April 29, 2022
…developers such as Argo AI, Aurora, Locomation, Motional, and Waymo. Last week at the PRN’s “State of Our Autonomous Vehicle Industry” event, the organization released its “Pittsburgh Robotics Cluster Profile,” which focused on the region’s unique position for fostering growth and opportunity in global robotics and autonomy industries. “Regions who are able to build out their technology ecosystems to support this type of integration will be poised to realize major economic growth,” said Reed. “In the process of creating this Robotics Cluster Profile, we've identified over 100 robotics companies and over 40 supporting organizations, making the Pittsburgh region one of…
Found in Robotics News & Content, with a score of 10.68
November 20, 2021
…Google and X, as well as autonomous driving developer Waymo LLC. Generalizing lessons The X project researchers said they have applied algorithms and learnings to enable robots to generalize from one task, such as opening a door, to another task like pushing a chair. This could lead to robots that can sort trash, wipe tables with a squeegee, and grasp both cups and door handles, said Brøndmo. “Back in the 1980s, roboticist and AI luminary Hans Moravec observed that while it’s easy to train computers to do things that humans find hard, like play chess or do advanced mathematics, training…
Found in Robotics News & Content, with a score of 10.59
November 04, 2021
…(M$) Transaction Date Cruise San Francisco 2,750 Investments 4/15/2021 Waymo Mountain View, Calif. 2,500 Investments 6/16/2021 Xpeng Hong Kong 2,000 IPO 6/24/2021 Momenta Beijing 1,200 Series C, C+ 11/4/2021 TuSimple San Diego 1,081 IPO 4/7//2021 Aurora Pittsburgh 1,000 SPAC 7/15/2021 Plus Cupertino, Calif. 920 SPAC, IPO 6/23/2021 WeRide Guangzhou, China 620 Series B, C 6/23/2021 Embark San Francisco 614 SPAC 6/23/2021 Level 5 San Francisco 550 Acquisition 4/26/2021 The global market for autonomous vehicles will experience a compound annual growth rate (CAGR) of 14%, growing from $719.94 billion in 2020 to $1.3 trillion in 2025, according to Research and Markets.…
Found in Robotics News & Content, with a score of 10.44
February 25, 2022
…van pilot for multiple U.S. cities, while China-based WeRide is testing driverless vehicles in San Jose, Calif. Alphabet unit Waymo recently sued the California Department of Motor Vehicles to keep details of its autonomous vehicle deployment permit, including some public-safety data, private. It and other developers are also testing autonomous vehicles in Arizona.
Found in Robotics News & Content, with a score of 10.34
January 14, 2022
…delivery robot firm Nuro acquired self-driving trucking firm Ike. Waymo, which is owned by Google parent Alphabet, and Cruise, which spun out of General Motors, have pumped billions of dollars into self-driving car research and development. 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…
Found in Robotics News & Content, with a score of 9.88
April 24, 2017
…Google-owner Alphabet recently spun out its self-driving car unit, Waymo, into its own subsidiary. Apple was just granted a license in California to test autonomous vehicles. Ford and General Motors are also doubling down on creating autonomous vehicles. Now Amazon could be eyeing driverless car technology as a way to get items to people's doors faster, according to a new report from the Wall Street Journal. “Amazon.com Inc. has created a team focused on driverless-vehicle technology to help navigate the retail giant’s role in the shake-up of transportation, according to people briefed on the matter.” The initiative, still in its…
Found in Robotics News & Content, with a score of 9.88
July 23, 2021
…described Intrinsic as its “other bet” in addition to Waymo autonomous cars, Verily Life Sciences for healthcare, and Wing delivery drones. Tan-White said Intrinsic has been working on its technologies for five and a half years, and it is looking for partners in the automotive, electronics, and healthcare industries that are already using robots. Intrinsic's staff is based in Mountain View and Munich, Germany. It includes leading roboticists and AI experts such as Chief Technology Officer Torsten Kroeger, Engelberger Award winner Martin Haegele, robotics innovator Rainer Bischoff, and reinforcement learning expert Stefan Schaal. The startup is hiring for several engineering…
Found in Robotics News & Content, with a score of 9.82
December 13, 2021
…m). Ryder is also working with autonomous truck developers Waymo, Embark, and TuSimple. Transaction to close soon The transaction is accretive to shareholders, and Ryder expects it to add approximately $480 million in gross revenue to its supply chain solutions business segment in 2022 and provide incremental growth to its earnings in 2022. Ryder and Whiplash said they expect to complete the transaction in late December 2021 or early January 2022, subject to satisfaction of antitrust approvals and customary closing conditions. Wofford Advisors LLC acted as lead strategic advisor to Ryder, and Blank Rome LLP acted as legal counsel on…
Found in Robotics News & Content, with a score of 9.39
December 20, 2021
…$600 million in a Series D funding round, Alphabet's Waymo participated in one external fundraising round of $3 billion, and startup Coco closed on $36 million in funding in August 2021. Other delivery vehicles currently on the market are remotely piloted, “which significantly dilutes their ability to save human labor and create the strongest ROI possible,” claimed Artificial Intelligence Technology Solutions. The company said its RAD-M delivery vehicle will primarily operate autonomously, with a minimum amount of necessary human support. “I strongly believe that there is plenty of room for a breakout market leader in the delivery robot sector that…
