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Innovations Born in Universities: How Student Ideas Transform the Business World

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In an era defined by rapid technological progress and the urgent need for sustainable solutions, the role of academia in fostering innovation has never been more critical.

Universities are not just institutions for imparting knowledge; they are vibrant incubators of ideas where the next generation of innovators and thinkers are shaping the future.

This narrative delves deeper into how student-led projects evolve into groundbreaking commercial successes, reshaping industries and society at large. [Read more…] about Innovations Born in Universities: How Student Ideas Transform the Business World

Figure raises $70 million Series A to support commercialization of Figure 01 humanoid robot

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A robotics startup called Figure, an AI Robotics company building general purpose humanoid robots, has raised $70 million in its Series A funding round. The company says the new funding will be used to accelerate the development of Figure 01, which is the company’s autonomous humanoid robot, build out Figure’s AI data pipeline for autonomous operations, and drive towards commercialization.

The round is led by Parkway Venture Capital and joined by participating investments from Brett Adcock, Aliya Capital, Bold Capital Partners, Tamarack Global, FJ labs, and Kuka Robotics CEO Till Reuter. This funding news comes on the heels of Figure’s emergence from stealth.

Figure is building humanoid robots designed for initial deployment into the workforce to address labor shortages and to support supply chain on a global scale. In recent months, Figure made notable hires across AI, Controls, Manipulation, Perception, and Commercial Operations. [Read more…] about Figure raises $70 million Series A to support commercialization of Figure 01 humanoid robot

Neubility partners with Samsung to launch delivery robots onto golf courses

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Delivery robots continue to expand their market while helping golf clubs’ technological makeover.

Autonomous robot delivery platform startup Neubility has launched what it says is “the world’s first” self-driving robot service on a golf course.

As part of that first start, Neubility has concluded an agreement with Korean Food Service Company, Samsung Welstory to provide autonomous delivery robots and plans to commercialize such delivery services for golf courses starting October. [Read more…] about Neubility partners with Samsung to launch delivery robots onto golf courses

Pony.ai becomes ‘first’ autonomous driving company to receive taxi license in China

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Pony.ai, an autonomous driving technology company, claims it has become the “first and only autonomous driving company to obtain a taxi license in China”.

Pony.ai was awarded a permit to operate 100 autonomous vehicles as traditional taxis in Nansha, Guangzhou.

In May, Pony.ai will start charging fares in the entire 800 square kilometers of Nansha with 100 robotaxis and intends to gradually expand the scale and scope of service to other areas of Guangzhou to benefit more residents. [Read more…] about Pony.ai becomes ‘first’ autonomous driving company to receive taxi license in China

DeepRoute.ai unveils ‘most advanced robotaxi fleet’

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DeepRoute.ai, an international autonomous driving technology company, announces a leading-edge robotaxi fleet equipped with its distinctive Level 4 autonomous driving solution, Driver 2.0.

Engineered for mass production and adoption by automakers, this advancement in autonomous vehicle technology previews what’s to come in the transportation industry and the future of L4 consumer vehicles.

Composed of 30 SAIC Motor Marvel R SUVs, the robotaxi fleet will deploy in Shenzhen, China, in the coming months. [Read more…] about DeepRoute.ai unveils ‘most advanced robotaxi fleet’

Baidu Apollo to launch fully driverless ride-hailing services in Beijing

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Baidu Apollo will launch fully driverless robotaxi services to the public in Beijing starting from May 2, 2021.

This will be China’s first paid autonomous vehicle service where users can hail a robotaxi without a safety driver behind the steering wheel, marking a landmark step on the road to commercialization of autonomous driving.

The fully driverless Apollo Go Robotaxi service will first be launched in Beijing’s Shougang Park – one of the venues for the 2022 Beijing Winter Olympics – and will soon be transporting visitors at the games. [Read more…] about Baidu Apollo to launch fully driverless ride-hailing services in Beijing

South Korea looks to strengthen position in global autonomous vehicles market with billion-dollar investment

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South Korea is looking to strengthen its position in the global autonomous vehicles market with an investment of 1.1 trillion South Korean won, which equates to about $1 billion.

The investment calls for the development of “level 4” autonomous cars, according to the Ministry of Science and ICT, according to a report on the Korean Times website.

Level 4 autonomy – as defined by the SAE – means that a car is capable of driving itself but is designed to be ultimately controlled by a human driver. [Read more…] about South Korea looks to strengthen position in global autonomous vehicles market with billion-dollar investment

Locomation integrates Nvidia chip into autonomous vehicle

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Locomation, a provider of autonomous trucking technology, says it will use the Nvidia Drive AGX Orin autonomous vehicle computing platform for the commercialization of self-driving trucks starting in 2022.

Locomation’s first commercial product in a series of planned product rollouts is Autonomous Relay Convoy (ARCTM).

ARCTM allows one driver to pilot a lead truck equipped with technology augmentation while a fully autonomous follower truck operates in tandem. [Read more…] about Locomation integrates Nvidia chip into autonomous vehicle