Market trends and business perspectives
Uber Technologies has completed the acquisition of delivery robot startup Postmates in an all-stock transaction.
The two companies have begun the process of integrating US operations.
The transaction brings together Uber’s global Mobility and Delivery platform with Postmates’ business in the US to strengthen the delivery of food, groceries, essentials, and other goods. [Read more…] about Uber completes acquisition of delivery robot startup Postmates
Pittsburgh local authorities say they are looking to “infinity and beyond” after NASA awarded a local company, Astrobotic Technology, a $200 million contract to build and send the first-ever US rover to the Moon by 2023.
Specialising in the development of space robotics technology for lunar and planetary missions, Astrobotic was founded in 2007 by Carnegie Mellon University professor Red Whittaker and his associates.
Whittaker is considered the “father of field robotics” for his pioneering work and the company was designed with the specific goal of putting a rover on the Moon. [Read more…] about Pittsburgh looks to ‘infinity and beyond’ with $200 million NASA contract win
Blue Yonder and Uber Freight have agreed a partnership designed to help businesses build efficient and transparent global supply chains at a crucial time.
Digital transformation initiatives have accelerated over the last few months, as enterprises that ship goods embrace flexible operations to keep up with shifting demand.
Quickly recovering from supply shortages and creating a resilient business for the long term requires a well-managed, digitized supply chain, including freight transportation. [Read more…] about Blue Yonder and Uber Freight partner to develop ‘dynamic pricing discovery solution’
Hanwha Systems is making a $25 million investment in US air taxi startup Overair, and has received approval from the relevant authorities for the move.
Hanwha Systems and Overair research and development are planning to co-develop and bring the “Butterfly” to the US air-taxi market by the year 2025.
In early December of 2019, Youn-Chul Kim, CEO of Hanwha Systems, said that the Committee on Foreign Investment in the United States (CFIUS) approved Hanwha Systems’ $25 million investment in Overair (previously K4 Aeronautics), a leading US air-taxi startup. [Read more…] about Hanwha Systems gearing up to enter air taxi market
Despite the fact that AI is already being utilised in a huge variety of ways by a myriad of industry, it’s still perceived as being an emergent technology, something of great promise yet to materialise. This couldn’t be further from reality.
These four examples of AI and machine learning have already been saving you time and effort for years at this point, but it’s only really in the last few years that they’ve become completely viable and effective. I mean, remember Siri when it first came out? Spectacularly hit and miss.
AI, along with machine learning, has made a massive number of things possible across industries, proving critical to many different tech platforms. 37% of organisations have been found to utilise AI in some form. [Read more…] about 4 AI Functions Already Up and Running in 2019 That’ll Leave You Speechless
Taxi-sharing app maker Uber has been promised $1 billion in investment from companies including Toyota, Denso, and SoftBank Vision Fund.
The new funds will help accelerate the development and commercialization of its ridesharing services, says Uber in a statement.
Under the terms, Toyota and Denso will together invest $667 million and SVF will invest $333 million, valuing the new “Uber Advanced Technologies Group” entity at $7.25 billion on a post-money basis. [Read more…] about Toyota, Denso, and SoftBank pledge another $1 billion investment for Uber
Toyota Motor Corporation and Uber Technologies, Inc. have agreed to expand their collaboration with the aim of advancing and bringing to market autonomous ride-sharing as a mobility service at scale.
To accomplish this, technology from each company will be integrated into purpose-built Toyota vehicles to be deployed on Uber’s ride-sharing network. Separately, Toyota is investing $500 million in Uber.
“Combining efforts with Uber, one of the predominant global ride-sharing and automated driving R&D companies, could further advance future mobility,” said Shigeki Tomoyama, executive vice president, TMC, and president, Toyota Connected Company.
SoftBank is highly likely to go ahead with its plan to invest $10 billion in Uber, the ride-hailing app company, according to a report on CNet.com.
An Uber representative quoted by CNet says: “We’ve entered into an agreement with a consortium led by SoftBank and Dragoneer on a potential investment.
“We believe this agreement is a strong vote of confidence in Uber’s long-term potential. Upon closing, it will help fuel our investments in technology and our continued expansion at home and abroad, while strengthening our corporate governance.” [Read more…] about SoftBank to invest $10 billion in Uber
By Heather Somerville and Julia Love, Reuters
Uber Technologies’ drive to become a major player in the trucking business is off to a bumpy start, with analysts and industry executives questioning what exactly the company can bring to the sprawling $700-billion industry.
The San Francisco ride-services giant had planned to disrupt freight hauling by offering a complete package of trucking technology including self-driving trucks and smartphone-based logistics services.
But what has emerged so far, industry watchers say, is a modest effort to build a brokerage service connecting truckers looking for loads to shippers with cargo to haul. [Read more…] about Uber’s autonomous truck journey off to a bumpy start
Daimler says it has agreed a deal with Uber that aims to bring more self-driving vehicles onto public roads.
The “general agreement” is intended to pave the way for the supply and operation of self-driving Mercedes-Benz vehicles on Uber’s network.
The two companies say they intend to cooperate on the supply and operation of self-driving vehicles.
Under the terms of the cooperation Daimler plans to introduce self-driving vehicles also on Uber’s global ridesharing network in the coming years.
Daimler is the first auto company to join with Uber as it opens up its platform for manufacturers to introduce their own self-driving cars. [Read more…] about Daimler does deal with Uber on autonomous vehicles
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
