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IFR: world sets record for operational robots in 2022

Robotics Business Review

Source: IFR South Korea was the most automated country by robot density in 2022, according to the IFR. Its robot density has increased by 6% on average each year since 2017. Its economy benefits from two large robot buyers, as well as a strong electronics industry and automotive industry. However, in 2021 the U.S.

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Cruise and Motional backers slash robotaxi funding

Robotics Business Review

based robotaxi companies, lost major funding sources that could significantly alter their futures. billion on Cruise since 2017. Motional , the $4 billion joint autonomous vehicle venture created in 2017 by Hyundai and Aptiv, lost one of its main financial backers. Hyundai and Aptiv partnered in 2017 on Motional.

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Hyundai picks up some Aptiv shares of Motional for $448M

Robotics Business Review

Source: Motional Aptiv PLC and Hyundai Motor Group have completed their ownership restructuring transitions for Motional AD LLC. Aptiv is a leading automotive parts supplier. It launched Motional with Hyundai in 2017 as a joint venture initially worth $4 billion.

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How the automotive industry can turn data into their advantage

AU Manufacturing

For the automotive industry , edge computing represents a solution to latency, bandwidth, and autonomy challenges, as well as regulatory and security requirements, that hold us back from reaching the full potential of data. Internet of Vehicles data can be a competitive advantage if processed close to the source .

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Wayve announces strategic partnership with and investment from Uber

Robotics Business Review

Source: Wayve Most self-driving vehicle developers, like Cruise and Waymo, meticulously map the areas their robotaxis will drive in. Founded in 2017, the company is backed by investors including SoftBank Group, NVIDIA, and Eclipse Ventures. These maps are constantly updated, and the vehicles that use them are limited to mapped areas.

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Outrider obtains 11th U.S. patent for yard automation

Robotics Business Review

Source: Outrider Between the automated warehouse and self-driving long-haul vehicles, there is the opportunity to add robotics to yard management. In 2017, we recognized that autonomously moving 50,000-lb. Source: Outrider Outrider patent efforts advance Outrider now has 11 issued patents and over 50 pending patents in the U.S.

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Wayve raises $1.05B for autonomous driving technology

Robotics Business Review

Source: Wayve Wayve yesterday announced it closed a $1.05 The London-based developer of embodied artificial intelligence (AI) for autonomous driving was founded in 2017. Wayve has developed hardware-agnostic foundation models for autonomous driving. billion Series C funding round.