Remove 2017 Remove Automotive Remove Sourcing
article thumbnail

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.

Robotics 143
article thumbnail

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 .

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

Top 10 robotics developments of October 2024

Robotics Business Review

Defined by the Society of Automotive Engineers (SAE) in 2014, this framework remains a standard reference in the field. This open-source research project is trying to generalize training for robots so that one doesn’t have to train thousands of examples of a task. Read More 9. Read More 8. Read More 6. The Mountain View, Calif.-based

Robotics 105
article thumbnail

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.

article thumbnail

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.

Robotics 122
article thumbnail

Aurora closes upsized public offering with gross proceeds of $483M

Robotics Business Review

Source: Aurora Innovation Autonomous trucks are picking up funding. Chris Urmson, Sterling Anderson, and Drew Bagnell founded the Pittsburgh-based company in 2017. Autonomous trucks from Volvo and others use Aurora Driver, SAE Level 4 self-driving technology. Aurora Innovation Inc. Aurora Innovation Inc.