This roundup covers Rivian's technology ambitions and other transportation developments. Rivian CEO and founder RJ Scaringe wants Rivian to become more than an electric vehicle maker without abandoning that mission. Rivian is far more vertically integrated than Rivian was a couple of years ago. Rivian has developed AI models to power Rivian's in-vehicle assistant. Rivian is building an end-to-end automated driving system for passenger vehicles and future robotaxis through a partnership with Uber. Rivian is also developing a custom 5 nm processor in collaboration with Arm and TSMC.
Rivian has a $5.8 billion joint technology venture with VW Group focused on electric architecture and software. Scaringe discussed expanding the venture to cover AI and autonomy. Scaringe also discussed licensing Rivian's technology to many different brands. Rivian is preparing to license electric architecture, software, AI models and autonomous driving technology, positioning Rivian as a technology supplier rather than only an electric truck and SUV maker.
Scaringe created a micromobility development program that has since become an independent startup called Also. Scaringe also founded industrial robotics startup Mind Robotics, which is now 31% owned by Rivian and counts Rivian as a prospective customer. Scaringe announced that Mind Robotics has hired former Ford, Apple and Tesla executive Doug Field as president. Mind Robotics is building industrial robots for use in Rivian factories and for sale to other companies. A successful robotaxi launch with Uber could create opportunities for more deals. Scaringe said personally owned autonomous vehicles beyond the R2 and R3 could enable different vehicle designs and experiences over the next 10 years.
Axios reported, citing sources, that Bedrock Robotics is raising $600 million to develop autonomous driving technology for construction vehicles. A regulatory filing shows that Dot Ai completed the acquisition of electric vehicle car-sharing business Envoy Technologies in a $65 million all-stock transaction. Evos, which develops AI agents to automate industrial work including freight brokerage, raised $9 million in a pre-seed round co-led by Uncork Capital and Field Ventures. Colorado-based Mana Battery, which develops anode-free sodium batteries, raised $10.15 million in a round led by Voyager Ventures. Autonomous trucking developer PlusAI and Texas Ventures Acquisition III filed a Form S-4 registration statement with the Securities and Exchange Commission, advancing a previously announced merger agreement to take PlusAI public.
Volvo is expanding a nearly decade-long partnership with Nvidia to improve Volvo's automated driving system. Neither company disclosed financial terms. Volvo plans to use three Nvidia products to offer hands-free, point-to-point driving on highways and surface streets. Self-driving truck developer Waabi secured a commercial partnership with carrier Warrior Logistics. Waabi's self-driving trucks will move freight between Dallas and Houston under the agreement.
Electric vehicle sales in the United States are showing signs of recovery. Laplace Intelligence, one of 20 startups that competed in TechCrunch's Startup Battlefield 200, is building automated testing that stress-tests robots and self-driving cars. MIT startup LNK Energies says LNK Energies has developed a way to convert existing heavy-duty diesel trucks to hydrogen, reducing pollution and costs while shielding operators from price spikes. Chinese cars are a central focus at the Paris Auto Show.
Tesla showcased a SpaceX-powered Roadster with a kickflip stunt. The Roadster used high-powered fans and thrusters to drive up an inverted ramp, rotate and land on the pavement below. Tesla CEO Elon Musk claims the vehicle will be on the road by 2028. The legality of future owners performing such maneuvers on public streets remains doubtful.
Waymo is expanding into Toronto, Canada, after receiving approval to participate in an automated vehicle pilot program. Waymo has also opened robotaxi service to everyone without waitlists in San Antonio, San Diego and Tampa.
Rivian Expands Tech Ambitions with AI, Autonomous Driving, and Partnerships
FLASH AIShare
Summary
Rivian is pushing forward with AI + crypto news applications in vehicle systems, including in-car assistants and autonomous driving tech. The company is working with Uber on an end-to-end self-driving system and has partnered with Arm and TSMC to build a custom 5 nm chip. Rivian also plans to license its electric architecture and on-chain news compatible software to other brands. A $5.8 billion joint venture with VW Group may expand into AI and autonomous tech.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.