Found in Robotics News & Content, with a score of 11.81
…driver-out operations in 2023,” it said. SPARX Group Co.'s Mirai Creation Fund II led the round alongside Tokio Marine, Toyota Tsusho, and Bridgestone Americas. SoftBank, State Farm Ventures, Next Century Ventures, SAIC, Wanxiang, Karma, and 10x Group joined May Mobility's supporters. Returning investors included Toyota Ventures, Millennium Technology Value Partners, Cyrus Capital Partners, LG Technology Ventures, and Maven Ventures. Insurance industry supports AVs for safety Joining Tokio Marine, State Farm Ventures participated in May Mobility's Series C round, becoming one of the first U.S.-based insurers to invest in AVs. The company said the investment indicates the insurance industry's growing support…
Found in Robotics News & Content, with a score of 7.66
…10 products, such as our U.S. Top 10 with Mirai, which is $1.2 billion. There's a simple Top 10 technology index on Nasdaq with some AI focus. Every CEO says AI is the future. One and a half years ago, they would have said “the metaverse.” It's not that AI isn't potentially revolutionary; people just tend to overstate how a trend is happening. Or, they forget that it was happening—we focus on ChatGPT 4 but not on ChatGPT 1 to 4. Volatility is nobody's friend In March, the Silicon Valley Bank (SVB) and Credit Suisse failures shook the robotics industry,…