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The Robot Report

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Serve Robotics raises $40M with IPO to expand Uber Eats deliveries

  • Serve Robotics, a robotics-as-a-service (RaaS) company, went public on Nasdaq, raising $40 million in its initial public offering.
  • Serve Robotics, backed by strategic partners including Uber and NVIDIA, specializes in AI-powered robots for local deliveries in urban settings.
  • Serve Robotics plans to expand its fleet of mobile robots and deliver with Uber Eats in new cities such as Vancouver, San Diego, and Dallas.
  • The IPO proceeds will be used for research and development, manufacturing operations, growth into new regions, and general company needs.

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The Robot Report

4h

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Yaskawa MOTOMAN NEXT robots run on Wind River Linux, NVIDIA Jetson

  • Yaskawa Electric is using Wind River Linux in the development of its new product MOTOMAN NEXT.
  • MOTOMAN NEXT is powered by NVIDIA Jetson Orin and Wind River Linux, allowing the robot to realize new levels of intelligence and autonomy.
  • The combination of Wind River Linux and the NVIDIA Jetson platform enables advanced AI edge applications.
  • MOTOMAN NEXT can handle challenging tasks in unstructured environments, thanks to its perception and judgment capabilities.

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Insider

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Zuck just revealed the secret ingredient in his bromance with Jensen Huang

  • Mark Zuckerberg reveals the secret ingredient in his bromance with Jensen Huang.
  • Zuckerberg talks about their friendship on a podcast, mentioning how they bonded over cooking cheesesteaks.
  • They discuss their approaches to running their respective companies and exchange stories.
  • Zuckerberg praises Huang's leadership and contributions to the tech industry in a profile for Time magazine.

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Insider

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TSMC's stalled Arizona chip factory is 'well on track' to start production next year — and it'll be charging more for US-made chips

  • TSMC's Arizona chip factories have faced construction delays.
  • But the company said it's "well on track" to start producing chips at its first factory in 2025.
  • TSMC also has plans to build two factories in Japan and one in Germany.
  • It plans to charge more for chips made outside Taiwan to combat higher manufacturing costs.

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Medium

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Exploring NVIDIA GTX vs RTX: Choosing the Right GPU for your budget

  • The GeForce GTX 1650 is a budget-friendly option with reliable performance for 1080p gaming and content creation.
  • The GeForce RTX 3050 offers more powerful performance, faster VRAM, and support for cutting-edge features like DLSS and ray tracing.
  • Choose the GTX 1650 for a tight budget and efficient power usage, while the RTX 3050 is ideal for top-notch gaming experiences and future-proofing.
  • The GTX 1650 has a TDP of 75W, while the RTX 3050 has a slightly higher TDP of 95W.

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Siliconangle

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Uber- and Nvidia-backed Serve Robotics ends Nasdaq debut down 22%

  • Serve Robotics, a sidewalk delivery robots company backed by Uber and Nvidia, had a disappointing debut on the Nasdaq.
  • Shares closed more than 22% below the $4-per-share listing price on the first day of trading.
  • Serve Robotics offers delivery robots that can carry up to 50 pounds of merchandise and operate autonomously in most situations.
  • The company provides robotic food delivery services for Uber Eats, with thousands of robots deployed in Los Angeles and San Francisco.

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Pymnts

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Google’s Restructuring Shows AI’s Impact on Finance Function

  • Google CFO Ruth Porat is restructuring the finance team to focus on artificial intelligence (AI) initiatives.
  • CFOs are increasingly leading digital transformation in organizations, investing in technologies to add value.
  • By embracing AI, CFOs can enhance operational efficiency, resource allocation, and deliver value to stakeholders.
  • Implementing digital tools can significantly increase workflow output and accelerate the value finance brings to the company.

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Medium

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Unveiling the Potential: 15 Compelling Applications of AR in Finance

  • AR can inject excitement into financial literacy programs through gamified experiences.
  • AR enables personalized investment portfolio visualization for informed decision-making.
  • AR simplifies loan applications by capturing property details through smartphones.
  • AR empowers investors with real-time market data for informed decisions.

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Analyticsindiamag

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Indian Govt Deal with Nvidia Post-Elections Likely: Reports

  • A deal could be struck between the Indian government and Nvidia post-elections to source GPUs.
  • The deal aims to aid local startups, research centres, and institutions at a subsidised rate.
  • The government plans to adopt a rent-and-sublet model to provide GPUs for building AI compute infrastructure.
  • Nvidia was approached due to its stronghold in the GPU market.

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Analyticsinsight

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Best AI Stock to Buy in the Place of NVIDIA

  • Advanced Micro Devices, Inc. (AMD) has emerged as a top competitor in the AI market, challenging NVIDIA's dominance.
  • AMD has strategically invested in developing AI-dedicated processors and hardware accelerators, recognizing the growing demand in the AI industry.
  • Through strategic partnerships and acquisitions, such as its purchase of Xilinx Corporation, AMD has positioned itself as a desired player in the AI sector.
  • Investors find AMD attractive due to its strong product portfolio, partnerships, and positive financial results, contributing to its rise in the AI market.

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Pymnts

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Digital Tools Go for Gold at Paris Summer Olympics

  • The 2024 Paris Olympic and Paralympic Games are leveraging technology to enhance athlete and fan engagement.
  • Key digital innovations include 100% digital ticketing, real-time broadcasting, and 5G networks for high-speed streaming.
  • Artificial intelligence (AI) will provide personalized experiences and facilitate accessibility for visually impaired users.
  • Augmented reality (AR), virtual reality (VR), and mixed-reality (MR) technologies will offer immersive viewing experiences for fans worldwide.

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Insider

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Nvidia stock could soar 81% if investors recognize its full potential as an AI ecosystem, rather than just a chipmaker, Evercore says

  • Nvidia stock could soar 81% if investors realize it's more than just a chip company, according to Evercore ISI.
  • Evercore believes Nvidia has morphed into an AI ecosystem play that could generate $69 per share in earnings power by 2030.
  • Investors underestimate the importance of the chip+hardware+software ecosystem created by Nvidia, says Evercore.
  • Nvidia is the clear leader in a new computing platform and is expected to capture 80% of the parallel processing market by 2030.

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Kotaku

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Final Fantasy 14 Benchmark Gives Fans A Taste Of Dawntrail’s New Features

  • Dawntrail, the next expansion for Final Fantasy XIV, releases on July 2.
  • The official benchmark for the game, available since April 14, allows players to experience new features like a graphical overhaul and the introduction of a new race (female Hrothgar).
  • The benchmark also showcases the new tropical location of Tural, along with improved graphics, 4K HD support, and new jobs.
  • Square Enix has provided updated minimum and recommended system requirements for the expansion.

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Insider

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Bad news for Apple and Meta: Kids are bored with VR goggles

  • Around 56% of teen VR device owners rarely use them, according to a Piper Sandler survey.
  • The Apple Vision Pro VR headset has mixed reviews, with people unsure of its use case.
  • Although Meta has sold over 20 million Quest headsets, teenagers are not using them much.
  • Piper Sandler survey respondents expect to spend $225 on video games in the first half of 2024.

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Pymnts

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Unlocking Efficiency: How Digital Invoicing Can Transform Operations

  • Digital invoicing offers numerous advantages over traditional paper-based methods.
  • It enables instant transmission of invoices, quick payments, and seamless storage of invoice data and payment information.
  • Digital invoicing accelerates working capital management, optimizing cash flow and financial resilience.
  • Efforts to educate businesses about digital invoicing are gradually dismantling barriers to adoption.

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