UPDATE - Gatik Raises $85 Million in Series B Funding Led by Koch Disruptive Technologies (KDT) to Scale Its Fleet of Autonomous Box Trucks Across North America forextv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forextv.com Daily Mail and Mail on Sunday newspapers.
Reporting by Helen Popkin, Aayushi Pratap and Nina Wolpow
The Covid-19 pandemic was devastating for many industries, but it only accelerated the use of artificial intelligence across the U.S. economy. Amid the crisis, companies scrambled to create new services for remote workers and students, beef up online shopping and dining options, make customer call centers more efficient and speed development of important new drugs.
Even as applications of machine learning and perception platforms become commonplace, a thick layer of hype and fuzzy jargon clings to AI-enabled software.That makes it tough to identify the most compelling companies in the spaceâespecially those finding new ways to use AI that create value by making humans more efficient, not redundant.
Apr 07, 2021
The two companies hope the collaboration will accelerate the commercialization of autonomous delivery fleets while contributing to a safer and more sustainable logistics community in the future.
Isuzu North America Corporation and B2B middle-mile logistics startup Gatik announced Tuesday a collaboration to develop and evaluate fully autonomous medium-duty trucks.
The effort – an industry first in the medium-duty segment – will integrate Gatik’s autonomous driving technology into several Isuzu medium-duty N-Series trucks to produce SAE Level 4 delivery vehicles with redundant systems. The first vehicles are expected to be deployed later this year. Considered “high automation,” Level 4 is the first autonomous driving level at which the vehicle itself can intervene in the event of a system failure and does not require human intervention in most circumstances. Humans still have the option to override functions manually.
3 Min Read
(Reuters) - Silicon Valley self-driving startup Gatik and Isuzu North America Corp on Tuesday said they will work together to build autonomous delivery trucks that Gatik will use to serve its retailer customers.
Gatik, which works with Walmart Inc in Arkansas and Louisiana and Loblaw Companies Ltd in Canada to deliver goods to stores from warehouses using autonomous trucks with safety drivers, has seen a boom in business as the pandemic has boosted sales at grocery stores.
“What I can share is our revenue is in the millions. So this is not a free service that we offer,” said co-founder and chief executive Gautam Narang. He said Gatik’s business model for now is to be a delivery service provider for retailers using self-driving technology rather than selling the technology to automakers.