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FTSE 100 buoyant despite UK inflation rate going up again - London Business News

FTSE 100 buoyant despite UK inflation rate going up again - London Business News
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Oxbotica raises $13.8M from Ocado to build autonomous vehicle tech for the online grocer's logistics network – TechCrunch


Oxbotica raises $13.8M from Ocado to build autonomous vehicle tech for the online grocer’s logistics network
Ocado, the UK online grocer that has been making strides reselling its technology to other grocery companies to help them build and run their own online ordering-and-delivery operations, is making an investment today into what it believes will be the next chapter of how that business will grow: it is taking a £10 million ($13.8 million) stake in Oxbotica, a UK startup that develops autonomous driving systems.
Ocado is treating this as a strategic investment to develop AI-powered, self-driving systems that will work across its operations, from vehicles within and around its packing warehouses through to the last-mile vehicles that deliver grocery orders to people’s homes. It says it expects the first products to come out of this deal most likely in closed environments like warehouses rather than open streets to be online in two years. ....

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