waabi - Tech News from Simmons Systems

Tech News from Simmons Systems

waabi

A collection of 4 posts

Waabi Secures $200 Million to Deploy Driverless Trucks Next Year

Autonomous vehicle startup Waabi raises $200 million in a Series B round to launch fully driverless trucks in 2025. The company credits its rapid progress to a groundbreaking generative AI system that requires less data and testing than traditional approaches.

Waabi Secures $200M to Launch AI-Powered Driverless Trucks by 2025

Toronto startup Waabi raises $200 million in a Series B round to deploy fully autonomous trucks next year. The company uses a unique generative AI simulator to train its driving system efficiently without relying on millions of real-world test miles.

autonomous vehicles

Autonomous Vehicle Developers Drive Record $2.7B Robotics Funding in June

Robotics investments reach a 2024 high of $2.7 billion in June, largely driven by massive funding rounds for autonomous vehicle companies. The monthly total easily surpasses the trailing 12-month average and pushes the 2024 halfway mark to $8.4 billion.

Amazon Begins Handing Out Layoff Notices as Tech Industry Faces Turmoil

Amazon starts delivering layoff notices to thousands of employees this week, joining other tech giants in recent cutbacks. Meanwhile, Elon Musk issues a late-night ultimatum to remaining Twitter staff regarding their future at the company.