Self-Driving Investment Crash: 58% Drop In Autonomous Vehicle Dollars

But vertical robotics investment has jumped from $2.2 billion in 2018 to almost $7 billion last year as investment in logistics, defense, and health/medical robots is growing fast.

Key companies in the space include Zipline in logistics, CMR Surgical in health/medical, former Oculus founder Palmer Freeman Luckey’s Anduril in defense, Bright Machines in manufacturing, and Built Robotics in construction and mining The global robotics space sees only 10% of overall venture capital investments in technology, however. Western markets make up 70% of robotics investment, the report says.

No surprise. Dreams stumble on reality. Self-driving is on a par with AI, social media, pandemic response: interesting in theory; needs more work in practice. Profit-snatchers are slow on the uptake some times.

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Source: Reuters - 🏆 2. / 97 Read more »