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.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rocket startups face adapt-or-die moment amid investment droughtDemand for sending satellites into space remains strong, but U.S. rocket startups are taking drastic measures to survive a tight funding environment where fears have been exacerbated by the bankruptcy of Virgin Orbit. Stop 👐👐😡😡 Unless you have deep pockets and govt contracts keep away , tourism is on the back burner
Source: Reuters - 🏆 2. / 97 Read more »