Mobileye, a subsidiary of Intel specializing in self-driving technology, is partnering with venture-backed startup Udelv to deliver 35,000 autonomous delivery vehicles by 2028.
"This partnership with Mobileye is literally a revolution in the industry," Daniel Laury, CEO and co-founder of Udelv, told Cheddar. "It's the first of its kind in the autonomous delivery world."
Udelv's autonomous vehicle, dubbed the Transporter, will employ Mobileye's vision-sensing technology to improve features such as pedestrian and cyclist detection and collision warning.
Laury said the Transporter will be outfitted to transport 80 percent of last-mile deliveries, from small items such as pharmaceuticals to bags of groceries and large auto parts.
The vehicle features "adaptive shelving" allowing an operator to add or remove shelves depending on the size of the items being delivered. The car also uses automated software to open on specific shelves within the van designated for each package.
Laury explained that last-mile deliveries make up 53 percent of the cost of logistics, with drivers on average making up 65 percent of that amount.
"By removing the driver, you're going to be generating billions in savings through the industry in general," he said.
This is where "Mobileye Drive" comes in. The self-driving system offers a full technology stack, including vast map coverage of North America, for Udelv to integrate into its Transporters.
Donlen, one of the largest commercial fleets in the U.S., has already pre-ordered 1,000 Udelve Transporters.
"Our deal with Udelv is significant for its size, scope and rapid deployment timeline, demonstrating our ability to deliver Mobileye Drive for commercial use now and in volume," said Mobileye President and CEO Amnon Shashua in a release. "COVID-19 has accelerated demand for autonomous goods delivery, and we are delighted to partner with Udelv to address this demand in the near term."
Transporters are set to start hitting streets in 2023.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.
A big-screen adaptation of the anime “Chainsaw Man” has topped the North American box office, beating a Springsteen biopic and “Black Phone 2.” The movie earned $17.25 million in the U.S. and Canada this weekend. “Black Phone 2” fell to second place with $13 million. Two new releases, the rom-com “Regretting You” and “Springsteen — Deliver Me From Nowhere,” earned $12.85 million and $9.1 million, respectively. “Chainsaw Man – The Movie: Reze Arc” is based on the manga series about a demon hunter. It's another win for Sony-owned Crunchyroll, which also released a “Demon Slayer” film last month that debuted to a record $70 million.
The Federal Aviation Administration says flights departing for Los Angeles International Airport were halted briefly due to a staffing shortage at a Southern California air traffic facility. The FAA issued a temporary ground stop at one of the world’s busiest airports on Sunday morning soon after U.S. Transportation Secretary Sean Duffy predicted that travelers would see more flights delayed as the nation’s air traffic controllers work without pay during the federal government shutdown. The hold on planes taking off for LAX lasted an hour and 45 minutes and didn't appear to cause continued problems. The FAA said staffing shortages also delayed planes headed to Washington, Chicago and Newark, New Jersey on Sunday.
Boeing workers at three Midwest plants where military aircraft and weapons are developed have voted to reject the company’s latest contract offer and to continue a strike that started almost three months ago. The strike by about 3,200 machinists at the plants in the Missouri cities of St. Louis and St. Charles, and in Mascoutah, Illinois, is smaller in scale than a walkout last year by 33,000 Boeing workers who assemble commercial jetliners. The president of the International Association of Machinists says Sunday's outcome shows Boeing hasn't adequately addressed wages and retirement benefits. Boeing says Sunday's vote was close with 51% of union members opposing the revised offer.
The stunning indictment that led to the arrest of more than 30 people — including Miami Heat guard Terry Rozier and other NBA figures — has drawn new scrutiny of the booming business of sports betting in the U.S. The multibillion-dollar industry has made it easy for sports fans — and even some players — to wager on everything from the outcome of games to that of a single play with just a few taps of a cellphone. But regulating the rapidly-growing industry has proven to be a challenge. Professional sports leagues’ own role in promoting gambling has also raised eyebrows.
