Latest news with #autonomousdelivery
Yahoo
2 days ago
- Business
- Yahoo
Serve Robotics to Report Second Quarter 2025 Financial Results, Host Conference Call and Webcast on August 7
SAN FRANCISCO, July 30, 2025 (GLOBE NEWSWIRE) -- Serve Robotics Inc. ('Serve') (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced that it will report its 2025 second quarter financial results on Thursday, August 7, 2025 after market close. The company will host a conference call and webcast to review the results on the same day. Conference Call and Webcast Information Company management will host a conference call at 2 p.m. PT / 5 p.m. ET. A live audio webcast will be available at and a replay will be available at the same location. Analysts and investors who wish to submit questions to management may send an email to by close of business on Wednesday, August 6, 2025. If you wish to receive company email notifications, please register at About Serve RoboticsServe Robotics develops advanced, AI-powered, low-emissions sidewalk delivery robots that endeavor to make delivery sustainable and economical. Spun off from Uber in 2021 as an independent company, Serve has completed tens of thousands of deliveries for enterprise partners such as Uber Eats and 7-Eleven. Serve has scalable multi-year contracts, including a signed agreement to deploy up to 2,000 delivery robots on the Uber Eats platform across multiple U.S. markets. For further information about Serve Robotics (Nasdaq:SERV), please visit or follow us on social media via X, Instagram, or LinkedIn @serverobotics. Contacts Media Aduke Thelwellpress@ Investor Relations Sheldon in to access your portfolio
Forbes
3 days ago
- Automotive
- Forbes
NVIDIA Tech Adds Real World Models To Gatik Autonomous Truck Simulator
Montage of real world scenarios generated by Gatik's Arena simulation platform for use in developing ... More and training autonomous delivery trucks. Autonomous middle-mile delivery trucking company Gatik has incorporated technology from NVIDIA to its next-generation simulation platform, providing more real-life scenarios for truck validation and development at lower cost, the company announced Tuesday. Gatik's next-generation Arena simulation platform includes NVIDIA's Cosmos World Foundation Models, which the company says produces ultra high-fidelity environment simulations in an exponentially higher number than could be generated without Cosmos. To illustrate the dramatic increase, Gatik co-founder and chief engineer Apeksha Kumavat explained that passing 10 miles of data from a customer site in Dallas, Texas through Arena without Cosmos could generate perhaps as many 100,000 miles of additional scenarios. 'As we plug in NVIDIA's Cosmos at the end of it, we are now further able to completely change the location, the geography of where we were actually testing this, for example, those 10 miles from Dallas now can be recreated on a completely different section in Toronto or in in Phoenix,' explained Kumavat, in an interview. 'All of this is high fidelity, really photorealistic simulation. So those 10 miles now have gone into millions of miles with different kinds of weather conditions.' It's an important capability for several reasons, Kumavat says. For one, a greater variety of more realistic scenarios improves and speeds development of the company's autonomous technology. Second, she points out, it eliminates the need for actual on-road testing in scenarios that might be considered too dangerous to create 'in the real world.' Some of the scenarios Arena can generate include: 'NVIDIA Cosmos has been purpose-built to accelerate world model training and accelerate physical AI development for autonomous vehicles,' said Norm Marks, NVIDIA vice president of global automotive, in a statement. 'Our collaboration with Gatik unlocks the development of safe, reliable, ultra-high-fidelity digital environments for robust AV training and validation, and is helping to accelerate the commercialization of Gatik's autonomous trucking solution at scale." Autonomous tech company Gatik and vehicle manufacturer Isuzu will team up to build autonomous ... More commercial trucks that require no on-board human. Grocery store chains Kroger and Loblaws, along with Tyson Foods and Walmart are among the biggest companies using trucks equipped with Gatik's autonomous technology to move goods on so-called middle-mile routes. Development and use of autonomous commercial trucks has picked up speed in the last five years as a way to reduce costs and deal with a driver shortage that's been lingering since before the Covid pandemic took hold in 2020. As of last summer there were more than 78,000 unfilled truck driver positions according to while a report by Ryder System Inc. notes 'industry experts predict that if trends continue, the number of unfilled positions could exceed 170,000 by 2030.' Just last week, Texas door and millwork manufacturer Steve & Sons announced a deal with autonomous tech startup Bot Auto to start running some delivery routes in that state with self-driving trucks. Companies such as Kodiak Robotics, Aurora, Einride and Plus are not only major players in autonomous commercial truck technology, they use a variety of simulation systems to improve performance, capabilities and safety. Gatik's Kumavat is especially excited about this next generation of Arena that includes NVIDIA's Cosmos World Foundation Models, which she enthuses, ' almost makes the gap between simulation and the real world testing, down to zero.'
Yahoo
14-07-2025
- Business
- Yahoo
Arrive AI selects Synoptek as a Strategic IT Partner
COSTA MESA, Calif. and INDIANAPOLIS, July 14, 2025 /PRNewswire/ -- Arrive AI (NASDAQ: ARAI) — a pioneering autonomous delivery network anchored by Arrive Points™ — has selected Synoptek as a strategic IT partner to enable its rapid growth and global ambitions. Synoptek will provide Arrive AI with all the IT solutions it needs to support its business. With a recent $40 million injection of funding from Streeterville Capital, Arrive AI is entering a critical growth phase. The company is preparing to launch its patented, autonomous delivery platform later this summer and expects to double its staff size. "Synoptek's strategic approach, deep expertise, robust tech stack and strong partnerships with Microsoft and ServiceNow made it a clear choice," said Mark Hamm, COO of Arrive AI. "We were searching for a partner who could move at our pace and help us build a resilient IT foundation. After conducting an exhaustive search, we knew Synoptek would be the partner we were looking for to provide all of the IT capabilities we need to take our business to the next level." Under the three-year agreement, Synoptek will contribute to the solution definition, implementation and IT management, including, cybersecurity, enterprise-grade IT and 24/7 AI-enabled managed services operations. This engagement deepens Synoptek's presence in the high-growth logistics and manufacturing sector and aligns with its mission to deliver smart, secure and connected IT environments. "We're proud to serve as an extension of the Arrive AI team," said Salil Godika, CEO at Synoptek. "Together, we are building a resilient and secure IT backbone that supports innovation and scale. We deliver focused solutions that incorporate exceptional customer experiences, digital application engineering, and agile infrastructure. We are committed to providing Arrive AI with the technology foundation it needs to grow with confidence." Synoptek will provide advisory services and information sharing around security, AI and application innovation as Arrive AI continues to push boundaries in the AI transportation and logistics space. About Arrive AI Arrive AI's patented Autonomous Last Mile (ALM) platform enables secure, efficient delivery to and from a smart, AI-powered mailbox, whether by drone, ground robot or human courier. The platform provides real-time tracking, smart logistics alerts and advanced chain of custody controls to support shippers, delivery services and autonomous networks. By combining artificial intelligence with autonomous technology, Arrive AI makes the exchange of goods between people, robots and drones frictionless and convenient. Its system integrates with smart home devices such as doorbells, lighting and security systems to streamline the entire last-mile delivery experience. Learn more at Media contact: Alex Gorrell at agorrell@ Cheryl Reed at media@ Investor Relations Contact: Alliance Advisors IR at About Synoptek Synoptek is a global, full-service business and digital technology solutions provider and advisory firm that helps companies envision, transform, and evolve their customer experiences, application ecosystems, and infrastructures. As a systems integrator and managed technology provider, Synoptek partners with organizations worldwide, helping them navigate the ever-changing technology landscape and build solid tech foundations for their businesses. With its comprehensive offerings, global workforce, and strategic technology partnerships, Synoptek helps companies optimize their IT environments and enable innovation through technology. With growth, ownership, inclusiveness, and philanthropy embedded in its DNA, Synoptek is committed to delivering improved business results and unmatched service to all its stakeholders. Cautionary Note Regarding Forward Looking Statements This news release and statements of Arrive AI's management in connection with this news release or related events contain or may contain "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements (including statements related to the closing, and the anticipated benefits to the Company, of the private placement described herein) related to future events, which may impact our expected future business and financial performance, and often contain words such as "expects", "anticipates", "intends", "plans", "believes", "potential", "will", "should", "could", "would", "optimistic" or "may" and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management's current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors which may be beyond our control. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. Potential investors should review Arrive AI's Registration Statement for more complete information, including the risk factors that may affect future results, which are available for review at Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law. 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Globe and Mail
26-06-2025
- Business
- Globe and Mail
Serve Robotics Brings Autonomous Robot Delivery to Atlanta with Uber Eats, Shake Shack and Local Favorites
ATLANTA , June 26, 2025 (GLOBE NEWSWIRE) -- Serve Robotics Inc. ('Serve') (Nasdaq: SERV), a leading autonomous sidewalk delivery company, today announced the launch of its service in the Atlanta metro area. This market expansion builds on the company's successful launches in Los Angeles, Miami, and Dallas–Fort Worth as part of Serve's ongoing collaboration with Uber Eats, the delivery platform of Uber Technologies Inc. (NYSE: UBER). In recent weeks, Serve's autonomous delivery robots have rolled onto the sidewalks of Midtown, Old Fourth Ward and Downtown Atlanta, bringing sustainable and safe high-tech convenience to over 50,000 Atlantans. The robots are integrated into the Uber Eats app, and customers who order from participating local favorites such as Rreal Tacos and Ponko Chicken may have their next meal delivered by a Serve robot. Serve's national delivery partnership with Shake Shack Inc. (NYSE: SHAK) will also extend to Atlanta. 'As one of the largest and fastest-growing markets in the Southeast, Atlanta is a strategic next step for our planned nationwide expansion,' said Dr. Ali Kashani, CEO and co-founder of Serve Robotics. 'We are pleased to be one of the first robotics companies to enter the market and bring our friendly approach to robotic delivery.' Known as the 'Silicon Peach,' Atlanta is a growing tech hub and a community driven by innovation. Atlanta is a largely car-dependent city, and Serve's robots are expected to reduce traffic congestion, making last-mile deliveries more efficient and emission-free. Serve has proactively established constructive relationships with local stakeholders to ensure a seamless rollout. Serve's growth will generate new employment opportunities in operations and maintenance and help stimulate the local economy. 'We're thrilled to be one of the first in Atlanta to have our food delivered by Serve Robotics. We're all about bringing flavor and fun to the neighborhood and now with robotic delivery, the food you love can be at your door faster and fresher than ever,' said Damian Otero Reggiori, CEO of Rreal Tacos. 'Bringing our highly successful partnership with Serve Robotics and Uber Eats to Atlanta is the natural next step in our engagement as we look for new ways for our fans to enjoy their favorite Shack classics in Atlanta,' said Steph So, Chief Growth Officer at Shake Shack. 'Today's announcement with Serve Robotics marks our first entry with autonomous delivery in Atlanta,' said Megan Jensen, Head of Autonomous Delivery Operations at Uber. 'We continue to drive innovation with a commitment to making food delivery as convenient as possible.' The launch of Serve's Atlanta operations represents another significant milestone on Serve's path to deploying 2,000 AI-powered delivery robots across the U.S. by the end of 2025. Additional U.S. markets are expected to be announced in the coming months. To learn more about Serve Robotics, visit About Serve Robotics Serve Robotics develops advanced, AI-powered, low-emissions sidewalk delivery robots that endeavor to make delivery sustainable and economical. Spun off from Uber in 2021 as an independent company, Serve has completed tens of thousands of deliveries for enterprise partners such as Uber Eats and 7-Eleven. Serve has scalable multi-year contracts, including a signed agreement to deploy up to 2,000 delivery robots on the Uber Eats platform across multiple U.S. markets. For further information about Serve Robotics (Nasdaq:SERV), please visit or follow us on social media via X (Twitter), Instagram, or LinkedIn @serverobotics. Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Serve intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Exchange Act. These forward-looking statements can be about future events, including statements regarding Serve's intentions, objectives, plans, expectations, assumptions and beliefs about future events, including Serve's expectations with respect to the financial and operating performance of its business, its capital position, and future growth. The words "anticipate", "believe", "expect", "project", "predict", "will", "forecast", "estimate", "likely", "intend", "outlook", "should", "could", "may", "target", "plan" and other similar expressions can generally be used to identify forward-looking statements. Indications of, and guidance or outlook on, future earnings or financial position or performance are also forward-looking statements. Any forward-looking statements in this press release are based on management's current expectations of future events and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking statements. Risks that contribute to the uncertain nature of the forward-looking statements include those risks and uncertainties set forth in Serve's Annual Report on Form 10-K for the year ended December 31, 2024, filed with the United States Securities and Exchange Commission (the "SEC") and in its subsequent filings filed with the SEC. All forward-looking statements contained in this press release speak only as of the date on which they were made. Serve undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made. Contacts Media Serve Robotics Aduke Thelwell press@ Investor Relations A photo accompanying this announcement is available at .
Yahoo
08-06-2025
- Business
- Yahoo
Zacks Investment Ideas feature highlights: Serve Robotics, Uber Technologies and Nvidia
Chicago, IL – June 6, 2025 – Today, Zacks Investment Ideas feature highlights Serve Robotics Inc. SERV, Uber Technologies UBER and Nvidia NVDA. Few investors have even heard of Serve Robotics Inc., yet the coming weeks could push this micro-cap onto every AI and robotics watch-list. Spun out of Uber Technologies in 2021, the company's bright-blue sidewalk robots have already logged tens of thousands of autonomous deliveries, but the real inflection point is just ahead. Management has begun a nationwide roll-out with Uber Eats, most recently adding the Dallas–Fort Worth metroplex, and is racing toward a contractual goal of deploying 2,000 units before year-end. SERV stock has been on a rocky path over the last two years, marked by fits of big rallies, selloffs and high volatility. But now, it appears the catalysts are aligning. Along with the Uber rollout, Serve sales growth is expected to inflect significantly higher in the coming quarters, while the stock price is building powerful momentum. With the robotics theme really grabbing attention in the last couple of weeks, and the technology suddenly gaining practical application, Serve Robotics Inc. stock may be about to take off. Although Serve Robotics still operates at a loss, sales are expected to meaningfully pick up over the next year. Current year sales are forecast to come in around $5 million, while next year is expected to jump 670% to $41.2 million. However, with the unprecedented opportunity ahead in the robotics industry, even those forecasts could be understated. Notably, Serve Robotics is hosting an annual meeting on June 12th, which could mark a major announcement and add to the upside catalysts in the stock. I began writing about the opportunities in robotics stocks just a couple of weeks ago as the theme is quickly picking up steam. While high-profile names like Nvidia are the obvious plays, lesser-known companies like Serve Robotics offer investors a non-consensus way to capture more asymmetric upside in this rapidly evolving space. That said, Nvidia remains a core opportunity. The company has made its ambitions in robotics clear, aiming to dominate the category just as it has in artificial intelligence. Its expanding microprocessor platform is designed to power everything from warehouse bots to autonomous delivery systems, placing Nvidia at the center of the AI-robotics-automation nexus. Meanwhile, Uber Technologies has quietly become one of the most forward-thinking players in automation. Through its partnership with Serve Robotics for sidewalk delivery and its growing relationship with Waymo on the ride-hailing front, Uber is leveraging cutting-edge technology to redefine logistics. As I have noted, SERV stock has really begun to pick up steam in the last couple of months. After bottoming in early April, along with the broader market, the stock has gone on a quick 130% run. Over the last few days, SERV has been forming a clear technical bull flag, highlighting a potentially opportune time to start buying the stock. If it can trade materially above the $12.30 level, it would signal a technical breakout, and could lead to another sustained bull run. Serve Robotics Inc. isn't for the faint of heart. As a small-cap stock with limited liquidity and a short trading history, SERV has been prone to dramatic price swings. However, for those who can stomach the ups and downs, SERV may represent one of the most compelling high-risk, high-reward opportunities in the AI and robotics space. The company is targeting a real, tangible use case, last-mile delivery, and is executing alongside a blue-chip partner in Uber Technologies. Sales growth is accelerating, momentum is building, and investor awareness is only just beginning to catch up. In a market hungry for the next big breakthrough, Serve Robotics offers something rare: early-stage exposure to a real-world robotics deployment with massive scaling potential. For speculative investors looking to ride the next wave of automation, this stock may be worth a serious look. Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year. Today you can access their live picks without cost or obligation. See Stocks Free >> Media Contact Zacks Investment Research 800-767-3771 ext. 9339 support@ Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Serve Robotics Inc. (SERV) : Free Stock Analysis Report Uber Technologies, Inc. (UBER) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
