Robotaxis have reportedly become very successful in the Chinese city of Wuhan, and the country is clearly moving towards allowing the phenomenon to become widespread in many of its cities. China’s two largest cities — Beijing and Shanghai — are paving the way for robotaxis to operate legally within their borders. These developments have lit a fire recently under the stocks of several China- and U.S.-based companies that could benefit from the proliferation of robotaxis. And over the longer term, the success ...

While the concept of self-driving vehicles was once the exclusive domain of science fiction, increasingly, this paradigm could become a reality. If so, you’re going to want to at least consider acquiring some autonomous driving stocks now. Sure, the space is incredibly risky and so it’s not prudent to go all in. Nevertheless, some cautious exposure could turn out to be lucrative.For one thing, we must talk about the upside prospect. According to Precedence Research, the global autonomous vehicle market reac ...

DALLAS, June 25, 2024 (GLOBE NEWSWIRE) -- Uber Freight and Aurora Innovation (NASDAQ:AUR) are launching Premier Autonomy, a new program providing early access to over 1 billion of Aurora's driverless miles to Uber Freight carriers through 2030. The program is the latest in their longstanding partnership to integrate and deploy autonomous trucks on the Uber Freight network to enable carriers of all sizes to improve utilization and enhance business efficiency through autonomous technology. Additionally, Uber ...

Company Insights - Monopar Therapeutics (MNPR) initiated its Phase 1 dosimetry clinical trial for its novel radiopharmaceutical imaging agent MNPR-101-Zr, with positive preclinical efficacy data showing potent anti-tumor activity [2] - The company's COO purchased approximately 36,000 shares, indicating insider confidence [2] - Petco Health and Wellness (WOOF) saw its director buy 750,000 shares at an average price of $3.14, totaling about $2.35 million, suggesting strong insider belief in the company's future [4] - WOOF's recent earnings report showed a loss of four cents, beating estimates, and revenue of $1.53 billion, which was better than expected despite a 1.7% year-over-year decline [5] - Aurora Innovation (AUR) received a significant investment of about $75 million from Uber Technologies, making Uber a major stakeholder and indicating confidence in AUR's potential [6] - AUR's relationship with Volvo, which recently unveiled an autonomous truck using AUR technology, positions the company favorably in the self-driving tech sector [6] Industry Trends - The pet industry is projected to grow from approximately $320 billion to $500 billion by 2030, driven by an increasing pet population and premiumization of products and services [4]

Group 1: Aurora Innovation (AUR) - Aurora Innovation operates as a self-driving technology firm, with its main product being the Aurora Driver platform, which includes autonomous hardware, software, and data services [2] - For fiscal 2024, sales are projected to reach $835,270, with expectations of growth to $17.79 million in 2025, compared to $68 million in 2022 and $82 million in 2021 [3] - Analysts predict that by 2026, Aurora could generate over $101 million in revenue, with a target of $1.27 billion by 2028, indicating potential for significant growth [3] Group 2: Clear Secure (YOU) - Clear Secure operates a secure identity platform that stores biometric data to expedite airport security processes [4] - The stock is rated as a consensus hold, with two buys, four holds, and one sell, while the average price target suggests a 46% upside potential at $24.29 [5] - Projected sales for the current fiscal year are $754.8 million, reflecting a 23% increase from the previous year, with expectations of reaching $865.78 million in the following year, a 14.7% increase [5] Group 3: Intel (INTC) - Intel is one of the largest semiconductor firms, involved in designing, developing, manufacturing, and distributing computing products and services globally [6] - The stock has experienced a nearly 37% decline year-to-date, contributing to its classification as an under-the-radar stock [6] - Intel is developing the Atom C Processor Series, which aims to provide efficient intelligence and reduced energy demands, addressing sustainability concerns in data centers that consumed over 4% of U.S. electric capacity in 2022 [6][7]

Greensboro, N.C., May 20, 2024 (GLOBE NEWSWIRE) -- Volvo Autonomous Solutions (V.A.S.) today unveiled Volvo's first-ever production ready autonomous truck at the Advanced Clean Transporation (ACT) Expo in Las Vegas. The Volvo VNL Autonomous brings together Volvo's commercial vehicle expertise with industry-leading autonomous driving technology from Aurora Innovation (NASDAQ:AUR). The result is a purpose-designed and purpose-built autonomous truck that will be the key enabler to increasing freight capacity a ...

Core Insights - Volvo Autonomous Solutions has launched its first production-ready autonomous truck, the Volvo VNL Autonomous, at the ACT Expo, aiming to enhance freight capacity in the U.S. [1] - The truck integrates Volvo's commercial vehicle expertise with Aurora Innovation's autonomous driving technology, marking the beginning of a standardized global autonomous technology platform [1][5] - The introduction of the Volvo VNL Autonomous is seen as a significant step towards addressing the transportation industry's capacity constraints and improving societal benefits [5] Group 1: Technology and Design - The Volvo VNL Autonomous features a platform-based design that allows for the integration of in-house developed virtual driver technology and partner technologies for various applications [1] - Safety is a priority in the design, with redundant systems for steering, braking, communication, and other critical components to enhance reliability [2] - The Aurora Driver, an SAE L4 autonomous driving system, is integrated into the truck, utilizing advanced AI, lidar, cameras, and sensors for safe navigation [3] Group 2: Manufacturing and Scale - The Volvo VNL Autonomous will be manufactured at Volvo's New River Valley plant in Virginia, which has extensive experience in high-volume production [4] - The plant's capabilities are expected to meet industry demand for the new autonomous truck [4] Group 3: Market Impact and Adoption - The Volvo VNL Autonomous is designed for the Hub-to-Hub segment, simplifying the adoption of autonomous solutions for customers while ensuring efficiency and safety [5] - The truck aims to address the ongoing driver shortages in the U.S. by increasing freight capacity and allowing drivers to focus on more suitable routes [5] - The launch of the Volvo VNL Autonomous is positioned as a milestone in the implementation of autonomous transport solutions [5]

A new self-driving truck — manufactured by Volvo and loaded with autonomous vehicle tech developed by Aurora Innovation — could be on public highways as early as this summer. The Volvo VNL Autonomous truck, which was revealed Monday evening at the ACT Expo in Las Vegas, is the product of a partnership between Aurora and Volvo Autonomous Solutions. Aurora plans to start hauling freight using these Volvo self-driving trucks in the next several months. The trucks will be in autonomous mode and will still have ...

F I R S T Q U A R T E R 2 0 2 4 B U S I N E S S U P D A T E M A Y 8 , 2 0 2 4 1 © 2024 | Aurora Proprietary This presentation contains certain forward-looking statements within the meaning of the federal securi ...

Core Insights - Aurora Innovation is on track for a commercial launch of its self-driving technology by the end of 2024, with significant progress made in autonomy performance and safety validation [8][14][24] - The company has achieved a 95% Autonomy Readiness Measure (ARM) for its Dallas to Houston launch lane, indicating strong preparation for commercial operations [14] - Aurora has secured multiyear contractual commitments from multiple customers, including FedEx and Uber Freight, and is actively negotiating with additional partners [19][20] Business Progress - The first quarter of 2024 saw Aurora autonomously deliver 5,450 loads, driving approximately 1.5 million commercial miles with nearly 100% on-time performance [20] - The company is focusing on increasing the percentage of commercial loads that do not require onsite support, achieving 75% of loads with 100% Autonomy Performance Indicator (API) during the first quarter, a 13-point improvement from the previous quarter [18] - Aurora's operating expenses for Q1 2024 totaled $193 million, with R&D expenses at $135 million, reflecting a commitment to fiscal discipline while preparing for commercial launch [25][26] Technology and Safety - The Aurora Driver has demonstrated advanced capabilities in handling complex driving scenarios, including interactions with aggressive drivers and navigating hazardous road conditions [9][12] - The company employs a comprehensive Safety Case approach to validate the safety of its self-driving technology, with a focus on transparency and public trust [12][13] - Aurora's technology is designed to operate safely and efficiently, with the ability to perceive its environment in 360 degrees and respond to unpredictable road user behavior [12] Regulatory Environment - The regulatory landscape is favorable for autonomous vehicle deployment, particularly in Texas, where Aurora plans to launch its operations [20][21] - Aurora is actively engaging with communities to build public trust and awareness of its technology, hosting events to share benefits and economic opportunities [21] Partnerships and Future Outlook - Aurora has established partnerships with OEMs like Volvo and PACCAR to develop and manufacture autonomy-enabled trucks, which are critical for scaling operations [22][23] - The company is preparing to introduce next-generation Aurora Driver hardware in 2025, which is expected to reduce hardware costs significantly [23] - Aurora aims to achieve gross profit by 2026, with a target of delivering approximately 125 million miles by that time [42][45]