Nvidia, Uber Support Autonomous Robotics
This is a news story, published by Yahoo Finance, that relates primarily to Serve Robotics news.
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•Why Are Nvidia and Uber Backing This Tiny $400 Million Artificial Intelligence (AI) Company?
78% Informative
Serve Robotics has developed an autonomous delivery robot.
The company is working to deploy 2,000 new robots by the end of 2025 .
The cost of developing AI and autonomy is rapidly declining, so robots are becoming a more economical choice.
Serve generated just $ 221,555 in revenue during the third quarter , a 254% increase from the same quarter in 2023 .
Serve Robotics is valued at an eye-popping price-to-sales ratio of 196 .
Uber and Nvidia could suffer the most if Serve continues to issue new shares.
The company says its opportunity in the robot and drone delivery industry could top $450 billion by 2030 .
Even a small bet on Serve Robotics could pay off handsomely if the company is successful.
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