Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

Daimler's Torc Robotics picks Amazon as cloud provider for self-driving trucks

Published 02/17/2021, 03:22 AM
Updated 02/17/2021, 03:25 AM
© Reuters. Self-driving truck operated by Daimler unit Torc Robotics undergoes testing on U.S. highway

By Nick Carey

(Reuters) - Daimler AG (DE:DAIGn) unit Torc Robotics said on Wednesday it has selected Amazon (NASDAQ:AMZN)'s cloud computing division to handle huge amounts of data in real time as it prepares to test self-driving test trucks in New Mexico and Virginia.

Acquired by Daimler (OTC:DDAIF) in 2019, Torc is developing level 4 autonomous technology - where the vehicle operates itself under specific operating conditions - which Daimler Trucks believes will fundamentally change the trucking and logistics business.

"The problem we're trying to solve is the most difficult technical problem of our generation," Torc Chief Executive Michael Fleming told Reuters. "In order to solve that, you must partner with the best in class."

Torc's software collects and processes massive volumes of raw data from multiple sensors such as lidar, radar and cameras on its self-driving trucks. Amazon Web Services (AWS) will provide engineers with tools to design tests and run simulations, the two companies said.

The tests on Torc's second generation of trucks will begin this quarter.

Self-driving technology for freight trucks has attracted investor attention as it should be easier and cheaper to roll out than in self-driving cars and robotaxis, while providing a clearer path to profitability.

Self-driving freight services run on fixed routes between predefined points - mostly on major highways without intersections or pedestrians. That requires far less mapping than shuttling customers between random points in robotaxis.

Wendy Bauer, global head of automotive at AWS, said 90% of the cloud computing division's innovations come from working with customers so "by partnering with Torc that will push us to further advance our service offering."

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Amazon has invested in self-driving software startup Aurora and seeks a major role in self-driving technology, connected cars, electric vehicles and management of the data generated by automakers and drivers.

In December, AWS and BlackBerry (NYSE:BB) said they have developed a cloud-based software platform to help automakers standardize vehicle data and swiftly deploy revenue-generating services.

And BMW has built a data hub with AWS to boost efficiency.

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.