Daily Tech News: Alibaba's $2B Robovan, Waymo Crash, and Quantum Leaps
Alibaba Merges Autonomous Driving Unit with Zelos in $2 Billion Robovan Initiative Alibaba is merging its autonomous vehicle division with Chinese startup Zelos Technology to form a new entity valued at approximately $2 billion. Alibaba’s logistics arm, Cainiao, will integrate its self-driving unit into Zelos, creating a combined company expected to operate as Cainiao Robovan. This new venture will manage a fleet of over 20,000 autonomous delivery vehicles. The strategic move allows Alibaba to invest in Zelos’s expertise in Level-4 autonomous delivery solutions rather than pursuing costly in-house development. Zelos, founded in 2021, provides solutions for e-commerce, postal services, and logistics providers. The merger aims to scale autonomous delivery in China’s competitive logistics market, driven by the growth of e-commerce and rising labor costs. ...