Reported 3 days ago
Nvidia and Uber are backing Serve Robotics, a small $500 million market-cap company that has developed autonomous delivery robots, aiming to enhance last-mile logistics. With growing operational efficiency and lower delivery costs anticipated, Serve's robots have already completed over 50,000 orders. However, the company faces significant financial challenges with high operating expenses and minimal revenue, prompting concerns about its future as it aims for expansion. Investors should weigh potential growth in the robot delivery market against the risks inherent in Serve's current valuation.
Source: YAHOO