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Cathie Wood's Ark Invest Sees $28 Trillion Opportunity In AI: Tesla, Drones And More
Sunday, March 10, 2024 - 10:10pm | 705The future of artificial intelligence (AI) is set to bring about a significant financial impact, with Cathie Wood’s Ark Invest analyst Tasha Keeney estimating a $28 trillion opportunity. Keeney has identified key sectors that stand to benefit, including Tesla Inc (NASDAQ:TSLA) and drone...
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Red Cat CEO Jeff Thompson Unveils Company's Vision For The Future Of Drone Technology
Saturday, December 9, 2023 - 1:22pm | 1025Red Cat Holdings Inc. (NASDAQ: RCAT) is a drone technology company that integrates robotic hardware and software for military, government, and commercial operations. The company delivers comprehensive products, services, and solutions to the drone industry through its two wholly-owned...
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Drone Disruptors: Matternet Is Taking Cities Into The Skies
Friday, September 24, 2021 - 1:28pm | 1822So far in the Drone Disruptors series, we've taken a look at two distinctly different players in the drone delivery space. Israel-based Flytrex hopes to become the drone of the U.S. suburbs, flying over residential neighborhoods and airdropping cups of coffee to your backyard. Then there's Volansi...
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Drones Are Flying Into Weather Data Deserts. Can They Be Stopped?
Tuesday, September 14, 2021 - 10:47am | 2130Jen had spent weeks looking for the perfect toy for her daughter for Christmas. Then she found it online and placed the order. Only days before Christmas, she chose drone delivery as the delivery option because the e-commerce site said it would be delivered on Dec. 23, just in time to make it a...
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Drone Highways In The Sky Could Be On The Horizon
Monday, August 30, 2021 - 1:55pm | 2631Set in 2062, "The Jetsons'" whimsical world of flying cars and robot housekeepers captivated young viewers with a high-tech future. But Hanna-Barbera got it wrong: At least part of that future may be four decades early. No longer the stuff of science fiction, highways in the sky are a very real...
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A2Z Drone Delivery Unveils Double-Drop Drone
Wednesday, August 25, 2021 - 2:42pm | 937A2Z Drone Delivery is already seeing success with its Rapid Delivery System (RDS1) tether drop system, and now it is adding a dual-drop commercial drone to complete the package. The company on Wednesday announced the commercial launch of the RDSX for drone delivery applications. The RDSX was...
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DHL Pulling Its Parcelcopter Drone, Ceasing Drone Development
Monday, August 9, 2021 - 3:24pm | 688International shipping giant DHL is ceasing development of its Parcelcopter delivery drones, according to a Monday report in German publication WELT. That halts the company's nearly decadelong quest to become a leader in the emerging drone industry. "We are not continuing the Parcelcopter project...
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Daily Infographic: The 5 Most Fascinating Drone Deliveries Of 2021
Monday, August 9, 2021 - 10:06am | 125- To view more FreightWaves infographics, click here. Image by Lukas Bieri from Pixabay
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Elroy Air Raises $40M For Specialized Military Logistics Drone
Wednesday, August 4, 2021 - 1:11pm | 802Elroy Air's autonomous, vertical takeoff and landing (VTOL) cargo aircraft, the Chaparral, has caught the attention of investors, including Lockheed Martin. That company's venture capital arm and others were involved in Elroy Air's Series A raise announced on Wednesday. The company reported it had...
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South Korean Company Bringing Delivery Drones To Phoenix
Wednesday, August 4, 2021 - 11:09am | 727Drone delivery bulls took a hit after news of Amazon's (NASDAQ: AMZN) floundering U.K. drone operations broke on Tuesday, but plenty of smaller players are still working to bring drones to U.S. cities. The latest locale? Phoenix. South Korea-based Pablo Air announced Wednesday the expansion of its...
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Dollars Or Pounds, What Should Trigger A Drone Accident Investigation?
Friday, July 23, 2021 - 11:40am | 1419Comments closed this week on a notice of proposed rulemaking put forth by the National Transportation Safety Board, the government agency responsible for investigating transportation accidents, on the definition of drones and how that definition should be used to trigger accident investigations....
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MSA Safety Partners With Perspective Robotics To Enhance Fire Service Offerings
Tuesday, July 20, 2021 - 2:33pm | 145MSA Safety Inc (NYSE: MSA) has established a Joint Development Agreement with Perspective Robotics AG of Zurich, Switzerland. Perspective Robotics develops advanced situational awareness tools that utilize tethered drone technology for first responder applications under the brand name Fotokite....
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In Search Of Transformative Tech, UP Partners Looks To Urban Air Mobility Companies
Friday, July 16, 2021 - 2:12pm | 1132The underlying technologies that are fueling the urban air mobility (UAM) sector are still in their infancy in many cases, but they will be the base upon which the future movement of people and goods depend. The ability of UAM providers to safely operate is also dependent on aircraft navigation...
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Amazon Secures Patent For Delivery Van-Controlled Drone Technology
Thursday, July 15, 2021 - 11:50am | 824Amazon (NASDAQ: AMZN) on Wednesday announced that it has secured a patent for drone technology that can be paired directly with delivery vans. The system, if it comes to fruition, could enable Amazon to optimize its last-mile delivery services by outsourcing much of the work to its automated drones...
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Without Changes, Warehouses Could Ground Drone Deliveries
Wednesday, June 30, 2021 - 11:16am | 2215Maybe not today, and not likely tomorrow, but one day soon, many Americans will receive their first e-commerce delivery by drone. For residents in select areas of the country – North Carolina, Arkansas and Ohio among others – drones are already making deliveries to the home. Amazon (NASDAQ: AMZN...