Autonomous Trucks
The aftermath of the pandemic-era tech boom has taken another San Francisco victim. Autonomous trucking software company Embark Trucks is laying off 230 workers and moving toward a total shutdown, the firm announced Friday, less than 16 months after it went public at a $5.2 billion valuation. The firm planned to create a network of long-haul, autonomous trucks that would deliver freight between cities, whereupon human drivers would take over for local pickups and drop-offs. “You held up your end of that bargain, I was not able to hold up mine — for that I am profoundly sorry.”Rodrigues also blamed a “tough” nine months for the autonomous trucking industry. Hear of anything happening at Embark or another tech company?