Autonomous Vehicle News
More consolidation is happening in the autonomous vehicle market as Torc Robotics, a division of Daimler Truck AG, has signed an agreement to acquire Algolux, a maker of intellectual property perception software. Under the deal, Algolux’s end-to-end machine learning and computer vision software — from photons to behavior — will be combined with Torc’s autonomous technology. Why it mattersThe autonomous vehicle market has been in chaos lately. Stellantis N.V. also plans to acquire aiMotive, a maker of autonomous software. U.S. autonomous vehicle outfit Locomation last month laid off most of its staff and is winding down operations.