Kallak/Gállok Volvo autonomous fleet: mine design and winter haulage notes for engineers Reviewed by Tom Sullivan First reported on International Mining – News 30 Second Briefing Volvo Autonomous Solutions has signed a Letter of Intent with Jokkmokk Iron Mines AB to develop an autonomous haulage fleet for the planned Kallak/Gállok iron ore project north of the Arctic Circle, targeting operation in sub-zero, snow and ice conditions. The partners will test downsized, purpose-built autonomous vehicles rather than conventional 220–300 t trucks, aiming to optimise haul profiles, ramp geometry and energy use for a relatively compact open pit. For engineers, the project offers an early Arctic testbed for integrating autonomy with mine design, traffic management and winter road maintenance strategies. Technical Brief - LOI structure allows staged validation of Volvo’s autonomous haulage system before full commercial deployment. - Volvo Autonomous Solutions will supply both vehicles and site-wide traffic management and control infrastructure. - Collaboration scope includes adapting autonomous haulage to local regulatory requirements for public-road interfaces. - Data from early operations will be used to refine vehicle control algorithms for low-adhesion surfaces. - Project provides a reference case for integrating OEM-run autonomous haulage as a service in greenfield mines. Our Take Volvo Autonomous Solutions’ prior deployments at Brønnøy Kalk’s Velfjord limestone mine and Boliden’s Garpenberg tailings project suggest that Jokkmokk Iron’s Kallak/Gállok operation north of the Arctic Circle is tapping into a maturing, not experimental, autonomous haulage platform for harsh Nordic conditions. With series assembly of Volvo FH Autonomous trucks already underway at Säffle, Jokkmokk Iron Mines AB can likely access standardised hardware and support, reducing lead times and integration risk compared with bespoke autonomous fleets at other greenfield projects in our mining database. Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy &
Jul 3, 2026 · via geomechanics.io
[Stay on top of transportation news: Get TTNews in your inbox.] Tesla beats forecasts with 480,126 Q2 deliveries Company gains ground in a slower-growing global market for plug-in cars Key Takeaways: - Tesla delivered 480,126 vehicles worldwide in Q2, exceeding Bloomberg’s average estimate of 396,466. - Deliveries rose 25% from a year earlier, when Tesla faced consumer backlash against CEO Elon Musk. - Tesla plans to spend more than $25 billion this year as Musk expands factory operations. Tesla Inc.’s vehicle sales beat Wall Street’s modest expectations by a wide margin, gaining ground in a slower-growing global market for plug-in cars. The company delivered 480,126 vehicles worldwide in the second quarter. The figure, announced in a July 2 statement, exceeded the average estimate compiled by Bloomberg of 396,466 vehicles. Deliveries rose 25% from a year earlier, when Tesla faced widespread consumer backlash against CEO Elon Musk’s polarizing work for the Trump administration. While sales are improving, many Musk watchers are looking past Tesla’s core electric vehicle business and toward the CEO’s vision of turning artificial intelligence, autonomy and robotics into major revenue generators in the future. They’re also increasingly anticipating Musk potentially opting to merge the company with SpaceX, which staged a record initial public offering last month. Maintaining a brisker pace of electric vehicle sales is critical for Tesla as it takes a more spendthrift approach to capital expenditures. The company plans to shell out more than $25 billion this year, roughly three times last year’s outlay, as Musk expands factory operations for production of Optimus humanoid robots and autonomous Cybercabs, among other initiatives. Tesla shares jumped as much as 3% before regular trading in New York. The stock has declined more than 5% this year through July 1’s close, trailing the more than 9% advance in the S&P
Jul 3, 2026 · via ttnews.com
Grayson Brulte: Uber's Multi-Vendor AV Strategy Is 'Autonomous Roulette' as Waymo Exits After 948 Days
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Jul 3, 2026 · via finance.biggo.com
T2 to Introduce Next-Gen Biofuel for Autonomous Trucks in Partnership with Idemitsu Kosan and Isuzu T2 (headquartered in Chiyoda, Tokyo), a startup developing autonomous truck driving systems, announced on July 2, 2026, a partnership with Idemitsu Kosan (headquartered in Chiyoda, Tokyo) and Isuzu Motors (headquartered in Yokohama, Kanagawa Prefecture) to introduce next-generation biodiesel fuel "Idemitsu Renewable Diesel (IRD)" for autonomous trucks used in long-haul trunk transportation. Trial use will begin this summer on an approximately 500-kilometer expressway route connecting the Kanto and Kansai regions. This initiative presents a new option for the logistics industry, where CO2 emission reduction is an urgent priority in pursuit of carbon neutrality by 2050. The effort proceeds under a clear division of roles among the three companies: T2 will continuously use IRD in actual commercial operations, Idemitsu Kosan will handle fuel supply and refueling infrastructure development, and Isuzu will provide vehicle maintenance services. Specific Framework of the Three-Company Collaboration T2 currently operates Level 2 autonomous trucks—vehicles that run under driver supervision—developed based on Isuzu's "Giga" heavy-duty truck. Among these vehicles, one unit used for corporate scheduled transport will begin trial use of IRD developed by Idemitsu Kosan. Taking this partnership as an opportunity, Idemitsu Kosan plans to promote the establishment of a refueling system utilizing portable fuel tanks. The goal is to create an environment where transport companies can use IRD more flexibly, without relying on fixed infrastructure such as conventional underground tanks. Furthermore, the company will explore the deployment of service stations dedicated to IRD refueling and the potential development of "blended renewable diesel," which mixes IRD with regular diesel fuel at a specified ratio. Isuzu positions next-generation biodiesel fuel as a key low-carbon solution alongside electrification in its pursuit of carbon neutrality. The company will provide repair and maintenance services for T2's autonomous
Jul 3, 2026 · via finance.biggo.com
America at 250: How the Truck Helped Connect a Continent America was founded on revolutionary ideas, but it was built by movement. For 250 years, the nation has depended on ever-better ways to move people, products, and prosperity across a vast continent. No machine has carried that mission further — or more faithfully — than the truck. - America's development over 250 years has been significantly influenced by advancements in transportation. - The movement of people, goods, and wealth across the continent has been crucial to the nation's growth. - Trucks have played a vital role in effectively connecting different parts of the United States. *Summarized by AI To our eyes, the American Revolution beckons to us from a great distance in time. With their powdered wigs, frock coats, and flowery language, the Founding Fathers often seem closer in time and thought to the court of Louis XVI than to the modern world. Yet many historians argue the opposite. The founding of the United States was one of the first definitive acts of the Modern Age. The ideas those frilly men in stockings and wigs were espousing were radical beyond reason to sensible minds in London and other parts of the Old World. The very notion of self-determination and a government deriving its authority from the people was as explosive and unsettling to Europe's Old Guard as Russia's communist revolution would be nearly 150 years later. The Birth of the Industrial Age As distant as those times seem today, it is often forgotten that the birth of the United States occurred almost simultaneously with the birth of the Industrial Age. The generation that signed the Declaration of Independence and framed the Constitution lived to witness the first stirrings of a technological revolution that would transform every aspect of human life.
Jul 2, 2026 · via truckinginfo.com
PACCAR (PCAR) Market Price (7/3/2026): $119.48 | Market Cap: $62.9 BilSector: Industrials | Industry: Construction Machinery & Heavy Transportation Equipment PACCAR (PCAR) Market Price (7/3/2026): $119.48Market Cap: $62.9 BilSector: IndustrialsIndustry: Construction Machinery & Heavy Transportation Equipment Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum. | Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.2%, Dividend Yield is 2.3% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11%, CFO LTM is 4.5 Bil, FCF LTM is 3.1 Bil Low stock price volatilityVol 12M is 27% Megatrend and thematic driversMegatrends include Electric Vehicles & Autonomous Driving, and Future of Freight. Themes include EV Manufacturing, Autonomous Driving Technology, Show more. | Weak multi-year price returns2Y Excs Rtn is -14%, 3Y Excs Rtn is -4.8% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -14%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.6%, Rev Chg QQuarterly Revenue Change % is -8.9% Key risksPCAR key risks include [1] navigating regulatory uncertainty and increased expenditures from new emissions mandates, Show more. | | Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.2%, Dividend Yield is 2.3% | | Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11%, CFO LTM is 4.5 Bil, FCF LTM is 3.1 Bil | | Low
Jul 2, 2026 · via trefis.com
Related: Why the Mack Pioneer Showcases a New Era of Truck Design Mack Unveils America 250 Tribute Truck to Celebrate Nation's Semiquincentennial Just in time for the Fourth of July! Mack unveils a brand-new patriotic, limited-edition, red, white, and blue truck wrap. Mack Trucks is marking America's 250th anniversary with a limited-edition America 250 Tribute Truck, unveiling a custom-wrapped Mack Pioneer that celebrates both the nation's semiquincentennial and Mack's own deep American heritage. The specially designed Pioneer features a bold eagle-and-American-flag graphic that stretches along both sides of the truck, creating the appearance of the Stars and Stripes flying down the highway. The themes "250 Years of Freedom" and "America 250" are prominently displayed as a tribute to the nation's milestone anniversary. The truck will be displayed throughout July at Mack Trucks' World Headquarters in Greensboro, North Carolina. Drivers traveling along Interstate 40 will be able to see the vehicle from the highway, while visitors are invited to stop at Mack's visitor parking area to view the truck and take photos. Mack also has added a patriotic background option to its online Truck Builder, allowing customers to place custom Mack truck designs against a red, white and blue backdrop. The free online tool enables users to configure a Mack Pioneer, Granite, Anthem, Keystone, MD or LR model before selecting the commemorative background. "As a company built on American heritage, Mack is honored to recognize this historic moment with a truck that celebrates the people, progress and pride that continue to define the United States," said David Galbraith, Mack Trucks vice president of global brand and marketing. More Equipment America at 250: How the Truck Helped Connect a Continent America was founded on revolutionary ideas, but it was built by movement. For 250 years, the nation has depended on ever-better ways
Jul 2, 2026 · via truckinginfo.com
LGMG & Boonray RTE156 truck: OEM autonomous electric haulage lens for mine planners Reviewed by Joe Ashwell First reported on International Mining – News 30 Second Briefing LGMG is partnering with autonomous driving specialist Boonray to develop the RTE156, a factory‑fitted autonomous, battery electric mining truck aimed at the Chinese surface mining market. The collaboration integrates Boonray’s AHS stack directly into LGMG’s haul truck platform, avoiding aftermarket retrofits and allowing tighter control of drive‑by‑wire, perception and fleet management systems. For mine operators, the model signals growing availability of OEM‑level autonomous electric haulage options that can be specified at purchase and tuned to local duty cycles and ramp profiles. Technical Brief - Close OEM–AHS vendor co‑design in China now covers more than a dozen haul truck models across multiple brands. Our Take LGMG’s collaboration with Boonray on the RTE156 comes as LGMG is already scaling new energy mining fleets, with a March 2026 piece in our database noting hybrid and battery-electric haul trucks and excavators being rolled out under the Lingong/LGMG umbrella, signalling a push to offer complete low‑emission fleets rather than standalone units. Boonray’s role on the autonomous side aligns with its positioning in China’s competitive AHS space, where an April 2026 article lists Shanghai BOONRAY alongside CiDi, EACON Mining and others, suggesting the RTE156 could be a platform Boonray uses to demonstrate capability against these established autonomy vendors. The RTE156 truck also fits with Boonray’s recent strategic cooperation with PT Vale Indonesia Tbk on all‑electric mining truck fleets, indicating that LGMG–Boonray solutions may be targeted first at large, international operators willing to trial fully electric, autonomous haulage in production environments. Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team. Related Articles Related Industries & Products
Jul 2, 2026 · via geomechanics.io
Mars Auto, a developer of autonomous driving solutions for heavy-duty freight trucks, announced that it will launch a Tesla-style autonomous driving software system later this year, outlining plans to lead autonomous logistics routes connecting South Korea and the United States. The company presented its vision at a media event in Seoul on July 1, stating that it aims to fully automate freight transportation from South Korea to the U.S. using end-to-end (E2E) artificial intelligence (AI)-based trailer autonomous driving technology. Park Il-soo, Chief Executive Officer (CEO) of Mars Auto, said the company aims to commercialize driverless trucks by 2028. He noted that Mars Auto will focus on developing an E2E autonomous driving system optimized for trucks, relying primarily on camera-based perception rather than LiDAR or other sensor-heavy approaches. CEO Park, who founded Mars Auto in 2017, said he targeted what he called one of the "most difficult problems solvable by AI." While exploring business opportunities at the time, he was influenced by Waymo LLC’s efforts in autonomous trucking and saw strong potential in freight transport alongside robotaxi applications. He added that autonomous trucking offers a faster path to commercialization because approximately 98% of long-haul truck driving occurs on highways, where technological implementation is comparatively easier. In particular, CEO Park emphasized that Mars Auto focuses on a camera-based approach similar to Tesla Inc.’s, enabling AI systems to interpret visual data and make driving decisions autonomously. He noted that this approach offers both technological performance and significant cost advantages. The company stated that while competitors require roughly 35 million won per vehicle in system deployment costs, Mars Auto’s solution can be implemented at around 1 million won per vehicle. To build its dataset, Mars Auto initially collected driving data using the simulation game “Euro Truck,” which replicates European trucking environments. The company later
Jul 2, 2026 · via thelec.net
UniTTech partners with Foton KaWen Auto to develop autonomous new energy heavy-duty trucks Recently, Qianshu Technology, an intelligent driving subsidiary of Qianfang Technology, signed a cooperation memorandum with Futian Kewen Automobile. The two parties plan to cooperate in areas such as customized development of new energy heavy trucks, development of autonomous driving system products, and the intelligent agents and unmanned freight ecological network for future transportation scenarios. According to the cooperation memorandum, the two parties will first develop customized prototypes of new energy heavy trucks based on the Futian Kewen heavy truck platform. Qianshu Technology will develop customized L3/L4 autonomous driving systems and products based on L4 - level autonomous driving technology. Futian Kewen is responsible for vehicle definition and development, and the two parties will jointly create mass - produced models of high - level autonomous driving new energy heavy trucks. Focusing on logistics and transportation scenarios, the two parties will also conduct in - depth exploration to build an AI intelligent agent for future logistics and transportation scenarios and jointly create an unmanned logistics and freight ecosystem. Create L3/L4 - level Autonomous Driving "Electric and Hydrogen - Compatible" New Energy Heavy Truck Models This cooperation is based on the mass - produced new energy heavy truck models released by Futian Kewen Automobile. The Futian Kewen heavy truck platform is the world's first "electric and hydrogen - compatible" intelligent heavy truck platform developed from the ground up, supporting both pure - electric and hydrogen (gaseous hydrogen/liquid hydrogen) power. Futian Kewen Automobile is responsible for vehicle definition and development. Qianshu Technology puts forward requirements for the installation and deployment of the wire - controlled chassis, vehicle sensors, and controllers based on the L4 - level autonomous driving system design plan. As a leading autonomous driving logistics capacity service provider in
Jul 2, 2026 · via eu.36kr.com
Aeva Technologies (AEVA) Market Price (7/3/2026): $24.0 | Market Cap: $1.5 BilSector: Information Technology | Industry: Systems Software Aeva Technologies (AEVA) Market Price (7/3/2026): $24.0Market Cap: $1.5 BilSector: Information TechnologyIndustry: Systems Software Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum. | Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 103% Megatrend and thematic driversMegatrends include Electric Vehicles & Autonomous Driving, Autonomous Technologies, and Automation & Robotics. Themes include Autonomous Driving Technology, Show more. | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -132 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -631% Expensive valuation multiplesP/SPrice/Sales ratio is 72x Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 127% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -525%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -556% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 62% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -14% High stock price volatilityVol 12M is 115% Key risksAEVA key risks include [1] a history of significant losses with profitability being highly dependent on the commercial success of its customers' programs, Show more. | | Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 103% | | Megatrend and thematic driversMegatrends include Electric Vehicles & Autonomous Driving, Autonomous Technologies, and Automation & Robotics. Themes include Autonomous Driving Technology, Show more. |
Jul 2, 2026 · via trefis.com
MARS AUTO Launches Autonomous Trailer Operations at Busan Port, Targeting Full Driverless by 2028 South Korean autonomous trucking startup MARS AUTO will begin paid autonomous transport services for large freight trailers traveling to and from Busan Port starting in the third quarter of this year. This marks the first commercial application of autonomous driving technology in South Korea's export container logistics. Building on this foundation, MARS AUTO plans to pursue fully driverless long-haul freight transport connecting South Korea and the United States. MARS AUTO held a press conference in Seoul's Gangnam district on the 1st to officially announce its business plans. CEO Park Il-soo and Vice President Noh Je-kyung attended the event and unveiled the next-generation Level 4 autonomous driving AI model "MarsNet 3" alongside the subscription-based Level 2 autonomous driving service "Copilot." The company has already secured a mobility regulatory sandbox from South Korea's Ministry of Land, Infrastructure and Transport and passed the safety evaluation conducted by the Korea Transportation Safety Authority. Accordingly, it plans to deploy autonomous trucks modified from Hyundai Motor's heavy-duty "Xcient" model on logistics routes for three initial client companies. Vice President Noh explained, "We will start with three vehicles and expand to ten within the year," adding, "Depending on the client, the structure will involve five to six trips per week." Approximately 80% of these routes share a common trunk line, making future expansion into an "export cargo autonomous driving network" centered on Busan Port relatively straightforward. Busan Port is a critical hub handling over 60% of South Korea's ocean-going export cargo volume. Trailers are responsible for more than 95% of domestic export container logistics, with the related market valued at approximately 5 trillion won (approximately $3.2 billion). MARS AUTO presented a "Team Korea" logistics model: cargo is transported autonomously from factories and logistics
Jul 2, 2026 · via finance.biggo.com
Aurora Innovation (AUR) Market Price (7/2/2026): $7.11 | Market Cap: $13.9 BilSector: Consumer Discretionary | Industry: Automotive Parts & Equipment Aurora Innovation (AUR) Market Price (7/2/2026): $7.11Market Cap: $13.9 BilSector: Consumer DiscretionaryIndustry: Automotive Parts & Equipment Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum. | Megatrend and thematic driversMegatrends include Electric Vehicles & Autonomous Driving, Future of Freight, and Autonomous Technologies. Themes include Autonomous Driving Technology, Show more. | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -934 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -23350% Expensive valuation multiplesP/SPrice/Sales ratio is 3,321x Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 5000% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -14950%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -16150% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -11% Key risksAUR key risks include [1] a high cash burn rate necessitating continuous funding amid minimal revenue, Show more. | | Megatrend and thematic driversMegatrends include Electric Vehicles & Autonomous Driving, Future of Freight, and Autonomous Technologies. Themes include Autonomous Driving Technology, Show more. | | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -934 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -23350% | | Expensive valuation multiplesP/SPrice/Sales ratio is 3,321x | | Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales),
Jul 2, 2026 · via trefis.com
RideFlux, Hanjin Launch South Korea's First Paid Autonomous Truck Service: 116km Gunsan-Daejeon Route Twice Weekly Autonomous driving software startup RideFlux has ignited competition in the logistics market by launching South Korea's first paid freight transport service using autonomous trucks. This service represents the first instance of parcel shipments being transported for actual fees, marking a watershed moment where autonomous driving technology transitions beyond the demonstration phase into a revenue-generating business. Starting on the 1st, RideFlux partnered with Hanjin to begin paid autonomous truck transport on a 116km one-way route from the Gunsan Express Cargo Customs Clearance Center to the Daejeon Mega Hub Center. The route passes through the Jeonju Hanjin Parcel Center, utilizing Tata Daewoo's 25-ton heavy-duty truck, the 'Maxen.' The vehicle carries up to 11 tons of parcel cargo at a maximum speed of 90 km/h, operating twice weekly during daytime hours. A professional safety operator sits in the driver's seat for safety management, but the autonomous driving system handles all driving control. Beyond this regular paid transport, the company plans to conduct its own test runs for data collection two to three times per week in parallel, continuously improving driving performance. This commercialization comes just over two months after RideFlux received South Korea's first-ever permit for paid autonomous truck freight transport from the Ministry of Land, Infrastructure and Transport in April. It demonstrates that the company's previously announced plans for regular transport contracts with major logistics firms and nationwide service expansion are rapidly materializing. Most importantly, the launch of paid transport is seen as a turning point that fundamentally transforms RideFlux's business structure. While South Korea's autonomous driving industry has often relied on government-led demonstration projects (B2G), RideFlux is now fully entering the high-margin business-to-business (B2B) market through a direct contract with a major logistics company like Hanjin.
Jul 1, 2026 · via finance.biggo.com
When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard. Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences. At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000. Do the math. According to Musk, this technology could be worth $250 trillion by 2040. Put another way, that’s roughly equal to: - 175 Teslas - 107 Amazons - 140 Metas - 84 Googles - 65 Microsofts - And 55 Nvidias And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy. It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide. Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential. How could anything be worth that much? The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates. And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors. What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution. In fact, Verge argues this company’s supercheap AI technology should concern rivals. Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves. - Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education,
Jul 1, 2026 · via insidermonkey.com
Mars Auto, a South Korean startup building autonomous-driving software for heavy trucks, says it will release what it calls Tesla-comparable self-driving software this year and aims to automate freight all the way from Korea to the United States. At a media day in Seoul, CEO Park Il-su said the company will commercialize driverless trucks by 2028 using an end-to-end (E2E), camera-based AI system he likened to Tesla's, according to Seoul Economic Daily — processing visual data through cameras and letting AI make decisions, rather than relying on LiDAR and high-definition maps. Founded in 2017 by KAIST alumni, Mars Auto has real operations to point to, though its most eye-catching framing is its own. Why Cameras, and Why Trucks The company's bet rests on two technical arguments. The first is architectural. Most autonomous systems pair LiDAR — laser sensors that build a precise 3D picture — with high-definition maps, and can operate only on routes prepared in advance. Mars Auto instead uses a single neural network that takes raw video from the truck's cameras and directly outputs perception, judgment, and control, with no pre-built map, which it says lets the truck drive roads it has never seen, the way a human does. Mars Auto argues the camera approach wins on both capability and cost: where rivals' sensor setups can run around 350 million won ($229,000) per vehicle, it says its own runs about 10 million won ($6,500). The trade-off, and the reason this approach is debated, is that cameras alone can struggle in fog, glare, or darkness where LiDAR's active sensing still works — the same camera-only philosophy Tesla uses is currently the subject of a U.S. federal safety investigation. The second argument is about problem choice. Because roughly 98% of a truck's route is highway — a far more uniform
Jul 1, 2026 · via techtimes.com
For three decades, autonomous construction machinery lived mostly in mining pits and demonstration yards — a technology perpetually described as “coming soon.” That changed decisively in 2026. At CES in January and CONEXPO-CON/AGG in March, the world’s largest equipment makers stopped teasing driverless machines and started shipping them. Caterpillar unveiled a five-machine autonomous construction lineup. John Deere put its first autonomous articulated dump truck to work in a quarry setting. Doosan Bobcat rolled out a modular, cab-optional concept loader. And a fast-growing category of specialist robotics firms began putting machines that tie rebar and scan job sites overnight to work on live projects. The numbers back up the shift. Market researchers differ on exact figures, but every major estimate points the same direction: the global autonomous construction equipment market was worth roughly $16.6 billion in 2025 and is on track to reach approximately $18.2 billion in 2026, according to The Business Research Company, with most forecasters projecting compound annual growth in the high single digits to low double digits through the early 2030s. MARKET SNAPSHOT: $18.16bn in 2026, rising to $25.86bn by 2030 (9.1–9.2% CAGR) $17.71bn in 2026, rising to $35.22bn by 2034 (9.0% CAGR) $15.11bn in 2025, rising to $30.09bn by 2033 (8.99% CAGR) | Source | 2026 Market Size (est.) | Forecast | CAGR | | The Business Research Company | $18.16 billion | $25.86 billion by 2030 | 9.1–9.2% | | Fortune Business Insights | $17.71 billion | $35.22 billion by 2034 | 9.0% | | SkyQuest | $15.11 billion (2025) | $30.09 billion by 2033 | 8.99% | | MarketsandMarkets | n/a (2024 base: $4.40bn) | $9.77 billion by 2030 | 14.2% | | MarketGenics | n/a (2025 base: $13.2bn) | $36.8 billion by 2035 | 10.8% | For contractors, OEMs and infrastructure planners watching from
Jul 1, 2026 · via cceonlinenews.com
ARCHION Group companies Hino Motors and Mitsubishi Fuso Truck and Bus Corporation will cooperate in a Japanese government program aimed at accelerating the use of Level 4 autonomous trucks for freight transport on expressways. The two commercial vehicle manufacturers will support Japan’s Ministry of Land, Infrastructure, Transport and Tourism’s Autonomous Truck Implementation Support Project, which is focused on the early social implementation of freight movement using Level 4 autonomous trucks on highways. Under the program, Hino and Mitsubishi Fuso will participate as heavy-duty vehicle manufacturers supporting the safety foundation needed for autonomous truck deployment. Both companies will cooperate with the Expressway Autonomous Truck Transport Operations Council, while Hino will also cooperate with the L4 Logistics Autonomous Driving Trailer Promotion Council and the Toyota Tsusho Consortium. The announcement builds on previous autonomous truck work by Hino and Mitsubishi Fuso. From fiscal year 2021 through fiscal year 2025, both companies participated in Theme 3 of the Road to the L4 project, an initiative promoted by Japan’s Ministry of Economy, Trade and Industry and the Ministry of Land, Infrastructure, Transport and Tourism. The project focused on the practical application of high-performance trucks on expressways and the broader social implementation of Level 4 autonomous trucks. The companies also supported a separate 2025 effort under Japan’s Ministry of Economy, Trade and Industry related to the development of digital lifelines, including autonomous driving service support roads. As part of that work, Hino and Mitsubishi Fuso helped develop a business proposal for trunk-route joint transport using autonomous-driving tractors. According to ARCHION, the work will be part of a broader effort to combine the commercial vehicle development, production and sales foundations of Hino and Mitsubishi Fuso following their management integration. The group said it intends to advance joint development across connected, autonomous, shared and electric vehicle technologies, including
Jul 1, 2026 · via act-news.com
A New Era in Autonomous Hauling: Humble Robotics Unveils Driverless Electric Truck Interest in autonomous vehicles in the global technology market is reminiscent of the hype of 2016. Experienced industry experts and major investors are back in the spotlight, this time focusing on the full automation of freight logistics. Specifically, the startup Humble Robotics has announced its new project aimed at revolutionizing the trucking industry. This is reported by Techcrunch.com reports says. In an interview with TechCrunch, company founder and CEO Eyal Cohen emphasized that a new surge in autonomous technology has begun. Humble Robotics announced that it has ended its stealth mode in April, raised $24 million in investment, and is developing a fully autonomous, cab-less electric hauling vehicle. Eyal Cohen is a figure with vast experience in this field. He previously worked on the Otto project, which was acquired by Uber, and later operated at Pronto alongside Anthony Levandowski. He notes that the flow of capital and the battle for talented engineers are becoming as intense as they were several years ago, but the technologies are now much more mature. The future of cab-less trucks and logistics The uniqueness of the Humble Robotics project is that their electric trucks have no traditional driver's seat or control cab. This approach allows for reducing the vehicle's weight, improving aerodynamics, and increasing cargo volume. For countries with high transit potential like Uzbekistan, such technologies could increase road safety and significantly reduce transport costs in the future.According to experts, autonomous trucks eliminate fatigue and human error associated with long-distance hauling. According to Eyal Cohen, the experience accumulated in electrification, solar energy, and robotics over the last 15 years is now merging into a single ecosystem. This is turning autonomous vehicles from mere laboratory projects into real business solutions. Currently, companies like Humble
Jul 1, 2026 · via zamin.uz
Humble Robotics raises $24M to build driverless electric truck tractor A new wave of AV funding is gathering momentum as experienced founders return to the sector. The stakes for freight autonomy are rising. As reported by Techcrunch The autonomous vehicle sector is once again reminiscent of the 2016 peak: investors are picking up momentum, and those who rode out that wave are now helping shape the next phase of development. Money is returning, and it is the people who were in the thick of it who are shaping the future. Among them is Eyal Cohen, founder and CEO of Humble Robotics. He has walked the path from Otto to Pronto: when Uber came with an offer, and later he joined the company together with Anthony Levandowski. After more than two decades in the world of advanced technologies, his new company emerged from stealth in April with $24 million in funding to develop a fully autonomous, cabless electric tractor for freight trucks. Cohen took part in a conversation with Kirsten Korosec on TechCrunch’s Equity podcast, where they discussed AV déjà vu and the lessons learned from 15 years building startups in electrification, solar energy, and robotics. Hallmark signals of a new AV hype cycle The idea behind Humble Robotics is to make driverless freight transportation safer and more efficient through full autonomy and electric propulsion oriented toward commercial freight. The role of Cohen and his team is seen as evidence that the previous talent pool and investments are returning: now new funding and interest from players who were previously in the swirl of the auto manufacturing and robotics markets are emerging. The Equity podcast continues to serve as a platform for discussing how the experience of the past years can influence the development of autonomous freight systems, alongside current challenges and
Jul 1, 2026 · via mezha.net