{"componentChunkName":"component---src-templates-blog-post-js","path":"/blog/torc-to-acquire-perception-software-vendor-algolux/","result":{"data":{"site":{"siteMetadata":{"title":"No Frills News"}},"contentfulNfnPost":{"postTitle":"Torc to acquire perception software vendor Algolux","slug":"torc-to-acquire-perception-software-vendor-algolux","createdLocal":"2023-03-22 14:30:57.872008","publishDate":"None","feedName":"Autonomous Vehicle News","sourceUrl":{"sourceUrl":"https://electronics360.globalspec.com/article/19465/torc-to-acquire-perception-software-vendor-algolux"},"postSummary":{"childMarkdownRemark":{"html":"<p>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.\nUnder 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.\nWhy it mattersThe autonomous vehicle market has been in chaos lately.\nStellantis N.V. also plans to acquire aiMotive, a maker of autonomous software.\nU.S. autonomous vehicle outfit Locomation last month laid off most of its staff and is winding down operations.</p>"}}}},"pageContext":{"slug":"torc-to-acquire-perception-software-vendor-algolux"}}}