Mentioned:
DoorDash is getting into a new venture: robots. But, why?
What’s happening:
- DoorDash (NASDAQ: DASH) has officially launched their new autonomous delivery robot known as Dot in Phoenix, Arizona for testing
Why it matters:
- This is the first time ever DoorDash has designed and developed their own robot for completing deliveries
Going deeper:
- Both the hardware and the software that power Dot were made entirely by DoorDash and is entirely proprietary to DoorDash
- DoorDash has also publicly stated they plan to begin rolling Dot out in more cities in the United States once a successful pilot project has been completed in Phoenix
The intrigue:
- Autonomous robots for delivery have continued to be a major theme in both Silicon Valley and Wall Street, with OpenAI co-founder Sam Altman previously leading a $80M USD strategic financing round into Coco Robotics
