TECH - SoftBank's Billion-Dollar Bet On The Future Of AI Trucking | Benzinga
SoftBank Group Corp – ADR (OTC:SFTBY) known for its tech industry stakes, recently invested in an autonomous trucking startup, Stack AV. The startup, led by founders formerly associated with the self-driving unit of Ford Motor Company (NYSE:F) and Volkswagen AG (OTC:VWAGY), reportedly secured an investment believed to be north of $1 billion from SoftBank.
SoftBank’s association with the Pittsburgh-based Stack AV merges their expansive ambitions in the artificial intelligence (AI) sector with the startup’s goals to revolutionize the logistics and supply chain industry, according to Bloomberg, which initially covered the topic.
Stack AV, under the ...