Aurora Corp

Wayve has locked in a commercial partnership with Mercedes-Benz to integrate its automated driving tech into at least one model set to be deployed within the next two years, a Level 2 product that still requires the human driver to remain engaged. The deal follows similar partnerships with Nissan and Stellantis, and earlier this year Wayve announced a partnership with Nissan and Uber to launch a robotaxi service in Tokyo. Meanwhile, about 80% of Waymo's roughly 4,000 robotaxis are in California and Texas, with its Texas fleet growing by more than 49% in the past three weeks. Aurora, which is developing and commercializing self-driving trucks, said it is targeting more than 30,000 driverless trucks in operation by 2030 and plans to have more than 200 driverless trucks by the end of the year. In other news, Zoox grounded its autonomous vehicle test fleet in Atlanta after safety drivers were potentially exposed to carbon monoxide, carbon dioxide, or hydrogen sulfide gas inside its vehicles last month, prompting one worker to file a complaint with the Occupational Safety and Health Administration. On the deals front, Carro is considering a dual listing on the Nasdaq and the Singapore Exchange, Spinny and PMI Electro Mobility Solutions have both filed confidentially for IPOs, EcoCeres reportedly plans to raise about $1 billion in a Hong Kong initial public offering, and Ultraviolette raised $85 million and brought on Intel CEO Lip-Bu Tan as an adviser.

Ambarella CEO Fermi Wang said the fabless chipmaker is positioning its system-on-chip portfolio for broader edge AI adoption across enterprise security, consumer video, wearables, automotive and edge infrastructure, speaking at Citi's TMT Conference. Automotive accounts for about 30% of Ambarella's revenue and security remains its largest market, while wearables represented roughly 10% of revenue, according to figures cited by the conference moderator. Wang said the company's Cooper software development kit supports its 15 AI SoCs across a portfolio spanning 1 TOPS to 1,000 TOPS, and he named power efficiency as its primary competitive advantage, calling Qualcomm its largest competitor. Ambarella recorded record automotive revenue in its second quarter and has announced partnerships involving Aurora, Continental and Bosch, and Wang said a single consumer vehicle design win could represent several hundred million dollars of revenue. The company works exclusively with Samsung Foundry and expects its first 4-nanometer chip to enter production, and it is targeting 10% to 15% fiscal 2027 revenue growth, with memory availability and pricing the main uncertainty.