Mentioned:
Caterpillar believes in the future of robotics. Which is exactly why they’ve just formed a new partnership with FieldAI.
What’s happening:
- Caterpillar (NYSE: CAT) has formed a new partnership with FieldAI to explore potential ways to advance autonomy and robotics across job sites and factories
Why it matters:
- FieldAI is one of the most advanced private companies in the United States developing general-purpose software for robotics that is hardware agnostic
Going deeper:
- FieldAI and Caterpillar have both publicly stated their new collaboration will initially be focused on autonomous inspections, digital twins and being able to safely operate robotics in complex industrial environments
- Caterpillar has been ramping up their commitment to robotics lately, including previously making waves when they were amongst the first few companies to begin using Nvidia’s (NASDAQ: NVDA) new Cosmos and GROOT models for autonomous robots
The intrigue:
- Amazon (NASDAQ: AMZN) founder Jeff Bezos’ family office Bezos Expeditions was the lead investor in FieldAI’s $314M USD strategic equity financing round
