Oxa, a self-driving vehicle software provider, has acquired StreetDrone to enhance industrial logistics and plans to leverage Nvidia Cosmos generative world foundation models to advance Industrial Mobility Automation (IMA). The company argues that since the Industrial Revolution, automation has been a key driver of productivity and innovation. IMA targets the automation of repetitive driving tasks performed by 400 million work vehicles globally, presenting a $2 trillion market opportunity. Oxa's collaboration with Nvidia aims to improve training tools for these applications, emphasizing the potential for significant economic impact through enhanced automation.
Oxa's acquisition of StreetDrone and collaboration with Nvidia aims to revolutionize Industrial Mobility Automation, unlocking a $2 trillion market opportunity by automating mobility tasks.
The implementation of physical AI in Industrial Mobility Automation allows businesses to enhance productivity and reduce operational costs by automating repetitive driving tasks currently done by work vehicles.
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