Why Are Nvidia and Uber Backing This Tiny $900 Million Artificial Intelligence (AI) Company?

The next time you see a food robot on wheels navigating its way across a cracked sidewalk or a challenging pedestrian-heavy crosswalk, look harder. There might be some big backers behind that little rolling automaton trying to get a lamb gyro to a hungry customer a few blocks away.Nvidia (NASDAQ: NVDA) and Uber (NYSE: UBER) were early financial backers of Serve Robotics (NASDAQ: SERV), a pioneer in delivery robotics. But it's not the only player in this niche, and there are other companies with lofty ambitions hoping to nail the last mile in urban delivery with a fleet of high-tech bots. Serve Robotics generated a mere $1.8 million in revenue for all of last year, and it had just 57 daily active robots in service heading into 2025.Still, don't dismiss Serve Robotics just yet. It has a fun origin story, elite backers, a recurring role in a popular Netflix comedy special last year, and impressive deals that should help it scale quickly.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool