The market of connected things is taking at least a short-term hit due to COVID-19. Global smartphone shipments dropped 38% annually in the month of February.
Since its founding in 2015, Starsky Robotics raised more than $20 million to develop driverless trucks. But now the company has shut down.
There's a race between the Internet of Things and the hype around it. As with any emerging technological innovation, the hype typically comes before the market.
Autonomous car trials, especially those with backup drivers, are being impacted by COVID-19.
The coronavirus is taking its toll on the wearables market, at least from a growth perspective. The market is now projected to grow 9% this year, reaching 368 million devices shipped, according to the latest forecast.
Virtual and augmented reality live in a state of future potential. After cardboard VR viewers and failed consumer AR glasses, the technologies just aren't catching on.
The global smart-home market is being hit hard by the coronavirus. The market now is forecast to fall nearly $20 billion short of previous estimates for 2020.
Uber had stopped its trials in California in the wake of a fatal crash in Arizona two yeas ago.
Late last year, Land O'Lakes used an autonomous truck from Plus.ai to test coast-to-coast deliveries of its butter.
Global shipments of wearable devices grew a whopping 82% in Q4 2019, reaching 119 million units. The stunning growth was driven by hearables, which accounted for more than half of the entire market.