Apr 11, 2018

Cruise nabs team behind autonomous delivery robot startup

Photo: Cruise

Cruise, General Motors' self-driving car unit, has acquired the seven-person team behind Zippy.ai, a one-year-old startup working on autonomous robots for delivery and last-mile logistics, CEO Kyle Vogt said in a blog post.

But: This doesn't mean Cruise is moving to work on self-driving vehicles for deliveries, a spokesperson tells Axios. The company is currently testing cars with plans to deploy a commercial ride-hailing service next year. No terms of the deal were disclosed, though Zippy.ai raised $3.6 million last year according to an SEC filing. Cruise didn't purchase any assets.

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The race to catch Nike's Vaporfly shoe before the 2020 Olympics

Illustration: Aïda Amer/Axios

Four months ago, on the very same weekend, Eliud Kipchoge became the first human to run a marathon in under two hours, and fellow Kenyan Brigid Kosgei shattered the women's marathon record.

Why it matters: Kipchoge and Kosgei were both wearing Nike's controversial Vaporfly sneakers, which many believed would be banned because of the performance boost provided by a carbon-fiber plate in the midsole that acted as a spring and saved the runner energy.

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Reassessing the global impact of the coronavirus

Illustration: Aïda Amer/Axios

Economists are rethinking projections about the broader economic consequences of the coronavirus outbreak after a surge of diagnoses and deaths outside Asia and an announcement from a top CDC official that Americans should be prepared for the virus to spread here.

What's happening: The coronavirus quickly went from an also-ran concern to the most talked-about issue at the National Association for Business Economics policy conference in Washington, D.C.

Tech can't remember what to do in a down market

Illustration: Rebecca Zisser/Axios

Wall Street's two-day-old coronavirus crash is a wakeup alarm for Silicon Valley.

The big picture: Tech has been booming for so long the industry barely remembers what a down market feels like — and most companies are ill-prepared for one.