iRobot tells investors its future is in doubt

iRobot tells investors its future is in doubt

Source: The Verge Since taking out that loan from the Carlyle Group and facing increasing competition from Chinese manufacturers, iRobot has not found a way to become profitable again and says it expects to incur losses for “the foreseeable future.” With no clear path to paying off the debt, the future looks bleak for the…

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Rivian joins the hands-free highway driving party

Rivian joins the hands-free highway driving party

Source: The Verge It was a notable announcement, considering the company has lagged behind its competitors in introducing partially automated driving features similar to Tesla’s Autopilot and General Motors’ Super Cruise. The update enables drivers to take their hands off the steering wheel on “compatible highways,” covering 135,000 miles of road in the US and…

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