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Stock impact report

Austin-based robotics company to be acquired in $29 million deal [Yahoo! Finance]

Serve Robotics Inc. (SERV) 
Last serve robotics inc. earnings: 2/27 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.servicemaster.com
Company Research Source: Yahoo! Finance
Serve Robotics , a Bay Area-based artificial intelligence company that develops outdoor food delivery robots, announced the acquisition Tuesday afternoon. The deal represents an expansion for Serve, which has focused primarily on small, sidewalk delivery robots. Diligent Robotics, founded in Austin in 2017, designs robots to work alongside hospital staff in health care settings. Its flagship robot, Moxi, is powered by Nvidia Corp. AI chips and assists nurses and pharmacy staff by transporting lab samples and delivering medications. The company has deployed more than 100 robots in 25 hospitals nationwide, with expected annual revenue per hospital ranging from $200,000 to $400,000. Diligent has raised more than $100 million in capital investment. The acquisition comes just months after Diligent unveiled a new robot design at Nvidia's GTC AI conference in October. Serve said Tuesday that Diligent will continue operating under the leadership of co-founder and CEO Andrea Thomaz. “ Show less Read more
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