Shake Shack, Serve Robotics roll out autonomous sidewalk robot delivery in Los Angeles

Reuters08-14

Aug 14 (Reuters) - Fast-food chain Shake Shack and Serve Robotics are partnering to use autonomous sidewalk robots to deliver orders placed on Uber Eats, the companies said on Wednesday.

The partnership will cover select Shake Shack restaurants in Los Angeles, the companies added.

WHY IT'S IMPORTANT

Uber's food delivery arm has been offering Serve's autonomous deliveries in Los Angeles since 2022 and is focused on tapping more geographies across the U.S.

For Serve, the tie-up with Shake Shack would speed up its efforts to achieve its target of deploying up to 2,000 AI-powered sidewalk delivery robots on the Uber platform in 2025.

CONTEXT

Restaurants, retailers and other consumer-facing companies have been ramping up testing and roll-outs of technologies including robots, drones and self-driving cars, in a bid to cut down on delivery costs through automation.

Uber is also investing in autonomous technologies for its ride-sharing and food delivery operations, striking partnerships with companies, including Alphabet's Waymo, as companies bet on the potential of autonomous driving systems.

MARKET REACTION

Shares of Serve Robotics, spun off from Uber in 2021, jumped nearly 30% in morning trade on Wednesday.

The company, which has partnerships with retailers such as 7-Eleven, late on Tuesday reported a more than seven-fold increase in revenue to $0.47 million for the second quarter ended June 30.

(Reporting by Deborah Sophia in Bengaluru; Editing by Sriraj Kalluvila)

((DeborahMary.Sophia@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2459109141?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-08-14 23:38","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2459109141","market":"us","top_or_hot":-1,"title":"Shake Shack, Serve Robotics roll out autonomous sidewalk robot delivery in Los Angeles","media":"Reuters","content":"<html><body><p>Aug 14 (Reuters) - Fast-food chain Shake Shack    and Serve Robotics    are partnering to use autonomous sidewalk robots to deliver orders placed on Uber Eats, the companies said on Wednesday. </p><p>   The partnership will cover select Shake Shack restaurants in Los Angeles, the companies added.  </p><p>   WHY IT'S IMPORTANT </p><p>   Uber's    food delivery arm has been offering Serve's autonomous deliveries in Los Angeles since 2022 and is focused on tapping more geographies across the U.S.</p><p>   For Serve, the tie-up with Shake Shack would speed up its efforts to achieve its target of deploying up to 2,000 AI-powered sidewalk delivery robots on the Uber platform in 2025. </p><p>   CONTEXT</p><p>   Restaurants, retailers and other consumer-facing companies have been ramping up testing and roll-outs of technologies including robots, drones and self-driving cars, in a bid to cut down on delivery costs through automation. </p><p>   Uber is also investing in autonomous technologies for its ride-sharing and food delivery operations, striking partnerships with companies, including Alphabet's    Waymo, as companies bet on the potential of autonomous driving systems.</p><p>   MARKET REACTION </p><p>   Shares of Serve Robotics, spun off from Uber in 2021, jumped nearly 30% in morning trade on Wednesday. </p><p>   The company, which has partnerships with retailers such as 7-Eleven, late on Tuesday reported a more than seven-fold increase in revenue to $0.47 million for the second quarter ended June 30.</p><p> (Reporting by Deborah Sophia in Bengaluru; Editing by Sriraj Kalluvila)</p><p>((DeborahMary.Sophia@thomsonreuters.com;))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Shake Shack, Serve Robotics roll out autonomous sidewalk robot delivery in Los Angeles</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShake Shack, Serve Robotics roll out autonomous sidewalk robot delivery in Los Angeles\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-14 23:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Aug 14 (Reuters) - Fast-food chain Shake Shack    and Serve Robotics    are partnering to use autonomous sidewalk robots to deliver orders placed on Uber Eats, the companies said on Wednesday.    The ...</p>\n\n<a href=\"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999014906.USD","symbol_name":"大华全球优质成长基金Acc USD","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2459109141","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2459109141","pubTimestamp":1723649923,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"Aug 14 (Reuters) - Fast-food chain Shake Shack    and Serve Robotics    are partnering to use autonomous sidewalk robots to deliver orders placed on Uber Eats, the companies said on Wednesday.    The ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999014906.USD":"大华全球优质成长基金Acc USD","SERV":"Serve Robotics Inc.","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","SG9999014880.SGD":"大华全球优质成长基金Acc SGD","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","SG9999017495.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"B\" (SGD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","BK4536":"外卖概念","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","BK4535":"淡马锡持仓","LU0109391861.USD":"富兰克林美国机遇基金A Acc","UBER":"优步","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","BK4538":"云计算","BK4077":"互动媒体与服务","BK4550":"红杉资本持仓","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","SHAK":"Shake Shack Inc","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","LU0061474960.USD":"天利环球焦点基金AU Acc","BK4551":"寇图资本持仓","BK4022":"陆运","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","BK4561":"索罗斯持仓","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","BK4230":"旅客陆运","LU0096362180.USD":"CT (LUX) I GLOBAL FOCUS \"DU\" (USD)","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","BK4209":"餐馆","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4514":"搜索引擎","LU0215105999.USD":"SCHRODER ISF GLOBAL EQUITY \"A\" ACC","SG9999015978.USD":"利安颠覆性创新基金A","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","LU0096364046.USD":"CT (LUX) I AMERICAN \"DU\" (USD) ACC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","BK4585":"ETF&股票定投概念","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU0149725797.USD":"汇丰美国股市经济规模基金","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC"},"translate_title":"Shake Shack、Serve Robotics在洛杉矶推出自动人行道机器人送货服务","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SHAK":1,"SERV":0.9,"UBER":0.7},"content_text":"Aug 14 (Reuters) - Fast-food chain Shake Shack    and Serve Robotics    are partnering to use autonomous sidewalk robots to deliver orders placed on Uber Eats, the companies said on Wednesday.    The partnership will cover select Shake Shack restaurants in Los Angeles, the companies added.     WHY IT'S IMPORTANT    Uber's    food delivery arm has been offering Serve's autonomous deliveries in Los Angeles since 2022 and is focused on tapping more geographies across the U.S.   For Serve, the tie-up with Shake Shack would speed up its efforts to achieve its target of deploying up to 2,000 AI-powered sidewalk delivery robots on the Uber platform in 2025.    CONTEXT   Restaurants, retailers and other consumer-facing companies have been ramping up testing and roll-outs of technologies including robots, drones and self-driving cars, in a bid to cut down on delivery costs through automation.    Uber is also investing in autonomous technologies for its ride-sharing and food delivery operations, striking partnerships with companies, including Alphabet's    Waymo, as companies bet on the potential of autonomous driving systems.   MARKET REACTION    Shares of Serve Robotics, spun off from Uber in 2021, jumped nearly 30% in morning trade on Wednesday.    The company, which has partnerships with retailers such as 7-Eleven, late on Tuesday reported a more than seven-fold increase in revenue to $0.47 million for the second quarter ended June 30. (Reporting by Deborah Sophia in Bengaluru; Editing by Sriraj Kalluvila)((DeborahMary.Sophia@thomsonreuters.com;))","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Company Corporation","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.4","shortVersion":"4.26.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2459109141"}