Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

AMAZON.COM, INC.

(AMZN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Amazon com : Narrow tunnels, steep hills, inclement weather—Zoox is ready

10/18/2021 | 11:22am EST
The Seattle area offers a host of new ways to test Zoox's autonomous vehicles in all kinds of conditions.

Zoox has been testing their autonomous L3 vehicles in Las Vegas and the San Francisco Bay Area for more than four years. That means they know a lot about how their hardware and software behave in those climates. But the company's goal isn't to change mobility in a few states: They want to reimagine transportation for the whole world. To do that, they have to prepare for unfamiliar roads and novel conditions. Enter the Seattle area.

Testing in a new city gives the vehicle and its artificial intelligence (AI) the chance to experience fresh challenges, including different weather and infrastructure, different by-laws, and a different driving culture. These challenges will help iterate hardware and software-ultimately broadening the capabilities of Zoox. Additionally, expanding will give the company the ability to create geofences and maps specific to the Seattle area.

"We're excited to be testing in Seattle. The data we're gathering will be invaluable for the continued development of our AI stack," said Jesse Levinson, CTO and co-founder of Zoox.

The company is also planning to open an office in the Seattle area in 2022, to grow their base of operations and facilities. This will be Zoox's fourth base and testing site, following San Francisco, Las Vegas, and a headquarters in Foster City, California.

That's the longer-term vision, but to start, Zoox will be deploying a small number of L3 vehicles to get the lay of the land. They'll kick off exploration of the area, assessing the complexity and demands of the Seattle area, so that the company can keep moving forward.

Photo by Zoox
The L3 fleet

If you're in the Seattle area over the next few months, you might see some of the company's L3 vehicles on the road. These all-wheel drive Toyota Highlanders are outfitted with the latest software stack and will have a safety driver to take control if needed. Zoox is the only major autonomous vehicle company with the same sensor architecture in their L3 and L5 fleets, which means the data gathered in the Seattle area will be directly applicable to the company's whole fleet, including their purpose-built vehicle. So they can learn more from every mile on the road.

Zoox's vehicle sensors work together to build a picture of their vehicle's surroundings. Testing these sensors in varied conditions will highlight specific areas to help their systems evolve.

"A smooth sea never made a skilled sailor, and it's the exact same principle for our technology," said Kai Wang, director of prediction at Zoox. "The challenges of the Seattle area will let us hone our software stack and ultimately improve the behavior of our vehicles."

The data collected in the Seattle area is also crucial for the company's Calibration, Localization, and Mapping, Simultaneously (CLAMS) and Zoox Road Network (ZRN) teams, which will start creating a 3D map of the city and populating it with road features: bike lanes, speed limits, traffic lights, and so on. That means when L5 vehicles are eventually deployed in the city, they'll have a full working knowledge of their environment from day one.

Photo by Zoox
The road ahead

Arriving in the Seattle area marks an exciting new step for Zoox. While Las Vegas and San Francisco are still the company's focus for launch, testing in another city will accelerate the pace of learning and iteration everywhere. The company will only launch Zoox when they're certain that the vehicle is meaningfully safer than human driving. Being in the Seattle area will help reach that milestone sooner.

Here's to a new city, a new state, and a new chapter in the story. We couldn't be more excited about what comes next for Zoox.

Disclaimer

Amazon.com Inc. published this content on 18 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 October 2021 15:21:01 UTC.


ę Publicnow 2021
All news about AMAZON.COM, INC.
06:21aItaly fines Amazon $1.3B, alleging harm to outside sellers
AQ
05:36aItalian Competition Regulator Fines Amazon 1.13 Billion Euros for Alleged Abuse of Mark..
MT
05:19aAmazon Gets $1.28 Billion Antitrust Fine in Italy -- Update
DJ
03:51aAmazon Gets $1.3 Billion Fine in Italian Market Dominance Abuse Case
MT
03:45aItaly Imposes Around $1.3 Billion on Amazon for Alleged Abuse of Market Dominance
DJ
03:02aTech firms say EU rules should ensure they are regulated in their bases
RE
12/08EXPLAINER : What caused Amazon's outage? Will there be more?
AQ
12/08AMAZON COM : personalizes employee COVID-19 vaccine education
PU
12/08AMAZON COM : front-line employees win big with Max Your Vax sweepstakes
PU
12/08Strategic Organizing Center Files Complaint Over Amazon Ads
MT
More news
Analyst Recommendations on AMAZON.COM, INC.
More recommendations
Financials (USD)
Sales 2021 470 B - -
Net income 2021 21 038 M - -
Net cash 2021 38 014 M - -
P/E ratio 2021 86,5x
Yield 2021 -
Capitalization 1 787 B 1 787 B -
EV / Sales 2021 3,72x
EV / Sales 2022 3,10x
Nbr of Employees 1 298 000
Free-Float 82,7%
Chart AMAZON.COM, INC.
Duration : Period :
Amazon.com, Inc. Technical Analysis Chart | AMZN | US0231351067 | MarketScreener
Technical analysis trends AMAZON.COM, INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 50
Last Close Price 3 523,16 $
Average target price 4 121,35 $
Spread / Average Target 17,0%
EPS Revisions
Managers and Directors
Andrew R. Jassy President, Chief Executive Officer & Director
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Jeffrey P. Bezos Executive Chairman
Patricia Q. Stonesifer Independent Director
Thomas O. Ryder Independent Director
Sector and Competitors
1st jan.Capi. (M$)
AMAZON.COM, INC.8.17%1 786 762
JD.COM, INC.-10.93%121 605
ETSY, INC.38.27%31 188
WAYFAIR INC.5.39%24 879
MOMO.COM INC.238.78%10 898
MONOTARO CO., LTD.-12.76%9 995