Swiss-based Gravis Robotics secured a $200 million Series A funding round led by SoftBank, marking the largest investment in construction robotics history and valuing the company at $1 billion. Gravis develops the Gravis Rack, an AI control kit that retrofits heavy machinery from brands like Caterpillar and John Deere to boost productivity by up to 30%. This technology enables AI-assisted operation and remote control, aiming to revolutionize construction efficiency. With this capital, Gravis plans to scale its AI retrofit solutions amid competition from other players and equipment manufacturers.
Luck Stone and Caterpillar are expanding their autonomous hauling technology to two additional quarries in Virginia following a successful 18-month pilot at Bull Run Quarry. During the pilot, autonomous trucks hauled over 3.5 million tons, demonstrat...
Shares of companies involved in AI infrastructure and energy, including GE Vernova, Caterpillar, and Oracle, fell sharply after Anthropic CEO proposed slowing AI model development. These firms have heavily invested in data centers and AI compute reso...
Shares of Caterpillar dropped 4% following weekend warnings from AI leaders about slowing AI model improvements, which sparked selling in AI infrastructure-linked stocks. Caterpillar's power generation business, tied to AI data center construction, s...
Shares of Deere and Caterpillar have surged over 40% year-to-date, far outperforming the broader industrial sector, which is up about 12%. This sharp rise is unique to these two companies, not driven by a general industrial rally. Investors face a ch...
