Breaking News: Amazon Makes Strategic Move With Covariant AI Acquisition
In a game-changing announcement, Amazon has secured the talents of Covariant’s founders - Pieter Abbeel, Peter Chen, and Rocky Duan - as well as a significant portion of the startup's workforce. Additionally, Amazon has secured a non-exclusive license to utilize Covariant's revolutionary robotic foundation models.
Chen revealed earlier this year that Covariant is pioneering AI models tailored specifically for robots, with a primary focus on enhancing efficiency in warehouse operations such as bin picking.
Joseph Quinlivan, Vice President of Amazon Fulfillment Technologies & Robotics, expressed excitement over the collaboration, stating, "With some of the smartest minds, we will advance fundamental research, marrying our rich expertise to unlock new ways for AI and robots to assist our operations employees."
This strategic move echoes Amazon's previous acquisition of AI startup Adept, illustrating the company's commitment to leveraging innovative talent and technology through strategic partnerships.
Covariant has confirmed that it will continue its operations under the leadership of Ted Stinson and Tianhao Zhang, with Stinson transitioning into the role of CEO. The company remains focused on implementing the Covariant Brain in various industries, including apparel, health and beauty, grocery, and pharmaceuticals.
In summary, Amazon's collaboration with Covariant signifies a significant step towards enhancing operational efficiency through cutting-edge AI technology. This strategic move is poised to revolutionize the future of robotics in various industries, ultimately benefiting customers and investors alike. Stay tuned for further developments as Amazon continues to lead the way in AI innovation and robotics.