Aurora Innovation Raises $483M for Autonomous Truck Launch


August 3, 2024

Tech News

AirTrunk, a hyperscale data centre provider in the Asia Pacific & Japan region, has inaugurated a 150 MW data centre named JHB1 in Johor Bahru, Malaysia. The facility, which initially offers over 50 MW of capacity, supports cloud computing and AI growth in Malaysia. It features advanced cooling technologies to reduce energy consumption and aligns with Malaysia’s AI hub initiatives. The data centre also collaborates with Tenaga Nasional Berhad to enhance energy reliability and green energy developments.

Tesla has filed a lawsuit against EVject, a company that produces MagSafe-style breakaway EV charging adapters. Tesla claims these adapters, designed for quick disconnection in emergencies, can overheat to dangerous levels during high-current charging. The lawsuit seeks to ban the import and sale of these adapters in the U.S. and demands at least $75,000 in damages, citing risks to both users and Tesla’s charging infrastructure.

Self-driving truck startup Aurora Innovation has raised $483 million through a share sale, surpassing its initial goal of $420 million. The funds will support the company’s driverless commercial launch by the end of 2024. Aurora plans to offer autonomous trucks to shippers and aims to become cash flow positive by 2028. The company has also secured a multi-year collaboration with Uber Freight to integrate its technology into the network through 2030.

Tech Explained

Hyperscale Data Centre – A data centre that is designed to scale rapidly to meet the demand for cloud computing and big data processing.

Self-Driving Truck – A truck that uses artificial intelligence and sensors to navigate and operate without human intervention.

AI – Artificial intelligence refers to the simulation of human intelligence processes by machines, especially computer systems.

Cloud Computing – Cloud computing is the delivery of computing services, including servers, storage, databases, networking, software, analytics, and intelligence, over the internet.

EV Charging Adapters – Adapters used to connect electric vehicles to charging stations for recharging their batteries.

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