Volvo eyes Waabi’s autonomous trucking technology. Bayer acquires AI Imaging solutions firm Blackford Analysis.

Here are two deals recently entered in the AI space.

Volvo – Waabi Innovation

Volvo Group Venture Capital has invested in Canadian company Waabi Innovation to develop the next generation of autonomous trucking technology. The amount of the investment was not disclosed.

Waabi is using AI technology to test and teach a virtual driver to maneuver safely and efficiently in a commercial-ready autonomous trucking solution. The company recently unveiled the Waabi Driver, its core autonomous trucking solution, designed for large-scale commercialization and safe deployment, and Waabi World, a scalable high-quality simulator. (CISION PR NEWSWIRE)

Volvo Group believes that fully autonomous trucking transports are key to providing additional capacity, better safety, and improved efficiency in the rapidly growing trucking industry.

The investment aligns with Volvo Group’s focus on logistics services, site solutions, electrification, and climate technologies.

Bayer – Blackford Analysis

Bayer announced the acquisition of Blackford Analysis, a global provider of imaging AI solutions. The acquisition is part of Bayer’s strategy to drive innovation in radiology and improve patient care through the development and adoption of AI within the clinical workflow. (ET Healthworld.com)

Blackford will continue to operate independently, preserving its entrepreneurial culture, while also benefiting from Bayer’s experience, infrastructure, and reach as a global pharmaceutical company.

The global medical imaging AI field is expected to continue growing dynamically, with an estimated compounded annual growth rate of more than 26%, reaching USD 1.36 billion by 2026. Bayer, as a life-science company with a heritage of over 100 years in radiology, is committed to providing innovative products and high-quality services to support efficient and optimized patient care.

The acquisition is expected to close later this year, pending the satisfaction of customary closing conditions.

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