Amazon has completed its first customer delivery by drone. The company made the used its Prime Air service for the first time to deliver goods to a customer in Cambridgeshire on December 7. Amazon founder and chief executive Jeff Bezos confirmed the delivery in a tweet. First-ever #AmazonPrimeAir customer delivery is in the books. Check out the video: https://t.co/Xl8HiQMA1S Amazon said a new private trial – also in the UK – will now deliver packages up to 2.3 kg in weight in 30 minutes or less using the drones, which it began testing earlier this year.
As big pharmaceutical companies run into roadblocks in discovering new treatments, they are turning to AI startups for assistance. Large pharmaceutical companies are partnering with AI startups to develop new drugs and therapeutics. Artificial intelligence could expedite the drug discovery process by finding new molecular compounds faster than traditional methods. AI may also improve predictions for the outcomes of new drugs, potentially boosting the likelihood of success through each stage of the drug development pipeline. Pharma giants like Pfizer are collaborating with startups like XtalPi, a Massachusetts-based startup backed by Google, Sequoia Capital China, and Tencent Holdings.
Root is betting on behavioral-based auto insurance to help it take on the incumbents that dominate the auto insurance industry. Ohio-based auto insurtech Root went public this week at a valuation of about $6B. Root has been a pioneer in the behavior-based, automobile telematics insurance space and has seen consistent double-digit percentage growth since its founding in 2015. However, despite the progress it has made, Root's insurance book is currently dwarfed by those of leading auto insurance carriers. As of 2019, Root had captured only about 0.2% of the US auto insurance market, according to NAIC.