On June 1, Robo.ai Inc. (NASDAQ: AIIO) officially announced the completion of its 100% acquisition of Neurovia AI Limited, a company specializing in AI data processing and compression technology, which will now become its wholly-owned subsidiary. This acquisition aims to solidify Robo.ai's core AI software strategy by leveraging Neurovia's NeuroStream™ technology to overcome infrastructure bottlenecks associated with massive data volumes, providing efficient data processing capabilities for fields such as autonomous driving and smart cities.
