AIRobotics

Romanian AI Startup .lumen Expands from Assistive Tech to Urban Delivery Robots with €11M EU Grant

Romanian DeepTech firm .lumen, known for AI-powered glasses aiding the visually impaired, has received an €11 million grant to develop autonomous delivery robots. The project aims to deploy sidewalk-navigating robots for urban logistics, marking a significant expansion of the company’s AI vision technology.

From Assistive Technology to Urban Logistics

Romanian startup .lumen is expanding its artificial intelligence vision technology from assisting the visually impaired to powering urban delivery robots, according to recent reports. The Cluj-Napoca-based company has secured an €11 million grant for its “PABLO – Autonomous Robots for Urban Delivery” project, funded under the European Union’s Intelligent Growth, Digitalization, and Financial Instruments Programme 2021-2027.

ResearchTechnology

New Transport Safety Study Reveals Dramatic Progress and Setbacks Across Americas

A groundbreaking study analyzing transport safety across the Americas reveals dramatic improvements in some nations while others face significant setbacks. The research, published in Scientific Reports, provides crucial insights for policymakers seeking to reduce traffic fatalities and improve road safety through targeted interventions.

Major Transport Safety Study Reveals Diverging Trends Across Americas

A comprehensive analysis of transport safety performance across 35 countries has revealed both significant progress and concerning regressions in key safety indicators, according to reports published in Scientific Reports. The study employed a hybrid machine learning-enhanced multi-criteria decision-making model to evaluate countries’ performance across multiple safety parameters between 2010 and 2020.

BusinessFinance

Global Hedge Funds Flock Back to Hong Kong IPO Market Amid Renewed China Interest

Major hedge funds including Millennium and Oaktree are participating in Hong Kong IPOs at rates not seen since 2021. The resurgence comes as Chinese markets show renewed strength, with the Hang Seng becoming one of the world’s top performers and Hong Kong poised to lead global listings in 2025.

Hedge Fund Activity Reaches Post-2021 High

Global hedge funds are reportedly participating in Hong Kong listings at their highest rate since 2021, according to recent market analysis. Sources indicate that what industry observers call “smart money” is returning to the Chinese market following an extended period of reduced activity.