Uber is spinning off Postmates' autonomous delivery division into a separate startup called Serve Robotics. The company inherited the unit when it acquired Postmates last year for $2.65 billion.

Serve Robotics Inc. has raised $13 million in seed funding from Uber Technologies Inc., 7-Eleven Inc. and other investors to grow its fleet of sidewalk delivery robots. The company announced the ...

I recommend ABB Ltd as a Buy with a $64.39 price target, driven by strong market opportunities in automation, electrification, and data centers. ABB's planned divestiture of its robotics unit could ...