PlusAI is taking self-driving trucking software public through a SPAC deal
PlusAI plans to go public through a SPAC transaction that values the company at about $800 million, The Robot Report says. The report notes its self-driving trucking software is already generating revenue.
For the 806: This is a software company going public, not proof that trucks are running without drivers today. The report says the software already earns revenue but not how much, or how many trucks use it. For anyone who drives or dispatches freight, watch whether the money turns into trucks on real routes, not the valuation.