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Arrive AI Inc. (NASDAQ:ARAI) shares are trending on Thursday.
Shares of the Indiana-based developmental technology company surged 32.39% after hours on Wednesday to $0.89, after announcing on Monday that it had secured its tenth U.S. patent for shared autonomous delivery endpoint technology.
New IP Targets Last-Inch Delivery Gap
According to Arrive AI, the patent enables several users share a single Arrive Point, an AI-powered secure receptacle. It functions as a persistent endpoint for drones, ground robots and human couriers, while ensuring chain-of-custody controls.
Arrive AI said that while companies such as Zipline and Alphabet’s Wing (NASDAQ:GOOG) (NASDAQ:GOOGL) compete to dominate the autonomous delivery market, a key challenge persists: determining where and how …
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