Grab’s Infermove Acquisition Sparks 3.54% Surge, Targets $20B Robotics Market

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Grab rallied 3.54% on Jan. 6 after announcing the acquisition of China’s AI robotics firm Infermove to deploy Carri robots in first- and last-mile delivery. The company, which has grown sales 17% annually and reached profitability, aims to capture a projected $20 billion last-mile robotics market by 2027.

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